New Oriental Education and Technology Group Inc (EDU)

New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2026April 22, 2026 5:00 AM
PR Newswire (US)

BEIJING, April 22, 2026 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 28, 2026, which is the third quarter of New Oriental's fiscal year 2026.Financial Highlights for the Third Fiscal Quarter Ended February 28, 2026Total net revenues increased by 19.8% year over year to US$1,417.3 million for the third fiscal quarter of 2026. Operating income increased by 44.8% year over year to US$180.3 million for the third fiscal quarter of 2026.Net income attributable to New Oriental increased by 45.3% year over year to US$126.8 million for the third fiscal quarter of 2026.Key Financial Results(in thousands US$, except per ADS(1) data)3Q FY20263Q FY2025% of 
changeNet revenues1,417,3411,183,05519.8 %Operating income180,320124,51944.8 %Non-GAAP operating income (2)(3)202,885142,05642.8 %Net income attributable to New Oriental126,81587,25545.3 %Non-GAAP net income attributable to New Oriental (2)(3)152,183113,34434.3 %Net income per ADS attributable to New Oriental - basic0.800.5448.7 %Net income per ADS attributable to New Oriental - diluted0.790.5447.7 %Non-GAAP net income per ADS attributable to New Oriental - basic (2)(3)(4)0.970.7037.4 %Non-GAAP net income per ADS attributable to New Oriental - diluted (2)(3)(4)0.950.7036.5 %



(in thousands US$, except per ADS(1) data)9M FY20269M FY2025% of
changeNet revenues4,131,7623,657,10713.0 %Operating income557,454436,92427.6 %Non-GAAP operating income (2)(3)627,558472,55032.8 %Net income attributable to New Oriental412,990364,61613.3 %Non-GAAP net income attributable to New Oriental (2)(3)483,346418,98815.4 %Net income per ADS attributable to New Oriental - basic2.612.2416.5 %Net income per ADS attributable to New Oriental - diluted2.582.2216.0 %Non-GAAP net income per ADS attributable to New Oriental - basic (2)(3)(4)3.052.5718.7 %Non-GAAP net income per ADS attributable to New Oriental - diluted (2)(3)(4)3.022.5518.2 % (1) Each ADS represents ten common shares. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.(2) GAAP represents Generally Accepted Accounting Principles in the United States of America.(3) New Oriental provides non-GAAP financial measures on net income attributable to New Oriental, operating income and net income per ADS attributable to New Oriental that exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, (gain) /loss from fair value change of investments, loss from equity method investments, impairment of long-term investments, impairment of goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments. For further details on these adjustments, please refer to the section titled "About Non-GAAP Financial Measures" and the tables captioned "Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures" set forth at the end of this release.(4) The Non-GAAP net income per ADS attributable to New Oriental is computed using Non-GAAP net income attributable to New Oriental and the same number of shares and ADSs used in GAAP basic and diluted EPS calculation.Operating Highlights for the Third Fiscal Quarter Ended February 28, 2026Michael Yu, New Oriental's Executive Chairman, commented, "We are pleased to share of continued acceleration in our revenue growth year over year in the third fiscal quarter of 2026. Revenues from overseas test preparation increased by approximately 7.4%. In addition, our domestic test preparation business targeting adults and university students grew by approximately 14.5% year over year, followed by a growth of 23.3% year over year for our new educational business initiatives. Our non-academic tutoring courses was rolled out in around 60 cities, attracting approximately 458,000 student enrollments this quarter. Concurrently, our intelligent learning system and devices were adopted in around 60 cities, with approximately 367,000 active paid users. We are sharpening our focus on our core education business, prioritizing enhancements of teaching standards and product quality. Simultaneously, we will optimize our cost structure and operational efficiency to drive high-quality, efficient, and sustainable growth. We have also established a comprehensive customer service system spanning all departments, which now serves over 330,000 families in 12 cities. This infrastructure strengthens customer loyalty and retention, unlocks cross-selling potential, maximizes customer lifetime value all while lowering both customer acquisition and marketing costs. We remain committed to enhancing our brand influence and creating long-term value for our customers and shareholders."Chenggang Zhou, New Oriental's Chief Executive Officer, added, "In this fiscal quarter, we continued to execute our strategy of disciplined capacity expansion, balancing revenue growth with operational efficiency. As part of our ongoing commitment, we further enhanced our OMO teaching system and deepened AI integration across our education ecosystem. This quarter, we made notable progress in embedding AI into existing educational offerings, refining AI-powered products, and deploying AI to improve operational efficiency and support for our teaching staff. In addition, East Buy remains committed to offering premium products and exceptional services to Chinese families. We launched multiple live-streaming accounts on Douyin, creating a comprehensive multi-account matrix including East Buy Home, East Buy Fruit & Vegetables, East Buy Nutrition & Health, followed by other vertical channels. We also optimized live-streaming content and introduced innovative initiatives such as live streamer recruitment campaign and supplier conferences. East Buy will continue advancing private label development, membership ecosystem, offline expansion, and operational efficiency to drive sustainable long-term growth."Stephen Zhihui Yang, New Oriental's Executive President and Chief Financial Officer, commented, "We are encouraged by the continued year over year improvement in our Non-GAAP operating margin in this quarter. This was primarily driven by enhanced operational efficiency and improved utilization within our educational business. We recorded a quarterly Non-GAAP operating margin of 14.3%, up by 230 basis points compared to the same period last fiscal year. Looking ahead, we remain committed to executing the cost and efficiency initiatives already underway across key business lines. Targeted structural optimizations have enabled fixed cost reduction and driven greater operational efficiency, steadily elevating our operating profit margins and strengthening our foundation for sustainable, profitable growth."Update on Shareholder Return for the Fiscal Year 2026In October 2025, the Company announced that, pursuant to its previously adopted three-year shareholder return plan, the board of directors had approved an ordinary dividend of US$0.12 per common share, or US$1.20 per ADS, to be distributed in two installments as part of the shareholder return for the fiscal year 2026. The first installment has been fully paid to shareholders and ADS holders. The board has now approved the payment of the second installment of US$0.06 per common share, or US$0.6 per ADS, to holders of common shares and holders of ADSs of record as of the close of business on May 15, 2026, Beijing/Hong Kong Time and New York Time, respectively, with the expected payment date to be on or around June 2, 2026 and June 5, 2026 for holders of common shares and holders of ADSs, respectively.For holders of common shares, in order to qualify for the second installment of the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on May 15, 2026 (Beijing/Hong Kong Time). Dividend to be paid to the Company's ADS holders through the depositary bank will be subject to the terms of the deposit agreement.Additionally, as part of the shareholder return for the fiscal year 2026, the Company also announced in October 2025 a share repurchase program, under which the Company is authorized to repurchase up to US$300 million of its ADSs or common shares over the subsequent 12 months. As of April 21, 2026, the Company had repurchased a total of approximately 3.3 million ADSs for an aggregate consideration of approximately US$184.3 million from the open market under this share repurchase program.Financial Results for the Third Fiscal Quarter Ended February 28, 2026Net RevenuesFor the third fiscal quarter of 2026, New Oriental reported net revenues of US$1,417.3 million, representing a 19.8% increase year over year. The growth was mainly driven by the increase in net revenues from the Company's new educational business initiatives.Operating Costs and ExpensesOperating costs and expenses for the quarter were US$1,237.0 million, representing a 16.9% increase year over year.Cost of revenues increased by 23.4% year over year to US$656.2 million.Selling and marketing expenses increased by 9.1% year over year to US$198.8 million.General and administrative expenses for the quarter increased by 10.8% year over year to US$382.1 million.Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased by 30.9% to US$21.1 million in the third fiscal quarter of 2026.Operating Income and Operating MarginOperating income was US$180.3 million, representing a 44.8% increase year over year. Non-GAAP income from operations for the quarter, excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, was US$202.9 million, representing a 42.8% increase year over year.Operating margin for the quarter was 12.7%, compared to 10.5% in the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, for the quarter was 14.3%, compared to 12.0% in the same period of the prior fiscal year.Net Income and Net Income per ADSNet income attributable to New Oriental for the quarter was US$126.8 million, representing a 45.3% increase year over year. Basic and diluted net income per ADS attributable to New Oriental were US$0.80 and US$0.79, respectively.Non-GAAP Net Income and Non-GAAP Net Income per ADSNon-GAAP net income attributable to New Oriental for the quarter, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions,  (gain)/loss from fair value change of investments, loss from equity method investments, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments, was US$152.2 million, representing a 34.3% increase year over year. Non-GAAP basic and diluted net income per ADS attributable to New Oriental were US$0.97 and US$0.95, respectively.Cash FlowNet operating cash outflow for the third fiscal quarter of 2026 was approximately US$7.5 million and capital expenditures for the quarter were US$68.8 million.Balance SheetAs of February 28, 2026, New Oriental had cash and cash equivalents of US$1,783.4 million. In addition, the Company had US$1,491.7 million in term deposits and US$1,953.2 million in short-term investments.New Oriental's deferred revenue, which represents cash collected upfront from customers and related revenue that will be recognized as the services or goods are delivered, at the end of the third quarter of fiscal year 2026 was US$1,885.9 million, an increase of 7.8% as compared to US$1,749.9 million at the end of the third quarter of fiscal year 2025.Financial Results for the Nine Months Ended February 28, 2026For the first nine months of fiscal year 2026, New Oriental reported net revenues of US$4,131.8 million, representing a 13.0% increase year over year.Operating income was US$557.5 million, representing a 27.6% increase year over year. Non-GAAP operating income, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions for the first nine months of fiscal year 2026 was US$627.6 million, representing a 32.8% increase year over year.Operating margin for the first nine months of fiscal year 2026 was 13.5%, compared to 11.9% for the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, for the first nine months of fiscal year 2026, was 15.2%, compared to 12.9% for the same period of the prior fiscal year.Net income attributable to New Oriental for the first nine months of fiscal year 2026 was US$413.0 million, representing a 13.3% increase year over year. Basic and diluted net income per ADS attributable to New Oriental for the first nine months of fiscal year 2026 amounted to US$2.61 and US$2.58, respectively.Non-GAAP net income attributable to New Oriental, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, (gain)/loss from fair value change of investments, loss from equity method investments, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments, for the first nine months of fiscal year 2026 was US$483.3 million, representing a 15.4% increase year over year. Non-GAAP basic and diluted net income per ADS attributable to New Oriental for the first nine months of fiscal year 2026 amounted to US$3.05 and US$3.02, respectively.Outlook for the Fourth Quarter of the Fiscal Year 2026New Oriental expects total net revenues in the fourth quarter of the fiscal year 2026 (March 1, 2026 to May 31, 2026) to be in the range of US$1,429.6 million to US$1,466.9 million, representing year over year increase in the range of 15% to 18%.  Driven by encouraging growth across various business lines, New Oriental raises the full year guidance of total net revenues in the fiscal year 2026 (June 1, 2025 to May 31, 2026) to be in the range of US$5,561.4 million to US$5,598.7 million, representing a year over year increase in the range of 13% to 14%.This forecast reflects New Oriental's current and preliminary view, which is subject to change. The forecast is based on the current USD/RMB exchange rate, which is also subject to change.Conference Call InformationNew Oriental's management will host an earnings conference call at 8 AM on April 22, 2026, U.S. Eastern Time (8 PM on April 22, 2026, Beijing/Hong Kong Time). Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, and unique personal PIN.Conference call registration link: 
https://register-conf.media-server.com/register/BI2d1b37f83b4645f08b73fdd17af502f3.It will automatically direct you to the registration page of "New Oriental FY2026 Q3 Earnings Conference Call" where you may fill in your details for RSVP.In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s) and personal PIN) provided in the confirmation email received at the point of registering.Joining the conference call via a live webcast:Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.Listening to the conference call replay:A replay of the conference call may be accessed via the webcast on-demand by registering at https://edge.media-server.com/mmc/p/7x5ve8hp first. The replay will be available until April 22, 2027.About New OrientalNew Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares, are listed and traded on the NYSE. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.For more information about New Oriental, please visit http://www.neworiental.org/english/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for the fourth quarter and full year of fiscal year 2026, quotations from management in this announcement, as well as New Oriental's strategic and operational plans, contain forward-looking statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's ability to effectively and efficiently manage changes of its existing business and new business; its ability to execute its business strategies; uncertainties in relation to the interpretation and implementation of or proposed changes to, the PRC laws, regulations and policies regarding the private education industry; its ability to attract students without a significant increase in course fees; its ability to maintain and enhance its "New Oriental" brand; its ability to maintain consistent teaching quality throughout its school network, or service quality throughout its brand; its ability to achieve the benefits it expects from recent and future acquisitions; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector and livestreaming e-commerce business in China; the continuing efforts of its senior management team and other key personnel, health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in its annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.About Non-GAAP Financial MeasuresTo supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, (gain)/loss from fair value change of investments, loss/(gain) from equity method investments, impairment of long-term investments and goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments; operating income excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and impairment of goodwill; operating margin excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and impairment of goodwill; and basic and diluted net income per ADS and per share excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss/(gain) from equity method investments, impairment of long-term investments and goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding from each non-GAAP measure certain items that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP measures is that they exclude from each non-GAAP measure certain items that have been and will continue to be for the foreseeable future a significant recurring expense in its business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.ContactsFor investor and media inquiries, please contact:


Ms. Rita Fong                                           
FTI Consulting                                          
Tel:        +852 3768 4548                             
Email:    rita.fong@fticonsulting.com                  Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel:         +86-10-6260-5568
Email: zhaosisi@xdf.cn
 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)
As of February 28
As of May 312026
2025(Unaudited)
(Audited)
USD
USDASSETS:


Current assets:


Cash and cash equivalents1,783,403
1,612,379Restricted cash, current157,471
180,724Term deposits, current1,065,883
1,092,115Short-term investments1,953,163
1,873,502Accounts receivable, net35,716
33,629Inventory, net86,048
80,884Prepaid expenses and other current assets, net338,542
307,902Amounts due from related parties, current6,872
6,567Total current assets5,427,098
5,187,702



Restricted cash, non-current95,923
24,030Term deposits, non-current425,857
355,665Property and equipment, net826,853
767,346Land use rights, net56,735
54,900Amounts due from related parties, non-current14,159
12,464Long-term deposits55,337
48,815Intangible assets, net9,168
13,020Goodwill, net45,952
43,832Long-term investments, net382,191
388,481Deferred tax assets, net85,603
97,932Right-of-use assets809,409
793,842Other non-current assets10,075
17,470Total assets8,244,360
7,805,499



LIABILITIES AND EQUITY


Current liabilities:


Accounts payable108,509
80,484Accrued expenses and other current liabilities795,005
830,583Income taxes payable215,512
167,881Amounts due to related parties396
405Deferred revenue 1,885,872
1,954,464Operating lease liability, current 273,263
255,997Total current liabilities3,278,557
3,289,814



Deferred tax liabilities14,148
14,174Unsecured senior notes -
14,403Operating lease liabilities, non-current533,707
533,376Total long-term liabilities547,855
561,953



Total liabilities3,826,412
3,851,767



Equity


  New Oriental Education & Technology Group Inc. shareholders' equity4,086,130
3,661,873  Non-controlling interests331,818
291,859Total equity4,417,948
3,953,732



Total liabilities and equity8,244,360
7,805,499







NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands except for per share and per ADS amounts)



For the Three Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USDNet revenues1,417,341
1,183,055



Operating cost and expenses (note 1)


Cost of revenues 656,174
531,586Selling and marketing198,785
182,240General and administrative 382,062
344,710Total operating cost and expenses1,237,021
1,058,536Operating income180,320
124,519Gain/(Loss) from fair value change of investments1,202
(212)Other income, net18,466
29,095Provision for income taxes(54,723)
(52,579)Loss from equity method investments(5,381)
(11,157)Net income139,884
89,666



Net income attributable to non-controlling interests(13,069)
(2,411)Net income attributable to New Oriental Education &
Technology Group Inc.'s shareholders126,815
87,255







