Saturday 17 October 2026 Export EDU’s income statement to Excel — free account

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.

60.88 0.53 +0.88%

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Market cap: $8.4B
P/E: 20.2×
Fwd P/E: 11.4×
Dividend yield: 0.99%
F-score: 7/9
Altman Z: 2.44
Beneish M: −2.65
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 4.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	1	—	—

Insider Ownership 13.90%

Capital & Financial Ratios $m

Market Cap 8,440.00

Revenue 5,661.29

Net Income 516.66

Free Cash Flow 98.95

Net Debt (5,292.09)

Current Ratio 1.50

Debt/Equity 0.00

P/E ratio 20.23

Fwd P/E 11.40

P/S ratio 1.70

P/B ratio 2.22

Past 5Y EPS Growth 8.23%

This Y EPS Growth 23.38%

Next Y EPS Growth 15.90%

Next Y revenue growth 16.58%

Next 5Y EPS Growth 16.65%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 11.22%

10-year low 10-year high

P/S against its own 10 years 23.96%

10-year low 10-year high

P/B against its own 10 years 32.36%

10-year low 10-year high

EV/Sales against its own 10 years 19.48%

10-year low 10-year high

EV/FCF against its own 10 years 81.83%

10-year low 10-year high

Dividends

Payout Ratio 0.20

Annual Dividend Rate 0.60

Annual Dividend Yield 0.99%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	1.19	0.60
2025	0.60	0.60
2024	0.00	0.60
2023	Powerpack
2022	Powerpack
2021	Powerpack
2017	4.50	4.50

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	4,108	4,953	4,759	5,292
Receivables	42	34	40	45
Inventory	53	93	81	106
Other	—	—	—	—
	4,414	5,389	5,188	5,832

	2023	2024	2025	2026
Payables	70	106	80	127
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,251	3,001	3,290	3,890

Compound Annual Growth %

	10y	5y	3y
Sales	14.37%	5.77%	23.61%
Cash Flow	7.09%	(1.89%)	1.89%
Earnings	7.77%	7.28%	38.89%
Book Value	11.67%	(2.93%)	4.27%

Revenue $m

	Aug	Nov	Feb	May	Year
’26	—	—	—	—	—
’26	1,523	1,191	1,417	1,530	5,661
’25	1,435	1,039	1,183	1,243	4,900
’24	1,100	870	1,207	1,137	4,314
’23	745	638	754	861	2,998
’22	1,309	657	614	524	3,105
’21	986	888	1,190	1,212	4,277

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Aug	Nov	Feb	May	Year
’26	—	—	—	—	—
’26	192	323	(7)	519	1,027
’25	183	313	1	399	897
’24	336	301	109	377	1,123
’23	185	174	190	422	971
’22	(447)	(628)	840	(1,045)	(1,280)
’21	365	438	23	304	1,130

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Aug	Nov	Feb	May	Year
’26	—	—	—	—	—
’26	192	323	(7)	272	780
’25	183	313	1	157	638
’24	336	301	109	128	840
’23	185	174	190	280	831
’22	(447)	(628)	840	(1,191)	(1,421)
’21	300	438	23	(79)	739

Fiscal quarters ending in the months shown.

EPS $

	Aug	Nov	Feb	May	Year
’26	—	—	—	—	—
’26	1.50	0.28	0.79	0.39	2.97
’25	1.48	0.19	0.54	0.04	2.28
’24	0.99	0.18	0.52	0.16	1.85
’23	0.38	0.00	0.48	0.17	1.03
’22	0.25	(0.54)	(0.72)	(1.10)	(7.19)
’21	1.09	0.33	0.90	(0.30)	2.00

