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New Oriental Education & Technology Group Inc. (EDU) stock

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NYSE: EDU NYSE Education Services Next results ~January 27, 2027

B Fundamentals grade

New Oriental Education & Technology Group Inc. is a US-listed company in the education services industry. Its financial year ends in May.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($231.28) is 4.58x the share price ($50.52); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($231.28) is 4.58x the share price ($50.52); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

New Oriental Education & Technology Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds77 adding, 98 cuttingOf 38 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter New Oriental Education & Technology Group files

Where New Oriental Education & Technology stands after its latest Filing

Revenue for the twelve months was $5.66bn, up 15.5% on a year earlier, faster than the 13.6% growth a quarter earlier. Free-cash-flow margin rose to 13.8% from -46.1% a year earlier. Operating margin widened to 11.4% from -31.6%. The diluted share count is down 2.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 3 financial-health checks.

Our model value for New Oriental Education & Technology Group is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

New Oriental Education & Technology Group Inc.'s trailing-twelve-month revenue grew 15.5% year on year, with a free-cash-flow margin of 13.8%.

Our discounted-cash-flow model values the business at ~$230 per share in the base case (~$180–$300 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free-cash-flow margin near historical low: TTM FCF margin of 13.8% is in the 12th percentile of its own history.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 15.5% over the last 12 months, against a median of 7.5% for education services companies we cover.
  • Shrinking share count. Diluted shares fell 2.2% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $1.8bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: stock pay as % of revenue. Stock pay as % of revenue of 1.6% ranks 14 of 21 education services companies we cover (median 1.4%).

Latest results

Earnings per share
$1.92 against an average estimate of $1.91: beat by 0.6%
Next report
January 27, 2027; average EPS estimate $0.52

New Oriental Education & Technology Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week-15.4%
  • 1 month-10.9%
  • This year-9.2%
  • 1 year-16.1%
  • 5 years+146.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.7B
Operating margin
11.4%
Net margin
8.4%
EPS (TTM, diluted)
$2.98

Growth

Revenue growth
+15.5%
Change in growth rate
+1.9 pts
Share count change
−2.2%

Cash

Free cash flow (TTM)
$780M
FCF margin
13.8%
Stock pay % of revenue
1.6%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

New Oriental Education & Technology Group Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($231.28) is 4.58x the share price ($50.52); a gap this wide almost always means a data problem.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value New Oriental Education & Technology Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$8.7 ~$29–$50 Left out: out of range vs price (0.18x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$10 ~$6.1–$16 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$5.0 ~$4.4–$5.7 Left out: out of range vs price (0.10x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare New Oriental Education & Technology Group Inc. with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$41.12$69.76$97.35$83.82$117.40$100.12$12.78$36.87$78.23$46.81$45.79
Market value$6.5bn$11.0bn$15.4bn$13.3bn$18.7bn$16.5bn$2.2bn$6.2bn$13.1bn$7.6bn$7.3bn
+ Net debt (− = net cash)−$709m−$641m−$983m−$1.3bn−$797m−$1.3bn−$1.1bn−$1.6bn−$1.4bn−$1.6bn−$1.8bn
Enterprise value$5.8bn$10.4bn$14.5bn$12.0bn$17.9bn$15.2bn$1.1bn$4.6bn$11.7bn$6.0bn$5.5bn
Multiples
Price / sales 4.4x6.1x6.3x4.3x5.2x3.9x0.7x2.1x3.0x1.6x1.3x
Price / earnings 28.8x40.2x52.1x56.0x45.3x49.5x—35.0x42.2x20.5x15.4x
Price / free cash flow 14.1x21.3x27.2x24.8x37.8x23.6x—7.5x15.0x11.7x9.4x
EV / EBITDA 23.4x32.8x42.5x28.9x32.9x44.4x—14.9x25.9x10.6x6.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

52 /100

Moderate moat

How hard New Oriental Education & Technology Group's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 7.4% of total assets over 5 years.

