Wiley boosts fiscal 2026 share buyback program to $100 million

Wiley (NYSE: WLY) announced it has increased its fiscal 2026 share repurchase allocation to $100 million, up from $60 million in fiscal 2025 and $45 million in fiscal 2024, according to a company statement.

The publishing company has executed approximately $35 million of the allocation in the first half of its fiscal year and plans to execute $65 million through the remainder of fiscal 2026, which ends April 30, 2026.

Wiley's board of directors approved a $250 million share repurchase authorization, an increase from the prior authorization of $200 million. As of October 31, 2025, the company had $272 million remaining in authorization.

"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," said Matthew Kissner, president and CEO.

The company recently reported second quarter fiscal 2026 results showing adjusted operating margin improvement of 250 basis points to 18.8%. Article submissions and output increased 28% and 12% respectively in its research division.

Wiley executed a $6 million content licensing project for AI models and has realized $35 million year-to-date, with nearly $100 million since 2024. The company expanded AI subscription knowledge feeds to eight corporate customers and increased publisher partners to more than 30 for its content licensing service.

The company reaffirmed guidance for adjusted EBITDA margin of 25.5% to 26.5%, adjusted earnings per share of $3.90 to $4.35, and free cash flow of approximately $200 million, up from $126 million in fiscal 2025.

Share repurchases increased 69% over the prior year period to $21 million. The company raised its quarterly dividend for the 32nd consecutive year.

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