WLY Q2 2026 Earnings
Reported Dec 4, 2025 at 11:00 AM ET · SEC Source
Q2 26 EPS
$1.10
BEAT +13.40%
Est. $0.97
Q2 26 Revenue
$421.8M
BEAT +1.29%
Est. $416.4M
vs S&P Since Q2 26
+22.6%
BEATING MARKET
WLY +29.6% vs S&P +7.0%
Market Reaction
Did WLY Beat Earnings? Q2 2026 Results
John Wiley & Sons delivered a stronger-than-expected fiscal second quarter, posting adjusted EPS of $1.10 against a consensus estimate of $0.97, a beat of 13.40%, while revenue of $421.75 million edged ahead of the $416.40 million analyst estimate de… Read more John Wiley & Sons delivered a stronger-than-expected fiscal second quarter, posting adjusted EPS of $1.10 against a consensus estimate of $0.97, a beat of 13.40%, while revenue of $421.75 million edged ahead of the $416.40 million analyst estimate despite slipping 1.1% year over year. The headline revenue dip masked a sharply bifurcated performance: Research revenue climbed 6% to $278.51 million, powered by a 28% surge in article submissions and nearly $100 million in cumulative AI training revenue across partnerships with major technology companies, while the Learning segment weighed heavily on results, falling 11% to $143.24 million amid Amazon inventory drawdowns and soft consumer spending. Margin discipline added further lift, with adjusted EBITDA margin expanding 240 basis points to 27.3%. Despite the earnings strength, shares retreated roughly 6.8% near their 12-month low, reflecting investor unease over Learning headwinds. Looking ahead, Wiley narrowed its revenue growth outlook to low-single digits while reaffirming adjusted EPS guidance of $3.90 to $4.35 and free cash flow of approximately $200 million for fiscal 2026.
Key Takeaways
- • Strong global demand for research publishing driving 7% growth in Research Publishing at constant currency
- • Article submissions rose 28% and output rose 12% with robust growth across all key geographies
- • Double-digit growth in author-funded open access
- • AI content licensing revenue of $6M in Q2 and $35M year-to-date
- • Corporate expenses reduced by 18% at constant currency through restructuring and expense management
- • Adjusted EBITDA margin expanded 240 basis points to 27.3%
- • Research EBITDA margin expanded 220 basis points to 33.5%
WLY YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
WLY Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continue to deliver strong performance in Research and accelerating momentum in AI as we capitalize on record research volume and expanding corporate R&D opportunities.”
— Matthew Kissner, Q2 2026 Earnings Press Release
WLY Earnings Trends
WLY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WLY EPS Trend
Earnings per share: estimate vs actual
WLY Revenue Trend
Quarterly revenue: estimate vs actual
WLY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.65 | $1.67 | +1.21% | $447.9M | -0.46% |
| FY Full Year | $4.20 | $4.19 | -0.24% | $1.68B | -0.12% |
| Q3 26 BEAT | $0.86 | $0.97 | +12.79% | $410.0M | +4.87% |
| Q2 26 BEAT | $0.97 | $1.10 | +13.40% | $421.8M | +1.29% |
| Q1 26 MISS | $0.50 | $0.49 | -2.00% | $396.8M | +5.81% |