  • Pricing power 15 / 20

    Gross margin has been a median 56.5%, moving by 6.5 percentage points (standard deviation) across 5 years.

  • Durability 3 / 20

    Operating margin has been a median 11.4%; its worst year was -31.6%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 4 of 5 years, at a median 23.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 27, 2027, before the open. Analysts expect revenue of $1.5bn and EPS of $0.52 (range $0.45 to $0.57) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current — — $6.7bn +19%
Next — — $7.6bn +13%

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 $1.91 $1.92 +0.6%
May 2026 $0.46 $0.55 +19.4%
Feb 2026 $0.84 $0.95 +12.6%
Nov 2025 $0.34 $0.45 +32.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

20 analysts, Oct 2026
Buy1680%
Hold420%
Sell00%

Monthly trend

  1. Oct 2026412420
  2. Sep 2026313420
  3. Aug 2026313420
  4. Jul 2026314421

Counts of recommendations published by analysts covering New Oriental Education & Technology Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
4.49
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
35%
of shares
Held by insiders
2.3%
of shares
Employees
81,054
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
EDU−89%+66%+111%−12%−14%−9%
Industry peers (median)−10%−10%+23%+25%+2%−8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
EDU33%67%58%42%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
EDU−91%−59%−23%−42%−36%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 96% from February 16, 2021 to March 14, 2022. Getting back needed a 2188% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$44.44 – $62.78
From 52-week high
−21.3%
vs 50-day average
−12.9%
vs 200-day average
−8.4%
Volatility (1 year)
37%
Beta vs S&P 500
0.14

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

New Oriental Education & Technology Group Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) New Oriental Education & Technology Group Inc.
$0 $2B $4B $6B FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Revenue (TTM), FY15 Q4: $1.2B Revenue (TTM), FY16 Q4: $1.5B Revenue (TTM), FY17 Q4: $1.8B Revenue (TTM), FY18 Q4: $2.4B Revenue (TTM), FY19 Q4: $3.1B Revenue (TTM), FY20 Q4: $3.6B Revenue (TTM), FY21 Q4: $4.3B Revenue (TTM), FY22 Q4: $3.1B Revenue (TTM), FY23 Q4: $3B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q4: $4.9B Revenue (TTM), FY26 Q4: $5.7B $5.7B

