约翰威立国际出版-A 2025年度报告

FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended:April 30, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from _________ to _________Commission file number 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) New York13-5593032 State or other jurisdiction of incorporation or organizationI.R.S. Employer Identification No. 111 River Street,Hoboken,New Jersey07030Address of principal executive officesZip Code (201)748-6000Registrant’s telephone number including area code Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).YesNo Index Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filerSmaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements ofthe registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesNo The aggregate market value of the voting stock held by non-affiliates of the registrant, computed by reference to theclosing price as of the last business day of the registrant’s most recently completed second fiscal quarter, October 31,2025,was approximately$1,498 million. The registrant has no non-voting common stock. The number of shares outstanding of the registrant’s Class A and Class B Common Stock as ofMay31, 2026was42,001,047and8,759,308respectively. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement for use in connection with its annual meeting of stockholdersscheduled to be held on September 24,2026, are incorporated by reference into Part III of this Annual Report on Form 10-K. JOHN WILEY & SONS, INC. AND SUBSIDIARIESFORM 10-KFOR THE FISCAL YEAR ENDEDAPRIL30, 2026INDEX PART IPAGE ITEM 1.Business5ITEM 1A.Risk Factors13ITEM 1B.Unresolved Staff Comments23ITEM 1C.Cybersecurity23ITEM 2.Properties25ITEM 3.Legal Proceedings25ITEM 4.Mine Safety Disclosures25 PART IIITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchasesof Equity Securities26ITEM 6.[Reserved]27ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations28ITEM 7A.Quantitative and Qualitative Disclosures About Market Risk48ITEM 8.Financial Statements and Supplementary Data50ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure110ITEM 9A.Controls and Procedures110ITEM 9B.Other Information110ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections110 Cautionary Notice Regarding Forward-Looking Statements “Safe Harbor” Statement under the Private SecuritiesLiti