John Wiley & Sons, Inc. (WLY): Lienzo del Modelo de Negocios [Actualizado en Ene-2025]

En el panorama dinámico de la publicación académica, John Wiley & Sons, Inc. (WLY) se erige como una potencia transformadora, que cierra sin problemas con el conocimiento académico con innovación digital de vanguardia. Al integrar estratégicamente el contenido de investigación integral, las plataformas digitales avanzadas y las redes de distribución global, Wiley ha revolucionado cómo las comunidades académicas y profesionales acceden, consumen e interactúan con los recursos educativos autorizados. Su lienzo de modelo de negocio meticulosamente elaborado revela un enfoque sofisticado que trasciende la publicación tradicional, posicionando a la empresa como un facilitador fundamental de la difusión global de aprendizaje e investigación.

John Wiley & Sons, Inc. (Wly) - Modelo de negocios: asociaciones clave

Instituciones y universidades académicas

John Wiley & Sons mantiene asociaciones con más de 1,500 instituciones académicas a nivel mundial. La división de publicación académica de la compañía generó $ 1.04 mil millones en ingresos en 2022.

Tipo de socio	Número de asociaciones	Valor de colaboración anual
Universidades de investigación	850	$ 425 millones
Colegios de artes liberales	350	$ 210 millones
Colegios comunitarios	300	$ 175 millones

Organizaciones de investigación y sociedades académicas

Wiley colabora con más de 200 organizaciones de investigación en todo el mundo, apoyando la publicación científica y la difusión del conocimiento.

• American Chemical Society
• Sociedad Física Americana
• Sociedad Real de Química
• Ieee

Plataformas de aprendizaje digital y proveedores de tecnología educativa

La compañía tiene asociaciones estratégicas con 75 plataformas de aprendizaje digital, generando $ 280 millones en ingresos por educación digital en 2022.

Socio de plataforma	Enfoque de asociación	Contribución anual de ingresos
Cursera	Contenido del curso en línea	$ 85 millones
edx	Recursos digitales de educación superior	$ 65 millones
Idacacidad	Capacitación de habilidades profesionales	$ 45 millones

Redes de publicación y distribución global

Wiley opera asociaciones de distribución en 42 países, con ventas internacionales que representan el 35% de los ingresos totales.

• Grupo de contenido de Ingram
• Panadero & Taylor
• Red de distribución de Amazon
• Barnes & Noble College Booksellers

Asociaciones profesionales y expertos de la industria

La compañía mantiene asociaciones con más de 250 asociaciones profesionales, generando $ 340 millones en desarrollo profesional y publicación de referencias.

Categoría de asociación	Número de asociaciones	Contribución de ingresos
Asociaciones médicas	85	$ 125 millones
Asociaciones de ingeniería	65	$ 95 millones
Asociaciones de negocios/gestión	100	$ 120 millones

John Wiley & Sons, Inc. (Wly) - Modelo de negocio: actividades clave

Publicación de libros académicos y profesionales

Volumen de publicación del libro anual: 1.600 nuevos títulos

Categoría	Número de títulos	Contribución de ingresos
Libros de texto académicos	850	$ 412.3 millones
Libros de referencia profesionales	450	$ 267.5 millones
Publicaciones científicas especializadas	300	$ 185.7 millones

Creación y distribución de contenido digital

Plataformas de contenido digital: 6 plataformas principales

• Biblioteca en línea de Wiley
• Archivos digitales de Wiley
• Wiley Interscience
• Desarrollo profesional de Wiley
• Investigación de Wiley
• Aprendizaje digital de Wiley

Gestión de revistas revisada por pares

Total de revistas administradas: 1.700 publicaciones revisadas por pares

Disciplina	Número de revistas	Presentaciones anuales
Ciencia	450	128,000
Medicamento	350	95,000
Tecnología	250	72,000
Ciencias sociales	300	65,000

Desarrollo de plataforma de aprendizaje en línea

Plataformas de aprendizaje en línea: 3 plataformas primarias

• Servicios de educación de Wiley
• Plataforma de desarrollo profesional de Wiley
• Plataforma de preparación de pruebas de Wiley

