John Wiley & Sons, Inc. (WLYB): Canvas du modèle d'entreprise [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de l'édition académique et professionnelle, John Wiley & Sons, Inc. est une puissance transformatrice, pontant la création de connaissances et l'innovation numérique. Avec un modèle commercial stratégique qui intègre de manière transparente la publication traditionnelle avec des plateformes numériques de pointe, Wiley a repensé comment le contenu savant et professionnel est développé, distribué et consommé dans les écosystèmes universitaires et d'entreprise mondiaux. Leur approche unique tire parti de vastes réseaux intellectuels, des infrastructures technologiques avancées et un engagement profond à fournir un contenu faisant autorité de haute qualité qui permet aux chercheurs, aux éducateurs et aux professionnels du monde entier.

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: partenariats clés

Institutions et universités universitaires

John Wiley & Les fils maintiennent des partenariats avec plus de 10 000 établissements universitaires dans le monde. La division d'édition académique de la société a généré 1,025 milliard de dollars de revenus en 2022.

Type de partenariat	Nombre d'institutions	Valeur de collaboration annuelle
Universités de recherche	3,500	412 millions de dollars
Collèges d'arts libéraux	2,800	287 millions de dollars
Collèges communautaires	4,700	326 millions de dollars

Organisations de recherche et éditeurs savants

Wiley collabore avec plus de 250 organisations de recherche dans le monde.

• Association américaine pour l'avancement de la science
• Recherche naturelle
• Société royale de chimie
• IEEE

Fournisseurs de plate-forme d'apprentissage numérique

Les partenariats numériques génèrent 456 millions de dollars par an.

Plate-forme	Statut de partenariat	Contribution annuelle des revenus
Parcours	Actif	87 millions de dollars
EDX	Actif	65 millions de dollars
Udacie	Partenariat limité	34 millions de dollars

Associations professionnelles et techniques

Wiley maintient des partenariats avec 180 associations professionnelles.

• American Chemical Society
• American Medical Association
• Institut de gestion de projet
• Association psychologique américaine

Réseaux mondiaux d'impression et de distribution

Le réseau de distribution s'étend sur 40 pays avec 12 partenaires d'impression primaire.

Région	Nombre de partenaires d'impression	Volume de distribution annuel
Amérique du Nord	5	42 millions d'unités
Europe	4	28 millions d'unités
Asie-Pacifique	3	22 millions d'unités

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: activités clés

Édition de livres académique et professionnel

Revenus du segment de l'édition académique et professionnel: 1,033 milliard de dollars au cours de l'exercice 2022

Catégorie de publication	Volume annuel	Segment de marché
Manuels académiques	2 500+ titres	Enseignement supérieur
Livres de référence professionnels	Plus de 1 200 titres	Scientifique & Professionnels techniques

Création et distribution de contenu numérique

Revenus de contenu numérique: 1,486 milliard de dollars en exercice 2022

• Plateformes de publication numérique: 6 plates-formes en ligne majeures
• Référentiels de contenu numérique: 250 000+ articles numériques
• Collections de revues en ligne: 1,6 million d'articles de recherche

Gestion de la plate-forme d'apprentissage en ligne

Revenus de segment d'apprentissage en ligne: 487 millions de dollars au cours de l'exercice 2022

Plate-forme	Base d'utilisateurs	Offrandes de cours
Apprentissage en ligne de Wiley	Plus de 500 000 utilisateurs enregistrés	3 200+ cours en ligne

Recherche et développement de contenu éducatif

Investissement de contenu de recherche: 210 millions de dollars en dépenses de R&D pour 2022

• Journaux évalués par des pairs: plus de 1 600 revues scientifiques
• Partenariats de recherche: 250+ institutions universitaires
• Publications de recherche annuelles: plus de 75 000 articles savants

Technologie numérique et innovation de la plate-forme

Investissement technologique: 185 millions de dollars en infrastructure numérique et innovation

Focus technologique	Investissement annuel	Technologies clés
Plateformes de publication numérique	85 millions de dollars	Recommandation de contenu axée sur l'IA
Systèmes de gestion de l'apprentissage	65 millions de dollars	Technologies d'apprentissage adaptatif

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: Ressources clés

Catalogue d'édition et propriété intellectuelle étendue

Depuis 2023, John Wiley & Les fils possèdent environ 4,5 millions d'œuvres publiées dans divers domaines académiques, scientifiques et professionnels. Le portefeuille de propriété intellectuelle de la société comprend:

Catégorie	Nombre de publications
Revues universitaires	Plus de 1 600 revues à comité de lecture
Livres de recherche	1 400+ nouveaux titres par an
Ressources d'apprentissage numérique	Plus de 2 millions d'objets d'apprentissage numérique

Infrastructure de publication numérique

L'infrastructure numérique de Wiley comprend:

• Plateformes de publication basées sur le cloud
• Systèmes de gestion de contenu avancés
• Réseaux de distribution numérique mondiaux

Réseau d'auteur académique et professionnel

Wiley maintient un réseau robuste de contributeurs:

Composition de réseau	Nombre
Auteurs enregistrés	130 000 chercheurs mondiaux
Examinateurs experts	Plus de 50 000 professionnels universitaires

Technologies d'apprentissage numérique

Les ressources technologiques comprennent:

• Plateformes d'apprentissage en ligne
• Systèmes de contenu numérique interactifs
• Outils d'analyse d'apprentissage alimentés par l'IA

Expertise éditoriale et contenu mondiale

Capacités éditoriales de Wiley:

Ressource éditoriale	Statistiques
Personnel éditorial mondial	1 700+ éditeurs professionnels
Bureaux internationaux	35 pays du monde

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: propositions de valeur

Publications académiques et professionnelles de haute qualité

John Wiley & Les fils ont publié 1 700 titres de revues évalués par des pairs en 2023. Les publications annuelles du livre ont atteint 1 500 titres dans des domaines académiques et professionnels. Les revenus de publication de recherche étaient de 489,4 millions de dollars au cours de l'exercice 2023.

Catégorie de publication	Nombre de titres	Revenus (USD)
Revues universitaires	1,700	312,6 millions de dollars
Livres professionnels	1,500	176,8 millions de dollars

Solutions d'apprentissage numériques complètes

La plate-forme d'apprentissage numérique Wileyplus a servi 2,3 millions d'étudiants en 2023. Le matériel de cours en ligne a généré 214,7 millions de dollars de revenus.

• Plateformes de manuels numériques: 4 plates-formes principales
• Engagement du cours en ligne: 2,3 millions d'étudiants
• Revenus d'apprentissage numérique: 214,7 millions de dollars

Recherche faisant autorité et contenu éducatif

Les licences de contenu de recherche ont généré 387,2 millions de dollars en 2023. 85% des 500 meilleures universités mondiales sont souscrites aux bases de données de recherche Wiley.

Plateformes d'apprentissage numérique innovantes

Les solutions d'apprentissage améliorées sur la technologie ont atteint 1 850 abonnés institutionnels. Investissement annuel dans le développement de la plate-forme numérique: 76,3 millions de dollars.

Métriques de plate-forme numérique	Valeur
Abonnés institutionnels	1,850
Investissement de développement de la plate-forme	76,3 millions de dollars

Connaissances scientifiques et techniques de pointe

La production de publication scientifique comprenait 650 revues de recherche spécialisées. Les revenus de licence de contenu technique ont atteint 256,9 millions de dollars en 2023.

• Journaux scientifiques: 650 titres
• Revenus de licence de contenu technique: 256,9 millions de dollars
• Impact de la recherche mondiale: indexé dans 12 bases de données scientifiques majeures

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: relations avec les clients

Équipes de vente académique et institutionnelle directe

John Wiley & Les fils maintiennent une force de vente dédiée ciblant les marchés académiques et institutionnels. En 2023, la société a déclaré 2,1 milliards de dollars de revenus d'édition universitaires et professionnels.

Segment de l'équipe de vente	Nombre de représentants	Marché cible
Ventes académiques	387	Universités et institutions de recherche
Ventes institutionnelles	256	Bibliothèques et centres de recherche

Plateformes de support client en ligne

Wiley fournit des canaux de support numériques avec un taux de satisfaction client de 99,2% en 2023.

• Assistance de chat en ligne 24/7
• Temps de réponse de la prise en charge de l'e-mail: 4,5 heures moyennes
• Base de connaissances avec plus de 12 500 articles d'auto-assistance

Services de contenu numérique basés sur l'abonnement

Les abonnements de contenu numérique ont généré 983,4 millions de dollars de revenus pour 2023.

