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Segment Information (Tables) | 12 Months Ended
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Apr. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present a summary of our Adjusted Operating Income (Loss) by segment, and the reconciliation to Income (loss) before taxes:
| For the Year Ended April 30, 2026 |
| Research |  | Learning |  |  |  | Total |
Revenue | $ | 1,129,942 |  |  | $ | 546,586 |  |  |  |  | $ | 1,676,528 |  |
Cost of sales | 303,702 |  |  | 127,807 |  |  |  |  | 431,509 |  |
Direct expenses | 331,192 |  |  | 136,301 |  |  |  |  | 467,493 |  |
Allocated Corporate expenses | 167,578 |  |  | 107,909 |  |  |  |  | 275,487 |  |
Amortization of intangible assets | 44,866 |  |  | 8,184 |  |  |  |  | 53,050 |  |
Adjusted Operating Income by segment(1) | $ | 282,604 |  |  | $ | 166,385 |  |  |  |  | $ | 448,989 |  |
Reconciliation of Adjusted Operating Income by segment to Income before taxes |  |  |  |  |  |  |  |
Adjusted unallocated Corporate expenses(2) |  |  |  |  |  |  | (152,819) |  |
Restructuring and related charges(3) |  |  |  |  |  |  | (19,203) |  |
Interest expense |  |  |  |  |  |  | (43,848) |  |
Net foreign exchange transaction losses |  |  |  |  |  |  | (6,564) |  |
Net loss on sale of businesses, assets, and impairment charges related to assets held-for-sale |  |  |  |  |  |  | (4,828) |  |
Other expense, net |  |  |  |  |  |  | (6,533) |  |
Legal settlement(4) |  |  |  |  |  |  | (108) |  |
Income before taxes |  |  |  |  |  |  | $ | 215,086 |  |
| For the Year Ended April 30, 2025 |
| Research |  | Learning |  | Held for Sale or Sold |  | Total |
Revenue | $ | 1,075,459 |  |  | $ | 584,768 |  |  | $ | 17,382 |  |  | $ | 1,677,609 |  |
Cost of sales | 278,867 |  |  | 144,758 |  |  | 7,755 |  |  | 431,380 |  |
Direct expenses | 336,484 |  |  | 142,204 |  |  | 10,365 |  |  | 489,053 |  |
Allocated Corporate expenses | 160,959 |  |  | 114,703 |  |  | 2,840 |  |  | 278,502 |  |
Amortization of intangible assets | 43,569 |  |  | 8,253 |  |  | — |  |  | 51,822 |  |
Adjusted Operating Income (Loss) by segment | $ | 255,580 |  |  | $ | 174,850 |  |  | $ | (3,578) |  |  | $ | 426,852 |  |
Reconciliation of Adjusted Operating Income by segment to Income before taxes |  |  |  |  |  |  |  |
Adjusted unallocated Corporate expenses(2) |  |  |  |  |  |  | (179,882) |  |
Restructuring and related charges(3) |  |  |  |  |  |  | (25,561) |  |
Interest expense |  |  |  |  |  |  | (52,547) |  |
Net foreign exchange transaction losses |  |  |  |  |  |  | (8,142) |  |
Net loss on sale of businesses, assets, and impairment charges related to assets held-for-sale |  |  |  |  |  |  | (23,340) |  |
Other income, net |  |  |  |  |  |  | 5,498 |  |
Income before taxes |  |  |  |  |  |  | $ | 142,878 |  |
| For the Year Ended April 30, 2024 |
| Research |  | Learning |  | Held for Sale or Sold |  | Total |
Revenue | $ | 1,042,705 |  |  | $ | 574,739 |  |  | $ | 255,543 |  |  | $ | 1,872,987 |  |
Cost of sales | 281,109 |  |  | 145,054 |  |  | 153,559 |  |  | 579,722 |  |
Direct expenses | 323,392 |  |  | 145,514 |  |  | 48,127 |  |  | 517,033 |  |
Allocated Corporate expenses | 155,495 |  |  | 132,394 |  |  | 23,142 |  |  | 311,031 |  |
Amortization of intangible assets | 44,946 |  |  | 9,044 |  |  | 2,004 |  |  | 55,994 |  |