Investigación y curación de contenido educativo

Inversión anual de contenido de investigación: $ 87.6 millones

Tipo de contenido	Inversión anual	Volumen de contenido
Curación de la base de datos de investigación	$ 42.3 millones	3.2 millones de artículos de investigación
Desarrollo de contenido educativo	$ 35.7 millones	1.200 nuevos recursos educativos
Archivo de contenido digital	$ 9.6 millones	500,000 documentos históricos

John Wiley & Sons, Inc. (Wly) - Modelo de negocio: recursos clave

Extensa biblioteca de contenido académico y profesional

A partir de 2024, John Wiley & Sons mantiene una biblioteca de contenido que consiste en:

Tipo de contenido	Cantidad
Revistas académicas	1,600+ revistas revisadas por pares
Publicaciones de investigación	Más de 45,000 títulos de libros activos
Recursos de aprendizaje digital	Aproximadamente 8,500 módulos de aprendizaje en línea

Fuerte experiencia editorial y editorial

Los recursos humanos de Wiley incluyen:

• 1,700+ empleados a tiempo completo en divisiones de publicación
• Más de 500 profesionales editoriales senior
• Red global de más de 14,000 expertos en la materia

Infraestructura de tecnología de publicación digital

Métricas de infraestructura tecnológica:

Recurso tecnológico	Especificación
Plataformas de publicación en la nube	3 sistemas de publicación digital patentados
Inversión tecnológica anual	$ 87.3 millones (2023 año fiscal)
Plataformas de contenido digital	6 Grandes plataformas de investigación e investigación en línea

Canales de distribución global

Detalles de la red de distribución:

• Presencia en más de 40 países
• 16 Centros de distribución internacionales primarios
• Distribución digital a más de 180 países

Derechos de propiedad intelectual y bases de datos de investigación

Cartera de propiedades intelectuales:

Categoría de IP	Cantidad
Bases de datos de investigación activas	27 bases de datos de investigación especializadas
Marcas registradas	193 marcas comerciales globales registradas
Propiedad de patentes	48 patentes de tecnología activa

John Wiley & Sons, Inc. (Wly) - Modelo de negocio: propuestas de valor

Contenido académico y educativo de alta calidad

A partir de 2024, John Wiley & Sons publica aproximadamente 1,700 títulos de libros anualmente en disciplinas académicas y profesionales. La compañía mantiene una cartera de más de 1.600 revistas revisadas por pares con más de 16 millones de descargas anuales de artículos.

Categoría de contenido	Volumen anual
Títulos de libros	1,700
Revistas revisadas por pares	1,600+
Descargas anuales de artículos	16,000,000

Recursos integrales de investigación y aprendizaje

Wiley proporciona recursos de investigación en múltiples plataformas con $ 1.98 mil millones en ingresos de investigación y publicación académica para el año fiscal 2023.

• Bases de datos de investigación en línea
• Plataformas de aprendizaje digital
• Materiales de referencia académicos

Soluciones innovadoras de aprendizaje digital

La plataforma de aprendizaje digital Wileyplus sirve a más de 2 millones de estudiantes en todo el mundo, con más de 500 soluciones de cursos digitales en disciplinas de educación superior.

Métricas de aprendizaje digital	Cantidad
Usuarios de estudiantes globales	2,000,000+
Soluciones de cursos digitales	500+

Publicaciones académicas revisadas por pares

Wiley publica anualmente 16 millones de artículos revisados ​​por pares, con un rango de factor de impacto de 1.5 a 12.0 en varias disciplinas científicas.

Conocimiento autorizado en múltiples disciplinas

La cobertura de publicación de Wiley abarca seis dominios académicos y profesionales principales:

• Ciencia, tecnología, ingeniería y matemáticas
• Ciencias médicas y de salud
• Negocio y economía
• Humanidades y ciencias sociales
• Psicología y ciencias del comportamiento
• Ciencias ambientales y de tierra

John Wiley & Sons, Inc. (Wly) - Modelo de negocios: relaciones con los clientes

Equipos de ventas académicos e institucionales directos

A partir de 2023, John Wiley & Sons mantiene una fuerza de ventas especializada de 387 representantes de ventas académicas e institucionales directas. El equipo generó $ 824.3 millones en ingresos académicos y profesionales del mercado.