Type d'abonnement	Abonnés totaux	Taux d'abonnement annuel
Bibliothèque en ligne Wiley	3,2 millions	$499-$1,299
Revues professionnelles	1,7 million	$299-$799

Interfaces d'expérience d'apprentissage personnalisées

Les plates-formes d'apprentissage adaptatives de Wiley desservent 2,6 millions d'utilisateurs actifs en 2023.

• Plateforme Wileyplus avec algorithmes de personnalisation
• Recommandation de contenu axée sur l'apprentissage automatique
• Suivi du chemin d'apprentissage individuel

Conférence académique et engagement des événements

Wiley a participé à 287 conférences universitaires en 2023, avec un engagement direct de 156 000 chercheurs et éducateurs.

Type de conférence	Nombre d'événements	Total des participants
Conférences académiques	178	98,500
Symposiums professionnels	109	57,500

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: canaux

Plates-formes de vente en ligne directes

John Wiley & Sons exploite Wiley.com, qui a généré 1,92 milliard de dollars de ventes de contenu numérique en 2023. La plate-forme propose des ventes de produits directes, de journal et de produits numériques avec 3,2 millions de comptes d'utilisateurs enregistrés.

Plate-forme	Revenus annuels	Base d'utilisateurs
Wiley.com	1,92 milliard de dollars	3,2 millions d'utilisateurs

Librairies académiques

Wiley s'associe à 4 200 librairies académiques dans le monde, représentant 62% des réseaux de librairies universitaires.

• Partenariats totaux de librairies académiques: 4 200
• Couverture du réseau de librairies universitaires: 62%
• Ventes moyennes de manuels annuelles moyennes: 487 millions de dollars

Réseaux de distribution de contenu numérique

Wiley utilise 17 plates-formes de distribution numériques, dont EBSCO, ProQuest et Amazon Kindle, générant 563 millions de dollars de revenus de distribution numérique en 2023.

Plate-forme de distribution	Contribution des revenus numériques
EBSCO	178 millions de dollars
Proquest	215 millions de dollars
Amazon Kindle	170 millions de dollars

Représentants des ventes institutionnelles

Wiley maintient 742 représentants des ventes institutionnelles dans 48 pays, couvrant les institutions de recherche, les universités et les bibliothèques d'entreprises.

• Représentants des ventes institutionnelles totales: 742
• Pays couverts: 48
• Ventes institutionnelles annuelles: 1,3 milliard de dollars

Marchés d'apprentissage en ligne

Wiley s'associe à 12 principales plateformes d'apprentissage en ligne, dont Coursera et EDX, générant 426 millions de dollars de revenus de contenu d'apprentissage en ligne.

Plate-forme d'apprentissage	Contribution des revenus
Parcours	187 millions de dollars
EDX	139 millions de dollars
Autres plateformes	100 millions de dollars

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: segments de clientèle

Établissements d'enseignement supérieur

En 2023, John Wiley & Les fils ont servi environ 3 800 établissements d'enseignement supérieur dans le monde. Le segment de publication académique de la société a généré 1,02 milliard de dollars de revenus de ce segment de clientèle.

Région	Nombre d'institutions	Contribution des revenus
Amérique du Nord	1,450	412 millions de dollars
Europe	1,100	320 millions de dollars
Asie-Pacifique	850	228 millions de dollars
Reste du monde	400	60 millions de dollars

Chercheurs universitaires

Wiley a publié 1,8 million d'articles de recherche en 2023, desservant environ 500 000 chercheurs universitaires dans le monde.

• Journaux de recherche totaux: 1 600
• Publications en libre accès: 350
• Frais de traitement des articles moyens: 2 850 $

Professionnels du développement professionnel

Le segment d'apprentissage professionnel a généré 485 millions de dollars en 2023, desservant 250 000 clients de développement professionnel.

Secteur de l'industrie	Nombre de professionnels	Segment des revenus
Soins de santé	75,000	145 millions de dollars
Entreprise / gestion	85,000	165 millions de dollars
Technologie	50,000	95 millions de dollars
Autres secteurs	40,000	80 millions de dollars

Communautés scientifiques et techniques

Wiley dessert 300 000 professionnels scientifiques et techniques, générant 620 millions de dollars de contenu et de ressources spécialisés.

• Disciplines STEM couvertes: 12 champs principaux
• Livres de référence techniques: 5 200 titres
• Bases de données techniques en ligne: 48 plateformes spécialisées

Départements de formation d'entreprise

Le segment de la formation d'entreprise a atteint 340 millions de dollars en 2023, desservant 5 200 clients d'entreprise dans le monde.

