By Connor Hart
John Wiley & Sons nearly doubled its profit during its fiscal fourth quarter, delivering what it called record margins as revenue ticked higher.
The Hoboken, N.J., publisher known for its For Dummies book series on Tuesday posted a profit of $135.3 million, or $2.61 a share, for its three months ended April 30. That compares with a profit of $68.1 million, or $1.25 a share, a year earlier.
Stripping out one-time items, adjusted earnings came in at $1.67 a share.
Revenue climbed 1.2%, to $447.9 million.
Chief Executive Matthew Kissner called fiscal 2026 a breakout year for Wiley, during which it accelerated efforts to grow using research, artificial intelligence and data analytics.
"Research delivered mid-single digit growth on record submissions and output, and the recent acquisition of Emerald Publishing further extends our scale and proprietary content advantage in the AI economy," he said, noting AI revenue grew in the double digits to nearly $50 million.
Looking ahead, Wiley adjusted for adjusted earnings of $4.60 to $5.05 a share in its fiscal 2027, while organic revenue is projected to grow in the low- to mid-single digits.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 16, 2026 07:59 ET (11:59 GMT)
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