New Oriental Education & Technology Group Inc. (EDU) SEC Filings & Earnings Calls
EquiReason read 13 New Oriental Education & Technology Group Inc. SEC filings in the last 12 months. Latest: 6-K on 2026-10-13 — Announcement of board meeting to approve Q1 FY2027 results; no financial data disclosed..
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 9.0B
- P/E TTM
- —
- Dividend yield
- 1.1%
- 52-week
- —
- Next earnings
- 26 Oct, in 2 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
22 Sep 202620-FNew Oriental reported FY2026 annual results with revenue of $5.66B (up 15.5% YoY) and net income attributable to shareholders of $475M (up 27.8% YoY).earningsopen
Figures in the filing · each found in the filing text
| Total net revenues · FY2026 | $5.66B | +16% y/y |
| Net service revenues · FY2026 | $4.89B | +13% y/y |
| Net product revenues · FY2026 | $768M | +36% y/y |
| Operating income · FY2026 | $643M | +50% y/y |
| Net income attributable to New Oriental Education & Technology Group Inc. · FY2026 | $475M | +28% y/y |
| Cash and cash equivalents · 2026-05-31 | $1.82B | +13% y/y |
| Total assets · 2026-05-31 | $8.79B | +13% y/y |
| Total equity · 2026-05-31 | $4.32B | +9% y/y |
| Basic net income per common share · FY2026 | $0.30 | +30% y/y |
| Diluted net income per common share · FY2026 | $0.30 | +30% y/y |
Risks flagged
Regulatory risk from PRC education policies
“The cessation of the K-9 Academic AST Services in compliance with regulatory developments has materially and adversely affected, and may continue to materially and adversely affect, our business, financial condition, results of operations and prospect.” · word for word
VIE structure uncertainty
“If the PRC government deems that our contractual arrangements with the variable interest entities do not comply with PRC regulatory restrictions on foreign investment in the relevant industries, or if these regulations or the interpretation of existing regulations change in the future, we could be subject to severe penalties or be forced to relinquish our in”
Key person / livestreamer dependency
“We rely on livestreamers to host livestreaming sessions. We may not be able to retain our existing livestreamers, which may adversely affect our livestreaming e-commerce business.” · word for word
Channel concentration for e-commerce
“the GMV generated from Douyin represented a majority of East Buy's total GMV for the fiscal years ended May 31, 2024, 2025 and 2026, and the trend may continue in the foreseeable future.” · word for word
Cybersecurity and data privacy regulation
“Failure to comply with governmental regulation and other legal obligations concerning privacy, data protection, cybersecurity and artificial intelligence may subject us to penalties, damage our reputation and brand, and may materially and adversely affect our business, as we routinely collect, store and use data during our business.” · word for word
29 Jul 20266-KNew Oriental reports Q4 FY2026 net revenues up 23.0% YoY to $1,529.5M, operating income $85.8M vs loss of $8.7M, net income up 775.8% YoY. Non-academic tutoring reaches ~1.07M enrollments, intelligent learning system ~326K active paid usersearningsopen
Figures in the filing · each found in the filing text
| Total net revenues · Q4-2026 | $1.53B | +23% y/y |
| Operating income · Q4-2026 | $86M | -1089% y/y |
| Net income attributable to New Oriental · Q4-2026 | $62M | +776% y/y |
| Non-GAAP operating income · Q4-2026 | $110M | +35% y/y |
| Non-GAAP net income attributable to New Oriental · Q4-2026 | $88M | -11% y/y |
| Net income per ADS - basic · Q4-2026 | $0.40 | +900% y/y |
| Non-academic tutoring student enrollments · New educational initiatives · Q4-2026 | 1,072,000 | |
| Intelligent learning system active paid users · New educational initiatives · Q4-2026 | 326,000 | |
| New Oriental Home families served · Customer service platform · Q4-2026 | 950,000 |
Risks flagged
Regulatory and policy uncertainty in China's private education sector remains a key risk.
“uncertainties in relation to the interpretation and implementation of or proposed changes to, the PRC laws, regulations and policies regarding the private education industry” · word for word
Competition in private education and livestreaming e-commerce in China is intense.