Net income per share attributable to New Oriental-Basic
(note 2)0.08
0.05



Net income per share attributable to New Oriental-Diluted
(note 2)0.08
0.05



Net income per ADS attributable to New Oriental-Basic
(note 2)0.80
0.54



Net income per ADS attributable to New Oriental-Diluted
(note 2)0.79
0.54











NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.RECONCILIATIONS OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES(In thousands except for per share and per ADS amounts)


For the Three Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USD



Operating income180,320
124,519Share-based compensation expenses21,092
16,119Amortization of intangible assets resulting from
business acquisitions1,473
1,418Non-GAAP operating income202,885
142,056



Operating margin 12.7 %
10.5 %Non-GAAP operating margin14.3 %
12.0 %



Net income attributable to New Oriental126,815
87,255Share-based compensation expenses20,223
14,151(Gain)/Loss from fair value change of investments(1,202)
212Amortization of intangible assets resulting from
business acquisitions913
882Loss from equity method investments5,381
11,157Gain on disposals of investments and others(36)
(161)Tax effects on Non-GAAP adjustments89
(152)Non-GAAP net income attributable to New Oriental152,183
113,344



Net income per ADS attributable to New Oriental-
Basic (note 2)0.80
0.54Net income per ADS attributable to New Oriental-
Diluted (note 2)0.79
0.54



Non-GAAP net income per ADS attributable to New
Oriental - Basic (note 2)0.97
0.70Non-GAAP net income per ADS attributable to New
Oriental - Diluted (note 2)0.95
0.70



Weighted average shares used in calculating basic
net income per ADS (note 2)1,576,580,766
1,612,894,657Weighted average shares used in calculating
diluted net income per ADS (note 2)1,596,357,200
1,624,843,387



Net income per share - basic0.08
0.05Net income per share - diluted0.08
0.05



Non-GAAP net income per share - basic0.10
0.07Non-GAAP net income per share - diluted0.10
0.07







Notes:



Note 1: Share-based compensation expenses (in thousands) are included in the operating cost and expenses as
follows:




For the Three Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USDCost of revenues211
698Selling and marketing622
1,894General and administrative20,259
13,527Total21,092
16,119



Note 2: Each ADS represents ten common shares.

NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)



For the Three Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USD



Net cash (used in)/provided by operating activities(7,455)
963Net cash provided by investing activities48,717
79,891Net cash used in financing activities(137,988)
(94,581)Effect of exchange rate changes35,385
(8,069)



Net change in cash, cash equivalents and restricted cash(61,341)
(21,796)



Cash, cash equivalents and restricted cash at beginning
of period2,098,138
1,611,073



Cash, cash equivalents and restricted cash at end of
period2,036,797
1,589,277







NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands except for per share and per ADS amounts)



For the Nine Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USDNet revenues4,131,762
3,657,107



Operating cost and expenses (note 1)


Cost of revenues 1,850,856
1,613,419Selling and marketing593,346
572,053General and administrative 1,130,106
1,034,711Total operating cost and expenses3,574,308
3,220,183Operating income557,454
436,924Gain/(Loss) from fair value change of investments7,651
(9,620)Other income, net61,311
99,190Provision for income taxes(170,732)
(144,759)Loss from equity method investments(11,997)
(17,239)Net income443,687
364,496



Net (income)/loss attributable to non-controlling interests(30,697)
120Net income attributable to New Oriental Education &
Technology Group Inc.'s shareholders412,990
364,616







Net income per share attributable to New Oriental-Basic
(note 2)0.26
0.22



Net income per share attributable to New Oriental-
Diluted (note 2)0.26
0.22



Net income per ADS attributable to New Oriental-Basic
(note 2)2.61
2.24



Net income per ADS attributable to New Oriental-Diluted
(note 2)2.58
2.22











NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES(In thousands except for per share and per ADS amounts)


For the Nine Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USD



Operating income557,454
436,924Share-based compensation expenses65,755
31,297Amortization of intangible assets resulting from
business acquisitions4,349
4,329Non-GAAP operating income627,558
472,550



Operating margin 13.5 %
11.9 %Non-GAAP operating margin15.2 %
12.9 %



Net income attributable to New Oriental412,990
364,616Share-based compensation expenses63,084
27,655(Gain) /Loss from fair value change of investments(7,651)
9,620Amortization of intangible assets resulting from
business acquisitions2,696
2,703Loss from equity method investments11,997
17,239Gain on disposals of investments and others(1,516)
(161)Tax effects on Non-GAAP adjustments1,746
(2,684)Non-GAAP net income attributable to New Oriental483,346
418,988



Net income per ADS attributable to New Oriental-
Basic (note 2)2.61
2.24Net income per ADS attributable to New Oriental-
Diluted (note 2)2.58
2.22



Non-GAAP net income per ADS attributable to New
Oriental - Basic (note 2)3.05
2.57Non-GAAP net income per ADS attributable to New
Oriental - Diluted (note 2)3.02
2.55



Weighted average shares used in calculating basic net
income per ADS (note 2)1,584,608,307
1,630,423,658Weighted average shares used in calculating diluted
net income per ADS (note 2)1,599,858,607
1,640,843,710



Net income per share - basic0.26
0.22Net income per share - diluted0.26
0.22



Non-GAAP net income per share - basic0.31
0.26Non-GAAP net income per share - diluted0.30
0.26



Notes:






Note 1: Share-based compensation expenses (in thousands) are included in the operating costs and expenses as
follows:




For the Nine Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USDCost of revenues666
(1,738)Selling and marketing1,918
3,383General and administrative63,171
29,652Total65,755
31,297



Note 2: Each ADS represents ten common shares.  NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)



For the Nine Months Ended February 28
2026
2025
(Unaudited)
(Unaudited)
USD
USD



Net cash provided by operating activities508,331
497,470Net cash used in investing activities(125,576)
(5,136)Net cash used in financing activities(227,433)
(486,494)Effect of exchange rate changes64,342
(5,667)



Net change in cash, cash equivalents and restricted cash219,664
173



Cash, cash equivalents and restricted cash at beginning of
period1,817,133
1,589,104



Cash, cash equivalents and restricted cash at end of period2,036,797
1,589,277   



View original content:https://www.prnewswire.com/news-releases/new-oriental-announces-results-for-the-third-fiscal-quarter-ended-february-28-2026-302750038.htmlSOURCE New Oriental Education and Technology Group Inc.

Original: New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2026

New Oriental to Report Third Quarter 2026 Financial Results on April 22, 2026March 31, 2026 5:00 AM
PR Newswire (US)

BEIJING, March 31, 2026 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the third quarter ended February 28, 2026, before the U.S. market opens on April 22, 2026. New Oriental's management will host an earnings conference call at 8 AM on April 22, 2026, U.S. Eastern Time (8 PM on April 22, 2026, Beijing/Hong Kong Time). Participants can join the conference using the below options:Dialling-in to the conference call:Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, and unique personal PIN.Conference call registration link:
https://register-conf.media-server.com/register/BI2d1b37f83b4645f08b73fdd17af502f3. It will automatically direct you to the registration page of "New Oriental FY2026 Q3 Earnings Conference Call" where you may fill in your details for RSVP.In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s) and personal PIN) provided in the confirmation email received at the point of registering.Joining the conference call via a live webcast:Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.Listening to the conference call replay:A replay of the conference call may be accessed via the webcast on-demand by registering at https://edge.media-server.com/mmc/p/7x5ve8hp first. The replay will be available until April 22, 2027.About New Oriental New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares, are listed and traded on the NYSE. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.For more information about New Oriental, please visit http://www.neworiental.org/english/.ContactsFor investor and media inquiries, please contact:In China:Ms. Sisi Zhao                                                                     Ms. Rita Fong
New Oriental Education and Technology Group Inc.         FTI Consulting                      
Tel:         +86-10-6260-5568                                              Tel:        +852 3768 4548                   
Email:     zhaosisi@xdf.cn                                                 Email:    rita.fong@fticonsulting.com 



View original content:https://www.prnewswire.com/news-releases/new-oriental-to-report-third-quarter-2026-financial-results-on-april-22-2026-302729628.htmlSOURCE New Oriental Education and Technology Group Inc.

