v3.26.1
Revenue Recognition, Contracts with Customers (Tables)
 3 Months Ended
Jul. 31, 2026
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,
20262025
Research:
Research Publishing$258,886 $231,827 
Research Solutions34,604 49,865 
Total Research293,490 281,692 
 
Learning:
Academic44,741 55,472 
Professional48,130 59,636 
Total Learning92,871 115,108 
 
Total Revenue$386,361 $396,800 
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, 2026April 30, 2026(Decrease)/
Increase
Balances from contracts with customers:
Accounts receivable, net$210,729 $244,164 $(33,435)
Contract liabilities (1)
$384,278 $451,423 $(67,145)
Contract liabilities (included in Other long-term liabilities)$17,893 $17,230 $663 
(1)
The sales return reserve recorded in Contract liabilities is $11.9 million and $11.8 million, as of July 31, 2026 and April 30, 2026, respectively.
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 (Loss) Income and were incurred as follows:
Three Months Ended
July 31,
20262025
Shipping and handling costs$5,468 $5,580