New Oriental Education & Technology Group Inc.

New Oriental Education & Technology Group Inc. Earnings Recaps

EDU Consumer Staples 3 recaps
Q3 2026 Apr 22, 2026

New Oriental reported robust Q3 FY2026 revenue growth of nearly 20%, driven by core education services and strategic new initiatives, with margins expanding amid ongoing digital and product innovation.

Key takeaways
  • Total revenue rose 19.8% YoY to $1.417 billion, supported by strong performance in adult, university, and new education segments.
  • Non-GAAP operating income increased 42.8% to $203 million; non-GAAP net income grew 34.3% to $152 million, reflecting operational efficiency.
  • New initiatives, including non-academic tutoring and intelligent learning devices, contributed 23% revenue growth, with expanding market penetration in top-tier cities.
  • Online-merge-offline platform investments totaled $30.6 million, enhancing personalized learning through AI-driven technology.
  • The company unveiled "New Oriental Home," a unified family platform targeting comprehensive household education and cultural experiences, signaling a strategic shift to full family lifecycle services.
Full recap
Q2 2026 Jan 28, 2026

New Oriental Education & Technology Group Inc. reported robust fiscal second quarter results, with total net revenue increasing by 14.7% to $1.19 billion and non-GAAP net income surging by an impressive 6068.6% year over year.

Key takeaways
  • Non-GAAP operating income tripled, up 206.9% to $89.1 million, driven by improved operational efficiency.
  • New educational initiatives, including K-9 and high school tutoring, demonstrated strong revenue growth, exceeding previous expectations.
  • Overseas-related businesses showed resilience, with the overseas test prep segment achieving 4% revenue growth amid challenging macroeconomic conditions.
  • Investments in AI and an online merging offline (OMO) teaching platform continue to enhance service offerings and operational efficiencies.
  • The integrated tourism-related business expanded significantly, contributing over 50% of total revenue in top-tier cities.
Full recap
Q4 2025 Jul 30, 2025

New Oriental's Q4 FY 2025 results surpassed expectations, driven by strong revenue growth across new and core business segments, alongside improved operational efficiency.

Key takeaways
  • Total net revenue excluding East Buy increased 18.7% year-over-year, highlighting robust expansion in new ventures.
  • Non-GAAP operating margin improved to 6.5%, up 410 basis points year-over-year, due to effective cost management.
  • Revenue from the integrated tourism-related business surged 71% year-over-year, bolstered by K-12 and university student offerings.
  • New educational initiatives delivered a 33% revenue increase year-over-year, with strong performance in non-academic tutoring and intelligent learning systems.
  • Continued investments in AI-driven solutions and OMO teaching platforms to enhance learning experiences and operational efficiency.
Full recap