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	42.31	50.30	53.62	102.01	16.80	8.40	33.63	54.00	40.66	44.25	Analyst estimates 2027–2029 Powerpack
	High	95.47	108.40	128.80	186.40	199.74	42.19	83.73	98.20	64.38	64.97
People
People	Employees	42,984	54,242	64,327	81,127	105,212	53,071	55,506	75,005	84,111	88,372
	Revenue/emp, $m	0.04	0.05	0.05	0.04	0.04	0.06	0.05	0.06	0.06	0.06
Income, $m
Income, $m	Revenue	1,800	2,447	3,096	3,579	4,277	3,105	2,998	4,314	4,900	5,661
	Gross margin, %	58.34	56.45	55.55	55.60	52.37	43.51	52.98	52.45	55.45	54.64
	EBT	331	357	316	488	315	(1,032)	309	494	536	731
	EBT margin, %	18.38	14.59	10.20	13.63	7.37	(33.25)	10.29	11.45	10.95	12.90
	Net income	277	297	228	355	230	(1,220)	235	325	376	517
	Depreciation	55	79	114	151	230	194	123	107	146	179
Per share, $
Per share, $	Revenue	11.42	15.47	19.56	22.59	25.99	18.30	17.86	26.09	30.25	35.87
	Earnings	1.74	1.87	1.50	2.61	2.00	(7.19)	1.06	1.87	2.29	3.01
	Cash flow	3.95	4.94	5.09	5.08	6.87	(7.55)	5.79	6.79	5.54	6.51
	Capex	(0.65)	(1.33)	(1.64)	(1.80)	(2.38)	(0.83)	(0.83)	(1.71)	(1.60)	(1.56)
	Free cash flow	3.30	3.61	3.45	3.28	4.49	(8.38)	4.95	5.08	3.94	4.94
	Book value	10.92	12.70	15.95	18.11	30.50	22.36	22.73	24.49	24.41	27.40
	Shares, m	158	158	158	158	165	170	168	165	162	158
Valuation, ×
Valuation, ×	P/E	40.95	53.19	56.72	46.74	54.63	0.00	35.54	42.74	20.11	15.64
	P/S	6.27	6.43	4.38	5.40	4.27	0.71	2.11	3.06	1.51	1.31
	P/B	6.56	7.83	5.37	6.74	3.64	0.58	1.66	3.26	1.87	1.72
	EV/Sales	5.07	5.32	3.38	4.45	2.83	(0.60)	0.78	1.94	0.56	0.40
	EV/FCF	9.36	8.39	4.97	(494.77)	40.13	0.85	10.23	49.67	36.83	22.81
Cash, $m
Cash, $m	Operating cash flow	623	781	806	804	1,130	(1,280)	971	1,123	897	1,027
	Capex	(103)	(210)	(260)	(285)	(391)	(140)	(140)	(283)	(259)	(247)
	Free cash flow	520	571	546	519	739	(1,421)	831	840	638	780
Balance, $m
Balance, $m	Working capital	1,124	1,191	1,460	1,277	3,103	2,764	2,163	2,388	1,898	1,942
	Total debt	—	—	96	118	1,649	511	303	—	—	—
	Net debt	(2,166)	(2,715)	(3,095)	(3,400)	(6,261)	(4,191)	(4,108)	(4,953)	(4,759)	(5,292)
	Shareholders’ equity	1,720	2,008	2,525	2,870	5,018	3,794	3,815	4,049	3,954	4,324
Returns, %
Returns, %	ROA	10.40	8.58	5.52	7.38	4.00	(14.68)	2.85	4.45	4.85	5.73
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	17.40	15.89	10.50	15.32	8.48	(26.96)	4.66	7.87	9.29	11.48

Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter May 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EDU New Oriental Education & Technology Group, Inc.	$8.4B	20.2×	11.4×	+23.04% (above 0%: growing)	+900.00% (above 0%: growing)	+72.87% (above 0%: growing)	53.10%	5.61%
LAUR Laureate Education	$5.4B	17.2×	15.8×	+17.50% (above 0%: growing)	+50.77% (above 0%: growing)	+37.68% (above 0%: growing)	38.59%	36.28%	Compare
GHC Graham Holdings Company	$5.1B	9.6×	15.5×	+7.13% (above 0%: growing)	+677.34% (above 0%: growing)	−58.54% (below 0%: shrinking)	30.10%	6.42%	Compare
CVSA Covista Inc.	$4.3B	17.7×	15.0×	+9.69% (above 0%: growing)	+40.67% (above 0%: growing)	+102.24% (above 0%: growing)	56.77%	19.04%	Compare
LOPE Grand Canyon Education, Inc.	$4.2B	19.4×	16.3×	+6.69% (above 0%: growing)	+18.24% (above 0%: growing)	−15.15% (below 0%: shrinking)	49.36%	22.02%	Compare
TAL TAL Education Group	$4.2B	7.3×	12.0×	+31.89% (above 0%: growing)	+1,380.00% (above 0%: growing)	+37.51% (above 0%: growing)	57.78%	18.09%	Compare
LRN Stride, Inc.	$3.5B	10.4×	13.4×	−2.69% (below 0%: shrinking)	+62.18% (above 0%: growing)	+3.70% (above 0%: growing)	34.16%	16.64%	Compare
MH McGraw Hill, Inc.	$2.7B	27.7×	15.6×	+2.65% (above 0%: growing)	+9,900.00% (above 0%: growing)	+57.50% (above 0%: growing)	79.87%	20.78%	Compare
PRDO Perdoceo Education Corporation	$2.1B	12.0×	11.7×	+1.80% (above 0%: growing)	+22.22% (above 0%: growing)	−3.87% (below 0%: shrinking)	76.15%	25.72%	Compare
Median of peers	$4.2B	14.6×	15.3×	+6.91%	+56.48%	+20.60%	53.07%	19.91%

All 46 Education & Training Services stocks →

New Oriental Education & Technology Group, Inc. (EDU) key facts

Strength: 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.
New Oriental Education & Technology Group, Inc. (EDU) is an Education & Training Services company in the Consumer Defensive sector, traded in the US as an ADR.
As of October 16, 2026, EDU traded at $60.88, a market capitalization of $8.4 billion.
New Oriental Education & Technology Group, Inc. pays an annual dividend of $0.60 per share, a yield of 0.99%, with a payout ratio of 20.3%.
Return on equity was 11.5% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.44 (grey zone) for fiscal 2026.