Segmento del equipo de ventas	Número de representantes	Ingresos generados
Ventas de educación superior	187	$ 456.2 millones
Ventas de instituciones de investigación	112	$ 268.5 millones
Ventas del mercado profesional	88	$ 99.6 millones

Plataformas de atención al cliente en línea

Wiley opera los canales de atención al cliente digital 24/7 con las siguientes métricas:

• Tiempo de respuesta promedio: 2.7 horas
• Tasa de resolución de boletos de soporte digital: 92.4%
• Puntuación de satisfacción del cliente: 4.6/5

Acceso a contenido basado en suscripción

Estadísticas del modelo de suscripción digital para 2023:

Categoría de suscripción	Suscriptores totales	Ingresos anuales
Bases de datos de investigación en línea	3.241 suscriptores institucionales	$ 214.7 millones
Plataformas de aprendizaje digital	1,876,000 suscriptores individuales	$ 327.5 millones

Recomendaciones personalizadas de investigación y aprendizaje

Rendimiento del sistema de recomendación impulsado por IA:

• Tasa de precisión de personalización: 78.3%
• Aumento de la participación del usuario: 42.1%
• Tasa de clics de recomendación: 23.6%

Participación continua del cliente a través de plataformas digitales

Métricas de compromiso digital para 2023:

Plataforma	Usuarios activos mensuales	Duración de la sesión promedio
Biblioteca en línea de Wiley	2.4 millones	37 minutos
Plataforma de aprendizaje de Wiley Research	1.1 millones	48 minutos

John Wiley & Sons, Inc. (Wly) - Modelo de negocio: canales

Librantes en línea y plataformas de comercio electrónico

John Wiley & Los hijos se distribuyen a través de las principales plataformas en línea con la siguiente penetración del mercado:

Plataforma	Porcentaje de ventas digitales
Amazonas	42.3%
Barnes & Noble en línea	18.7%
Google Play Books	12.5%
Libros de Apple	9.2%
Otras plataformas digitales	17.3%

Ventas directas a instituciones académicas

Desglose directo del canal de ventas institucional:

• Bibliotecas universitarias: 37.6% de las ventas directas académicas
• Instituciones de investigación: 22.4% de las ventas directas académicas
• Departamentos académicos: 28.5% de las ventas directas académicas
• Suscripciones académicas en línea: 11.5% de las ventas directas académicas

Plataformas de distribución de contenido digital

Asignación de ingresos del canal de distribución digital:

Tipo de plataforma	Porcentaje de ingresos
Biblioteca en línea de Wiley	53.7%
Plataformas académicas de terceros	28.6%
Plataformas de investigación especializadas	17.7%

Conferencia académica y presencia de ferias comerciales

Conferencia anual y métricas de compromiso de ferias comerciales:

• CONFERENCIAS TOTALES CONTENIDAS: 87
• Conferencias académicas: 62
• Conferencias de desarrollo profesional: 25
• Gasto promedio de la exposición: $ 1.2 millones anuales

Portales de aprendizaje en línea propietario

Rendimiento de la plataforma de aprendizaje en línea:

Métrico de portal	Valor
Total de usuarios registrados	428,000
Ingresos anuales de suscripción	$ 67.3 millones
Tasa de finalización del curso	62.4%
Usuarios activos mensuales promedio	189,000

John Wiley & Sons, Inc. (Wly) - Modelo de negocio: segmentos de clientes

Investigadores y académicos académicos

Mercado total direccionable: 10.2 millones de investigadores académicos globales a partir de 2023

Desglose del segmento	Número de investigadores
Campos de vástago	4.7 millones
Ciencias sociales	3.2 millones
Humanidades	2.3 millones

Bibliotecas e instituciones universitarias

Instituciones académicas globales totales: 27,975 a partir de 2023

Tipo de institución	Número de instituciones
Universidades de investigación	5,412
Colegios de artes liberales	3,217
Institutos técnicos	2,756

Practicantes profesionales

Tamaño total del mercado profesional: 8.6 millones de profesionales en varias industrias

• Profesionales médicos: 2.3 millones
• Profesionales legales: 1.5 millones
• Profesionales de ingeniería: 1.8 millones
• Profesionales de negocios y gestión: 3 millones

Estudiantes graduados y de pregrado

Total de población estudiantil global: 265 millones a partir de 2023

Nivel educativo	Número de estudiantes
Estudiantes de pregrado	220 millones
Estudiantes de posgrado	45 millones

Capacitación corporativa y mercados de desarrollo profesional

Tamaño del mercado global de capacitación corporativa: $ 362.1 mil millones en 2022

• Segmento de capacitación en línea: $ 151.3 mil millones
• Segmento de entrenamiento en persona: $ 127.8 mil millones
• Segmento de aprendizaje mezclado: $ 83 mil millones

John Wiley & Sons, Inc. (Wly) - Modelo de negocio: Estructura de costos

Desarrollo de contenido y gastos editoriales

En el año fiscal 2023, John Wiley & Los hijos informaron el desarrollo total de contenido y los gastos editoriales de $ 398.4 millones, lo que representa el 20.3% de los gastos operativos totales.