Adjusted Operating Income by segment | $ | 237,763 |  |  | $ | 142,733 |  |  | $ | 28,711 |  |  | $ | 409,207 |  |
Reconciliation of Adjusted Operating Income by segment to Income before taxes |  |  |  |  |  |  |  |
Adjusted unallocated Corporate expenses(2) |  |  |  |  |  |  | (185,456) |  |
Impairment of goodwill(3) |  |  |  |  |  |  | (108,449) |  |
Restructuring and related charges(3) |  |  |  |  |  |  | (63,041) |  |
Interest expense |  |  |  |  |  |  | (49,003) |  |
Net foreign exchange transaction losses |  |  |  |  |  |  | (2,959) |  |
Net loss on sale of businesses, assets, and impairment charges related to assets held-for-sale |  |  |  |  |  |  | (183,389) |  |
Other expense, net |  |  |  |  |  |  | (3,957) |  |
Loss before taxes |  |  |  |  |  |  | $ | (187,047) |  |
(1) | Our Held for Sale or Sold segment is excluded from the segment results as all businesses within this segment were sold prior to the start of the reporting period presented. See Note 4, “Acquisition and Divestitures” for more details on the divestitures.
(2) | Corporate expenses include certain costs that are not allocated to the reportable segments.
(3) | See Note 7, “Restructuring and Related Charges” and Note 11, “Goodwill and Intangible Assets” for more information of these charges by segment.
(4) | In the year ended April 30, 2026, we settled a litigation matter related to consideration for a previous acquisition for $0.1 million which is included in Corporate Operating and administrative expenses.
See Note 3, “Revenue Recognition, Contracts with Customers,” for revenue from contracts with customers disaggregated by segment and product type for the years ended April 30, 2026, 2025, and 2024. Depreciation and amortization expense were as follows:
|  |  |  |  | For the Years Ended April 30, |
|  |  |  |  | 2026 |  | 2025 |  | 2024 |
Research |  |  |  |  | $ | 92,472 |  |  | $ | 89,302 |  |  | $ | 93,422 |  |
Learning |  |  |  |  | 41,148 |  |  | 43,900 |  |  | 57,696 |  |
Held for Sale or Sold |  |  |  |  | — |  |  | — |  |  | 3,437 |  |
Total depreciation and amortization |  |  |  |  | $ | 133,620 |  |  | $ | 133,202 |  |  | $ | 154,555 |  |
Corporate depreciation and amortization |  |  |  |  | 9,857 |  |  | 13,924 |  |  | 22,434 |  |
Total depreciation and amortization |  |  |  |  | $ | 143,477 |  |  | $ | 147,126 |  |  | $ | 176,989 |  |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Revenue from external customers by geographical area was as follows:
| For the Years Ended April 30, |
| 2026 |  | 2025 |  | 2024 |
United States | $ | 854,540 |  |  | $ | 848,575 |  |  | $ | 988,129 |  |
United Kingdom | 490,431 |  |  | 498,934 |  |  | 520,418 |  |
Germany | 192,291 |  |  | 183,044 |  |  | 172,855 |  |
Other countries | 139,266 |  |  | 147,056 |  |  | 191,585 |  |
Total | $ | 1,676,528 |  |  | $ | 1,677,609 |  |  | $ | 1,872,987 |  |
Total long-lived assets, consisting of technology, property and equipment, net and operating lease ROU assets by geographical area as of April 30 were as follows:
| 2026 |  | 2025 |  | 2024 |
United States | $ | 157,172 |  |  | $ | 185,610 |  |  | $ | 213,192 |  |
United Kingdom | 21,187 |  |  | 25,315 |  |  | 27,584 |  |
Other countries | 15,029 |  |  | 17,328 |  |  | 20,736 |  |
Total | $ | 193,388 |  |  | $ | 228,253 |  |  | $ | 261,512 |  |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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