JOHN WILEY & SONS, INC.
For the period ended Apr 30, 2026. Filed Aug 13, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 30, 2026 · Filed Aug 13, 2026
Contents
Cover page
Show cover page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
JOHN WILEY & SONS, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
| FY26 PROXY STATEMENT | i |
A message from our President and Chief Executive Officer
To our Valued Shareholders,
Three years ago, we laid out a plan to build a stronger, more profitable Wiley: sharpen our cost base, reinvest in our
highest-return growth opportunities, and position the company to lead through a period of extraordinary technological
change. Fiscal 2026 was the clearest proof yet that the plan is working, capped by a series of decisive moves —
market-defining AI partnerships, new leadership in Research and AI, and our largest acquisition since 2007.
Everything we do is built around two reinforcing growth engines. Research is our foundational engine — decades of
scale, relationships and proprietary content that drive market share in the academic disciplines on which the world
depends. And it has proven itself to be durable: Revenue growth accelerated from 3% last year to 4% in fiscal 2026,
with our trajectory now pointing to mid-single digits next year. AI and Data Analytics is our emerging growth engine,
layering intelligence and data services over that same trusted content to help corporate R&D teams and academic
researchers make better, faster decisions. The relationship between the two is the core of our strategy and the Wiley
flywheel: Research Publishing generates the trusted content and data that fuels AI and Data Analytics growth that, in
turn, delivers the intelligence and productivity that accelerates Research. In fiscal 2026, you could see that flywheel
turning and gaining speed.
Ourfoundational engine had a strong year: Article submissions grew 25% and output 11%, both well ahead of
industry; our Advanced portfolio, now more than 25 journals, grew revenue to $70 million at strong double-digit rates.
Our reputation as partner of choice keeps compounding, from winning major new societies to renewing decades-long
partnerships. After the fiscal year closed, we deepened this engine further with the acquisition of Emerald Publishing,
extending our content advantage into economics, business and finance, and adding a high-margin, highly recurring
revenue stream. Our emerging AI engine is scaling quickly. AI-related revenue within Research and Learning grew
from $23 million in fiscal 2024 to $49 million this year, contributing to both segments’ performance, and recurring AI
revenue grew from $1 million to $8 million. We now count 19 corporate customers for AI subscription knowledge
feeds, including seven of the world’s top 10 pharmaceutical companies, and we’re uncovering hidden gems inside our
clinical outcomes assessments portfolio which grew 68% to $11 million in revenue, as clinical trials increasingly require
this specialized data. New partnerships with Anthropic, AWS, IQVIA, Open Evidence, and Microsoft have made Wiley a
central player in the AI and life sciences ecosystem.
Ourfinancial discipline underpins all of this. Over just the past two years, we have expanded our Adjusted EBITDA
margin by 340 basis points and our Adjusted Operating Margin by 560 basis points — both now at all-time highs. We
grew Free Cash Flow by 55% to $195 million, reduced corporate expenses by 15% for the year, and cut our net debt
ratio to 1.4x. Reflecting our growing confidence, we returned $174 million to shareholders — including a record $100
million of share repurchases — while raising our dividend for the 32nd consecutive year, proving for a fundamentally
stronger, leaner and faster Wiley than the one we described three years ago. And it is built to keep compounding. We
enter fiscal 2027 with real momentum: Research accelerating, AI compounding, margins expanding, and capital being
deployed with discipline. I am grateful every day for our colleagues around the world, whose relentless drive and
execution made this a defining year, and for our Board, whose guidance continues to sharpen our path forward.
With all of this in mind, we are pleased to invite you to attend the 2026
Annual Meeting of Shareholders, to be held on Thursday, September 24,
2026, at 8:00 am EDT. Details for accessing the webcast are in the Notice
of Meeting included in this Proxy Statement.
Thank you for your continued confidence in Wiley. We’re not slowing down,
we’re just getting started.