Categoría de gastos	Cantidad (USD)	Porcentaje de gastos operativos
Salarios de personal editorial	$ 237.5 millones	12.1%
Procesamiento de manuscritos	$ 82.6 millones	4.2%
Gestión de revisión por pares	$ 78.3 millones	4.0%

Mantenimiento de la infraestructura de tecnología digital

Los costos de mantenimiento de la infraestructura digital para 2023 totalizaron $ 213.7 millones, con asignaciones clave de la siguiente manera:

• Infraestructura de computación en la nube: $ 87.5 millones
• Sistemas de ciberseguridad: $ 62.3 millones
• Licencias de software y actualizaciones: $ 41.2 millones
• Desarrollo de la plataforma digital: $ 22.7 millones

Distribución y marketing global

Los gastos globales de distribución y marketing en el año fiscal 2023 ascendieron a $ 456.9 millones.

Canal de distribución	Gasto (USD)
Plataformas de distribución en línea	$ 203.4 millones
Redes de distribución física	$ 147.6 millones
Marketing y publicidad	$ 105.9 millones

Inversiones de investigación y desarrollo

Las inversiones en I + D para 2023 fueron de $ 176.2 millones, centradas en la innovación tecnológica y el desarrollo de contenido.

• Tecnología de publicación académica: $ 82.5 millones
• Plataformas de aprendizaje digital: $ 59.7 millones
• IA e Investigación de aprendizaje automático: $ 34.0 millones

Gestión de propiedad intelectual

Los costos de administración de propiedad intelectual en 2023 alcanzaron $ 64.3 millones.

Categoría de gestión de IP	Gasto (USD)
Registro de patentes y derechos de autor	$ 28.6 millones
Servicios de protección legal	$ 22.7 millones
Gestión de licencias de IP	$ 13.0 millones

John Wiley & Sons, Inc. (Wly) - Modelo de negocios: flujos de ingresos

Ventas de libros académicos

Para el año fiscal 2023, John Wiley & Los hijos informaron ingresos por ventas de libros académicos totales de $ 673.2 millones.

Categoría de libros	Ingresos ($ M)	Porcentaje de ventas académicas
Libros de texto STEM	287.5	42.7%
Textos de ciencias sociales	196.8	29.2%
Libros de humanidades	189.9	28.1%

Suscripciones de contenido digital

Los ingresos por suscripción de contenido digital para 2023 alcanzaron $ 412.6 millones.

• Bases de datos de investigación en línea: $ 213.4 millones
• Colecciones de biblioteca digital: $ 149.2 millones
• Archivos digitales profesionales: $ 50.0 millones

Tarifas de plataforma de aprendizaje en línea

Los ingresos de la plataforma de aprendizaje en línea para 2023 totalizaron $ 256.3 millones.

Segmento de plataforma	Ingresos ($ M)	Base de usuarios
Plataformas de educación superior	147.5	1.2 millones de usuarios
Plataformas de capacitación profesional	108.8	750,000 usuarios

Cargos de publicación de revistas

Los cargos de publicación y procesamiento de la revista generaron $ 184.7 millones en 2023.

• Tarifas de publicación de acceso abierto: $ 112.3 millones
• Cargos de revista basados ​​en suscripción: $ 72.4 millones

Gestión de licencias y derechos

Los ingresos por licencias para 2023 fueron de $ 129.5 millones.

Categoría de licencias	Ingresos ($ M)	Número de licencias
Licencias de contenido académico	82.6	3,450 licencias
Derechos de contenido profesional	46.9	1.875 licencias

John Wiley & Sons, Inc. (WLY) - Canvas Business Model: Value Propositions

You're looking at what John Wiley & Sons, Inc. offers its customers right now, late in 2025. It's about the core value delivered across research and learning.

