Revenue Recognition, Contracts with Customers (Tables)

3 Months Ended

Jul. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from Contracts With Customers Disaggregated by Segment and Product Type

The following table presents our revenue from contracts with customers disaggregated by segment and product type


	Three Months Ended July 31,
	2025		2024
Research:
Research Publishing	$	231,827	$	230,951
Research Solutions	49,865		34,358
Total Research	281,692		265,309

Learning:
Academic	55,472		59,964
Professional	59,636		64,350
Total Learning	115,108		124,314

Held for Sale or Sold	—		14,186

Total Revenue	$	396,800	$	403,809

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table provides information about accounts receivable, net and contract liabilities from contracts with customers.


	July 31, 2025		April 30, 2025		(Decrease)/ Increase
Balances from contracts with customers:
Accounts receivable, net	$	220,317	$	228,410	$	(8,093)
Contract liabilities (1)	361,677		462,693		(101,016)
Contract liabilities (included in Other long-term liabilities)	$	18,451	$	16,725	$	1,726


(1)			The sales return reserve recorded in Contract liabilities is $15.2 million and $15.1 million, as of July 31, 2025 and April 30, 2025, respectively.

Schedule of Amortization Expense Related to Assets Within Cost of Sales

We recorded amortization expense related to these assets within Cost of sales on our Unaudited Condensed Consolidated Statements of Net Income (Loss) as follows:


	Three Months Ended July 31,
	2025		2024
Amortization expense	$	277	$	306

Schedule of Shipping and Handling Cost

Costs incurred for third party shipping and handling are primarily reflected in Operating and administrative expenses on our Unaudited Condensed Consolidated Statements of Net Income (Loss) and were incurred as follows:


	Three Months Ended July 31,
	2025		2024
Shipping and handling costs	$	5,580	$	5,814

JOHN WILEY & SONS, INC. 10-Q