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY15 Q4 $1.2B
FY16 Q4 $1.5B
FY17 Q4 $1.8B
FY18 Q4 $2.4B
FY19 Q4 $3.1B
FY20 Q4 $3.6B
FY21 Q4 $4.3B
FY22 Q4 $3.1B
FY23 Q4 $3B
FY24 Q4 $4.3B
FY25 Q4 $4.9B
FY26 Q4 $5.7B
Revenue growth, TTM YoY New Oriental Education & Technology Group Inc.
-40% -20% 0% 20% 40% 60% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Revenue growth, TTM YoY, FY15 Q4: 9.5% Revenue growth, TTM YoY, FY16 Q4: 18.6% Revenue growth, TTM YoY, FY17 Q4: 21.7% Revenue growth, TTM YoY, FY18 Q4: 36.0% Revenue growth, TTM YoY, FY19 Q4: 26.5% Revenue growth, TTM YoY, FY20 Q4: 15.6% Revenue growth, TTM YoY, FY21 Q4: 19.5% Revenue growth, TTM YoY, FY22 Q4: -27.4% Revenue growth, TTM YoY, FY23 Q4: -3.5% Revenue growth, TTM YoY, FY24 Q4: 43.9% Revenue growth, TTM YoY, FY25 Q4: 13.6% Revenue growth, TTM YoY, FY26 Q4: 15.5% 15.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY15 Q4 9.5%
FY16 Q4 18.6%
FY17 Q4 21.7%
FY18 Q4 36.0%
FY19 Q4 26.5%
FY20 Q4 15.6%
FY21 Q4 19.5%
FY22 Q4 -27.4%
FY23 Q4 -3.5%
FY24 Q4 43.9%
FY25 Q4 13.6%
FY26 Q4 15.5%
Operating margin (TTM) New Oriental Education & Technology Group Inc.
-40% -20% 0% 20% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Operating margin (TTM), FY15 Q4: 12.3% Operating margin (TTM), FY16 Q4: 13.4% Operating margin (TTM), FY17 Q4: 14.6% Operating margin (TTM), FY18 Q4: 10.7% Operating margin (TTM), FY19 Q4: 9.9% Operating margin (TTM), FY20 Q4: 11.1% Operating margin (TTM), FY21 Q4: 2.7% Operating margin (TTM), FY22 Q4: -31.6% Operating margin (TTM), FY23 Q4: 6.3% Operating margin (TTM), FY24 Q4: 8.1% Operating margin (TTM), FY25 Q4: 8.7% Operating margin (TTM), FY26 Q4: 11.4% 11.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY15 Q4 12.3%
FY16 Q4 13.4%
FY17 Q4 14.6%
FY18 Q4 10.7%
FY19 Q4 9.9%
FY20 Q4 11.1%
FY21 Q4 2.7%
FY22 Q4 -31.6%
FY23 Q4 6.3%
FY24 Q4 8.1%
FY25 Q4 8.7%
FY26 Q4 11.4%
FCF margin (TTM) New Oriental Education & Technology Group Inc.
-60% -40% -20% 0% 20% 40% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 FCF margin (TTM), FY15 Q4: 25.6% FCF margin (TTM), FY16 Q4: 31.1% FCF margin (TTM), FY17 Q4: 28.7% FCF margin (TTM), FY18 Q4: 23.2% FCF margin (TTM), FY19 Q4: 17.3% FCF margin (TTM), FY20 Q4: 13.8% FCF margin (TTM), FY21 Q4: 16.4% FCF margin (TTM), FY22 Q4: -46.1% FCF margin (TTM), FY23 Q4: 27.6% FCF margin (TTM), FY24 Q4: 20.2% FCF margin (TTM), FY25 Q4: 13.4% FCF margin (TTM), FY26 Q4: 13.8% 13.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY15 Q4 25.6%
FY16 Q4 31.1%
FY17 Q4 28.7%
FY18 Q4 23.2%
FY19 Q4 17.3%
FY20 Q4 13.8%
FY21 Q4 16.4%
FY22 Q4 -46.1%
FY23 Q4 27.6%
FY24 Q4 20.2%
FY25 Q4 13.4%
FY26 Q4 13.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar New Oriental Education & Technology Group took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.7B
  2. Cost of revenue $2.6B · 45.4%
  3. Gross profit $3.1B · 54.6%
  4. Selling, general and admin $2.4B · 43.3%
  5. Operating income $643M · 11.4%
  6. Income tax $196M · 3.5%
  7. Net income $475M · 8.4%