Matthew S. Kissner
PRESIDENT AND CEO
| ii | FY26 PROXY STATEMENT |
| A message from our Board ChairDear Fellow Shareholders,Since our founding in 1807, Wiley has navigated every wave of technological and societal change, from the industrial revolution, through the rise of the digital age, and now the emergence of a new era led by the rapid development of artificial intelligence. Through each of these stages, our role remains constant: to provide trusted, must-have knowledge that enables people to understand and make sense of the world around them and act on that knowledge with confidence. In a time when humanity is increasingly flooded with content and weighed down by unverified and often unreliable information and data, this role has never mattered more. Wiley is home to two centuries of knowledge, providing access to more than 9 million scholarly articles and tens of thousands of books and reference works, authored by millions of researchers and professionals worldwide, recognized experts and thought leaders, including hundreds of Nobel laureates. This growing foundation of credible wisdom and data is increasingly something the world needs given the unprecedented speed of development of AI.Fiscal 2026 was a meaningful year marking key milestones on our journey. Under Matt Kissner and his team's leadership, Wiley delivered financial gains and made decisive moves that will define our next chapter, from transformative AI partnerships to our acquisition of Emerald Publishing. As we look toward our 220th year in 2027, we do so as a very fast-evolving company — leaner, more agile and innovative, building on new momentum, yet animated by the same knowledge mission that has carried us for generations and will continue in this new era.None of this happens without our people and values. Wiley's culture and purpose-driven colleagues remain our greatest assets, and this year we saw the results of their hard work — deepening partnerships with the world's leading research societies, embracing responsible AI, and being recognized as one of the world's most impactful companies. I want to thank Matt, the broader leadership team, and every Wiley colleague around the world for the discipline and dedication that made this a defining year. I also want to thank our authors and partners, who together with our team, keep knowledge advancing globally.I also want to recognize our esteemed board director, Mari Baker, who will not stand for reelection to the Board at this year's Annual Meeting, concluding more than 15 years of dedicated service to Wiley. Mari's contributions have left a lasting mark on our Board and the Company. We are deeply grateful for her steadfast commitment to our mission, people, and Wiley's long-term success.We enter fiscal 2027 with excitement and confidence. Leveraging our core competencies while transforming, the opportunities ahead are as significant as any Wiley has pursued in our history. Our Board is committed to taking a leadership position in this new era. | —111 River StreetHoboken, New Jersey, 07030-5774, U.S.A.T +1 201 748 6000www.wiley.com | |
|---|---|---|
| Best wishes,Jesse C. WileyCHAIR, WILEY BOARD OF DIRECTORS |
| FY26 PROXY STATEMENT | iii |
Notice of 2026 Annual Meeting of Shareholders
| Meeting Information · Items to be Voted Upon | ||||
|---|---|---|---|---|
| InternetThursday, September 24, 2026 | 1 | Election of 9 Director Nominees | ||
| 2 | Ratification of the appointment by the Board of Directors of PricewaterhouseCoopers LLP as the Company’s independent public accountants for the fiscal year ending April 30, 2027 (Ratification Proposal) | |||
| Time8:00 A.M. EDT | ||||
| 3 | Approve, on an advisory basis, the compensation of our named executive officers (Say-On-Pay Proposal) | |||
Who may vote
Shareholders of record at the close of business on July 31, 2026, will be entitled to notice of, and to vote
at, the 2026 Annual Meeting of Shareholders (the “Annual Meeting”).
Attending the Virtual Meeting
The Annual Meeting will be a virtual meeting of shareholders. During the virtual Annual Meeting, you may
ask questions and you will be able to vote your shares electronically. Your vote is very important.
Whether or not you plan to attend the Annual Meeting, please promptly vote by telephone or over the
Internet, or by completing, signing, dating, and returning your proxy card or voting instruction form so that
your shares will be represented at the Annual Meeting.
Even if you execute this proxy, vote by telephone, or vote via the Internet, you may revoke your proxy at
any time before it is exercised by giving written notice of revocation to the Corporate Secretary of the
Company, by executing and delivering a later-dated proxy (either in writing, by telephone, or via the
Internet), or by voting online at the Annual Meeting.
The official Notice of Meeting, Proxy Statement, and separate forms of proxy for Class A and Class B
shareholders are included. The matters listed in the Notice of Meeting are described in this Proxy
Statement.
By Order of the Board of Directors,
/s Deirdre P. Silver
Executive Vice President, General Counsel and Corporate Secretary
Hoboken, New Jersey
August 13, 2026
| iv | FY26 PROXY STATEMENT |
Table of Contents
| 1 | Proxy Statement Summary . . . . . . | 3 |
| Our Corporate Governance Practices . . . . . | 4 | |
| Director Nominee Highlights . . . . . . . . . . . . . | 5 | |
| Our Executive Compensation Practices . . . | 8 | |
| 2 | Proposal 1. Election of Directors . . | 9 |
| Directors to be Elected by Class A Shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . | 10 | |
| Directors to be Elected by Class B Shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . | 13 | |
| 3 | Corporate Governance . . . . . . . . . . | 20 |
| Board Composition and Refreshment . . . . . | 20 | |
| Director Independence . . . . . . . . . . . . . . . . . . | 22 | |
| Our Commitment to Shareholder Engagement . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 25 | |
| Committees of the Board . . . . . . . . . . . . . . . . | 29 | |
| The Board’s Oversight of Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . | 34 | |
| Director Compensation . . . . . . . . . . . . . . . . . . | 39 | |
| 4 | ESG and Corporate Impact . . . . . . | 44 |
| 5 | Audit Committee Matters . . . . . . . . | 47 |
| Audit Committee Report . . . . . . . . . . . . . . . . . | 47 | |
| 6 | Proposal 2. Ratification of appointment of independent registered public accounting firm . | 49 |
| Audit Committee Fees . . . . . . . . . . . . . . . . . . . | 50 |
| 7 | Proposal 3. Non-binding advisory vote of named executive officer compensation . . . . . . . . . . . . . . . . . . | 51 |
| 8 | Executive Compensation . . . . . . . | 52 |
| Compensation Discussion & Analysis . . . . | 52 | |
| Fiscal Year 2026 Named Executive Officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 53 | |
| How We Make Compensation Decisions . | 54 | |
| Summary Compensation Table . . . . . . . . . . | 63 | |
| Grants of Plan-Based Awards . . . . . . . . . . . | 64 | |
| Outstanding Equity Awards at Fiscal Year-End . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 65 | |
| Pay Versus Performance Disclosure . . . . . | 75 | |
| 9 | Ownership of Common Stock . . . | 79 |
| Stock Ownership of Officers and Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 79 | |
| Stock Ownership of Certain Beneficial Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 81 | |
| 10 | Information About the Annual Meeting . . . . . . . . . . . . . . . . . . . . . . . | 84 |
| 11 | Other Matters . . . . . . . . . . . . . . . . . . | 88 |
| Shareholder Proposals and Director Nominations for the 2027 Annual Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 88 |
| FY26 PROXY STATEMENT | 1 |
About Wiley in Fiscal Year 2026
Wiley is a global leader in authoritative content and research intelligence for the advancement of scientific discovery, innovation, and learning.With more than 200 years at the center of the scholarly ecosystem, Wiley combines trusted publishing heritage with AI-powered platforms to transform how knowledge is discovered, accessed, and applied. From individual researchers and students to Fortune 500 R&D teams, Wiley enables the transformation of scientific breakthroughs into real-world impact. From knowledge to impact—Wiley is redefining what's possible in science and learning.