Original: New Oriental to Report Third Quarter 2026 Financial Results on April 22, 2026

New Oriental Shares Advance After Earnings Jump on Accelerating Revenue GrowthJanuary 28, 2026 1:47 PM
IH Market News
Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) gained 3.4% on Wednesday after the company posted fiscal second-quarter 2026 results that comfortably topped market expectations, underpinned by strong revenue momentum across its education portfolio.The China-based education group reported adjusted earnings of $0.45 per American Depositary Share (ADS) for the quarter ended November 30, 2025, beating the analyst consensus of $0.34 by around 32%.Revenue climbed 14.7% year on year to $1.19 billion, exceeding forecasts of $1.16 billion and marking a faster pace of growth compared with earlier quarters.Profitability improved sharply, with operating income surging 244.4% from a year earlier to $66.3 million. Adjusted operating margin expanded to 7.5%, up from 2.8% in the same quarter last year, reflecting stronger operating leverage and efficiency gains.“It is encouraging to see an accelerated year over year top line growth of 14.7% in the second fiscal quarter of 2026,” said Michael Yu, executive chairman of New Oriental. “We will sharpen our focus on our core education business, prioritizing enhanced teaching standards and product quality.”Looking ahead, New Oriental lifted its full-year revenue outlook to a range of $5.29 billion to $5.48 billion, compared with analyst expectations of $5.37 billion. For the third quarter, the company forecast revenue of between $1.31 billion and $1.35 billion.By segment, the domestic test preparation business aimed at adult and university students delivered 12.8% year-on-year growth, while newer education initiatives recorded a 21.6% increase. Non-academic tutoring courses drew roughly 1.06 million student enrollments during the quarter.The group also continued to return capital to shareholders, repurchasing about 1.6 million ADSs for approximately $86.3 million under its $300 million share buyback programme announced in October 2025.New Oriental Education & Technology Group stock price

Original: New Oriental Shares Advance After Earnings Jump on Accelerating Revenue Growth

New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2025January 28, 2026 10:02 AM
PR Newswire (US)

BEIJING, Jan. 28, 2026 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2025, which is the second quarter of New Oriental's fiscal year 2026.Financial Highlights for the Second Fiscal Quarter Ended November 30, 2025Total net revenues increased by 14.7% year over year to US$1,191.4 million for the second fiscal quarter of 2026. Operating income increased by 244.4% year over year to US$66.3 million for the second fiscal quarter of 2026. Net income attributable to New Oriental increased by 42.3% year over year to US$45.5 million for the second fiscal quarter of 2026.Key Financial Results(in thousands US$, except per ADS(1) data)2Q FY20262Q FY2025% of
changeNet revenues1,191,4411,038,63614.7 %Operating income66,30719,255244.4 %Non-GAAP operating income (2)(3)89,13029,046206.9 %Net income attributable to New Oriental45,45231,93142.3 %Non-GAAP net income attributable to New Oriental (2)(3)72,90843,23368.6 %Net income per ADS attributable to New Oriental - basic0.290.2045.9 %Net income per ADS attributable to New Oriental - diluted0.280.1944.3 %Non-GAAP net income per ADS attributable to New Oriental - basic (2)(3)(4)0.460.2772.9 %Non-GAAP net income per ADS attributable to New Oriental - diluted (2)(3)(4)0.450.2671.8 %