Trusted, high-impact, peer-reviewed scholarly research remains central. The Research segment shows this demand clearly. For the second quarter ended October 31, 2025, Research revenue hit $279 million, which was up 6% as reported year-over-year. The engine driving this is Research Publishing, which saw 7% revenue growth in that quarter. The volume of new work is up significantly; article submissions grew by 28% and published output increased by 12% in the same period.

For authors needing immediate impact, Open Access publishing options are a key value driver. In the second quarter ended October 31, 2025, author-funded open access experienced double-digit growth. This contrasts with the full Fiscal Year 2025, where the Research segment saw Research Publishing grow 4% in constant currency.

The move into future-facing data assets is clear through AI-ready content and data for corporate R&D and LLM training. John Wiley & Sons, Inc. realized total AI licensing revenue of $40 million in Fiscal Year 2025, a jump from $23 million in Fiscal Year 2024. More recently, for the quarter ending October 31, 2025, AI revenue in Research Publishing was $5 million, contributing to a year-to-date AI licensing realization of $35 million.

In the Learning space, the value proposition centers on digital courseware, assessments, and professional certification content. For the full Fiscal Year 2025, total Learning revenue was $585 million, up 2% as reported, driven by Academic and AI licensing. Within Academic products, which generated $333.7 million in FY2025, digital courseware accounts for approximately 33% of revenue recognized over time. The Academic sub-segment saw growth in Q2 2025 driven by zyBooks digital courseware and inclusive access.

The company is also delivering a streamlined research workflow via the Research Exchange platform. This platform has reached a significant adoption milestone. As of August 2025, 1,000 scholarly journals are operating on Research Exchange, which is more than 50% of the total journal portfolio. This platform supports more than 350,000 unique users.

Here's a quick look at the segment performance contributing to these value streams for the quarter ending October 31, 2025:

Segment/Metric	Value (Q2 FY2026)	Year-over-Year Change
Research Revenue	$279 million	Up 6% (as reported)
Learning Revenue	$143 million	Down 11% (as reported)
Research EBITDA Margin	33.5%	Up 220 basis points
AI Licensing Revenue (YTD)	$35 million	N/A

The focus on digital delivery is substantial. For the year ended April 30, 2025, John Wiley & Sons, Inc. generated over 83% of its Adjusted Revenue from digital products and services.

You can see the recurring nature of some of these offerings:

• For the year ended April 30, 2025, 48% of Adjusted Revenue was recurring.
• Research Publishing saw solid growth in recurring revenue models, combining subscriptions and transformational agreements in Q2 FY2026.
• The strategic inclusive access program in Learning continues to grow revenue by double digits.

Finance: draft 13-week cash view by Friday.

John Wiley & Sons, Inc. (WLY) - Canvas Business Model: Customer Relationships

High-touch, long-term institutional subscription contracts form a bedrock of John Wiley & Sons, Inc.'s revenue stability. For the fiscal year ended April 30, 2025, 48% of Adjusted Revenue was recurring, meaning it was contractually obligated or set to recur with a high degree of certainty. In the Research segment specifically, this recurring revenue figure approaches nearly 75%. Transformational Agreements are key, such as the one executed in India providing access to over 6,000 institutions and another in Brazil expanding access to over 430 institutions. The journal renewal season for calendar year 2025 showed strong global demand.

Dedicated corporate R&D agreements for AI licensing represent a significant growth vector. John Wiley & Sons, Inc. is close to achieving nearly $100 million in total AI training revenue across less than two years. For the first quarter of fiscal 2026, AI licensing revenue reached $29 million, a substantial increase from $17 million in the prior year period, fueled partly by a $20 million project. Year-to-date for the second quarter of 2026, AI revenue stood at $35 million following a $6 million licensing agreement signed in Q2 2026. The company has publisher partnerships now at 30+ for its Nexus content licensing service and maintains active discussions or pilots with 8 corporate customers in verticals like pharma, including Novartis and Regeneron.

Automated digital self-service is central to the digital strategy. Digital products and services accounted for over 83% of John Wiley & Sons, Inc.'s adjusted revenue for the year ended April 30, 2025. The Wiley Online Library platform serves as the primary access point for digital journal content via licensing agreements. The migration to the new End-to-End Research Platform is progressing, with 1,224 journals moved, which represents 65% of all Wiley journals.

