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

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$30.52M-11.2%

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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 research — direct expenses?
John Wiley & Sons, Inc. (WLY) reported research — direct expenses of $79.65M in Q1 2026.
How has John Wiley & Sons, Inc.'s research — direct expenses changed year-over-year?
John Wiley & Sons, Inc.'s research — direct expenses decreased by 6.7% year-over-year, from $85.33M to $79.65M.
What is the long-term trend for John Wiley & Sons, Inc.'s research — direct expenses?
Over 3 years (2023 to 2026), John Wiley & Sons, Inc.'s research — direct expenses has grown at a 2.0% compound annual growth rate (CAGR), from $312.38M to $331.19M.
What does research — direct expenses mean?
Operating expenses directly associated with the Research segment's day-to-day business activities, excluding corporate overhead allocations. It provides insight into the controllable costs required to maintain and grow the segment's core publishing operations.

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