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New Oriental Education & Technology Group Inc. EDU

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.7B
▲ 15.5% YoY
$475.2M
▲ 27.8% YoY
$780.2M
▲ 19.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

New Oriental Education & Technology Group Inc. provides a wide variety of educational programs, services and products, and conducts the sale of private label products and livestreaming e-commerce business through East Buy. As of May 31, 2025, it operated a physical network of 77 schools and 1,241 learning centers in 70 cities and employed approximately 41,000 teachers. Its educational program, service and product offerings include five major areas: test preparation courses, non-academic tutoring, intelligent learning systems and devices, overseas study consulting services, and educational materials and distribution. It began offering TOEFL preparation courses in 1993. In the fiscal year ended May 31, 2025, its test preparation courses had approximately 1,102,000 student enrollments. In the fiscal year ended May 31, 2025, its non-academic tutoring courses had approximately 2,804,000 student enrollments. Its total GMV from all sales channels, including Douyin, Taobao and the East Buy App, amounted to RMB14.3 billion and RMB8.7 billion for fiscal year 2024 and 2025, respectively.

Written from the business description in New Oriental Education & Technology Group Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 September 2025. Every sentence was checked against that document before publication.

Growth

USD 5.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.7 · Net income 0.5
2.0B4.0B-0.5B-1.0B
2008201120142017202020232025
Compound annual growth
+23.6%
+5.8%
+14.4%
+17.0%
+38.9%
+7.3%
+7.8%
+10.8%
+28.6%
+21.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.8% a year over the five years to FY2025 — but profit grew faster: net income at +7.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 11.4% · Net 9.1%
10%20%-10%-20%-30%
200820162025
ROE
FY2025 · ROE 12.4%
10%20%-10%-20%
200820162025
Three returns, three denominators.

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 321.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.8
0.4B0.8B-1.0B-2.0B
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 96.4 · Net buybacks 225.2
200M400MDividendsNet buybacks
20122013201520172022202320242025

USD 96.4M in dividends and USD 225.2M in buybacks — 68% of the year's profit went back to shareholders.

Total assetsUSD 8.8B
EquityUSD 4.0B
CashUSD 1.8B
Current ratio1.50×

Equity funds 45% of total assets.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
EDU, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B5.74.94.33.03.14.33.63.12.41.81.51.21.11.00.80.50.40.3
Operating income $B0.60.40.40.2−1.00.10.40.30.30.30.20.20.20.10.10.10.10.1
EBITDA $B0.80.60.50.3−0.80.30.50.40.30.30.20.20.20.20.10.10.10.1
Income tax $B0.20.10.10.10.10.10.10.10.10.10.00.00.00.00.00.00.00.0
Net income $B0.50.40.30.2−1.20.30.40.20.30.30.20.20.20.10.10.10.10.1
Free cash flow $B0.80.70.90.8−1.40.70.50.50.60.50.50.30.30.20.20.20.10.1
EPS, diluted $◌◌◌◌◌◌◌◌◌◌◌◌◌◌0.850.650.500.40
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %2026——————24—28—2534————
ROE %12.410.08.44.9−27.68.716.210.916.117.817.117.222.917.621.020.320.017.4
Shares out B1.551.581.651.641.701.690.160.160.160.160.160.160.160.160.160.160.16◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 56 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Educational Services
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsMay 31
Data on record since2008

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