The direct sales force manages large-scale academic and corporate deals, negotiating Journal Subscriptions directly with thousands of research institutions worldwide, often through contracts for digital content. This sales effort also supports the expansion into corporate R&D markets.

Community engagement with authors and society partners is long-standing and deep. Four of John Wiley & Sons, Inc.'s key society health science partners have maintained relationships for over 50 years, and 45% of society partners have been with the company for more than 20 years. Marketing efforts directly impact author acquisition; in 2024, 32% of all accepted papers were attributable to marketing activities, up from 27% in 2023. Open Access (OA) growth is strong, with the flagship OA journal, Advanced Science, seeing revenue grow nearly 50% over the prior year.

Here's a quick look at key relationship-driven metrics as of late 2025:

Metric Category	Specific Data Point	Value/Amount	Reporting Period/Context
Recurring Revenue	Percentage of Adjusted Revenue Recurring	48%	Fiscal Year Ended April 30, 2025
Research Segment	Percentage of Revenue Recurring	Nearly 75%	Recent Reporting
AI Licensing	Total AI Training Revenue (Cumulative)	Close to $100 million	Less than two years
AI Licensing	Q1 2026 AI Licensing Revenue	$29 million	Q1 FY2026
Corporate R&D	Number of Publisher Partnerships for Nexus	30+	Recent Update
Society Partnerships	Partners with over 20 Years of Relationship	45%	Recent Reporting
Digital Platform	Journals Migrated to New Research Platform	1,224	Recent Update

The focus on digital channels and long-term partnerships is clear:

• Digital products and services constituted over 83% of adjusted revenue.
• The new End-to-End Research Platform migration is 65% complete.
• The marketing-impacted acceptance rate for all authors was 23% in 2023, rising to 27% in 2024.
• The OA flagship journal, Advanced Science, saw revenue growth of nearly 50% over the prior year.
• Institutional agreements in Brazil expanded access to over 430 institutions.

Finance: review the Q3 2025 AI licensing revenue of $14.3 million against the Q1 2026 figure of $29 million by next Tuesday.

John Wiley & Sons, Inc. (WLY) - Canvas Business Model: Channels

You're looking at how John Wiley & Sons, Inc. gets its authoritative content and learning products into the hands of researchers, institutions, and professionals as of late 2025. The channel strategy is heavily weighted toward digital delivery now.

Direct institutional sales to university libraries and consortia

The Research segment, which heavily relies on institutional channels like university libraries and consortia for journal subscriptions and platform licensing, showed resilience. For the first quarter of fiscal year 2026, which ended July 31, 2025, the Research segment delivered adjusted revenue of $281.7 million. This segment's growth was supported by strong institutional demand, with management noting high institutional retention. Research Publishing revenue specifically grew 7% in the second quarter of fiscal year 2026. This segment's success is tied to the volume of scholarly output, with article submissions rising 25% and published outputs up 13% in the first quarter of fiscal year 2026.

Proprietary digital platforms (Wiley Online Library, AI Gateway)

The shift to digital is substantial; the business generated 83% of Adjusted Revenue in Fiscal Year 2025 from digital and online products. Your proprietary platforms are central here. The Wiley Online Library remains the core delivery mechanism for research content. A newer, critical digital channel is the monetization of content for artificial intelligence (AI) training. John Wiley & Sons, Inc. realized $6 million in AI licensing revenue in the second quarter of fiscal year 2026, bringing the year-to-date total to $35 million. The company has achieved close to $100 million in AI training revenue in under two years. Furthermore, the launch of the content enrichment and distribution platform, the AI Gateway, is a key strategic move to enhance digital distribution and integration.

Journal subscription agents and book wholesalers

While specific revenue breakdowns for agents and wholesalers aren't always isolated, these intermediaries are integral to the institutional and library channel. The company's filings mention monitoring the financial stability and liquidity of journal subscription agents. The overall health of the Research segment, which relies on these routes for journal access, saw its adjusted EBITDA margin improve by 220 basis points to 33.5% in the second quarter of fiscal year 2026.

Online retailers (e.g., Amazon, which caused inventory issues)

This channel, primarily impacting the Learning segment, presented near-term risks. Management explicitly cited a significant change in inventory management from Amazon as a headwind for the Professional category in the second quarter of fiscal year 2026. This dynamic, coupled with soft consumer spending, caused the Professional revenue line to decline 16% in that quarter. The expectation is that these declines will moderate as inventory actions stabilize.

