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MARKETS / NYSE / EDU
NYSE · SERVICES-EDUCATIONAL SERVICES · LARGE CAP

New Oriental Education & Technology Group Inc. EDU

17 fiscal years on record · USD · FY2024 reported · SEC filings only
$4.9B
▲ 13.6% YoY
$371.7M
▲ 20.1% YoY
$654.7M
▼ 25.0% YoY
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 4.9B
Revenue, FY2024 · full 17-year series below
Revenue $B Net income $B
FY2024 · Revenue 4.9 · Net income 0.4
2.0B4.0B-0.4B-0.8B200820102012201420162018202020222024
Compound annual growth
+16.4%
+6.5%
+14.7%
+18.5%
−2.1%
+6.8%
+11.0%
+28.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.5% a year over five years.

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
8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 8.7% · Net 7.7%
10%20%-10%-20%-30%200820102012201420162018202020222024
ROE
FY2024 · ROE 10.0%
10%20%-10%-20%200820102012201420162018202020222024

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders
USD 530.7M
returned in FY2024 · dividends + net buybacks
Free cash flow $B
FY2024 · FCF 0.7
0.4B0.8B-0.5B-1.0B200820102012201420162018202020222024
Net buybacks $M Dividends $M
FY2024 · Dividends 98.2 · Net buybacks 432.5
200M400MDividendsNet buybacks2012201320152017202220232024

USD 98.2M in dividends and USD 432.5M in buybacks — 143% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 7.8B
EquityUSD 3.7B
CashUSD 1.6B
Current ratio1.58×

Equity funds 47% of total assets.

The 17-year record
17 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
Metric 20242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.94.33.03.14.33.63.12.41.81.51.21.11.00.80.50.40.3
Operating income $B0.40.40.2−1.00.10.40.30.30.30.20.20.20.10.10.10.10.1
EBITDA $B0.60.50.3−0.80.30.50.40.30.30.20.20.20.20.10.10.10.1
Income tax $B0.10.10.10.10.10.10.10.10.10.00.00.00.00.00.00.00.0
Net income $B0.40.30.2−1.20.30.40.20.30.30.20.20.20.10.10.10.10.1
Free cash flow $B0.70.90.8−1.40.70.50.50.60.50.50.30.30.20.20.20.10.1
EPS, diluted $·············0.850.650.500.40
Dividend / sh $·················
Payout %26······24·28·2534····
ROE %10.08.44.9−27.68.716.210.916.117.817.117.222.917.621.020.318.2·
Shares out B1.581.651.641.701.691.590.160.160.160.160.160.160.160.160.160.16·

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

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Provenance
Company facts, as filed
How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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