Wiley, a global leader in authoritative content and research intelligence based in Hoboken, announced that it has boosted its Fiscal 2026 share repurchase allocation to $100 million, up from $60 million in Fiscal 2025 and $45 million in Fiscal 2024.
Wiley has already executed approximately $35 million of this allocation in the first half, with an objective of executing $65 million through the rest of the fiscal year ending April 30, 2026.
In the first half, the company raised its quarterly dividend for the 32nd consecutive year and announced that its board of directors had approved a $250 million share repurchase authorization, an increase from its prior authorization of $200 million.
“Our confidence in our long-term growth trajectory has only intensified as we see record global demand to publish and license in research and expanding use of our authoritative content in LLM models and corporate AI applications,” said Matthew Kissner, president and CEO.
“Given our strong financial profile and the strength of our business fundamentals relative to current valuation, we’ve boosted our full-year allocation to share repurchases while continuing to invest in high-return growth initiatives and support a robust dividend.”
Wiley recently reported results for the second quarter of Fiscal 2026. Highlights include:
- Delivered 250 basis points of adjusted operating margin improvement to 18.8%.
- Delivered strong growth and margin expansion in research, driven by global demand to publish, read and license. Article submissions and output rose by 28% and 12%, respectively.
- Executed $6 million content licensing project for AI models; $35 million realized year-to-date; nearly $100 million since 2024. Expanded AI subscription knowledge feeds to 8 corporate customers with an active pipeline across industry verticals. Increased publisher partners to more than 30 for its Nexus content licensing service for AI models and applications.
- Increased share repurchases by 69% over the prior year period to $21 million.
- Reaffirmed guidance for Adjusted EBITDA margin of 25.5% to 26.5%, Adjusted EPS of $3.90 to $4.35, and free cash flow of approximately $200 million, up from $126 million in Fiscal 2025.
Purchases may be made from time to time at management’s discretion through open market or privately negotiated transactions. Share repurchases remain a prioritized capital allocation objective, and the company plans to continue acting opportunistically based on market conditions. As of Oct. 31, Wiley had $272 million remaining in authorization.