(in thousands US$, except per ADS(1) data)1H FY20261H FY2025% of
change



Net revenues2,714,4212,474,0529.7 %Operating income377,134312,40520.7 %Non-GAAP operating income (2)(3)424,673330,49428.5 %Net income attributable to New Oriental286,175277,3613.2 %Non-GAAP net income attributable to New Oriental (2)(3)331,163305,6448.3 %Net income per ADS attributable to New Oriental - basic1.801.696.5 %Net income per ADS attributable to New Oriental - diluted1.781.686.0 %Non-GAAP net income per ADS attributable to New Oriental - basic (2)(3)(4)2.081.8611.8 %Non-GAAP net income per ADS attributable to New Oriental - diluted (2)(3)(4)2.061.8511.4 % (1)  Each ADS represents ten common shares. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.(2)  GAAP represents Generally Accepted Accounting Principles in the United States of America.(3)  New Oriental provides non-GAAP financial measures on net income attributable to New Oriental, operating income and net income per ADS attributable to New Oriental that exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss from equity method investments, impairment of long-term investments, impairment of goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments. For further details on these adjustments, please refer to the section titled "About Non-GAAP Financial Measures" and the tables captioned "Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures" set forth at the end of this release.(4)  The Non-GAAP net income per ADS attributable to New Oriental is computed using Non-GAAP net income attributable to New Oriental and the same number of shares and ADSs used in GAAP basic and diluted EPS calculation.Operating Highlights for the Second Fiscal Quarter Ended November 30, 2025Michael Yu, New Oriental's Executive Chairman, commented, "It is encouraging to see an accelerated year over year top line growth of 14.7% in the second fiscal quarter of 2026. Revenues from overseas test preparation increased by approximately 4.1%. In addition, our domestic test preparation business targeting adults and university students grew by approximately 12.8% year over year, followed by a growth of 21.6% year over year for our new educational business initiatives. Our non-academic tutoring courses rolled out in around 60 cities, attracting approximately 1,058,000 student enrollments this quarter. Concurrently, our intelligent learning system and devices were adopted in around 60 cities, with approximately 352,000 active paid users. We will sharpen our focus on our core education business, prioritizing enhanced teaching standards and product quality. Simultaneously, we will continue to optimize our cost structure and operational efficiency to ensure that growth is high-quality, efficient and sustainable. We have also initiated the development of a comprehensive, cross-departmental customer service system. In today's macroeconomic climate, this initiative will boost customer loyalty and retention rate, facilitate cross-departmental upselling, and enhance customer lifetime value – all while reducing customer acquisition costs and marketing expenses. We remain dedicated in elevating our brand influence and creating long-term value for our customers and shareholders.Chenggang Zhou, New Oriental's Chief Executive Officer, added, "In this fiscal quarter, we executed cautious capacity expansion while carefully balancing revenue growth and operational efficiency. In parallel, we enhanced our OMO (online-merge-offline) teaching system while investing in AI integration across our education ecosystem. We remain driven to embedding AI across existing educational offerings, refining new AI-powered products, and extending AI application to boost operational efficiency and solidify support for our teaching staff and employees. In this fiscal quarter, East Buy strengthened its product development and supply chain, diversifying beyond fresh food and snacks into seafood, healthcare, condiments, and home goods. This expansion enriched its private label portfolio to 801 SPUs, driving sales and profit growth by addressing demand for health and convenience, thereby optimizing the product mix. Concurrently, East Buy initiated offline channel expansion by capitalizing on its brand strength and New Oriental's established network. Building on the demonstrated profitability of smart vending machines in select cities, East Buy plans to continue this rollout with nationwide coverage."Stephen Zhihui Yang, New Oriental's Executive President and Chief Financial Officer, commented, "In addition to accelerating revenue growth, we delivered a significant year over year improvement in our Non-GAAP operating margin. This was primarily driven by enhanced operational efficiency and improved utilization within our educational business. We recorded a quarterly Non-GAAP operating margin of 7.5%, up by 470 basis points compared to the same period last fiscal year. Looking ahead, we remain committed to a disciplined approach on intensifying our cost and efficiency initiatives across all business lines, with the goal of cementing our foundation for sustainable and profitable growth over the long term."Update on Shareholder Return for the Fiscal Year 2026In October 2025, the Company announced that, pursuant to its previously adopted three-year shareholder return plan, the board of directors had approved an ordinary dividend of US$0.12 per common share, or US$1.20 per ADS, to be distributed in two installments as part of the shareholder return for the fiscal year 2026. As of the date of this press release, the first installment has been fully paid to shareholders and ADS holders. Details of the second installment will be determined and announced in due course.Additionally, as part of the shareholder return for the fiscal year 2026, the Company also announced in October 2025 a share repurchase program, under which the Company is authorized to repurchase up to US$300 million of its ADSs or common shares over the subsequent 12 months. As of January 27, 2026, the Company had repurchased a total of approximately 1.6 million ADSs for an aggregate consideration of approximately US$86.3 million from the open market under this share repurchase program.Financial Results for the Second Fiscal Quarter Ended November 30, 2025Net RevenuesFor the second fiscal quarter of 2026, New Oriental reported net revenues of US$1,191.4 million, representing a 14.7% increase year over year. The growth was mainly driven by the increase in net revenues from the Company's new educational business initiatives.Operating Costs and ExpensesOperating costs and expenses for the quarter were US$1,125.1 million, representing a 10.4% increase year over year.Cost of revenues increased by 11.8% year over year to US$556.9 million.Selling and marketing expenses decreased by 1.1% year over year to US$194.0 million.General and administrative expenses for the quarter increased by 15.2% year over year to US$374.3 million.Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased by 156.8% to US$21.4 million in the second fiscal quarter of 2026.Operating Income and Operating MarginOperating income was US$66.3 million, representing a 244.4% increase year over year. Non-GAAP income from operations for the quarter, excluding share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, was US$89.1 million, representing a 206.9% increase year over year. Operating margin for the quarter was 5.6%, compared to 1.9% in the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, for the quarter was 7.5%, compared to 2.8% in the same period of the prior fiscal year.Net Income and Net Income per ADSNet income attributable to New Oriental for the quarter was US$45.5 million, representing a 42.3% increase year over year. Basic and diluted net income per ADS attributable to New Oriental were US$0.29 and US$0.28, respectively.Non-GAAP Net Income and Non-GAAP Net Income per ADSNon-GAAP net income attributable to New Oriental for the quarter, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss from equity method investments, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments, was US$72.9 million, representing a 68.6% increase year over year. Non-GAAP basic and diluted net income per ADS attributable to New Oriental were US$0.46 and US$0.45, respectively.Cash FlowNet operating cash inflow for the second fiscal quarter of 2026 was approximately US$323.5 million and capital expenditures for the quarter were US$23.7 million.Balance SheetAs of November 30, 2025, New Oriental had cash and cash equivalents of US$1,842.9 million. In addition, the Company had US$1,609.9 million in term deposits and US$1,875.2 million in short-term investment.New Oriental's deferred revenue, which represents cash collected upfront from customers and related revenue that will be recognized as the services or goods are delivered, at the end of the second quarter of fiscal year 2026 was US$2,161.5 million, an increase of 10.2% as compared to US$1,960.6 million at the end of the second quarter of fiscal year 2025.Financial Results for the Six Months Ended November 30, 2025For the first six months of fiscal year 2026, New Oriental reported net revenues of US$2,714.4 million, representing a 9.7% increase year over year.Operating income was US$377.1 million, representing a 20.7% increase year over year. Non-GAAP operating income, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions for the first six months of fiscal year 2026 was US$424.7 million, representing a 28.5% increase year over year.Operating margin for the first six months of fiscal year 2026 was 13.9%, compared to 12.6% for the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses and amortization of intangible assets resulting from business acquisitions, for the first six months of fiscal year 2026, was 15.6%, compared to 13.4% for the same period of the prior fiscal year.Net income attributable to New Oriental for the first six months of fiscal year 2026 was US$286.2 million, representing a 3.2% increase year over year. Basic and diluted net income per ADS attributable to New Oriental for the first six months of fiscal year 2026 amounted to US$1.80 and US$1.78, respectively.Non-GAAP net income attributable to New Oriental, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, (gain)/loss from fair value change of investments, loss from equity method investments, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments, for the first six months of fiscal year 2026 was US$331.2 million, representing a 8.3% increase year over year. Non-GAAP basic and diluted net income per ADS attributable to New Oriental for the first six months of fiscal year 2026 amounted to US$2.08 and US$2.06, respectively.East Buy's Financial Highlights for the Six Months Ended November 30, 2025New Oriental's subsidiary, East Buy Holding Limited ("East Buy"), a well-known private label products and livestreaming e-commerce platform in China listed on the Hong Kong Stock Exchange, announced its financial results under International Financial Reporting Standards ("IFRSs") for the first six months of fiscal year 2026. East Buy's financial information in this section is presented in accordance with IFRSs.For the first six months ended November 30, 2025, East Buy recorded the total revenue of RMB2.3 billion (US$323.3 million), a 5.7% increase from the revenue of RMB2.2 billion in the same period of the prior fiscal year, and recorded a net profit of RMB239.0 million (US$33.4 million), compared to a net loss of RMB96.5 million in the same period of the prior fiscal year. East Buy's gross profit was RMB841.6 million (US$117.7 million) and gross profit margin was 36.4% for the six months ended November 30, 2025.The translations of RMB amounts into U.S. dollars in this section are presented solely for the convenience of the readers. The conversion of RMB into U.S. dollars is based on the average exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System for the six months ended November 30, 2025, which was RMB7.15 to US$1.00. The percentages stated in this section are calculated based on the RMB amounts.Outlook for the Third Quarter and Full Year of the Fiscal Year 2026New Oriental expects total net revenues in the third quarter of the fiscal year 2026 (December 1, 2025 to February 28, 2026) to be in the range of US$1,313.2 million to US$1,348.7 million, representing year over year increase in the range of 11% to 14%.  Driven by encouraging growth across various business lines, New Oriental raises the full year guidance of total net revenues in the fiscal year 2026 (June 1, 2025 to May 31, 2026) to be in the range of US$5,292.3 million to US$5,488.3 million, representing a year over year increase in the range of 8% to 12%.This forecast reflects New Oriental's current and preliminary view, which is subject to change. The forecast is based on the current USD/RMB exchange rate, which is also subject to change. Conference Call InformationNew Oriental's management will host an earnings conference call at 8 AM on January 28, 2026, U.S. Eastern Time (9 PM on January 28, 2026, Beijing/Hong Kong Time). Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, and unique personal PIN.Conference call registration link:
https://register-conf.media-server.com/register/BI020d68a856074cdfb8b35fdbbf5fed20. It will automatically direct you to the registration page of "New Oriental FY2026 Q2 Earnings Conference Call" where you may fill in your details for RSVP.In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s) and personal PIN) provided in the confirmation email received at the point of registering.Joining the conference call via a live webcast:Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.Listening to the conference call replay:A replay of the conference call may be accessed via the webcast on-demand by registering at https://edge.media-server.com/mmc/p/ceuzs6xr first. The replay will be available until January 28, 2027.About New OrientalNew Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares, are listed and traded on the NYSE. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.For more information about New Oriental, please visit http://www.neworiental.org/english/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for the third quarter and full year of fiscal year 2026, quotations from management in this announcement, as well as New Oriental's strategic and operational plans, contain forward-looking statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's ability to effectively and efficiently manage changes of its existing business and new business; its ability to execute its business strategies; uncertainties in relation to the interpretation and implementation of or proposed changes to, the PRC laws, regulations and policies regarding the private education industry; its ability to attract students without a significant decrease in course fees; its ability to maintain and enhance its "New Oriental" brand; its ability to maintain consistent teaching quality throughout its school network, or service quality throughout its brand; its ability to achieve the benefits it expects from recent and future acquisitions; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector and livestreaming e-commerce business in China; the continuing efforts of its senior management team and other key personnel, health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in its annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.About Non-GAAP Financial MeasuresTo supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, (gain)/loss from fair value change of investments, loss/(gain) from equity method investments, impairment of long-term investments and goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments; operating income excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and impairment of goodwill; operating margin excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and impairment of goodwill; and basic and diluted net income per ADS and per share excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss/(gain) from equity method investments, impairment of long-term investments and goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding from each non-GAAP measure certain items that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP measures is that they exclude from each non-GAAP measure certain items that have been and will continue to be for the foreseeable future a significant recurring expense in its business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.ContactsFor investor and media inquiries, please contact:


Ms. Rita FongMs. Sisi ZhaoFTI Consulting New Oriental Education & Technology Group Inc.Tel:        +852 3768 4548Tel:         +86-10-6260-5568Email:    rita.fong@fticonsulting.com Email: zhaosisi@xdf.cn  NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)
As of November 30
As of May 312025
2025(Unaudited)
(Audited)
USD
USDASSETS:


Current assets:


Cash and cash equivalents1,842,935
1,612,379Restricted cash, current163,981
180,724Term deposits, current1,219,735
1,092,115Short-term investments1,875,204
1,873,502Accounts receivable, net37,732
33,629Inventory, net92,092
80,884Prepaid expenses and other current assets, net351,069
307,902Amounts due from related parties, current5,136
6,567Total current assets5,587,884
5,187,702



Restricted cash, non-current91,222
24,030Term deposits, non-current390,129
355,665Property and equipment, net798,054
767,346Land use rights, net55,314
54,900Amounts due from related parties, non-current14,934
12,464Long-term deposits54,308
48,815Intangible assets, net10,342
13,020Goodwill, net44,579
43,832Long-term investments, net370,956
388,481Deferred tax assets, net80,493
97,932Right-of-use assets781,053
793,842Other non-current assets11,629
17,470Total assets8,290,897
7,805,499



LIABILITIES AND EQUITY


Current liabilities:


Accounts payable94,519
80,484Accrued expenses and other current liabilities743,408
830,583Dividend payable 95,179
-Income taxes payable197,300
167,881Amounts due to related parties397
405Deferred revenue 2,161,514
1,954,464Operating lease liability, current 262,059
255,997Total current liabilities3,554,376
3,289,814



Deferred tax liabilities13,995
14,174Unsecured senior notes -
14,403Operating lease liabilities, non-current517,795
533,376Total long-term liabilities531,790
561,953



Total liabilities4,086,166
3,851,767



Equity


  New Oriental Education & Technology Group Inc.
shareholders' equity3,886,042
3,661,873  Non-controlling interests318,689
291,859Total equity4,204,731
3,953,732



Total liabilities and equity8,290,897
7,805,499 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands except for per share and per ADS amounts)



For the Three Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USDNet revenues1,191,441
1,038,636



Operating cost and expenses (note 1)


Cost of revenues 556,887
498,312Selling and marketing193,985
196,121General and administrative 374,262
324,948Total operating cost and expenses1,125,134
1,019,381Operating income66,307
19,255(Loss)/Gain from fair value change of investments(1,337)
2,505Other income, net22,235
31,008Provision for income taxes(24,467)
(14,629)Loss from equity method investments(6,458)
(6,292)Net income56,280
31,847



Net (income)/loss attributable to non-controlling interests(10,828)
84Net income attributable to New Oriental Education &
Technology Group Inc.'s shareholders45,452
31,931







Net income per share attributable to New Oriental-
Basic (note 2)0.03
0.02



Net income per share attributable to New Oriental-
Diluted (note 2)0.03
0.02



Net income per ADS attributable to New Oriental-
Basic (note 2)0.29
0.20



Net income per ADS attributable to New Oriental-
Diluted (note 2)0.28
0.19 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.RECONCILIATIONS OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES(In thousands except for per share and per ADS amounts)


For the Three Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USD



Operating income66,307
19,255Share-based compensation expenses21,379
8,325Amortization of intangible assets resulting from
business acquisitions1,444
1,466Non-GAAP operating income89,130
29,046



Operating margin 5.6 %
1.9 %Non-GAAP operating margin7.5 %
2.8 %



Net income attributable to New Oriental45,452
31,931Share-based compensation expenses20,451
6,115Loss/(Gain) from fair value change of
investments1,337
(2,505)Amortization of intangible assets resulting from
business acquisitions895
917Loss from equity method investments6,458
6,292Gain on disposals of investments and others(1,480)
-Tax effects on Non-GAAP adjustments(205)
483Non-GAAP net income attributable to New
Oriental72,908
43,233



Net income per ADS attributable to New
Oriental- Basic (note 2)0.29
0.20Net income per ADS attributable to New
Oriental- Diluted (note 2)0.28
0.19



Non-GAAP net income per ADS attributable to
New Oriental - Basic (note 2)0.46
0.27Non-GAAP net income per ADS attributable to
New Oriental - Diluted (note 2)0.45
0.26



Weighted average shares used in calculating
basic net income per ADS (note 2)1,589,182,510
1,629,316,430Weighted average shares used in calculating
diluted net income per ADS (note 2)1,604,505,363
1,638,260,510



Net income per share - basic0.03
0.02Net income per share - diluted0.03
0.02



Non-GAAP net income per share - basic0.05
0.03Non-GAAP net income per share - diluted0.05
0.03 Notes:



Note 1: Share-based compensation expenses (in thousands) are included in the operating cost and
expenses as follows:




For the Three Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USDCost of revenues242
710Selling and marketing685
2,088General and administrative20,452
5,527Total21,379
8,325



Note 2: Each ADS represents ten common shares.  NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)



For the Three Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USD



Net cash provided by operating activities323,468
313,297Net cash provided by investing activities277,419
210,129Net cash used in financing activities(60,010)
(238,419)Effect of exchange rate changes16,614
(25,085)



Net change in cash, cash equivalents and restricted
cash557,491
259,922



Cash, cash equivalents and restricted cash at
beginning of period1,540,647
1,351,151



Cash, cash equivalents and restricted cash at end
of period2,098,138
1,611,073 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands except for per share and per ADS amounts)



For the Six Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USDNet revenues2,714,421
2,474,052



Operating cost and expenses (note 1)


Cost of revenues 1,194,682
1,081,833Selling and marketing394,561
389,813General and administrative 748,044
690,001Total operating cost and expenses2,337,287
2,161,647Operating income377,134
312,405Gain/(Loss) from fair value change of investments6,449
(9,408)Other income, net42,845
70,095Provision for income taxes(116,009)
(92,180)Loss from equity method investments(6,616)
(6,082)Net income303,803
274,830



Net (income)/loss attributable to non-controlling
interests(17,628)
2,531Net income attributable to New Oriental Education
& Technology Group Inc.'s shareholders286,175
277,361







Net income per share attributable to New Oriental-
Basic (note 2)0.18
0.17



Net income per share attributable to New Oriental-
Diluted (note 2)0.18
0.17



Net income per ADS attributable to New Oriental-
Basic (note 2)1.80
1.69



Net income per ADS attributable to New Oriental-
Diluted (note 2)1.78
1.68 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES(In thousands except for per share and per ADS amounts)


For the Six Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USD



Operating income377,134
312,405Share-based compensation expenses44,663
15,178Amortization of intangible assets resulting
from business acquisitions2,876
2,911Non-GAAP operating income424,673
330,494



Operating margin 13.9 %
12.6 %Non-GAAP operating margin15.6 %
13.4 %



Net income attributable to New Oriental286,175
277,361Share-based compensation expenses42,861
13,504(Gain) /Loss from fair value change of
investments(6,449)
9,408Amortization of intangible assets resulting
from business acquisitions1,783
1,821Loss from equity method investments6,616
6,082Gain on disposals of investments and others(1,480)
-Tax effects on Non-GAAP adjustments1,657
(2,532)Non-GAAP net income attributable to New
Oriental331,163
305,644



Net income per ADS attributable to New
Oriental- Basic (note 2)1.80
1.69Net income per ADS attributable to New
Oriental- Diluted (note 2)1.78
1.68



Non-GAAP net income per ADS attributable
to New Oriental - Basic (note 2)2.08
1.86Non-GAAP net income per ADS attributable
to New Oriental - Diluted (note 2)2.06
1.85



Weighted average shares used in calculating
basic net income per ADS (note 2)1,588,556,279
1,639,044,478Weighted average shares used in calculating
diluted net income per ADS (note 2)1,601,543,511
1,648,700,192



Net income per share - basic0.18
0.17Net income per share - diluted0.18
0.17



Non-GAAP net income per share - basic0.21
0.19Non-GAAP net income per share - diluted0.21
0.19 Notes:






Note 1: Share-based compensation expenses (in thousands) are included in the operating costs and
expenses as follows:




For the Six Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USDCost of revenues455
(2,436)Selling and marketing1,296
1,489General and administrative42,912
16,125Total44,663
15,178



Note 2: Each ADS represents ten common shares.  NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)



For the Six Months Ended November 30
2025
2024
(Unaudited)
(Unaudited)
USD
USD



Net cash provided by operating activities515,786
496,507Net cash used in investing activities(174,293)
(85,027)Net cash used in financing activities(89,445)
(391,913)Effect of exchange rate changes28,957
2,402



