John Wiley & Sons, Inc. (Wiley) is a global publishing and knowledge company, founded in 1807 and incorporated in New York, providing academic, professional, and educational content, products, and services.

# John Wiley & Sons, Inc.

## Corporate identity
- Referred to as “Wiley,” the Company, or the Company and its subsidiaries.
- Founded in 1807 and incorporated in New York on January 15, 1904.

## Scope of the excerpt
- Describes Wiley’s financial reporting practices, including US GAAP and non-GAAP measures.
- Explains the use of non-GAAP performance measures for supplemental analysis, forecasting, and incentive compensation.
- Notes that Wiley reports by reportable segment and discloses Adjusted Operating Income and Adjusted EBITDA for each segment.
- Describes presentation of results on a constant currency basis to remove foreign currency movements for improved period-to-period comparability.
- References product development spending and Free Cash Flow less Product Development Spending as indicators of long-term value creation.
- Indicates that cash metrics can affect corporate activities such as debt management, dividends, share repurchases, and acquisitions.

## Key non-GAAP metrics described
- Adjusted Earnings Per Share (Adjusted EPS)
- Adjusted Revenue
- Adjusted Operating Income and Adjusted Operating Margin
- Adjusted Income Before Taxes
- Adjusted Income Tax Provision
- Adjusted Effective Tax Rate
- EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
- Results on a constant currency basis
- Free Cash Flow less Product Development Spending

## Governance and presentation notes
- Non-GAAP measures are presented in addition to US GAAP results and are not standardized; they should not be viewed as US GAAP equivalents.
- The performance metric used by Wiley’s chief operating decision maker is Adjusted Operating Income.
- Non-GAAP metrics have limitations and may not be comparable to those used by other companies.
- Wiley may not publicly update forward-looking statements.

John Wiley & Sons, Inc. is a leading global publisher and research content provider, focusing on scientific, technical, medical, social sciences, and educational markets, with a strong emphasis on digital platforms, open access, and innovative content solutions.

# Company Overview: John Wiley & Sons, Inc.

## Business Description
John Wiley & Sons, Inc. (Wiley) is one of the world’s largest publishers and a global leader in research and learning. The company primarily focuses on publishing, digital content platforms, solutions for researchers, educators, students, professionals, and institutions across multiple scientific, technical, medical, social sciences, humanities, and educational markets.

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## Core Business Segments
- **Research**  
  - Provides over 1,800 peer-reviewed scientific, technical, medical, and scholarly journals.  
  - Content spans physical sciences, engineering, health sciences, social sciences, and life sciences.  
  - Customers include academic, corporate, government, and public libraries, research funders, researchers, scientists, clinicians, engineers, professional societies, students, and professors.  
  - Revenue: ~64% of total consolidated revenue in FY2025.  
  - Digital Revenue: 96% of Research revenue is from online products/services.  
  - Key offerings include journal subscriptions, transformational agreements (read and publish), open access, licensing, and ancillary content.  
  - Expanding journal portfolio, licensing content for innovation, and digital information services.

- **Learning**  
  - Offers print and digital books, digital courseware, assessments, and related products aimed at students, instructors, and professionals.  
  - Primary markets include higher education, professional training, and industry.  
  - Revenue: ~35% of total FY2025 revenue, with 60% from digital products/services.  
  - Products include textbooks, digital courseware like WileyPLUS and zyBooks, and assessments.  
  - Customers include bookstores, online retailers, colleges, universities, corporate training clients, and government agencies.

- **Research Solutions**  
  - Provides content platforms, databases, licensing, and services for corporations and societies.  
  - Includes advertising, knowledge hubs, career platforms, scientific data licenses, webinars, and content creation.

- **Held for Sale or Sold Segment**  
  - Consists of non-core or divested businesses, such as University Services, Wiley Edge, CrossKnowledge, and others.  
  - Revenue: ~1% of FY2025 total revenue.

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## Company Size & Financials
- **Employees:** Approximately 5,200 colleagues worldwide as of April 30, 2025.
- **Revenue (FY2025):** $1.68 billion (US GAAP).  
  - Revenue decline of 10% from FY2024 due to divestitures.
  - Adjusted Revenue (excluding sold segments): $1.66 billion — up 3% YoY on a constant currency basis.
- **Net Income (FY2025):** $84.2 million (GAAP), representing significant improvement from a net loss of $200.3 million in FY2024.  
  - **Earnings per share (diluted):** $1.53 compared to a loss of $(3.65) in FY2024.

## Business Focus & Strategies
- Emphasizes expansion of digital research publishing, journal portfolio, and open access options driven by increasing global R&D investments.
- Development of innovative digital platforms like Wiley Online Library, WileyPLUS, and zyBooks.
- Growth in open access and licensing, including AI content licensing.
- Expansion of professional, educational, and assessment products.
- Focus on high-value content, international partnerships, and leveraging AI technologies.
- Continues divestment of non-core businesses to streamline operations.