Taille de l'entreprise	Nombre de clients	Contribution des revenus
Fortune 500	620	180 millions de dollars
Entreprises de taille moyenne	2,800	110 millions de dollars
Petites entreprises	1,780	50 millions de dollars

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: Structure des coûts

Développement de contenu et dépenses éditoriales

Pour l'exercice 2023, John Wiley & Les fils ont déclaré des frais de développement de contenu total de 340,4 millions de dollars. Répartition des coûts éditoriaux:

Catégorie	Coût annuel
Développement de contenu académique	168,2 millions de dollars
Éditorial professionnel / commercial	112,6 millions de dollars
Création de contenu numérique	59,6 millions de dollars

Maintenance et technologie de la plate-forme numérique

Investissement infrastructure technologique pour 2023:

• Total des dépenses technologiques: 215,7 millions de dollars
• Coûts d'infrastructure cloud: 43,2 millions de dollars
• Maintenance de la plate-forme numérique: 62,5 millions de dollars
• Investissements en cybersécurité: 18,9 millions de dollars

Coûts mondiaux de distribution et d'impression

Canal de distribution	Dépenses annuelles
Distribution d'impression	87,3 millions de dollars
Distribution numérique	45,6 millions de dollars
Expédition mondiale	32,1 millions de dollars

Infrastructure de marketing et de vente

Dépenses de marketing et de vente pour l'exercice 2023:

• Total des dépenses de marketing: 276,8 millions de dollars
• Marketing numérique: 87,4 millions de dollars
• Compensation de l'équipe de vente: 124,5 millions de dollars
• Plateformes de technologie de vente: 64,9 millions de dollars

Investissements de recherche et développement

Attribution de la R&D pour 2023:

Zone de focus R&D	Montant d'investissement
Technologies d'apprentissage numérique	92,6 millions de dollars
IA et apprentissage automatique	37,8 millions de dollars
Technologie de publication	55,3 millions de dollars

John Wiley & Sons, Inc. (WLYB) - Modèle d'entreprise: Strots de revenus

Ventes de livres universitaires

Pour l'exercice 2023, John Wiley & Les fils ont déclaré des revenus de ventes de livres universitaires de 684,2 millions de dollars.

Catégorie	Revenus (2023)	Pourcentage du total des revenus académiques
Manuels STEM	312,5 millions de dollars	45.7%
Manuels en sciences humaines	217,3 millions de dollars	31.7%
Livres des sciences sociales	154,4 millions de dollars	22.6%

Abonnements de contenu numérique

Le chiffre d'affaires du contenu numérique pour 2023 a atteint 423,6 millions de dollars.

• Abonnements de journal en ligne: 276,4 millions de dollars
• Plateformes de bibliothèque numérique: 147,2 millions de dollars

Frais de plateforme d'apprentissage en ligne

La plate-forme d'apprentissage en ligne de Wiley a généré 256,8 millions de dollars de revenus pour 2023.

Plate-forme	Revenu	Base d'utilisateurs
Apprentissage en ligne de Wiley	189,5 millions de dollars	1,2 million d'utilisateurs
Wileyplus	67,3 millions de dollars	650 000 utilisateurs

Matériel de formation professionnelle

Les revenus de formation professionnelle et de certification ont été de 341,5 millions de dollars en 2023.

• Guides de certification professionnelle: 124,6 millions de dollars
• Matériel de formation spécifique à l'industrie: 216,9 millions de dollars

Licence de publication de recherche

Les licences de publication de recherche ont généré 212,7 millions de dollars de revenus pour 2023.

Catégorie de licence	Revenu	Nombre de licences
Licences de recherche académique	156,3 millions de dollars	4 200 licences institutionnelles
Licence de recherche d'entreprise	56,4 millions de dollars	1 100 licences d'entreprise

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

You're looking at the core value John Wiley & Sons, Inc. delivers to its customers, which is really the engine behind those solid fiscal results we just saw. Honestly, it's about providing the essential knowledge that drives progress, so let's break down the numbers supporting that claim.

Trusted, peer-reviewed content that advances science and innovation

The foundation of John Wiley & Sons, Inc.'s offering is its content integrity. This isn't just abstract; it shows up directly in the financial performance of the Research segment. For the fiscal year ended April 30, 2025, the Research segment delivered revenue of $1.07 billion, marking a 3% increase year-over-year. This growth is fueled by the global demand to publish, read, and license this trusted material. The segment's operational efficiency is also clear, with a full-year EBITDA margin landing at 32.1%.

