New Oriental Education & Technology Group Inc. income statement

In fiscal 2026, New Oriental Education & Technology Group Inc. reported revenue of $5.66bn, up 15.5% on the year before, operating income of $643m (a 11.4% margin) and net income of $475m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

New Oriental Education & Technology Group Inc.: income statement, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016May 2016	2017May 2017	2018May 2018	2019May 2019	2020May 2020	2021May 2021	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026
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
Cost of revenue	147	214	293	384	452	526	614	750	1,066	1,376	1,589	2,037	1,754	1,409	2,051	2,183	2,568
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
Selling and marketing	58	82	114	142	169	188	198	233	324	384	445	601	467	445	661	784	856
General and administrative	103	148	226	311	324	378	471	555	794	1,029	1,146	1,490	1,867	954	1,252	1,444	1,594
Operating income	77	94	120	123	198	154	199	262	263	306	399	117	−983	190	350	428	643
Interest expense	—	—	—	—	—	—	—	—	—	2	5	7	4	1	0	0	0
Income before tax	84	110	143	153	243	220	267	331	357	316	488	315	−1,032	309	494	536	731
Income tax	6	8	11	15	26	26	38	51	59	86	134	84	136	66	110	146	196
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	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Diluted shares (average)	155m	156m	157m	158m	158m	157m	157m	158m	159m	159m	160m	165m	170m	169m	167m	163m	160m
EBITDA	90	111	146	162	241	200	246	316	340	416	545	343	−790	307	451	568	815

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from New Oriental Education & Technology Group Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to New Oriental Education & Technology Group Inc.