John Wiley & Sons reported third‑quarter 2026 results on March 5, 2026. Revenue reached $410 million, up 1 % year‑over‑year, and diluted earnings per share rose to $0.56, turning a $0.43 loss in the same quarter a year earlier into a profit.
The revenue figure exceeded the consensus estimate of $391 million, delivering a $19 million beat. Growth was driven by a 4 % increase in Research segment revenue and strong AI licensing, while the Learning segment experienced softness due to market headwinds.
Adjusted operating income climbed 22 % year‑over‑year to $70 million, and adjusted operating margin expanded to 17 %, up 280 basis points. Adjusted EBITDA margin improved to 25.7 %, a 250‑basis‑point gain, reflecting successful cost‑control initiatives and a higher mix of high‑margin AI and research products.
Management raised fiscal 2026 guidance for adjusted EBITDA margin and adjusted EPS to the high end of prior ranges, reaffirmed revenue growth expectations, and projected approximately $200 million of free cash flow. The guidance lift signals confidence in continued margin expansion and AI‑driven revenue growth.
President and CEO Matthew Kissner said the quarter was “fully in line with our stated expectations” and noted that revenue was impacted by unfavorable comparables in Research and soft market conditions in Learning, but that the company continues to accelerate in all major focus areas. He highlighted that Research Publishing is outpacing the market with global output up 11 % and revenue up 4 % excluding AI revenue.
Investors reacted positively to the results, with analysts noting the earnings and revenue beats, margin expansion, and raised guidance as key drivers of the favorable market response.
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