Net change in cash, cash equivalents and restricted cash281,005
21,969



Cash, cash equivalents and restricted cash at
beginning of period1,817,133
1,589,104



Cash, cash equivalents and restricted cash at end of
period2,098,138
1,611,073 Reconciliation between US GAAP and International Financial Reporting StandardsDeloitte Touche Tohmatsu was engaged by the company to conduct limited assurance engagement in accordance with Hong Kong Standard on Assurance Engagements 3000 (Revised) "Assurance Engagements Other Than Audits or Reviews of Historical Financial Information" ("HKSAE 3000 (Revised)") issued by the Hong Kong Institute of Certified Public Accountants (the "HKICPA") on the reconciliation of the condensed consolidated statement of operations for the six months ended November 30, 2025 and the condensed consolidated balance sheet as of November 30, 2025 of the company and its subsidiaries (collectively referred to as the "Group") between the accounting policies adopted by the Group of the relevant period in accordance with the accounting principles generally accepted in the United States of America (the "US GAAP") and the International Financial Reporting Standards (the "IFRSs") issued by the International Accounting Standards Board (together, the "Reconciliation").The limited assurance engagement undertaken in accordance with HKSAE 3000 (Revised) involves performing procedures to obtain sufficient appropriate evidence about whether:the related adjustments and reclassifications give appropriate effect to those criteria; andthe Reconciliation reflects the proper application of the adjustments and reclassifications to the differences between the Group's accounting policies in accordance with the US GAAP and the IFRSs.The procedures performed by Deloitte Touche Tohmatsu were based on their professional judgment, having regard to their understanding of the management's process on preparing the Reconciliation, nature, business performance and financial position of the Group. Given the circumstances of the engagement, the procedures performed included:(i)      Comparing the "Amounts as reported under US GAAP" as of and for the six months ended November 30, 2025 in the Reconciliation as set out in the Appendix with the financial results as of and for the six months ended November 30, 2025 prepared in accordance with the US GAAP;(ii)     Evaluating the assessment made by the board of directors in identifying the differences between the accounting policies in accordance with the US GAAP and the IFRSs, and the evidence supporting the adjustments and reclassifications made in the Reconciliation in arriving at the "Amounts as reported under IFRSs" in the Reconciliation as set out in the Appendix; and(iii)    Checking the arithmetic accuracy of the computation of the Reconciliation as set out in the Appendix.The procedures performed by Deloitte Touche Tohmatsu in this limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, Deloitte Touche Tohmatsu do not express a reasonable assurance opinion.Based on the procedures performed and evidence obtained, Deloitte Touche Tohmatsu have concluded that nothing has come to their attention that causes them to believe that:(i)      The "Amounts as reported under US GAAP" as of and for the six months ended November 30, 2025 in the Reconciliation as set out in the Appendix is not in agreement with the financial results as of and for the six months ended November 30, 2025 prepared in accordance with the US GAAP;(ii)      The adjustments and reclassifications made in the Reconciliation in arriving at the "Amounts as reported under IFRSs" in the Reconciliation as set out in the Appendix, do not reflect, in all material respects, the different accounting treatments according to the Group's accounting policies in accordance with the US GAAP and the IFRSs of the relevant period; and(iii)      The computation of the Reconciliation as set out in the Appendix is not arithmetically accurate.AppendixThe interim condensed consolidated financial statements are prepared in accordance with US GAAP, which differ in certain respects from IFRSs. The effects of material differences between the interim condensed consolidated financial statements of the Group prepared under US GAAP and IFRSs are as follows:
For the six months ended November 30, 2024IFRSs adjustments
Amounts as
Investments
measured
at fair value
Share-based
compensation
Lease
accounting
Amounts asreported
under



reported
 underUS GAAP



IFRSs

Note i
Note ii
Note iii

(US$ in thousand)Cost of revenues(1,081,833)
-
(3,568)
8,729
(1,076,672)Selling and marketing(389,813)
-
(1,930)
971
(390,772)General and
administrative(690,001)
-
(3,921)
2,425
(691,497)Operating income312,405
-
(9,419)
12,125
315,111









Interest expense(182)
-
-
(15,493)
(15,675)Gain/(Loss) from fair
value change of
investments(9,408)
(6,106)
-
-
(15,514)Income before
income taxes and
loss from equity
method investments373,092
(6,106)
(9,419)
(3,368)
354,199









Provision for income
taxes(92,180)
1,527
-
-
(90,653)Net income274,830
(4,579)
(9,419)
(3,368)
257,464Net income
attributable to New
Oriental Education &
Technology Group
Inc.'s shareholders277,361
(4,579)
(9,419)
(3,368)
259,995 
For the six months ended November 30, 2025IFRSs adjustments
Amounts as
Investments
measured
at fair value
Share-based
compensation
Lease
accounting
Amounts asreported
under



reported
 underUS GAAP



IFRSs

Note i
Note ii
Note iii

(US$ in thousand)Cost of revenues (1,194,682)
-
54
10,534
(1,184,094)Selling and marketing (394,561)
-
153
854
(393,554)General and
administrative (748,044)
-
1,547
2,847
(743,650)Operating income377,134
-
1,754
14,235
393,123









Interest expense -
-
-
(16,322)
(16,322)Gain/(Loss) from fair
value change of
investments 6,449
-
-
-
6,449Gain on disposal of
financial assets at
FVTPL2,640
(1,313)
-
-
1,327Income before
income taxes and
loss from equity
method investments426,428
(1,313)
1,754
(2,087)
424,782









Provision for income
taxes(116,009)
197
-
-
(115,812)Net income303,803
(1,116)
1,754
(2,087)
302,354Net income
attributable to New
Oriental Education &
Technology Group
Inc.'s shareholders286,175
(1,116)
1,754
(2,087)
284,726 
As of May 31, 2025IFRSs adjustments
Amounts as
Investments
measured at
fair value
Share-based
compensation
Lease
accounting
Amounts asreported
under



reported
underUS GAAP



IFRSs


Note i
Note ii
Note iii


(US$ in thousand)ASSETS








Long-term
investments, net 388,481
(220,863)
-
-
167,618Financial assets at
fair value through
profit or loss-
223,355
-
-
223,355Right-of-use assets 793,842
-
-
(23,485)
770,357Total assets7,805,499
2,492
-
(23,485)
7,784,506









LIABILITIES








Deferred tax
liabilities 14,174
497
-
-
14,671Total liabilities3,851,767
497
-
-
3,852,264









Total New Oriental
Education &
Technology Group
Inc. shareholders'
equity3,661,873
1,995
-
(23,485)
3,640,383Total equity3,953,732
1,995
-
(23,485)
3,932,242Total liabilities
and equity7,805,499
2,492
-
(23,485)
7,784,506 
As of November 30, 2025IFRSs adjustments
Amounts as
Investments
measured at
fair value
Share-based
compensation
Lease
accounting
Amounts asreported
under



reported
underUS GAAP



IFRSs


Note i
Note ii
Note iii


(US$ in thousand)ASSETS








Long-term
investments, net 370,956
(212,802)
-
-
158,154Financial assets at
fair value through
profit or loss-
215,294
-
-
215,294Right-of-use assets 781,053
-
-
(25,572)
755,481Total assets8,290,897
2,492
-
(25,572)
8,267,817









LIABILITIES








Deferred tax
liabilities13,995
300
-
-
14,295Total liabilities4,086,166
300
-
-
4,086,466









Total New Oriental
Education &
Technology Group
Inc. shareholders'
equity3,886,042
2,192
-
(25,572)
3,862,662Total equity4,204,731
2,192
-
(25,572)
4,181,351Total liabilities and
equity8,290,897
2,492
-
(25,572)
8,267,817 Notes(i) Investments measured at fair valueUnder US GAAP, the Group elects measurement alternative to the fair value measurement for the equity securities without readily determinable fair values, under which these investments are measured at cost, less impairment, plus or minus observable price changes of an identical or similar investment of the same issuer with the fair value change recorded in the consolidated statements of operations.For investments in investee's shares which are determined to be debt securities, the Group accounts for them as available-for-sale investments when they are not classified as either trading or held-to-maturity investments. Available-for-sale investments are reported at fair value, with unrealized gains and losses, net of taxes recorded in accumulated other comprehensive income or loss. Realized gains or losses on the sales of these securities are recognized in the consolidated statements of operations.Under IFRSs, the aforementioned investments are classified as financial assets at fair value through profit or loss and measured at fair value. Fair value changes of these long-term investments are recognized in profit or loss.(ii) Share-based compensationUnder US GAAP, the Group recognized as compensation expenses net of forfeitures as they occur using graded vesting method over the requisite service period.Under IFRSs, the compensation expenses are recognized net of estimated forfeitures using graded vesting method over the requisite service period.(iii) Lease accountingUnder US GAAP, the amortization of the right-of-use assets and interest expense related to the lease liabilities are recorded together as lease expense to produce a straight-line recognition effect in profit or loss.Under IFRSs, the amortization of the right-of-use asset is on a straight-line basis while the interest expense related to the lease liabilities are measured at amortized cost. 