Shares of revenue. Source: New Oriental Education & Technology Group's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 May 2010 2011 May 2011 2012 May 2012 2013 May 2013 2014 May 2014 2015 May 2015 2016 May 2016 2017 May 2017 2018 May 2018 2019 May 2019 2020 May 2020 2021 May 2021 2022 May 2022 2023 May 2023 2024 May 2024 2025 May 2025 2026 May 2026
Income
Revenue 386 540 753 960 1,139 1,247 1,478 1,800 2,447 3,096 3,579 4,277 3,105 2,998 4,314 4,900 5,661
Gross profit 239 326 460 576 687 720 864 1,050 1,382 1,720 1,990 2,240 1,351 1,588 2,263 2,717 3,093
EBITDA 90 111 146 162 241 200 246 316 340 416 545 343 −790 307 451 568 815
Operating income 77 94 120 123 198 154 199 262 263 306 399 117 −983 190 350 428 643
Net income 78 102 133 136 216 193 225 274 296 238 413 334 −1,188 177 310 372 475
Diluted EPS $0.50 $0.65 $0.85 — — — — — — — — — — — — — —
Growth (year on year)
Revenue +32.0% +39.7% +39.5% +27.4% +18.7% +9.5% +18.6% +21.7% +36.0% +26.5% +15.6% +19.5% −27.4% −3.5% +43.9% +13.6% +15.5%
EBITDA +25.6% +23.5% +32.4% +10.4% +49.3% −17.0% +22.9% +28.4% +7.6% +22.2% +31.2% −37.1% −330.4% — +46.9% +25.9% +43.5%
Operating income +26.9% +21.8% +27.6% +2.0% +61.2% −22.3% +29.5% +31.8% +0.3% +16.2% +30.6% −70.6% −937.8% — +84.4% +22.2% +50.2%
Net income +27.5% +30.8% +30.4% +2.7% +58.3% −10.5% +16.5% +22.0% +7.9% −19.6% +73.6% −19.1% −455.2% — +74.6% +20.1% +27.8%
Diluted EPS +25.0% +30.0% +30.8% — — — — — — — — — — — — — —
Margins
Gross margin 61.9% 60.4% 61.1% 60.0% 60.3% 57.8% 58.4% 58.3% 56.5% 55.6% 55.6% 52.4% 43.5% 53.0% 52.5% 55.4% 54.6%
EBITDA margin 23.2% 20.5% 19.4% 16.8% 21.2% 16.1% 16.6% 17.6% 13.9% 13.4% 15.2% 8.0% −25.4% 10.2% 10.5% 11.6% 14.4%
Operating margin 20.0% 17.4% 16.0% 12.8% 17.3% 12.3% 13.4% 14.6% 10.7% 9.9% 11.1% 2.7% −31.6% 6.3% 8.1% 8.7% 11.4%
Net margin 20.1% 18.9% 17.6% 14.2% 18.9% 15.5% 15.2% 15.3% 12.1% 7.7% 11.5% 7.8% −38.2% 5.9% 7.2% 7.6% 8.4%
Free-cash-flow margin 31.7% 30.9% 23.6% 23.1% 28.9% 25.6% 31.1% 28.7% 23.2% 17.3% 13.8% 16.4% −46.1% 27.6% 20.2% 13.4% 13.8%
Cash flow
Cash from operations 142 216 249 284 361 374 524 623 781 806 804 1,130 −1,280 971 1,123 897 1,027
Capital spending 20 49 72 61 32 55 64 106 214 269 310 429 151 143 249 242 247
Free cash flow 122 167 178 222 330 319 460 517 567 537 495 701 −1,431 828 873 655 780
Stock-based pay 16 15 24 27 20 16 17 20 57 71 62 69 133 90 122 60 88
Free cash flow after stock pay 106 152 153 195 310 303 443 497 509 465 433 632 −1,564 738 751 595 692
Balance sheet
Cash 281 317 428 417 372 531 709 641 983 1,414 915 1,612 1,149 1,663 1,389 1,612 1,821
Total debt 0 0 0 0 0 0 0 0 0 96 118 298 65 15 14 14 —
Net debt (negative = net cash) −281 −317 −428 −417 −372 −531 −709 −641 −983 −1,318 −797 −1,315 −1,083 −1,648 −1,375 −1,598 −1,821
Diluted shares 155m 156m 157m 158m 158m 157m 157m 158m 159m 159m 160m 165m 170m 169m 167m 163m 160m
Returned to shareholders
Dividends — — — 47 54 — 63 — 71 — — — — — — 98 96
Buybacks 30 — — 29 21 59 — — — 56 — — — 192 63 445 231
Total returned 30 — — 76 76 59 63 — 71 56 — — — 192 63 544 327

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · May 31, 2026
What it owns · $8.8bn
Short-term assets $5.8bnLonger-term assets $3.0bn
What it owes, and who funded it · $8.5bn
Short-term liabilities $3.9bnLonger-term liabilities $578mShareholders' equity $4.0bn
  • Short-term assets cover short-term liabilities $5.8bn of assets due within a year against $3.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5.8bn short-term assets against $578m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $643m against $28,000 of interest.

