Wiley’s Q2 FY26 earnings were released before market open on December 4 2025, with revenue of $416.4 million and earnings per share of $0.97—exactly matching the consensus estimate of $0.97 and $416.4 million, respectively. The results represent a 2.4% year‑over‑year decline in revenue compared with $426.6 million in Q2 FY25, while EPS remained flat, reflecting the company’s ability to keep earnings stable amid a modest revenue contraction.
The company’s revenue mix continued to shift toward its high‑margin Research segment. Research revenue rose 5% to $208.2 million, driven by stronger demand for open‑access publishing and a surge in AI‑training contracts. Publishing revenue grew 7% to $123.5 million, while the Learning segment contracted 11% to $84.7 million, a decline largely attributable to inventory adjustments at Amazon and softer enrollment in traditional courseware. The mix shift helped lift the adjusted EBITDA margin to 41.3% from 36.2% in the same quarter a year earlier, underscoring the company’s pricing power and cost discipline in its core research business.
Wiley’s management reiterated its full‑year outlook for FY26, maintaining guidance for adjusted revenue of $1.65 billion to $1.69 billion, adjusted EBITDA of $385 million to $410 million, adjusted EPS of $3.25 to $3.60, and free cash flow of approximately $125 million. The unchanged guidance signals confidence that the company’s AI‑driven initiatives and focus on high‑margin research will continue to generate steady growth, even as the Learning segment faces short‑term headwinds.
CEO Matt Kissner highlighted the company’s “continuous improvement” culture, noting that AI‑related tailwinds are beginning to pay off in quality growth and margin expansion. He emphasized that the firm is “working to deliver compounding growth and material margin expansion over time,” a statement that reinforces the management’s belief in the long‑term value of its AI strategy and the “focus and optimize” approach to its Research and Learning core.
The earnings release did not trigger any notable market‑reaction commentary in the fact‑check report, so the article focuses solely on the company’s financial performance and strategic outlook.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.