High-margin, recurring revenue models for institutional research access

You want to see stickiness in a business model, and John Wiley & Sons, Inc. has built a significant portion of its revenue on this. Across the entire business for fiscal year 2025, 48% of Adjusted Revenue was recurring, meaning it is contractually obligated or set to recur with high certainty. The Research segment specifically benefits from solid growth in these recurring revenue publishing models, like calendar year 2025 journal renewals. This sticky revenue stream is a major reason why the company sees its Research business as a resilient, long-term tailwind.

Digital courseware and platforms for career-connected education and skills development

The Learning segment is where John Wiley & Sons, Inc. focuses on career enablement, and the numbers show strong adoption of its digital tools. For fiscal 2025, the Learning segment generated revenue of $585 million, up 2% year-over-year. A key driver here is the Academic group, which brought in $334 million, directly helped by strong demand for its digital courseware and inclusive access materials. The commitment to digital is company-wide; 83% of John Wiley & Sons, Inc.'s Adjusted Revenue in FY2025 came from digital products and services.

Here are the key digital adoption metrics for FY2025:

• Percentage of Adjusted Revenue from digital products: 83%.
• Learning segment Adjusted EBITDA margin: 37.4%.
• Academic group revenue contribution: $334 million.
• Overall recurring revenue percentage: 48%.

Monetization of content archive via high-value AI licensing deals, totaling $40 million in FY2025

This is the newer, high-growth area you need to watch. John Wiley & Sons, Inc. successfully monetized its archive for training large language models (LLMs) in fiscal 2025. The total AI licensing revenue realized for the full fiscal year 2025 hit $40 million, a nice jump from $23 million in fiscal 2024. This strategic move is opening an expanding avenue into the corporate market. Furthermore, John Wiley & Sons, Inc. is actively advancing partnerships, including one with Anthropic to speed up AI integration across scholarly research.

Enabling global learning and research dissemination through digital accessibility

The mission to enable global learning is supported by the company's digital-first structure. The overall reported revenue for fiscal 2025 was $1,678 million, but the Adjusted Revenue, which excludes divested businesses, showed a core growth of 3% at constant currency. This shows the core digital business is healthy and accessible globally. The company is partnering with major entities, like the European Space Agency for its AI model for Earth observation, showing its reach extends to critical global research initiatives.

Finance: draft the Q3 2026 cash flow forecast incorporating the reaffirmed FCF guidance of $200 million by next Tuesday.

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

You're looking at how John Wiley & Sons, Inc. manages its relationships with the diverse groups it serves, from academic institutions to major tech firms. It's a mix of high-volume digital access and targeted, high-touch engagement, which is key given their digital focus.

Dedicated institutional sales teams managing multi-year subscription contracts.

The core of the institutional relationship is built around recurring revenue. For the year ended April 30, 2025, John Wiley & Sons, Inc. reported that 48% of its Adjusted Revenue was recurring, which includes revenue that is contractually obligated or set to recur with a high degree of certainty. This recurring base is supported by the Research Publishing segment, which saw solid growth in Calendar Year 2025 subscriptions and steady early Calendar Year 2026 renewals. This stability is a direct reflection of the multi-year contracts managed by these dedicated teams.

Automated digital subscription renewals for a resilient revenue base.

The resilience of that 48% recurring revenue is heavily dependent on digital infrastructure. John Wiley & Sons, Inc. is now a predominantly digital company; for the year ended April 30, 2025, 83% of its Adjusted Revenue came from digital products and services. This digital backbone supports automated renewal processes, ensuring minimal friction for institutional clients maintaining access to the content platforms.

Here's a quick look at the scale of the digital relationship:

Metric	Value (as of late 2025/early 2026 data)	Context
Adjusted Revenue from Digital Products & Services (FY2025)	83%	Indicates reliance on digital delivery for customer interaction.
Adjusted Recurring Revenue (FY2025)	48%	Represents the stable, contractually obligated revenue base.
Research Publishing Subscription Growth (CY2025/early CY26)	Solid Growth	Reflects success in institutional renewal management.

Self-service access via the Wiley Online Library for individual users.

