Research
“10-K Item 1: 'Research revenue accounted for approximately 64% of our consolidated revenue in the year ended April 30, 2025, with a 32.1% Adjusted EBITDA margin.'”
Updated
The most significant concentration John Wiley & Sons discloses is Research at 64%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: John Wiley & Sons’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'Research revenue accounted for approximately 64% of our consolidated revenue in the year ended April 30, 2025, with a 32.1% Adjusted EBITDA margin.'”
“10-K Item 1: 'In the year ended April 30, 2025, approximately 49% of our consolidated revenue was from outside the US.'”
“10-K Item 1: 'Approximately 46% of Journal Subscriptions revenue is derived from publication rights that are owned by professional societies and other publishing partners such as research institutions or foundations'”
Wiley's concentration risk centers on its core business line, with meaningful geographic and partner-based exposures layered on top. Research revenue accounted for approximately 64% of consolidated revenue in the year ended April 30, 2025, a high-share structural concentration that makes the Research segment's performance the primary determinant of overall results. Geographically, approximately 49% of consolidated revenue came from outside the U.S. in the same year, a medium-share structural exposure tying nearly half the business to international markets, currency, and regulatory conditions. Within Journal Subscriptions specifically, approximately 46% of revenue is derived from publication rights owned by professional societies and other publishing partners such as research institutions or foundations — a medium-share dependency on third parties who control the underlying content rights rather than Wiley itself. None of the three exposures names a single dominant counterparty; the risk is concentrated in a business line, a broad international revenue base, and a class of rights-holding partners. The publishing-partner dependency is the one line where a shift in society relationships, rather than a market or macro shock, could move the verdict.
For the engine’s reasoning on WLYB’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| WLY | John Wiley & Sons, Inc. | 1 | 2 | 0 | 3 |
| WLYB● | John Wiley & Sons, Inc. | 1 | 2 | 0 | 3 |
| TDAY | USA TODAY Co., Inc. | 1 | 1 | 0 | 2 |
| NYT | New York Times Company (The) | 0 | 1 | 0 | 1 |
| SCHL | Scholastic Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.