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## Key Customers & Markets
- **Customers:** Research institutions, universities, government agencies, corporate R&D departments, professional societies, individual researchers, students, and professionals.
- **Geographic Revenue:** ~49% of FY2025 revenue generated outside the US, with operations in the US, UK, Sri Lanka, Germany, India, China, Jordan, Brazil, Greece.
- **Customer Base:** Thousands of institutional and individual buyers, with no single customer exceeding 6% of revenues.

## Workforce & Diversity
- **Workforce:** ~5,200 employees globally.
- **Diversity:** 57% female colleagues, 45% female senior leaders, 26% US persons of color overall, 19% in senior leadership positions.

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## Intellectual Property & Content
- Protects a significant portion of its content via copyrights and trademarks.
- Publishes journals, textbooks, reference books, and digital content.
- Content licensing for AI training and other uses.
- Maintains longstanding relationships with prestigious societies (e.g., American Cancer Society, American Heart Association).

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## Environmental & Social Responsibility
- Committed to sustainability with a target of achieving net-zero emissions by 2040.
- Focuses on reducing print print, promoting digital content, and sustainable publishing practices.
- Prioritizes inclusion, diversity, and community engagement.

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## Summary
Wiley is a global publisher and research content provider targeting academic, corporate, and government research communities as well as higher education and professional training markets. Its revenue is driven largely by digital subscriptions, open access journal publishing, and content licensing, with significant efforts to expand digital platforms and AI applications. The company employs over 5,200 people, serves thousands of institutional and individual customers worldwide, and reported ~$1.68 billion in revenue for FY2025 with net income of $84.2 million.

John Wiley & Sons, Inc. is a leading global publisher focused on research and learning, generating over 83% of its revenue from digital products and services as of fiscal year 2024.

# John Wiley & Sons, Inc.

## Overview
John Wiley & Sons, Inc. (Wiley) is one of the world's largest publishers and a leader in research and learning. Founded in 1807 and incorporated in New York in 1904, Wiley is primarily a digital company, with over 83% of its revenue from digital products and services in fiscal year 2024.

## Mission
Wiley's mission is to unlock human potential by empowering knowledge seekers to turn global challenges into solutions.

## Business segments
Wiley reports three business segments:

### 1. Research
- Focus: Peer-reviewed scientific, technical, and medical (STM) publishing, content platforms, and related services.
- Revenue contribution: ~56% of consolidated revenue for the year ended April 30, 2024.
- Key offerings:
  - Publishing: Manages over 1,900 academic research journals, including journal subscriptions, transformational agreements, and open access publishing.
  - Platforms: Distribution through Wiley Online Library (Literatum).
- Customer base: Academic institutions, corporate clients, government libraries, and individual researchers.
- Employees: Part of the overall workforce of 6,400 worldwide.

### 2. Learning
- Focus: Books, digital courseware, and educational products for academic and professional audiences.
- Revenue contribution: ~31% of consolidated revenue for the year ended April 30, 2024.
- Key offerings:
  - Academic: Higher education textbooks, digital resources, and licensing.
  - Professional: Business, finance, and technology books, including the For Dummies® brand.
  - Assessments: Soft skills training solutions and certifications.
- Customer base: Students, libraries, corporations, and individual learners.

### 3. Held for Sale or Sold
- Focus: Previously divested non-core businesses such as University Services, Wiley Edge, and CrossKnowledge.
- Revenue contribution: ~13% of consolidated revenue for the year ended April 30, 2024.
- Outlook: Completion of divestitures is ongoing, with plans to finalize sales.

## Financial metrics (Fiscal year 2024)
- Total employees: Approximately 6,400 (excluding placement candidates).
- Recurring revenue: 48% of revenue (excluding Held for Sale segment) was recurring.
- Adjusted EBITDA margin:
  - Research: 31.8%
  - Learning: 34.9%
  - Held for Sale or Sold: 12.6%

## Global presence
- Operations: Offices and distribution centers in the United States, United Kingdom, India, Germany, China, and other countries.
- Revenue distribution: ~47% of consolidated revenue came from international markets outside the U.S. in fiscal year 2024.

## Customer base
- Diverse clients: Researchers, students, libraries, professionals, educational institutions, and corporations.
- Partnerships: Collaborates with over 1,900 academic institutions, professional societies, and other publishing partners.

## Key highlights
- Wiley has continued to expand its digital offerings while maintaining commitments to sustainability and diversity, equity, and inclusion.
- The company is addressing industry shifts toward digital content by focusing on innovative licensing models, open access opportunities, and using advanced publishing technologies.

JOHN WILEY & SONS, INC.

10-K / June 24, 2026

10-K / June 25, 2025

10-K / June 26, 2024

10-K / June 24, 2026

John Wiley & Sons, Inc.

Corporate identity

Scope of the excerpt

Key non-GAAP metrics described

Governance and presentation notes