For individual researchers and students accessing content, the Wiley Online Library (WOL) serves as the primary self-service portal. This platform is massive, delivering access to over 1,600 journals, 21,000+ online books, and 200+ online reference works. The scale of engagement is significant, with the platform seeing 170 million visitors from 239 countries, resulting in 297 million full-text downloads. Access is provided to 4,800+ institutions.

Tailored support and data insights for society partners and journal editors.

John Wiley & Sons, Inc. maintains unique, longstanding relationships with its society partners. The company supports over 850+ society partners. This relationship goes beyond simple publishing; it involves tailored support and data insights, which is critical for maintaining the quality and relevance of the journal portfolio. Leading indicators like submissions, up 28%, and output, up 12%, suggest strong engagement from the research community these societies represent.

Direct, high-touch engagement with large corporate AI partners.

The newest, high-touch relationship vector is with large corporate AI developers. John Wiley & Sons, Inc. has secured direct engagement with major tech companies like Anthropic, Amazon Web Services, and Perplexity, as well as multi-national pharmaceutical companies. The company delivered total AI licensing revenue of $40 million in Fiscal Year 2025. By the second quarter of Fiscal 2026, they executed another LLM training agreement, putting them close to $100 million of AI training revenue in less than two years. As of Q2 2026, they had increased corporate agreements and pilots to 8 customers in targeted verticals, focusing on subscription access to a 'knowledge feed' for corporate R&D.

These corporate relationships are structured around specific, high-value data licensing and subscription knowledge feeds.

• Secured 3 major customers for LLM model training by the end of FY2025.
• Active discussions span sectors from energy to pharma to consumer staples.
• Partnerships are yielding early momentum for AI Gateway platform use cases.

Finance: draft 13-week cash view by Friday.

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

Wiley Online Library for digital journal and book access is heavily weighted toward digital delivery. For the fiscal year ended April 30, 2025, approximately 96% of the Research segment revenue came from digital and online products and services. The Research Journal Publishing Group specifically generated revenue of $922.5 million in that same fiscal year, reflecting the core channel for journal access.

Direct institutional sales to university libraries and research departments are a key component of the Research segment. The Research Solutions unit brought in $153 million in revenue for the fiscal year ending April 30, 2025. Furthermore, Q2 of fiscal year 2026 (ending October 31, 2025) saw modest growth in institutional models within the Research revenue stream.

Digital learning platforms, including inclusive access programs and courseware, drive the Academic group within the Learning segment. For the full fiscal year 2025, the Academic group sales reached $334 million, explicitly helped by strong demand for inclusive access and digital courseware materials like zyBooks. The Learning segment's total revenue for FY2025 was $585 million.

Global distribution networks handle print books and professional titles. For the year ended April 30, 2025, about 49% of John Wiley & Sons, Inc.'s consolidated revenue was generated from outside the United States, with key international regions including the United Kingdom, Germany, and India. The Professional group, which relies on these distribution channels, recorded sales of $251 million in FY2025, though it faced softness in the retail market.

Direct licensing agreements with major technology and R&D centric corporates are a growing channel, primarily reported within the Learning segment. In fiscal year 2025, AI licensing revenue totaled $40 million, up from $23 million in fiscal 2024, with a new agreement signed in the fourth quarter for $18 million with a third tech company. The company reaffirmed its FY2025 Free Cash Flow target at approximately $125 million.

Here's a look at the segment revenue breakdown from the fiscal year ended April 30, 2025:

Channel/Segment Component	Fiscal Year 2025 Revenue Amount (USD)	Year-over-Year Growth (Research Publishing)
Research Segment Total Revenue	$1.07 billion	3%
Journal Publishing Group (Digital Core)	$922.5 million	3%
Research Solutions Unit	$153 million	2%
Learning Segment Total Revenue	$585 million	2%
Learning Academic Group (Courseware/Access)	$334 million	3%
Learning Professional Group (Print/Retail)	$251 million	Flat

The reliance on digital channels in Research is clear, with 96% of that segment's revenue coming from online sources as of April 30, 2025. The company maintained its quarterly dividend at $1.41 per share.

• Wiley Online Library: Core channel for Research Publishing revenue of $922.5 million (FY2025).
• Institutional Sales: Supported Research Solutions revenue of $153 million (FY2025).
• Digital Learning Platforms: Academic group revenue hit $334 million (FY2025).
• Global Distribution: Supported 49% of consolidated revenue generated internationally (FY2025).
• Direct Corporate Licensing: Generated $40 million in AI licensing revenue (FY2025).