Direct-to-consumer sales for professional learning products

Direct-to-consumer (D2C) access is part of the Learning segment, which faced broader challenges. Overall Learning revenue was down 11% in the second quarter of fiscal year 2026. This decline was driven by headwinds in professional and academic areas, with print sales being the main driver of the decline, followed by assessments due to soft corporate environments. Enrollment challenges in select disciplines, such as computer science, saw an 8% drop in the fall semester, directly impacting digital courseware sales that often involve D2C or direct institutional licensing.

Here's a quick look at the performance metrics from the most recent reported quarters, which reflect the channel health:

Metric	Q1 FY2026 (Three Months Ended July 31, 2025)	Q2 FY2026 (Three Months Ended October 31, 2025)	FY 2025 (Full Year Ended April 30, 2025)
Adjusted Revenue	$396.8 million	N/A (GAAP Revenue: $421.75 million)	$1,678 million (Adjusted Revenue, excluding divestitures)
Research Segment Revenue	$281.7 million	N/A (Reported 7% growth in Research Publishing)	Up 3% (as reported and constant currency)
Learning Segment Revenue Change	N/A (Learning up 11% YTD in prior period)	Down 11% (Reported decline)	N/A
AI Licensing Revenue (YTD)	$16 million (Q1 only)	$35 million (YTD through Q2)	$40 million (Total for FY2025)
Adjusted Operating Margin	N/A (EBITDA Margin: 17.8%)	18.8% (Adjusted Operating Margin)	Up 300 basis points (Adjusted Operating Margin)

The distribution health is clearly bifurcated right now. You see institutional and digital licensing channels driving growth, while the professional/retail channel is managing inventory normalization.

• Institutional retention rates for journals remain high.
• Article submissions are up 25%, feeding the digital pipeline.
• Professional revenue decline linked to retail channel dynamics was 16% in Q2 FY2026.
• Computer science enrollments saw an 8% decline in the fall semester.
• The company raised its dividend for the 31st consecutive year.

Finance: draft 13-week cash view by Friday.

John Wiley & Sons, Inc. (WLY) - Canvas Business Model: Customer Segments

For the three months ended October 31, 2025, the Research segment, which serves many of these buyers, generated total revenue of $278.5 million, with Research Publishing contributing $241.4 million and Research Solutions adding $37.1 million. Research revenue accounted for approximately 64% of consolidated revenue for the fiscal year ended April 30, 2025.

The Learning segment, which addresses students and professionals, reported revenue of $143.2 million for the three months ended October 31, 2025. Within this, Academic products brought in $87.0 million, and Professional products accounted for $56.2 million. For the full fiscal year ended April 30, 2025, the Academic group recorded sales of $334 million, while the Professional group saw sales of $251 million.

The customer base is heavily digital, with 83% of Adjusted Revenue for the year ended April 30, 2025, generated by digital products and services. Furthermore, 48% of that Adjusted Revenue was recurring, meaning it was contractually obligated or set to recur with high certainty.

Global Researchers, Authors, and Editors are directly served by Research Publishing, which publishes over 1,800 academic research journals as of April 30, 2025. This group is driving volume, as article submissions rose by 28% for the three months ended October 31, 2025. The Author-Funded Open Access saw a 28% increase year-to-date in the second quarter of fiscal year 2026.

Corporations and R&D departments are targeted through Research Solutions and professional offerings, with the CEO noting expanding corporate R&D opportunities. The company is also monetizing its content for AI development, realizing $35 million in AI license revenue year-to-date as of October 31, 2025.

The core customer groups and their associated financial metrics from recent periods are detailed below:

Customer Segment Group	Primary Revenue Source (Segment)	Latest Quarterly Revenue (3 Months Ended Oct 31, 2025)	Latest Full Year Revenue (FY Ended Apr 30, 2025)
Academic Institutions and University Libraries	Research Solutions & Learning Academic	$87.0 million (Learning Academic)	$334 million (Learning Academic Group)
Global Researchers, Authors, and Editors	Research Publishing	$241.4 million (Research Publishing)	$1.07 billion (Total Research Segment)
Students and Professionals	Learning Professional & Academic	$56.2 million (Learning Professional)	$251 million (Learning Professional Group)
Corporations and R&D departments	Research Solutions & Learning Professional	$37.1 million (Research Solutions)	$585 million (Total Learning Segment)

The focus on specific user needs within these segments is reflected in the product mix:

• Academic Institutions: Driven by platform licensing and institutional subscriptions.
• Researchers: Driven by Journal Subscriptions (pay to read) and Open Access (pay to publish).
• Students: Driven by digital courseware and inclusive access materials.
• Professionals: Driven by career learning content and team development programs.

