New Oriental Education & Technology Group, Inc.
EDU Consumer Defensive Education & Training Services
New Oriental Education & Technology Group, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $5.7 billion, up 15.5% from fiscal 2025. In the quarter to May 2026, revenue grew 23.0%, EPS grew 900.0% and free cash flow grew 72.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| May '17 | May '18 | May '19 | May '20 | May '21 | May '22 | May '23 | May '24 | May '25 | May '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
2,165.83 | 2,714.87 | 3,191.58 | 3,518.13 | 6,260.96 | 4,190.96 | 4,107.50 | 4,952.52 | 4,758.72 | 5,292.09 |
Receivables |
9.29 | 4.77 | 45.94 | 7.56 | 12.79 | 39.68 | 42.46 | 34.09 | 40.20 | 44.73 |
Inventory |
31.74 | 40.18 | 29.05 | 31.32 | 31.18 | 27.93 | 52.69 | 92.81 | 80.88 | 105.80 |
Total current assets |
2,326.26 | 2,941.91 | 3,466.24 | 3,756.42 | 6,574.16 | 4,473.96 | 4,413.89 | 5,388.88 | 5,187.70 | 5,831.76 |
Property, Plant, Equpment (Net) |
282.80 | 449.59 | 532.02 | 672.46 | 865.03 | 402.69 | 359.76 | 507.98 | 767.35 | 880.07 |
Long-Term Investments |
241.28 | 473.43 | 454.45 | 493.22 | 612.55 | 471.33 | 888.81 | 563.18 | 792.96 | 886.79 |
Long-term receivables |
1.75 | 2.23 | 1.20 | 22.71 | 4.16 | 3.37 | 1.74 | 7.27 | 12.46 | 12.65 |
Goodwill and Intangible Assets (Total) |
21.76 | 44.06 | 99.95 | 96.65 | 92.08 | 77.23 | 134.01 | 127.08 | 111.75 | 111.52 |
Long Term Assets (Tax, Deferred) |
28.86 | 43.32 | 61.47 | 63.32 | 103.59 | 20.04 | 55.93 | 72.73 | 97.93 | 105.27 |
Long-term assets (Other) |
22.27 | 23.17 | 31.23 | 26.65 | 41.97 | 54.95 | 98.78 | 210.65 | 41.50 | 109.61 |
Total non-current assets |
598.72 | 1,035.80 | 1,180.32 | 2,800.47 | 3,576.90 | 1,560.71 | 1,978.57 | 2,142.80 | 2,617.80 | 2,960.27 |
Total Assets |
2,924.98 | 3,977.71 | 4,646.56 | 6,556.89 | 10,151.05 | 6,034.67 | 6,392.46 | 7,531.67 | 7,805.50 | 8,792.02 |
Accounts Payable |
24.26 | 39.89 | 34.06 | 33.15 | 38.44 | 22.29 | 69.76 | 105.68 | 80.48 | 126.94 |
Dividends Payable |
— | — | — | — | — | — | — | — | — | 93.41 |
Accrued Expenses |
260.70 | 373.54 | 576.52 | 634.62 | 908.23 | 510.26 | 569.44 | 774.81 | 830.58 | 937.75 |
Current Part of Taxes to Pay |
51.05 | 67.23 | 94.07 | 101.39 | 84.32 | 75.65 | 118.05 | 139.82 | 167.88 | 203.53 |
Current Revenue (Deferred) |
866.63 | 1,270.20 | 1,301.10 | 1,324.38 | 1,926.39 | 933.06 | 1,337.63 | 1,780.06 | 1,954.46 | 2,242.95 |
Total current liabilities |
1,202.68 | 1,750.88 | 2,006.22 | 2,479.36 | 3,471.45 | 1,710.11 | 2,250.98 | 3,000.86 | 3,289.81 | 3,889.69 |
Long Term Debt (Total) |
— | — | 96.46 | 117.88 | — | — | — | — | — | — |
Long Term Tax Liability (Deferred) |
2.22 | 12.13 | 18.78 | 11.91 | 13.17 | 19.24 | 23.85 | 19.41 | 14.17 | 14.09 |
Minority Interests |
— | 206.62 | — | — | — | — | — | — | — | — |
Non-current Liabilities (Other) |
— | — | 0.00 | 0.00 | 297.63 | 65.39 | 14.65 | 14.40 | 14.40 | — |
Total non-current liabilities |
2.22 | 218.76 | 115.24 | 1,207.71 | 1,661.43 | 531.03 | 326.69 | 481.80 | 561.95 | 577.92 |
Total liabilities |
1,204.90 | 1,969.64 | 2,121.46 | 3,687.07 | 5,132.88 | 2,241.14 | 2,577.67 | 3,482.66 | 3,851.77 | 4,467.60 |
Additional Paid In Capital |
249.13 | 129.06 | 428.96 | 456.09 | 1,948.88 | 2,061.61 | 1,939.59 | 1,869.95 | 1,467.27 | 1,311.64 |
Common Stock (Net) |
1.58 | 1.58 | 1.59 | 1.59 | 1.69 | 1.70 | 1.70 | 1.70 | 1.70 | 1.70 |
Retained Earnings |
1,171.11 | 1,352.54 | 1,647.63 | 1,986.41 | 2,253.40 | 1,065.36 | 1,225.86 | 1,514.36 | 1,770.72 | 2,028.96 |
Treasury Stock |
0.01 | 0.00 | 0.01 | 0.00 | — | — | 0.06 | 0.06 | 0.12 | 0.15 |
Shareholders Equity (Other) |
219.98 | 263.52 | 305.53 | 380.08 | 447.50 | 447.82 | 464.66 | 485.75 | 502.92 | 531.25 |
Common Equity (Total) |
1,720.08 | 2,008.07 | 2,525.10 | 2,869.81 | 5,018.18 | 3,793.52 | 3,814.79 | 4,049.01 | 3,953.73 | 4,324.42 |
Shareholders Equity (Total) |
1,720.08 | 2,008.07 | 2,525.10 | 2,869.81 | 5,018.18 | 3,793.52 | 3,814.79 | 4,049.01 | 3,953.73 | 4,324.42 |
Shareholders Equity and Liabilities (Total) |
2,924.98 | 3,977.71 | 4,646.56 | 6,556.89 | 10,151.05 | 6,034.67 | 6,392.46 | 7,531.67 | 7,805.50 | 8,792.02 |
Shares (Common) |
157.69 | 158.32 | 157.85 | 158.54 | 169.01 | 169.70 | 164.32 | 164.75 | 154.91 | 158.03 |
Shareholders Equity (Tangible) |
1,698.32 | 1,964.01 | 2,425.14 | 2,773.16 | 4,926.10 | 3,716.29 | 3,680.77 | 3,921.93 | 3,841.98 | 4,212.89 |
Net Debt |
(2,165.83) | (2,714.87) | (3,095.12) | (3,400.25) | (6,260.96) | (4,190.96) | (4,107.50) | (4,952.52) | (4,758.72) | (5,292.09) |
Total Debt |
— | — | 96.46 | 117.88 | 1,648.58 | 511.46 | 302.81 | — | — | — |