John Wiley & Sons, Inc. · NYSE:WLY
John Wiley & Sons — Q1 2026 Earnings Presentation
19 slides from John Wiley & Sons's earnings presentation, Sep 4, 2025
Slide 1: First Quarter 2026 Earnings Review
First Quarter 2026 Earnings Review September 4, 2025 NYSE: WLY
Slide 2: Safe Harbor Statement and Non-GAAP Financial Measures
SAFE HARBOR STATEMENT NON-GAAP FINANCIAL MEASURES This release contains certain forward-looking statements concerning the Company's Wiley provides non-GAAP financial measures and performance results such as: operations, performance, and financial condition. Reliance should not be placed on ▪ Adjuste
Slide 3: Authoritative content, data-driven insights, and knowledge services
Authoritative content, data-driven insights, and knowledge services for the advancement of science and learning 3
Slide 4: First Quarter Summary
First Quarter Summary 1 Q1 performance in line with expectations 2 Mid-single digit growth in Research from AI licensing demand and strong open access growth partially offset by timing of prior year journal renewals 3 Leadership position in AI expanded with execution of AI licensing project on behal
Slide 5: Fiscal 2026 Commitments
Fiscal 2026 Commitments OBJECTIVE STATUS Q1 PROGRESS ▪ Delivering record growth in submissions (+25%) and output (+13%). Submissions growth in China (+25%), India (+35%), US (+14%), UK (+17%) ▪ Driving strong double-digit growth in open access; record submissions in July Lead in Research ▪ Deliverin
Slide 6: Confidence in Q2 and Rest of Year
Confidence in Q2 and Rest of Year +13% • Q1 timing impacts transitory • Good recurring revenue growth in CY25 renewal cycle • Strong open access growth expected from accelerating demand and Research Output output pipeline, with six months or more of publishing backlog • AI content licensing market c
Slide 7: AI Growth: Licensing Models Evolving
AI Growth: Licensing Models Evolving to Capitalize on Growing Demand for Wiley’s Content and Expertise Model Training Wiley Nexus Subscription Models ▪ Licensing agreements for large ▪ In partnership with publishing ▪ Subscription access to ‘knowledge volumes of Wiley archival partners seeking to le
Slide 8: AI Growth: Wiley at the Leading Edge in Corporate R&D
AI Growth: Wiley at the Leading Edge in Corporate R&D Since January 2024: • Wiley is leveraging its position in AI and data to focus on recurring growth opportunities in underpenetrated corporate market (corporate only 10% of Tech Wiley revenue but makes up Health/Science • Training projects with 3
Slide 9: AI Innovation Across Our Unified Research Platform
AI Innovation Across Our Unified Research Platform • 1,000 journals now on proactive, AI-enabled platform with predictive risk assessment • 25 comprehensive integrity and quality checks, including AI-powered analyses • Approximate 70% reduction in published papers citing problematic sources • Approx
Slide 10: Performance, Outlook, Financial Position
Performance Outlook Financial Position
Slide 11: First Quarter Performance
First Quarter Performance Adj. Revenue* GAAP Diluted EPS Adj. EPS* Adj. EBITDA* ▲1% ▲$0.25 ▲2% ▼3% $397M $0.22 $0.49 $70M *Adjusted Revenue, Adjusted EPS, and Adjusted EBITDA performance excludes divested businesses. Adjusted numbers exclude impact of foreign exchange. Q1 impacted by mix, timing and
Slide 12: Research
Research (millions) Q1 2026 Change Change CC Research Publishing $232 0% (1%) Research Solutions $50 45% 44% Total Revenue $282 6% 5% Adjusted EBITDA $80 2% Adjusted EBITDA Margin 28.3% ▪ Research Publishing performance as expected with timing offsetting strong open access growth ▪ Demand indicators
Slide 13: Learning
Learning (millions) Q1 2026 Change Change CC Academic $55 (7%) (8%) Professional $60 (7%) (8%) Total Revenue $115 (7%) (8%) Adjusted EBITDA $31 (7%) Adjusted EBITDA Margin 27.4% ▪ Academic revenue performance in this seasonally small quarter impacted by prior year AI deal ▪ Professional revenue perf
Slide 14: Strong Financial Position and Return to Shareholders
Strong Financial Position and Return to Shareholders • Free Cash Flow use of $100 million was a modest improvement versus prior year use of $107M. FCF historically a use through 1H due to timing of annual journal subscription receipts Share Repurchases ▪ Capex of $15M vs. $18M in prior year period Q
Slide 15: FY26 Growth Outlook Reaffirmed
FY26 Growth Outlook Reaffirmed Metric Fiscal 2024 Fiscal 2025 Fiscal 2026 Outlook Adjusted Revenue $1,617M $1,660M Low-to-mid single digit growth Adjusted EBITDA Margin 22.8% 24.0% 25.5% to 26.5% Adjusted EPS $2.78 $3.64 $3.90 to $4.35 Free Cash Flow $114M $126M Approximately $200M Adj. EBITDA Margi
Slide 16: Executive Summary
Executive Summary 1 Q1 in line with overall expectations Good confidence in Q2 and rest of year driven by leading demand and output 2 indicators, the strength of our recurring revenue models and open access programs, and anticipated cost savings 3 Wiley now a leader in AI, strategically partnering w
Slide 17: Thank you for joining us
Thank you for joining us investors.wiley.com Contact: brian.campbell@wiley.com (201) 748.6874
Slide 18: Appendix – US GAAP to Non-GAAP EPS Reconciliation
Appendix – US GAAP to Non-GAAP EPS Reconciliation JOHN WILEY & SONS, INC. Notes: SUPPLEMENTARY INFORMATION (1) (2) (1) See Explanation of Usage of Non-GAAP Performance Measures included in this supplementary information for additional details on the reasons why RECONCILIATION OF US GAAP MEASURES to
Slide 19: Appendix – Net Income to Adjusted EBITDA
Appendix – Net Income to Adjusted EBITDA JOHN WILEY & SONS, INC. SUPPLEMENTARY INFORMATION (1) RECONCILIATION OF US GAAP NET INCOME (LOSS) TO NON-GAAP EBITDA AND ADJUSTED EBITDA (in USD thousands) (unaudited) Three Months Ended July 31, 2025 2024 Net Income (Loss) $ 11,700 $ (1,436) Interest expense