John Wiley & Sons Reports Revenue Increase and Profitability Improvements in Q3 2026

John Wiley & Sons, Inc. reported its financial results for the third quarter and nine months ended January 31, 2026, revealing a modest increase in revenue and significant improvements in profitability compared to the previous fiscal period. The company achieved consolidated revenue of $410.0 million for the third quarter, a 1% increase from $404.6 million in the same period last year. For the nine months, revenue totaled $1.229 billion, a slight decline of 1% from $1.235 billion in the prior year. Operating income rose to $62.8 million, reflecting a 21% increase from $51.8 million, while net income for the quarter was $29.7 million, compared to a net loss of $22.9 million in the prior year.

The company’s performance was bolstered by a decrease in operating and administrative expenses, which fell by 5% to $219.1 million in the third quarter, attributed to restructuring initiatives and cost-saving measures. Additionally, restructuring and related charges increased to $7.1 million from $5.6 million year-over-year, as Wiley continues to implement its Global Restructuring Program aimed at optimizing its cost structure. The program has led to a reduction in real estate occupancy by approximately 35% and is expected to yield annualized cost savings of around $125 million.

In terms of operational metrics, Wiley reported a notable increase in its artificial intelligence (AI) license revenue, which reached $7.3 million for the third quarter, although it was down from $9 million in the previous year. The company also highlighted a 28% growth in open access article output, indicating a positive trend in its Research segment. The Research segment generated $274.1 million in revenue for the third quarter, up 2% year-over-year, while the Learning segment saw a slight decline in revenue to $135.9 million, down 1% from the previous year.

Wiley's balance sheet showed total assets of $2.561 billion as of January 31, 2026, down from $2.691 billion at the end of the previous fiscal year. The company reported cash and cash equivalents of $95.1 million, with a significant portion held outside the U.S. Total debt stood at $807.5 million, with approximately $485.2 million of unused borrowing capacity under its credit facilities. Looking ahead, Wiley anticipates continued focus on its core businesses and strategic investments in digital content and AI technologies, while managing its cost structure to enhance profitability.