John Wiley & Son

Q4 FY2026 EarningsFY2026 GAAP results significantly beat expectations with Diluted EPS of $4.16 vs. $3.07 consensus (+35.50%), primarily driven by a one-time $70 million tax valuation allowance release. Adjusted EPS of $4.19 was in-line with the $4.20 consensus (-0.24%), as strong cost savings from the Global Restructuring Program offset a 7% CC decline in the Learning segment. Revenue of $1,676.5M was essentially in-line with expectations, while a massive 74.26% actual gross margin outperformed the 64.50% consensus. Subsequent to year-end, the $452M acquisition of Emerald Publishing signals a strategic scale-up in the high-margin Research business.