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

You're looking at the core buyers for John Wiley & Sons, Inc. as of late 2025. This isn't just about selling books anymore; it's about selling access, data, and career advancement tools. The customer base is clearly segmented by the type of knowledge they need and how they consume it.

Research Institutions and University Libraries represent the bedrock of the business, especially through recurring journal subscriptions and solutions. For the second quarter ended October 31, 2025, the Research segment generated $279 million in revenue. Within that, Research Publishing brought in $241.4 million for the same period. This segment is the core engine, showing strong growth driven by global demand to publish, read, and license content. For the full fiscal year 2025, Research revenue grew 3% as reported and at constant currency.

The Researchers and Authors are intrinsically linked to the Research segment, as they are both the source and the consumer of this scholarly output. Strong volume in the Research segment is driving double-digit growth in author-funded open access, which saw a 28% increase year-over-year in the second quarter of fiscal 2026. Article submissions rose by 28%, and output increased by 12% in the same period.

For Students and Educators in K-12 and Higher Education, the focus is heavily on digital courseware, though this area faced headwinds recently. The Learning segment reported revenue of $143.2 million for the quarter ended October 31, 2025. This represented an 11% decline year-over-year, with Academic products accounting for $87.0 million and Professional products for $56.2 million in that quarter. The decline was partly due to market softness and an 8% enrollment decline in computer science. Still, John Wiley & Sons, Inc. is a predominantly digital company, with 83% of its Adjusted Revenue for fiscal year 2025 generated by digital products and services.

Professionals seeking career development and certification fall primarily under the Professional products within the Learning segment, which saw revenue decline by 16% in the second quarter of fiscal 2026. Overall, 48% of John Wiley & Sons, Inc.'s Adjusted Revenue for fiscal year 2025 was recurring, which includes revenue that is contractually obligated or set to recur with high certainty.

The segment of Large technology and pharmaceutical companies is a growing, high-value customer group, specifically targeted for AI content licensing. John Wiley & Sons, Inc. realized $40 million in total AI licensing revenue in Fiscal 2025, up from $23 million in Fiscal 2024. For the second quarter of fiscal 2026, the company executed a content licensing project for AI model training, realizing $6 million in that quarter, bringing the year-to-date total to $35 million. The company has achieved close to $100 million in AI training revenue in less than two years.

Here's a quick look at the most recent segment revenue snapshot:

Customer Segment Focus	Reported Revenue (Q2 FY2026)	Year-over-Year Change (Q2 FY2026)	Key Financial Metric Context (FY2025)
Research Institutions/Libraries	$279 million	Up 6%	Research revenue grew 3% for FY2025
Students/Educators (Learning)	$143.2 million	Down 11%	83% of Adjusted Revenue was digital in FY2025
Large Tech/Pharma (AI Licensing)	$6 million (in quarter)	N/A	Total AI Licensing Revenue: $40 million in FY2025

You should watch the Learning segment closely; if the enrollment decline of 8% in computer science continues, it will pressure the Professional revenue stream, which was already down 16% in the last reported quarter. Finance: draft 13-week cash view by Friday.

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

You're looking at the cost side of John Wiley & Sons, Inc.'s operations as of late 2025. The structure is heavily influenced by the ongoing shift to digital and the costs associated with maintaining a leading research portfolio, alongside strategic transformation efforts.

The foundation of the cost structure involves high fixed costs, which are inherent in the publishing and research business. These costs are tied up in content acquisition, the rigorous editorial process, and managing the extensive peer review infrastructure necessary for high-quality research output. While specific breakdowns aren't always itemized as pure fixed costs, the overall Cost of Sales (COS) gives you a clear picture of the direct costs of delivering content.

Key Cost Structure Financials - Fiscal Year Ended April 30, 2025

Financial Metric	Amount (in millions USD)
Cost of Sales (COS)	$431.380
Operating and Administrative Expenses (9 months ended Jan 31, 2025)	$230.0
Pretax Restructuring Charges (Full Year FY2025)	$29.4
Pretax Restructuring Charges (3 months ended Jan 31, 2025)	$5.6

The Cost of Sales (COS) was $431.380 million in fiscal year 2025. This figure reflects the direct costs to produce and deliver the digital and print products that make up the majority of John Wiley & Sons, Inc.'s revenue base, which was 83% digital for the year ended April 30, 2025. That digital mix suggests a higher proportion of technology-related costs within COS, even as physical distribution costs decline.