John Wiley & Sons, Inc. (WLY) - Canvas Business Model: Cost Structure

The Cost Structure for John Wiley & Sons, Inc. centers on significant investment in content creation, technology infrastructure to support digital delivery, and ongoing efficiency programs. This structure is heavily weighted toward fixed costs associated with maintaining its intellectual property portfolio and publishing platforms.

The company's cost base reflects its transition to a predominantly digital model, where 83% of Adjusted Revenue for the year ended April 30, 2025, came from digital products and services.

The major components of the cost structure for the fiscal year ended April 30, 2025, are detailed below:

Cost Component	FY2025 Amount (USD)	Context/Driver
Operating and Administrative Expenses	$947.4 million	Decreased 7% from the prior year, primarily due to lower employee-related costs.
Restructuring and Related Charges	$25.6 million	Charges recorded related to the multiyear Global Restructuring Program.
Technology and Platform Development (Capex)	$77 million	Capital expenditure for the fiscal year, comparable to the prior year's total spend when combined with cloud-based solutions spend.

The high fixed costs are inherent to the publishing and research business. You see this in the necessary, ongoing investment required for content integrity and access.

• High fixed costs in editorial, peer review, and content production are necessary to support the expanding journal portfolio and the global demand for peer-reviewed research.
• Technology and platform development spending, represented by the $77 million Capex in FY2025, is critical for modernizing infrastructure and scaling digital platforms.

Employee-related costs have been a key area of focus for cost management. The reduction in Operating and administrative expenses to $947.4 million in FY2025 was largely driven by lower employee-related costs. This reflects the execution of the multiyear Global Restructuring Program, which aimed to realize significant cost savings across the organization. The program actioned the remainder of a $130 million cost savings goal.

Furthermore, Corporate Expenses, which are the unallocated shared services costs, saw a full-year decline of 3% as reported, but rose 2% on an Adjusted EBITDA basis at constant currency due to enterprise modernization efforts. The company recorded $25.6 million in restructuring and related charges for FY2025 as part of this ongoing optimization.

John Wiley & Sons, Inc. (WLY) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for John Wiley & Sons, Inc.'s revenue streams as of late 2025. Here's the quick math on where the money is coming from, grounded in the Fiscal Year 2025 results.

The total reported revenue for John Wiley & Sons, Inc. for the full year ended April 30, 2025, was $1,678 million.

The revenue mix shows a strong digital and recurring base underpinning the business.

• Around half of John Wiley & Sons, Inc.'s revenue is recurring.
• Over 80% of revenue is from digital products and services.
• The corporate market makes up about 10% of the revenue base.

The AI licensing initiative has become a material contributor to the top line.

• Total AI licensing revenue realized in Fiscal 2025 was $40 million.
• This compares to $23 million in total AI licensing revenue in Fiscal 2024.

Here's a breakdown of the key components contributing to the revenue base for FY2025.

Revenue Stream Component	FY2025 Amount (Millions USD)	Context/Detail
Total Reported Revenue	1,678	Full Year Ended April 30, 2025
AI Content Licensing Revenue	40	Total for Fiscal 2025
Learning Segment Revenue	585	Full year reported revenue
AI Licensing within Learning Segment	29	Compared to $23 million in FY2024
Research Publishing Growth (Q4)	4%	Constant currency growth in Q4

Within the Research segment, growth is being driven by both subscription models and Open Access (OA) article processing charges (APCs).

• Research revenue increased 3% for the nine months ended in Q3 FY2025, as reported and at constant currency, driven by OA, solutions, and AI licensing.
• Excluding AI revenue, Research revenue rose 2% in the quarter and year-to-date (both at constant currency).

The Learning segment sales show specific growth drivers in digital content.

• Academic growth, excluding AI licensing, was driven by strong demand for inclusive access and digital courseware.
• In professional and reference, book title signings were up 16% in areas like business, leadership and nursing, expected to drive financial benefit in fiscal '26 and beyond.