EDU Q1 2026 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

Q1 2026 Earnings

Reported October 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$1.5B	$1.2B	—	22.5%	—
Op. Income	$311M	-$9M	—	3689.7%	—
Gross Margin	58.1%	54.2%	—	4.0pp	—
Net Margin	15.8%	0.6%	—	15.3pp	—
EPS (Diluted)	$1.50	$0.04	—	3233.3%	—
Free Cash Flow	$137M	$399M	—	-65.7%	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$638M
GROSS PROFIT	$885M
R&D Expenses	$0
Selling & Marketing	$201M
General & Administrative	$374M
SG&A Expenses	$574M
Other Expenses	$0
Operating Expenses	$574M
Cost & Expenses	$1.2B
OPERATING INCOME	$311M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$28M
INCOME BEFORE TAX	$340M
Income Tax Expense	$92M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$36M
EBIT	$340M
EBITDA	$376M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$638M
GROSS PROFIT	$885M
R&D Expenses	$0
Selling & Marketing	$201M
General & Administrative	$374M
SG&A Expenses	$574M
Other Expenses	$0
Operating Expenses	$574M
Cost & Expenses	$1.2B
OPERATING INCOME	$311M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$28M
INCOME BEFORE TAX	$340M
Income Tax Expense	$92M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$36M
EBIT	$340M
EBITDA	$376M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$241M
Depreciation & Amortization	$0
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	-$72M
Change in Working Capital	$0
OPERATING CASH FLOW	$192M
Capital Expenditure	-$55M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$396M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	$137M
Net Change in Cash	-$276M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$3.4B
Net Receivables	$43M
Inventory	$86M
Other Current Assets	$513M
TOTAL CURRENT ASSETS	$5.3B
PP&E (Net)	$1.6B
Goodwill	$44M
Intangible Assets	$67M
Long-Term Investments	$756M
Tax Assets	$74M
Other Non-Current Assets	$166M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$8.0B
Account Payables	$85M
Short-Term Debt	$0
Deferred Revenue	$1.9B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$543M
TOTAL LIABILITIES	$3.8B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$4.0B
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$306M
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$8.0B
Total Debt	$784M
Net Debt	-$498M