“competition in the private education sector and livestreaming e-commerce business in China” · word for word
22 Apr 20266-KNew Oriental Q3 FY2026 earnings: revenue +19.8% YoY to $1,417.3M, operating income +44.8% to $180.3M, net income +45.3% to $126.8M. Non-GAAP operating margin expanded 230bps to 14.3%. Full-year revenue guidance raised to $5,561.4-$5,598.7Mearningsopen
Figures in the filing · each found in the filing text
| Total net revenues · Q3-2026 | $1.42B | +20% y/y |
| Operating income · Q3-2026 | $180M | +45% y/y |
| Net income attributable to New Oriental · Q3-2026 | $127M | +45% y/y |
| Non-GAAP operating income · Q3-2026 | $203M | +43% y/y |
| Non-GAAP net income attributable to New Oriental · Q3-2026 | $152M | +34% y/y |
| Non-GAAP operating margin · Q3-2026 | 14.3% | |
| Non-academic tutoring enrollments · Q3-2026 | 458,000 | |
| Intelligent learning system active paid users · Q3-2026 | 367,000 |
Guidance
FY26 revenue raised to $5,561.4-$5,598.7M from prior range (not stated); Q4 FY26 revenue $1,429.6-$1,466.9M (15-18% YoY growth).
Full-year revenue guidance raised; Q4 guidance implies continued strong growth; margin expansion highlighted.
Risks flagged
Guidance implies sequential revenue decline from Q3 to Q4 (Q3 $1,417.3M vs Q4 guided $1,429.6-$1,466.9M midpoint ~$1,448M), but still strong YoY growth.
“Q4 revenue guidance $1,429.6-$1,466.9M vs Q3 actual $1,417.3M.”
28 Jan 20266-KNew Oriental reports Q2 FY2026 revenue +14.7% YoY to $1,191.4M, operating income +244.4% YoY, raises full-year revenue guidance to $5,292.3M-$5,488.3M (8-12% YoY growth). Non-GAAP operating margin improved 470 bps to 7.5%.earningsopen
Figures in the filing · each found in the filing text
| Total net revenues · Q2-2026 | $1M | +15% y/y |
| Operating income · Q2-2026 | $66307.00 | +244% y/y |
| Non-GAAP operating income · Q2-2026 | $89130.00 | +207% y/y |
| Net income attributable to New Oriental · Q2-2026 | $45452.00 | +42% y/y |
| Non-GAAP net income attributable to New Oriental · Q2-2026 | $72908.00 | +69% y/y |
| Non-GAAP operating margin · Q2-2026 | 7.5% | |
| Student enrollments (non-academic tutoring) · non-academic tutoring · Q2-2026 | 1,058,000 | |
| Active paid users (intelligent learning system) · intelligent learning system · Q2-2026 | 352,000 | |
| East Buy private label SPUs · East Buy · Q2-2026 | 801 |
Guidance
Q3 FY2026 revenue $1,313.2M-$1,348.7M (11-14% YoY); FY2026 revenue raised to $5,292.3M-$5,488.3M (8-12% YoY)
Company raises full-year revenue guidance driven by encouraging growth across business lines, with margin expansion and cautious capacity expansion.
Risks flagged
Macroeconomic headwinds in China could impact consumer spending on education services.
“In today's macroeconomic climate, this initiative will boost customer loyalty and retention rate.” · word for word
Currency risk from USD/RMB exchange rate fluctuations affecting guidance and reported results.
“The forecast is based on the current USD/RMB exchange rate, which is also subject to change.” · word for word
28 Oct 20256-KQ1 FY2026 net revenues $1,523M (+6.1% YoY), operating income $310.8M (+6.0% YoY), net income $240.7M (-1.9% YoY). Revenue beat guidance upper end. Non-GAAP operating margin improved 100bps to 22.0%. Q2 FY2026 revenue guidance $1,132-1,163Mearningsopen
Figures in the filing · each found in the filing text
| Total net revenues · Q1-2026 | $1.52B | +6% y/y |
| Operating income · Q1-2026 | $311M | +6% y/y |
| Net income attributable to New Oriental · Q1-2026 | $241M | -2% y/y |
| Non-GAAP operating income · Q1-2026 | $336M | +11% y/y |
| Non-GAAP net income attributable to New Oriental · Q1-2026 | $258M | -2% y/y |
| Non-academic tutoring student enrollments · Q1-2026 | 530,000 | |
| Intelligent learning system active paid users · Q1-2026 | 452,000 |
Guidance
Q2 FY2026 revenue $1,132.1M-$1,163.3M (+9-12% YoY); FY2026 revenue $5,145.3M-$5,390.3M (+5-10% YoY)
Q1 revenue beat guidance; Q2 guidance implies acceleration; FY guidance reaffirmed; margin expansion via cost discipline.
Risks flagged
Overseas businesses slowdown continues.
“Despite the challenges posed by the continued slowdown in our overseas businesses” · word for word
New Oriental Education & Technology Group Inc. — questions
- What did New Oriental Education & Technology Group Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: 6-K on 2026-10-13 — Announcement of board meeting to approve Q1 FY2027 results; no financial data disclosed.
Every figure on this page comes from New Oriental Education & Technology Group Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.