New Oriental Education & Technology Group Inc. (EDU) — Financial statements
Income statement, balance sheet, and cash flow for New Oriental Education & Technology Group Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,900↑13.6% | 4,314↑43.9% | 2,998↓3.5% | 3,105↓27.4% | 4,277 | |
| Cost of Revenue | 2,183↑6.5% | 2,051↑45.5% | 1,409↓19.7% | 1,754↓13.9% | 2,037 | |
| Gross Profit | 2,717↑20.1% | 2,263↑42.5% | 1,588↑17.6% | 1,351↓39.7% | 2,240 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,444↑15.4% | 1,252↑31.3% | 954↓48.9% | 1,867↑25.3% | 1,490 | |
| Selling & Marketing Expenses | 784↑18.7% | 661↑48.5% | 445↓4.8% | 467↓22.3% | 601 | |
| SG&A Expenses | 2,233↑16.8% | 1,912↑36.8% | 1,398↓40.1% | 2,333↑11.6% | 2,091 | |
| Other Expenses | 56 | 0.00 | 0.00 | 0.00↓100.0% | 32 | |
| Operating Expenses | 2,289↑19.7% | 1,912↑36.8% | 1,398↓40.1% | 2,333↑9.9% | 2,122 | |
| Total Costs & Expenses | 4,472↑12.8% | 3,963↑41.2% | 2,808↓31.3% | 4,088↓1.7% | 4,159 | |
| Operating Results | ||||||
| Operating Income | 428↑22.2% | 350↑84.4% | 190↑119.3% | -983↓937.8% | 117 | |
| Depreciation & Amortization | 107↑0.0% | 107↓12.9% | 123↓36.8% | 194↓15.6% | 230 | |
| EBITDA | 595↑30.2% | 457↑46.2% | 313↑137.5% | -834↓251.2% | 552 | |
| EBIT | 489↑39.4% | 350↑84.4% | 190↑118.5% | -1,028↓419.7% | 322 | |
| Interest & Other Income | ||||||
| Net Interest Income | 119↓22.2% | 153↑34.8% | 114↓4.8% | 119↓11.3% | 135 | |
| Interest Income | 120↓22.1% | 154↑34.2% | 114↓7.4% | 124↓12.7% | 142 | |
| Interest Expense | 0.31↑4.4% | 0.30↓57.9% | 0.71↓82.5% | 4↓40.0% | 7 | |
| Non-Operating Income | -60 | 0.00 | 0.00↓100.0% | 46↑122.5% | -204 | |
| Other Income / Expenses | 94↑11.1% | 84↓24.2% | 111↑209.8% | -101↓151.7% | 196 | |
| Income Before Tax | 522↑20.1% | 435↑44.3% | 301↑127.8% | -1,084↓445.6% | 314 | |
| Income Tax Expense | 146↑33.4% | 110↑66.0% | 66↓51.5% | 136↑63.1% | 84 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 376↑15.6% | 325↑38.2% | 235↑119.3% | -1,220↓630.5% | 230 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 372↑20.3% | 310↑74.6% | 177↑114.9% | -1,188↓455.2% | 334 | |
| Bottom-Line Net Income | 372↑20.3% | 310↑74.6% | 177↑114.9% | -1,188↓455.2% | 334 | |
| EPS (Basic) | 2.30↑21.1% | 1.90↑72.7% | 1.10↑115.7% | -7.00↓450.0% | 2.00 | |
| EPS (Diluted) | 2.30↑27.8% | 1.80↑80.0% | 1.00↑114.3% | -7.00↓450.0% | 2.00 | |
| Weighted Average Shares | 162↓2.0% | 165↓1.5% | 168↓1.1% | 170↑3.1% | 165 | |
| Weighted Average Diluted Shares | 162↓3.0% | 167↓1.0% | 169↓0.6% | 170↑2.7% | 165 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.