View original content:https://www.prnewswire.com/news-releases/new-oriental-announces-results-for-the-second-fiscal-quarter-ended-november-30-2025-302672474.htmlSOURCE New Oriental Education and Technology Group Inc.

Original: New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2025

Trump opens investigations at three California colleges alleging DEI-based discrimination https://aol.com/trump-opens-investigations-three-california-232618705.html $EDU

Trump signs executive actions on education, including efforts to rein in DEI https://www.npr.org/2025/04/23/nx-s1-5374365/trump-signs-education-executive-actions $EDU

Trump opens investigations at three California colleges alleging DEI-based discrimination https://aol.com/trump-opens-investigations-three-california-232618705.html $EDU

EDU new 52=week high

EDU new 52 week high

EDU new 52 week high

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

EDU.................................................https://stockcharts.com/h-sc/ui?s=EDU&p=W&b=5&g=0&id=p86431144783

Shares of Chinese companies are trading lower amid concerns over increased COVID infections following the loosening of some restrictions. $EDU

ADB slashes China’s growth forecast on concerns over strict Covid lockdowns
https://www.cnbc.com/2022/07/21/adb-cuts-chinas-growth-forecast-on-concerns-over-covid-lockdowns-.html $EDU

Diluting like no other and will never stop till infinity running the price lower for another future Reverse Split

Cash Flow Statement
Operating Cash Flow (ttm) -1.01B
Levered Free Cash Flow (ttm) -1.68B

Quarterly Revenue Growth (yoy) -48.40%

EBITDA -657.41M

Net Income Avi to Common (ttm) -1.04B

Diluted EPS (ttm) -6.18

Profitability
Profit Margin -27.52%
Operating Margin (ttm) -24.98%

Management Effectiveness
Return on Assets (ttm) -7.20%
Return on Equity (ttm) -24.24%

Only money made is basically from selling shares to unexpected civilians. Tsk tsk

Market cap $3,550,000,000 billion vs enterprise value $28 mil

Incc up fifty percent this morning

Folks chinese version of edu traded at hong kong exchange up ten times. And please check out Incc acquired sound tech.

This will reverse split again with in 2 years Imho

Market Cap (intraday) 2.13B
Enterprise Value -1.41B

Profitability
Profit Margin. -27.52%
Operating Margin. -24.98%

Management Effectiveness
Return on Assets. -7.20%
Return on Equity. -24.24%

Cash Flow Statement
Operating Cash Flow (ttm) -1.01B
Levered Free Cash Flow (ttm) -1.68B

Quarterly Revenue Growth (yoy) -48.40%
EBITDA -657.41M
Net Income Avi to Common (ttm) -1.04B
Diluted EPS (ttm) -6.18

Split

*EDU* The 8 analysts offering 12-month price forecasts for New Oriental Education & Technology Group Inc have a median target of 2.40, with a high estimate of 18.00 and a low estimate of 1.50. The median estimate represents a +137.62% increase from the last price of 1.01.

$EDU Buying here

$EDU Buying here

$EDU Top Institutional Holders
Holder Shares Date Reported % Out Value
Morgan Stanley 101,216,366 Dec 30, 2021 5.96% 212,554,368
Blackrock Inc. 62,836,120 Dec 30, 2021 3.70% 131,955,852
Vanguard Group, Inc. (The) 50,660,373 Dec 30, 2021 2.99% 106,386,783
Goldman Sachs Group Inc 48,864,366 Dec 30, 2021 2.88% 102,615,168
Bank of America Corporation 41,241,407 Dec 30, 2021 2.43% 86,606,954
Yiheng Capital Management, L.P. 39,423,730 Dec 30, 2021 2.32% 82,789,833
Healthcare of Ontario Pension Plan Trust Fund 39,336,000 Dec 30, 2021 2.32% 82,605,600
National Bank of Canada/FI 35,265,950 Dec 30, 2021 2.08% 74,058,495
Two Sigma Investments, LP 29,970,122 Dec 30, 2021 1.77% 62,937,256
State Street Corporation 28,226,742 Dec 30, 2021 1.66% 59,276,158
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Invesco Developing Markets Fund 45,866,157 Oct 30, 2021 2.70% 94,025,621
Vanguard International Stock Index-Emerging Markets Stk 20,592,188 Oct 30, 2021 1.21% 42,213,985
Vanguard International Stock Index-Total Intl Stock Indx 18,963,489 Oct 30, 2021 1.12% 38,875,152
Price (T.Rowe) Science & Technology Fund 15,951,603 Dec 30, 2021 0.94% 33,498,366
iShares Core MSCI Emerging Markets ETF 13,390,929 Nov 29, 2021 0.79% 29,593,953
ACAP Strategic Fund 9,710,605 Dec 30, 2021 0.57% 20,392,270
Delaware Group Global & International Funds-Emerging Markets Fd 7,000,000 Nov 29, 2021 0.41% 15,470,000
Allspring Emerging Markets Equity Fund 6,781,890 Nov 29, 2021 0.40% 14,987,976
iShares MSCI Emerging Markets ETF 5,761,217 Nov 29, 2021 0.34% 12,732,289
MFS Series Trust X-MFS Emerging Markets Equity Fund 5,108,462 Nov 29, 2021 0.30% 11,289,701



https://finance.yahoo.com/quote/EDU/holders?p=EDU

$EDU New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

Soon the $2's.

The $2.2's are coming again. Let's make some money here!

2.40s on 17m shs traded[10m buys vs. 5m sells +2m(?)].

https://ih.advfn.com/stock-market/NYSE/new-oriental-education-a-EDU/trades

Expecting that bounce soon.

Morgan Stanley recently upgraded $EDU rating of the stock and announced a $3.50 price target.

$EDU China to Issue Licenses for Education Companies to Resume After-School Tutoring; Companies will be required to operate after-school tutoring on a nonprofit basis while being allowed to make a profit on other businesses

I like this one.

2.2's are coming.

$EDU U.S.-listed Chinese education companies jump on report of licensing $EDU

Great potential here to make money.

$EDU has $6.2 Billion in cash

EDU: see IF Opportunity Exists...Most recent data (New Oriental Education & Technology)EDU Group’s outlook and valuation.

$EDU Shares of Chinese companies are trading lower amid continued Evergrande uncertainty, which has weighed on the broader Chinese market. Evergrande shares were halted pending a 'major transaction.' Chinese media reported Evergrande will sell a majority stake in its property management business.

$EDU raised to $3.50 by Morgan Stanley

$EDU https://money.cnn.com/quote/forecast/forecast.html?symb=EDU

Yahoo Finance gives $EDU 1y Target Est 9.62

$EDU has $6.08B in cash

The company is diluting.

Hoping these 2.1's to hold.

$EDU Book value is $2.91. Cash is $6.08 Billion.

$PFE New Oriental Education shares are trading higher after analysts at Morgan Stanley upgraded their rating of the stock and announced a $3.50 price target.

Yep get ready for a pr to come out for a new teaching platforms.. they will adjust .. fives coming soon !

Wtf ?

$EDU Has over $6 Billion in cash

doubt it, too many institutional investors here, and it is just starting to recover,.... this has alot more in the tank