v3.26.1
Revenue Recognition, Contracts with Customers (Tables)
 12 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from Contracts With Customers Disaggregated by Segment and Product Type
The following tables present our revenue from contracts with customers disaggregated by segment and product type.
For the Years Ended April 30,
202620252024
Research:
Research Publishing$965,767 $922,553 $892,784 
Research Solutions164,175 152,906 149,921 
Total Research1,129,942 1,075,459 1,042,705 
 
Learning:
Academic318,757 333,693 323,541 
Professional227,829 251,075 251,198 
Total Learning546,586 584,768 574,739 
 
Held for Sale or Sold— 17,382 255,543 
 
Total Revenue$1,676,528 $1,677,609 $1,872,987 
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.
April 30, 2026April 30, 2025(Decrease)/
Increase
Balances from contracts with customers:
Accounts receivable, net$244,164 $228,410 $15,754 
Contract liabilities (1)
451,423 462,693 (11,270)
Contract liabilities (included in Other long-term liabilities)$17,230 $16,725 $505 
(1)
The sales return reserve recorded in Contract liabilities is $11.8 million and $15.1 million as of April 30, 2026 and April 30, 2025, respectively. See Note 2, “Summary of Significant Accounting Policies, Recently Issued, and Recently Adopted Accounting Standards” for further details of the sales return reserve.
Schedule of Capitalized Contract Cost
We recorded amortization expense related to these assets within Cost of sales on the Consolidated Statements of Income (Loss) as follows:
For the Years Ended April 30,
202620252024
Amortization expense$1,324 $1,385 $4,527 
Schedule of Shipping and Handling Cost Costs incurred for third-party shipping and handling are primarily reflected in Operating and administrative expenses on the Consolidated Statements of Income (Loss) and were incurred as follows:
For the Years Ended April 30,
202620252024
Shipping and handling costs$23,122 $23,644 $25,853