NYSE · Financial Statements

New Oriental Education & Technology Group Inc. (EDU) Financial Statements

$48.55 NYSE: EDU Market Cap $7.73B

New Oriental Education & Technology Group Inc. most recently reported annual revenue of $4.9B, net profit of $372.0M. Revenue grew at an average annual rate of 6.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

New Oriental Education & Technology Group Inc.: Revenue rose from $1.5B in 2016 to $4.9B in 2025, a change of +231.5% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 13.4% to 8.7%, a shift of -4.7 percentage points; the most recent year shows net profit of $372.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.5B$1.8B$2.4B$3.1B$3.6B$4.3B$3.1B$3.0B$4.3B$4.9B
Operating Expenses$1.3B$1.5B$2.2B$2.8B$3.2B$4.2B$4.1B$2.8B$4.0B$4.5B
Operating Profit$199.0M$262.0M$263.0M$306.0M$399.0M$117.0M$-983.0M$190.0M$350.0M$428.0M
Operating Margin13.4%14.6%10.7%9.9%11.2%2.7%-31.6%6.3%8.1%8.7%
Other Income$64.0M$65.0M$94.0M$8.0M$90.0M$196.0M$-101.0M$111.0M$84.0M$94.0M
Interest$0$0$0$2.0M$5.0M$7.0M$4.0M$1.0M$0$0
Depreciation$48.0M$55.0M$79.0M$114.0M$151.0M$230.0M$194.0M$123.0M$107.0M$107.0M
Profit Before Tax$263.0M$327.0M$357.0M$314.0M$489.0M$314.0M$-1.1B$301.0M$435.0M$522.0M
Tax$14.3M$15.5M$16.6M$27.3M$27.5M$26.6M$-12.6M$21.9M$25.2M$28.0M
Net Profit$225.0M$274.0M$296.0M$238.0M$413.0M$334.0M$-1.2B$177.0M$310.0M$372.0M
EPS$1.40$1.70$1.90$1.50$2.60$2.00$-7.00$1.00$1.80$2.30
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$861.0M$1.1B$870.0M$1.2B$1.1B$1.4B$1.0B$1.2B$1.2B$1.5B$1.2B$1.4B
Operating Expenses$813.0M$895.0M$848.0M$1.1B$1.1B$1.1B$1.0B$1.1B$1.3B$1.2B$1.1B$1.2B
Operating Profit$48.0M$205.0M$21.0M$113.0M$11.0M$293.0M$19.0M$125.0M$-9.0M$311.0M$66.0M$180.0M
Operating Margin5.6%18.6%2.5%9.4%0.9%20.4%1.9%10.5%-0.7%20.4%5.6%12.7%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$59.0M$239.0M$44.0M$118.0M$34.0M$321.0M$46.0M$142.0M$13.0M$340.0M$81.0M$195.0M
Tax$32.8M$26.2M$20.4M$27.6M$16.2M$24.2M$31.5M$37.0M$11.9M$27.0M$30.3M$28.1M
Net Profit$29.0M$165.0M$30.0M$87.0M$27.0M$245.0M$32.0M$87.0M$7.0M$241.0M$46.0M$127.0M
EPS$0.17$0.99$0.18$0.52$0.16$1.50$0.19$0.54$0.05$1.50$0.28$0.80

Over the 10 years reported for New Oriental Education & Technology Group Inc., cash stood at $1.6B in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 1.58 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.4B$2.9B$4.0B$4.6B$6.6B$10.2B$6.0B$6.4B$7.5B$7.8B
Current Assets$1.9B$2.3B$2.9B$3.5B$3.8B$6.6B$4.5B$4.4B$5.4B$5.2B
Cash$709.0M$641.0M$983.0M$1.4B$915.0M$1.6B$1.1B$1.7B$1.4B$1.6B
Inventory$27.0M$32.0M$40.0M$29.0M$31.0M$31.0M$28.0M$53.0M$93.0M$81.0M
Receivables$4.0M$3.0M$3.0M$3.0M$4.0M$118.0M$125.0M$137.0M$194.0M$190.0M
Fixed Assets$238.0M$283.0M$450.0M$532.0M$2.1B$2.7B$934.0M$799.0M$1.2B$1.6B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.2B$1.7B$2.2B$2.2B$3.0B$5.2B$3.5B$3.2B$3.9B$3.7B
Other Assets$11.0M$14.0M$32.0M$80.0M$80.0M$73.0M$71.0M$106.0M$104.0M$44.0M
Total Liabilities$920.0M$1.2B$1.8B$2.1B$3.7B$5.1B$2.2B$2.6B$3.5B$3.9B
Current Liabilities$918.0M$1.2B$1.8B$2.0B$2.5B$3.5B$1.7B$2.3B$3.0B$3.3B
Borrowings$0$0$0$96.0M$1.6B$2.2B$680.0M$459.0M$662.0M$804.0M
Other Liabilities$920.0M$1.2B$1.8B$2.0B$2.1B$3.0B$1.6B$2.1B$2.8B$3.0B
Equity$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$1.4B$1.7B$2.0B$2.4B$2.7B$4.9B$3.7B$3.6B$3.8B$3.7B

For New Oriental Education & Technology Group Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $637.0M; free cash flow was positive in 9 of 10 years; financing activities used $487.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$518.0M$618.0M$781.0M$806.0M$804.0M$1.1B$-1.3B$971.0M$1.1B$897.0M
Investing Cash Flow$-374.0M$-778.0M$-626.0M$-852.0M$-1.6B$-2.6B$1.0B$-180.0M$-1.4B$-353.0M
Financing Cash Flow$66.0M$4.0M$-4.0M$-63.0M$-38.0M$-36.0M$-9.0M$-196.0M$-160.0M$-487.0M
Net Cash Flow$178.0M$-67.0M$342.0M$431.0M$-499.0M$713.0M$-438.0M$611.0M$-216.0M$228.0M
Free Cash Flow$453.0M$512.0M$562.0M$529.0M$495.0M$694.0M$-1.4B$828.0M$839.0M$637.0M

Valuation & Return Ratios

MetricValue
PEG Ratio2.21
EV / EBITDA9.03
FCF Yield9.83%
Quick Ratio1.63
Interest Coverage—
Return 1Y9.53%
Return 3Y-3.69%
Return 5Y167.68%

New Oriental Education & Technology Group Inc. (EDU) financials — frequently asked questions

What is New Oriental Education & Technology Group Inc.'s annual revenue?

New Oriental Education & Technology Group Inc. (EDU) reported annual revenue of $4.9B in its most recent fiscal year.

What is New Oriental Education & Technology Group Inc.'s net profit?

New Oriental Education & Technology Group Inc. (EDU) reported net profit of $372.0M in its most recent fiscal year.

What is EDU EV/EBITDA?

New Oriental Education & Technology Group Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 9.03.

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