EDU FY 2025 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

FY 2025 Earnings

Reported September 25, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$4.9B	—	$4.3B	—	13.6%
Op. Income	$428M	—	$350M	—	22.2%
Gross Margin	55.4%	—	52.5%	—	3.0pp
Net Margin	7.6%	—	7.2%	—	0.4pp
EPS (Diluted)	$2.30	—	$1.80	—	27.8%
Free Cash Flow	$637M	—	$839M	—	-24.1%

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$784M
General & Administrative	$1.4B
SG&A Expenses	$2.2B
Other Expenses	$56M
Operating Expenses	$2.3B
Cost & Expenses	$4.5B
OPERATING INCOME	$428M
Interest Income	$120M
Interest Expense	$311.0K
Other Income/Expenses	$94M
INCOME BEFORE TAX	$522M
Income Tax Expense	$146M
Net Income from Continuing Ops	$376M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$372M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$372M
D&A	$107M
EBIT	$489M
EBITDA	$595M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$784M
General & Administrative	$1.4B
SG&A Expenses	$2.2B
Other Expenses	$56M
Operating Expenses	$2.3B
Cost & Expenses	$4.5B
OPERATING INCOME	$428M
Interest Income	$120M
Interest Expense	$311.0K
Other Income/Expenses	$94M
INCOME BEFORE TAX	$522M
Income Tax Expense	$146M
Net Income from Continuing Ops	$376M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$372M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$372M
D&A	$107M
EBIT	$489M
EBITDA	$595M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$376M
Depreciation & Amortization	$146M
Stock-Based Compensation	$60M
Deferred Income Tax	-$29M
Other Non-Cash Items	$94M
Change in Working Capital	$251M
OPERATING CASH FLOW	$897M
Capital Expenditure	-$259M
Acquisitions (Net)	-$11M
Purchases of Investments	-$4.3B
Sales/Maturities of Investments	$4.5B
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$93M
Net Debt Issuance	$0
Common Stock Repurchased	-$445M
Common Dividends Paid	-$98M
Other Financing Activities	-$41M
NET CASH FROM FINANCING	-$585M
FREE CASH FLOW	$637M
Net Change in Cash	$228M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$3.0B
Net Receivables	$190M
Inventory	$81M
Other Current Assets	$193M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$1.6B
Goodwill	$44M
Intangible Assets	$68M
Long-Term Investments	$744M
Tax Assets	$98M
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$7.8B
Account Payables	$80M
Short-Term Debt	$0
Deferred Revenue	$2.0B
Other Current Liabilities	$216M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$14M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$562M
TOTAL LIABILITIES	$3.9B
Common Stock	$2M
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.8B
Treasury Stock	-$122.0K
Accum. Other Comp. Income	$422M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$292M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$804M
Net Debt	-$809M