| $1.68B in Revenue | $195M Free Cash Flow | 26.2% Adjusted EBITDA Margin |
| $100 millionshares repurchased in FY2026 | 32consecutive years of dividend increases | 4,500+ colleagues in 23 countries and more than 40 locations around the globe |
| Research | Learning |
| Research Publishing: Peer reviewed journal publishing in scientific, technical, medical, and scholarly domains.Research Solutions: Journal publishing technology platform and support services for societies and publishers; databases, advertising, and recruiting platforms for corporations. | Academic: STEM learning platforms for higher education students; advanced STEM and social science content for academic and professional learners.Professional: Business, finance, and technology content for professionals; team assessment and development services to enhance workplace performance. |
| Leading position in specific areas of Healthcare, Chemistry, Materials Science, Food Science, and Economics and FinanceNearly 2,500* journals across all disciplines Over 1.5 million article submissions | 15M+ Academic and professional books sold annuallyLeading position in business/finance and technology disciplines |
- Includes nearly 500 journal brands as a result of the Emerald acquisition in June 2026 after fiscal year 2026 ended.
| 2 | FY26 PROXY STATEMENT |
2026 Performance and Accomplishments
In Fiscal Year (“FY”) 2026 (“fiscal 2026” or “FY26”), Wiley drove growth in Research and Artificial
Intelligence (“AI”) revenue while delivering significant margin expansion and a strong double-digit increase
in Free Cash Flow. In Research, the Company saw strong publishing demand, including record article
submissions and output. Wiley extended its reach in the corporate AI and data market through strategic
partnerships with IQVIA and OpenEvidence, additional Large Language Model (“LLM”) customers and
agreements for AI model training, and expansion of our customer base for subscription knowledge feeds
spanning multiple industry verticals. Wiley also advanced its AI licensing service on behalf of other
publishers. In Learning, Wiley saw lower AI revenue for training and market-related headwinds in
Academic and Professional, andresponded by reorganizing its editorial focus and accelerating its shift to
digital products and AI licensing opportunities. Overall, Wiley saw a 23% increase in AI Licensing Revenue
Growth within Research and Learning.
On capital allocation, Wiley allocated $174 million to dividends and share repurchases including a record
$100 million for repurchases. Net debt to EBITDA improved to 1.4x from 1.8x in the prior year, prior to the
Emerald acquisition.
After the year ended, Wiley acquired Emerald Publishing to expand scale in Research and deepen its
proprietary content advantage across the AI-driven knowledge economy.
Key Fiscal 2026 Metrics
| +5% | +15% | +260basis points | +55% |
| Research Growth | Adjusted EPS to $4.19 | Adjusted Operating Margin expansion | Free Cash Flow Growth |
|---|
Fiscal 2026 Highlights
| GAAP FY 2026 saw full year reported revenue of $1,677 million vs. $1,678 million in FY 2025. GAAP net income was $222 million vs. $84 million, reflecting improved profitability. Diluted Earnings Per Share ("EPS") of $4.16 compared favorably to $1.53 in FY 2025. | Non-GAAP* Adjusted Revenue at constant currency was approximately flat, as growth in Research (+4%) was offset by market-related softness in Learning (-7%). Adjusted Operating Income, Adjusted EBITDA, and Adjusted EPS was up 18%, 10%, and 15%, respectively, driven by cost savings and disciplined expense management. |
| *Non-GAAP Adjusted measures exclude the impact of restructuring charges and credits and certain other items, and the impact of divestitures and acquisitions. | |
|---|---|
For reconciliations of the non-GAAP financial measures discussed herein to their most directly comparable
GAAP financial measures, see our Annual Report on Form 10-K for the fiscal year ended April 30, 2026,
filed with the Securities and Exchange Commission ("SEC") on June 24, 2026, under Part II, Item 7,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the section
“Consolidated Results of Operations,” which reconciliations are incorporated herein by reference.
| FY26 PROXY STATEMENT | 3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.