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John Wiley & Sons, Inc. WLY Learning — Direct expenses

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$79.65M-6.7%

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Other financials

Income statement

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Revenue$447.9M+1.2%
Gross profit$337.9M+1.9%
Operating income$110.1M+44.0%
Net income$135.3M+98.8%
EPS (diluted)$2.54+105%

Balance sheet

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Cash & equivalents$75.6M-11.9%
Total debt$768.9M-14.5%
Total equity$848.2M+12.8%
Total assets$2.6B-3.7%

Cash flow

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Operating cash flow$157.2M+4.6%
CapEx$13.2M-31.1%
Free cash flow$144.0M+9.8%

Valuation

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Market cap$2.66B+28.7%
Enterprise value$3.35B+15.2%
P/E12×-9.2×
P/S1.6×+0.3×

Profitability

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Gross margin74.3%0.0pp
Operating margin16.5%+3.3pp
Net margin13.2%+8.2pp
FCF margin12.5%+4.1pp

Returns & leverage

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Return on equity27.7%+16.4pp
Debt / equity0.9×-0.3×
Current ratio0.5×0.0×

Where this comes from

Reported directly by John Wiley & Sons, Inc. in its filing.

Tagged under the XBRL concept us-gaap:SalariesWagesAndOfficersCompensation.

The source filing: John Wiley & Sons, Inc.’s 10-K, filed June 24, 2026.

Filed
Jun 24, 2026, 2:36 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-045111
Line itemFor the Year Ended April 30, 2026 / ResearchFor the Year Ended April 30, 2026 / LearningTotal
Revenue$1,129,942$546,586$1,676,528
Cost of sales303,702127,807431,509
Direct expenses331,192136,301467,493
Allocated Corporate expenses167,578107,909275,487
Amortization of intangible assets44,8668,18453,050
Adjusted Operating Income by segment(1)$282,604$166,385$448,989
Reconciliation of Adjusted Operating Income by segment to Income before taxes
Adjusted unallocated Corporate expenses(2)(152,819)

Item 8. Financial Statements and Supplementary Data

FAQ

What is John Wiley & Sons, Inc.'s learning — direct expenses?
John Wiley & Sons, Inc. (WLY) reported learning — direct expenses of $30.52M in Q1 2026.
How has John Wiley & Sons, Inc.'s learning — direct expenses changed year-over-year?
John Wiley & Sons, Inc.'s learning — direct expenses decreased by 11.2% year-over-year, from $34.36M to $30.52M.
What is the long-term trend for John Wiley & Sons, Inc.'s learning — direct expenses?
Over 3 years (2023 to 2026), John Wiley & Sons, Inc.'s learning — direct expenses has grown at a -4.7% compound annual growth rate (CAGR), from $157.69M to $136.3M.
What does learning — direct expenses mean?
Represents the operating costs directly tied to the daily activities and service delivery of the Learning segment, excluding general corporate overhead. This provides insight into the controllable operational costs required to sustain segment-level revenue.

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