New Oriental Education & Technology Group Inc. (EDU) income statement
NYSE · Consumer Defensive · Education & Training Services · 81,054 employees · CEO Chenggang Zhou
- Price
- $53.28
- Market cap
- $8.26B
- Enterprise value
- $6.91B Data as of 2026-11-14
- Last report
- Q1 '27 filed 2026-10-28
- Next report
- 2027-01-27 EPS est. $0.54
New Oriental Education & Technology Group Inc. (EDU) reported revenue of $1.87B for Q1 '27 (+23.1% year on year), operating income of $375M (20.0% of revenue) and net income of $273M. Over the last four quarters revenue was $6.02B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $870M | $1.21B | $1.14B | $1.44B | $1.04B | $1.18B | $1.24B | $1.52B | $1.19B | $1.42B | $1.53B | $1.87B | |
| Cost of revenue | $423M | $645M | $542M | $584M | $498M | $532M | $570M | $638M | $558M | $656M | $718M | $817M | |
| Gross profit | $447M | $563M | $594M | $852M | $540M | $651M | $673M | $885M | $636M | $761M | $813M | $1.06B | |
| Sales & marketing | $155M | $161M | $208M | $194M | $196M | $182M | $212M | $201M | $194M | $199M | $0 | $262M | |
| General & administrative | $271M | $288M | $376M | $365M | $325M | $345M | $411M | $374M | $375M | $382M | $0 | $421M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $58.6M | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $426M | $449M | $584M | $559M | $521M | $527M | $682M | $574M | $569M | $581M | $727M | $683M | |
| Operating income | $21.3M | $113M | $10.5M | $293M | $19.3M | $125M | -$8.67M | $311M | $66.4M | $180M | $85.9M | $375M | |
| Other non-operating income (gains on investments, FX ...) | -$22.3M | -$5.06M | -$23.6M | -$27.4M | -$27.2M | -$17.7M | -$60.3M | -$28.3M | -$14.5M | -$14.3M | $0 | $0 | |
| Total non-operating income | $22.3M | $5.06M | $23.6M | $27.4M | $27.2M | $17.7M | $21.5M | $28.3M | $14.5M | $14.3M | $12.6M | $13.6M | |
| Income before tax | $43.7M | $118M | $34.2M | $321M | $46.5M | $142M | $12.9M | $340M | $80.9M | $195M | $98.5M | $388M | |
| Income tax | $8.93M | $32.7M | $5.53M | $77.6M | $14.6M | $52.6M | $1.54M | $91.7M | $24.5M | $54.7M | $25.4M | $105M | |
| Net income | $30.1M | $87.2M | $27M | $245M | $31.9M | $87.3M | $7.12M | $241M | $45.5M | $127M | $62.3M | $273M | |
| EPS (basic) | $0.18 | $0.53 | $0.16 | $1.50 | $0.19 | $0.54 | $0.05 | $1.50 | $0.29 | $0.81 | $0.40 | $1.80 | |
| EPS (diluted) | $0.18 | $0.52 | $0.16 | $1.50 | $0.19 | $0.54 | $0.05 | $1.50 | $0.28 | $0.80 | $0.39 | $1.70 | |
| Shares (basic, weighted) | 166M | 165M | 165M | 165M | 165M | 161M | 159M | 159M | 159M | 158M | 156M | 155M | |
| Shares (diluted, weighted) | 167M | 167M | 167M | 166M | 166M | 162M | 159M | 160M | 160M | 160M | 158M | 157M | |
| Depreciation & amortization | $30.7M | $30.7M | $107M | $26.7M | $26.7M | $26.7M | $146M | $36.5M | $0 | $0 | $0 | $0 | |
| EBITDA | $74.3M | $149M | $141M | $347M | $73.2M | $169M | $198M | $376M | $80.9M | $195M | $85.9M | $375M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.45B | $3.1B | $3.58B | $4.28B | $3.11B | $3B | $4.31B | $4.9B | $5.68B | |
| Cost of revenue | $750M | $1.07B | $1.38B | $1.59B | $2.04B | $1.75B | $1.41B | $2.05B | $2.18B | $2.58B | |
| Gross profit | $1.05B | $1.38B | $1.72B | $1.99B | $2.24B | $1.35B | $1.59B | $2.26B | $2.72B | $3.1B | |
| Sales & marketing | $233M | $324M | $384M | $445M | $601M | $467M | $445M | $661M | $784M | $0 | |
| General & administrative | $555M | $794M | $1.03B | $1.15B | $1.49B | $1.87B | $954M | $1.25B | $1.45B | $0 | |
| Other operating expenses | $0 | $0 | $0 | $0 | $31.8M | $0 | $0 | $0 | $56M | $0 | |
| Operating expenses | $788M | $1.12B | $1.42B | $1.59B | $2.12B | $2.33B | $1.4B | $1.91B | $2.29B | $2.46B | |
| Operating income | $262M | $263M | $306M | $399M | $117M | -$983M | $190M | $350M | $428M | $646M | |
| Interest income | $61.4M | $84.8M | $97.5M | $116M | $142M | $124M | $114M | $154M | $120M | $0 | |
| Interest expense | $0 | $0 | $1.62M | $4.63M | $6.75M | $4.05M | $707K | $298K | $311K | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$68.6M | -$94.1M | -$11.9M | -$93.5M | -$204M | $45.9M | -$112M | -$84.8M | -$60.3M | $0 | |
| Total non-operating income | $65.3M | $94.1M | $8.03M | $90.2M | $196M | -$101M | $111M | $84.5M | $93.9M | $69.8M | |
| Income before tax | $327M | $357M | $314M | $489M | $314M | -$1.08B | $301M | $435M | $522M | $715M | |
| Income tax | $50.6M | $59.4M | $85.7M | $134M | $83.6M | $136M | $66.1M | $110M | $146M | $197M | |
| Net income | $274M | $296M | $238M | $413M | $334M | -$1.19B | $177M | $310M | $372M | $477M | |
| EPS (basic) | $1.70 | $1.90 | $1.50 | $2.60 | $2.00 | -$7.00 | $1.10 | $1.90 | $2.30 | $3.00 | |
| EPS (diluted) | $1.70 | $1.90 | $1.50 | $2.60 | $2.00 | -$7.00 | $1.00 | $1.80 | $2.30 | $3.00 | |
| Shares (basic, weighted) | 158M | 158M | 158M | 158M | 165M | 170M | 168M | 165M | 162M | 158M | |
| Shares (diluted, weighted) | 158M | 159M | 159M | 160M | 165M | 170M | 169M | 167M | 162M | 158M | |
| Depreciation & amortization | $55.4M | $79M | $114M | $151M | $226M | $194M | $123M | $107M | $146M | $0 | |
| EBITDA | $386M | $436M | $431M | $643M | $547M | -$834M | $425M | $542M | $634M | $646M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-14