From New Oriental Education & Technology Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$231M
Dividends (TTM)
$96.4M
Returned to shareholders
42%
of free cash flow
Buybacks, last 3 fiscal years
$739M
Diluted share count
−2.2%
year over year
Total shareholder yield
4.3%
dividends 1.3% + buybacks 3.0% of market value
Dividend payout ratio
20%
of net income paid out

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated EDU TAL KLC LRN CVSA LAUR Median
Revenue, last 12 months $5.7bn $3.0bn $2.7bn $2.5bn $2.0bn $1.9bn $266m
Revenue growth, last 12 months 15.5% 33.7% 1.8% 2.5% 9.3% 20.9% 7.5%
Revenue growth, 3-year average 70.7% 112.4% — 10.3% 11.0% 10.5% 10.3%
Revenue growth, latest quarter — — −0.4% 3.0% 10.7% 21.2% 5.8%
Gross margin 54.6% 55.4% — 37.4% 57.4% 28.6% 54.6%
Operating margin 11.4% 9.2% −14.9% 18.4% 19.8% 25.8% 5.0%
Operating margin, 3-year average −3.2% 2.4% −1.1% 15.9% 18.4% 24.2% 5.9%
Net margin 8.4% 17.6% −17.2% 13.2% 12.8% 20.3% 3.9%
Cash from operations / revenue 18.1% 20.0% 7.7% 19.9% 22.7% 21.8% 8.4%
Free-cash-flow margin 13.8% 16.9% 3.0% 19.9% 17.7% 15.0% 5.8%
Free-cash-flow margin, 3-year average −3.0% 7.4% — 16.0% 16.7% 14.2% 5.4%
Stock pay / revenue 1.6% 1.4% 0.3% 0.9% 2.1% 0.7% 1.4%
Change in share count −2.2% −6.0% 7.4% −7.1% −7.2% −3.7% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth 15.5% 7.5% 8 of 25
Change in growth rate Growth +1.9pp -0.5pp 8 of 25
Gross margin Profitability 54.6% 54.6% 10 of 19
Operating margin Profitability 11.4% 5.0% 9 of 25
Net margin Profitability 8.4% 3.9% 11 of 25
Free-cash-flow margin Cash generation 13.8% 5.8% 9 of 25
Stock pay as % of revenue Cash generation 1.6% 1.4% 14 of 21
Change in share count Balance sheet -2.2% 0.7% 9 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$2.2B
Institutions reporting
167
Shares held vs prior quarter
▼ 5.3%
Positions opened / closed
26 / 34

Top buyers and sellers, Q2 2026: 77 institutions bought and 98 sold ; the biggest buyer was Discerene Group LP (+1.2M shares) and the biggest seller Greenwoods Asset Management Hong Kong Ltd (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
First Beijing Investment Ltd $401M 8.7M 17.9% ▼ 2.9%
Invesco Ltd. $221M 4.8M 9.9% ▼ 0.8%
Aspex Management (HK) Ltd $208M 4.5M 9.3% ▼ 0.2%
Discerene Group LP $141M 3.1M 6.3% ▲ 63.2%
Renaissance Technologies LLC $131M 2.9M 5.8% ▼ 3.1%
Orbis Allan Gray Ltd $99.3M 2.2M 4.4% ▲ 84.7%
Alkeon Capital Management LLC $79.3M 1.7M 3.5% 0.0%
UBS Group AG $78.2M 1.7M 3.5% ▲ 41.0%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $67.8M 1.5M 3.0% ▼ 7.2%
Federated Hermes, Inc. $66.5M 1.4M 3.0% ▲ 0.8%
Morgan Stanley $65.8M 1.4M 2.9% ▼ 33.0%
Alliancebernstein L.P. $61.5M 1.1M 2.7% ▲ 7.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not New Oriental Education & Technology Group Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $4.1M 6 trades by 2 insiders · 0% under pre-set plans
Net ▼ $4.1M net selling
Insider Date Trade Shares Price Value
Zhou Chenggang Director August 10, 2026 Sell 56,948 $56.83 $3.2M
Zhou Chenggang Director August 7, 2026 Sell 13,052 $56.32 $735,089
Zhuge Yue Director August 3, 2026 Sell 400 $60.00 $24,000
Zhuge Yue Director August 3, 2026 Sell 1,200 $59.41 $71,292
Zhuge Yue Director July 31, 2026 Sell 400 $59.00 $23,600
Zhuge Yue Director July 31, 2026 Sell 170 $58.96 $10,023

