John Wiley & Sons, Inc. (Class B) (WLYB) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Wiley published the results on September 3, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Wiley reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Wiley's fiscal year ends April 30. Q1 fiscal 2027 is the three months ended July 31, 2026.
• Wiley acquired Emerald Publishing on June 1, 2026, so the quarter includes two months of Emerald ($13 million of revenue) and the year-ago quarter none.
• Wiley has two listed share classes, Class A (WLY) and Class B (WLYB). Both share the same earnings per share.

Source: Wiley Q1 fiscal 2027 results, September 3, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Wiley splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Wiley's Research revenue was $293 million in Q1 fiscal 2027, up 4% from $282 million in Q1 fiscal 2026, 76% of total revenue.
• Wiley's Learning revenue was $92.9 million in Q1 fiscal 2027, down 19% from $115 million in Q1 fiscal 2026, 24% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Wiley's outlook table for fiscal 2027: organic revenue growth in the low-to-mid single digits (Research mid-single digit), Adjusted EBITDA margin of 26.5% to 27.5%, Adjusted EPS of $4.60 to $5.05 and free cash flow of $205 million. Wiley gives no quarterly outlook and no GAAP outlook.

In its Q1 fiscal 2027 release, Wiley said:

“Wiley is reaffirming its full year outlook based on key leading indicators, including strong pipelines in publishing and AI licensing, and anticipated cost savings.”

“Emerald is projected to add $78 million to Revenue (11 months of Fiscal Year) and be accretive to Adjusted EPS by approximately $0.10 and dilutive to Free Cash Flow by $15 million (the Emerald acquisition is expected to turn Free Cash Flow accretive in Fiscal 2028)”

“Organic Revenue Growth - driven by expected core growth in Research and another strong year for AI and data analytics growth initiatives.”

Source: Wiley Q1 fiscal 2027 release, Sep 3, 2026.

This is the company's own guidance as of Sep 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the WLYB forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Wiley's fiscal year ends April 30.

Wiley's next report is expected around December 3, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Sep 3, 2026

Wiley's Q1 fiscal 2027 revenue was $386.4 million, down 3% from $396.8 million a year earlier, at both reported and constant currency. Research brought in $293.5 million, up 4%, and Learning $92.9 million, down 19%. The release puts the decline down to $29 million of AI licensing revenue in the year-ago quarter that did not repeat at the same level, and market-related softness in Learning. (Wiley Q1 fiscal 2027 release, Sep 3, 2026)

Research Publishing, Wiley's journals business, grew 12% to $258.9 million, including $13 million from two months of Emerald Publishing and growth in gold open access and AI licensing. About 86% of Research Publishing revenue came from journal subscriptions (pay to read), transformational agreements (read and publish) and open access (pay to publish); the rest is licensing and ancillary products. Research Solutions fell 31% to $34.6 million, because AI licensing revenue in that line dropped to $4 million from $16 million. (Wiley Q1 fiscal 2027 release, Sep 3, 2026; Wiley Form 10-Q, Q1 fiscal 2027, Sep 4, 2026)

Learning is Wiley's books and courseware segment, split into Academic ($44.7 million) and Professional ($48.1 million), each down 19%. Professional publishing includes business, finance, technology and test-preparation books and the For Dummies brand. The release cites prior-year AI licensing in Academic and Professional ($8 million and $5 million) and softer consumer and corporate spending, and notes that Q1 is Wiley's seasonally lightest quarter in Academic. (Wiley Q1 fiscal 2027 release, Sep 3, 2026; Wiley Form 10-K, fiscal 2026, Jun 24, 2026)

Wiley recorded $14 million of AI licensing revenue in the quarter. Its earnings presentation reports article submissions up 31% and output up 8%, and 99%+ customer retention in the calendar 2026 journal renewal season. (Wiley Q1 fiscal 2027 release, Sep 3, 2026; Wiley Q1 fiscal 2027 earnings presentation (Exhibit 99.2), Sep 3, 2026)

Wiley bought Emerald Publishing on June 1, 2026 for about $450 million in cash, net of cash acquired. Emerald brings nearly 500 journals and takes Wiley's portfolio to roughly 2,500 journals, with emphasis on economics, business and finance. (Wiley Q1 fiscal 2027 release, Sep 3, 2026; Wiley Form 10-Q, Q1 fiscal 2027, Sep 4, 2026)

Wiley reported a GAAP diluted loss of $0.23 per share in Q1 fiscal 2027, against EPS of $0.22 a year earlier, and Adjusted EPS of $0.44, down from $0.49. Operating income fell to $2.9 million from $31.0 million after $11.0 million of Emerald acquisition and integration costs and $16.5 million of restructuring charges. The Adjusted EPS bridge adds back $0.20 for acquisition and integration costs, $0.26 for restructuring and $0.24 for amortization of acquired intangibles, and takes out a $0.02 gain on the sale of businesses and assets. (Wiley Q1 fiscal 2027 release, Sep 3, 2026)

Interest expense rose to $13.9 million from $11.0 million because Wiley borrowed to buy Emerald: net debt was $1,185 million at quarter end against $746 million a year earlier, and net debt to EBITDA was 2.7x against 1.9x. The GAAP effective tax rate was 6.8% on a pretax loss, and the adjusted effective tax rate was 24.6%, up from 23.3%. (Wiley Q1 fiscal 2027 release, Sep 3, 2026)

Wiley's diluted weighted average share count was 50.8 million, against 54.0 million a year earlier; Adjusted EPS uses 51.5 million diluted shares because GAAP showed a loss. Wiley repurchased 330 thousand Class A shares and 1 thousand Class B shares at an average price of $45.44, for $15 million, and paid $18.2 million of dividends. $192.4 million of repurchase authority remained at July 31, 2026. (Wiley Q1 fiscal 2027 release, Sep 3, 2026; Wiley Form 10-Q, Q1 fiscal 2027, Sep 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Wiley gives a full-year outlook and reaffirmed it with Q1 fiscal 2027 results: organic revenue growth in the low-to-mid single digits (Research mid-single digit), Adjusted EBITDA margin of 26.5% to 27.5% against 26.2% in fiscal 2026, Adjusted EPS of $4.60 to $5.05 against $4.19, and free cash flow of $205 million against $195 million. Emerald is projected to add $78 million of revenue over 11 months, about $0.10 of Adjusted EPS, and to reduce free cash flow by $15 million, with capex of $80M against $65M in fiscal 2026. (Wiley Q1 fiscal 2027 release, Sep 3, 2026)

Wiley does not give quarterly guidance or a GAAP outlook. Its CEO said in the release that Wiley expects Learning to improve over the balance of the year as prior-year AI licensing comparisons normalize and demand in that segment stabilizes. (Wiley Q1 fiscal 2027 release, Sep 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Wiley, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Wiley's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning WLYB is on is WLYB a buy or a sell?, what analysts expect next is on the WLYB forecast, and what the company does is on the John Wiley & Sons, Inc. (Class B) (WLYB) stock page.

Every number on this page can be traced to a document Wiley published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.