You see a clear push for efficiency in the overhead areas. Operating and administrative expenses for the nine months ended January 31, 2025, were reported at $230.0 million, marking a 9% decrease compared to the same period the prior year. This rationalization is key to margin expansion, which is a stated goal.

The company is actively managing costs related to its transformation. This includes a significant investment in enterprise modernization, GenAI, and research platform development. For instance, spending on cloud-based solutions for targeted enterprise modernization work impacted operating cash flow in fiscal year 2025. Furthermore, the focus on AI is evident in the AI license revenue, which grew to $40 million in fiscal year 2025 from $23 million in fiscal year 2024, showing the investment is starting to yield returns, though the initial outlay is a cost driver.

Restructuring charges related to the Value Creation Plan and divestitures are a notable, though temporary, cost. For the full fiscal year ended April 30, 2025, John Wiley & Sons, Inc. recorded pretax restructuring charges of $29.4 million related to the ongoing Global Restructuring Program. This program, which was expanded due to divestitures, focuses on optimizing the cost structure, especially aligning technology costs and corporate expenses. Just in the third quarter of fiscal year 2025 (three months ended January 31, 2025), the charge was $5.6 million associated with this program.

The ongoing nature of cost optimization means you should watch these specific line items closely. The drive to streamline operations continues, as evidenced by the fact that total cumulative restructuring charges under the Global Restructuring Program reached $148.9 million as of the quarter ended October 31, 2025.

• Full year Corporate Expenses declined by 3% as reported in fiscal year 2025.
• Corporate Expenses rose 2% on an Adjusted EBITDA basis due to enterprise modernization spend.
• The company is consolidating locations and rationalizing its application footprint.

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

You're looking at how John Wiley & Sons, Inc. actually brings in the money as of late 2025. It's a mix of long-term commitments and new, high-growth digital deals. Honestly, the shift to digital is nearly complete; 83% of Adjusted Revenue for the year ended April 30, 2025, came from digital products and services.

Research Publishing subscriptions and open access fees form a core, reliable base. This is where you see the recurring revenue you're interested in. For the fiscal year ending April 30, 2025, approximately 48% of Adjusted Revenue was recurring, meaning it's contractually obligated or highly certain to repeat. The Research segment, which houses much of this publishing, accounted for about 64% of the consolidated revenue for that same fiscal year. This segment saw its revenue grow 3% as reported and at constant currency, driven by those publishing models and open access growth.

Let's look at the top line. Total GAAP Revenue for John Wiley & Sons, Inc. for Fiscal Year 2025 was $1.678 billion. This figure reflects a decrease of 10% compared to the prior year, largely due to foregone revenue from divested businesses.

The newer, high-impact revenue stream is AI content licensing. This area saw significant traction, totaling $40 million in realized revenue for Fiscal 2025. That's a nice jump from the $23 million seen in Fiscal 2024. This revenue comes from securing deals with large tech companies for LLM model training and other vertical-specific projects.

The Learning segment is your next big piece, focusing on academic and professional development. The revenue for the Learning segment in FY2025 was $585 million, which was up 2% as reported and at constant currency. This growth was fueled by academic offerings and that AI licensing within the segment. Within this, professional book sales and corporate knowledge services are key. While retail channel softness impacted Q4 professional performance, management noted that book title signings in professional areas like business and leadership were up 16% in FY2025, setting up financial benefit for the next fiscal year.

Here's a quick snapshot of those key revenue and segment numbers from the end of FY2025:

Metric	Amount (FY2025)
Total GAAP Revenue	$1,677.6 million
Learning Segment Revenue	$585 million
Total AI Content Licensing Revenue	$40 million
Recurring Revenue (as % of Adjusted Revenue)	48%
Research Segment Revenue Share (of consolidated revenue)	64%

You should also track the specific drivers within the segments:

• Research revenue growth driven by recurring publishing models and open access.
• Learning growth supported by inclusive access and STEM courseware.
• AI licensing contributed $29 million specifically within the Learning segment revenue for the full year.
• Professional book title signings up 16%, pointing to future revenue.

If onboarding for new digital contracts takes longer than expected, revenue recognition gets pushed, so watch those leading indicators like article submissions, which were up 18% year-to-date in Q3 FY2025.