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in New Oriental Education & Technology Group Inc. disclosed in the last 12 months; 7 earlier trades on record.

  • Gilbert Ray Cisneros, Jr.(D-CA 39):Purchase, $1,001 - $15,000, traded December 31, 2020, filed January 11, 2021
  • Gilbert Ray Cisneros, Jr.(D-CA 39):Purchase, $1,001 - $15,000, traded December 23, 2020, filed January 11, 2021
  • Gilbert Ray Cisneros, Jr.(D-CA 39):Sale (partial), $1,001 - $15,000, traded October 9, 2020, filed November 5, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on New Oriental Education & Technology Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

New Oriental Education & Technology Group Inc. in brief

What does New Oriental Education & Technology Group Inc. do?
New Oriental Education & Technology Group Inc. is a US-listed company in the education services industry. Its financial year ends in May.
What is New Oriental Education & Technology Group Inc.'s stock ticker?
New Oriental Education & Technology Group Inc. trades under the ticker EDU on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is New Oriental Education & Technology Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, New Oriental Education & Technology Group Inc. reported revenue of $5.7B, 15.5% higher than a year earlier, according to its SEC filings.
What is New Oriental Education & Technology Group Inc.'s free cash flow?
New Oriental Education & Technology Group Inc.'s free-cash-flow margin is 13.8% of revenue over the trailing twelve months, ranking 9 of the 25 education services companies we cover.
Who are New Oriental Education & Technology Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are First Beijing Investment Ltd, Invesco Ltd. and Aspex Management (HK) Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is New Oriental Education & Technology Group Inc. buying back stock, and does it pay a dividend?
New Oriental Education & Technology Group Inc. spent $231M on share repurchases over the trailing twelve months, and its diluted share count fell 2.2% over the year.
What is New Oriental Education & Technology Group Inc.'s market cap?
On May 29, 2026, New Oriental Education & Technology Group Inc.'s market capitalisation was about $7.3B, with a price-to-earnings ratio of 15.4 and net debt of -$1.8B. Market figures come from third-party market data and may be delayed.
Does New Oriental Education & Technology Group Inc. pay a dividend?
Yes: New Oriental Education & Technology Group Inc. paid $96.4M in dividends over the trailing twelve months, a dividend yield of 1.26% and a payout ratio of 20.3%.
Who are New Oriental Education & Technology Group Inc.'s competitors?
In our Education Services peer group, the companies closest to New Oriental Education & Technology Group Inc. are TAL Education Group, Kindercare Learning Companies, Inc., Stride, Inc., Covista Inc. and Laureate Education, Inc. The side-by-side comparison below sets their revenue, margins and growth against New Oriental Education & Technology Group Inc.'s.
Are insiders buying or selling New Oriental Education & Technology Group Inc. stock?
Over the last 12 months, New Oriental Education & Technology Group Inc.'s directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is New Oriental Education & Technology Group Inc.'s next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — New Oriental Education & Technology Group Inc. announces its own schedule.