EDU on NYSE

New Oriental

Logo: New Oriental, Public domain, via Wikimedia Commons⁵

Private education company in China

Price unavailable

Last updated Oct 21, 2026.

Overview

$5.7BRevenue, fiscal 2026⁶

$475.2MNet income, fiscal 2026⁶

1993Founded¹

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TickerEDU on NYSE¹
Industryeducational system¹
HeadquartersBeijing¹
Websitewww.neworiental.org
Legal formlimited liability company¹
Listed onHong Kong Stock Exchange (9901), New York Stock Exchange (EDU)¹
Incorporated inCayman Islands⁷
Business addressNo. 6 Hai Dian Zhong Street, 9Th Floor, Beijing⁷
Filer categoryLarge accelerated filer⁷
LEI529900NHZVBZQZ8EKN29⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O CONYERS TRUST COMPANY (CAYMAN) LIMITED, KY1-1111 George Town, Cayman Islands⁴
Registered withGeneral Registry, CT-165081⁴

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New Oriental Education & Technology Group Inc. (Chinese: 新东方教育科技集团, NYSE: EDU, SEHK: 9901), more commonly New Oriental (Chinese: 新东方), is a provider of private educational services in China. The headquarters of New Oriental is located in Haidian District, Beijing. It is currently the largest comprehensive private educational company in China based on the number of program offerings, total student enrollments, and geographic presence. The business of New Oriental includes pre-school education, general courses for students of various age levels, online education, overseas study consulting, and textbook publishing. New Oriental was the first Chinese educational institution to enter the New York Stock Exchange in the United States, holding its IPO in 2006. As of 2016, New Oriental has built 67 short-time language educational schools, 20 book stores, 771 learning centers, and more than 5,000 third-party bookstores in 56 cities in China. New Oriental has had over 26.6 million student enrollments, including over 1.3 million enrollments in first quarter 2017. The company's market capitalization was approximately US$14 billion.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

11.4%Operating margin⁶

8.4%Net margin⁶

15.5%Revenue growth, 2026⁶

11.9%Return on equity⁶

$780.2MFree cash flow⁶

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 86% of the revenue New Oriental broke down this way in fiscal 2026.

Service$4.9B⁶86%up 13% from 2025
Product$768.3M⁶14%up 36% from 2025

Products and services by year

Products and services	2024	2025	2026
Service	$3.5B	$4.3B	$4.9B
Product	$812.6M	$566.2M	$768.3M

Business segments

Educational Services and Test Preparation Courses brought in 71% of the revenue New Oriental broke down this way in fiscal 2026.

Educational Services and Test Preparation Courses$4.0B⁶71%up 16% from 2025
Private label products and livestreaming Ecommerce and other services$806.9M⁶14%up 34% from 2025
Overseas Study Consulting Services$511.3M⁶9%down 1% from 2025
Other Operating$336.3M⁶6%up 3% from 2025

Business segments by year

Business segments	2024	2025	2026
Educational Services and Test Preparation Courses	$2.7B	$3.5B	$4.0B
Private label products and livestreaming Ecommerce and other services	$900.6M	$600.3M	$806.9M
Overseas Study Consulting Services	$439.7M	$516.4M	$511.3M
Other Operating	$257.1M	$327.4M	$336.3M

Where the money goes

Where each dollar of revenue went, fiscal 2026

Cost of revenueOther costs

Cost of revenue45¢$2.6B
Other costs43¢$2.4B
Interest0¢$28.0K
Income tax3¢$196.1M
Profit8¢$475.2M

Out of $5.7B in revenue.⁶

Where each dollar of operating cash went, fiscal 2026

Capital spendingShare buybacksKept or used elsewhere

Capital spending24¢$246.9M
Dividends paid9¢$96.4M
Share buybacks22¢$230.9M
Kept or used elsewhere44¢$453.0M

Out of $1.0B of cash from operations.⁶

Financial statements

Revenue¹⁰¹¹¹²¹³¹⁴⁶$5.7B in 2026+83% since 2019

Operating income¹⁰¹¹¹²¹³¹⁴⁶$643.3M in 2026+111% since 2019

Net income¹⁰¹¹¹²¹³¹⁴⁶$475.2M in 2026+100% since 2019

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁶

Period ending	2026-05-31	2025-05-31	2024-05-31
Net revenues	$5.7B	$4.9B	$4.3B
Cost of revenues	-$2.6B	-$2.2B	-$2.1B
Selling and marketing	-$855.9M	-$784.0M	-$660.6M
General and administrative	-$1.6B	-$1.4B	-$1.3B
Impairment loss of goodwill		-$60.3M
Total operating cost and expenses	-$5.0B	-$4.5B	-$4.0B
Operating income	$643.3M	$428.2M	$350.4M
Interest income	$76.9M	$119.6M	$153.6M
Interest expense	-$28.0K	-$311.0K	-$298.0K
Realized gain from long-term investments	$2.4M	$422.0K	$185.0K
Impairment loss from long-term investments		-$5.2M	-$30.0M
Gain/(loss) from fair value change of investments	$10.6M	-$10.1M	$19.0M
Miscellaneous income/(expense), net	-$2.6M	$3.7M	$922.0K
Income before income taxes and loss from equity method investments	$730.5M	$536.4M	$493.8M
Current	-$204.2M	-$175.6M	-$130.9M
Deferred	$8.1M	$29.3M	$21.2M
Provision for income taxes	-$196.1M	-$146.3M	-$109.7M
Loss from equity method investments	-$17.8M	-$14.3M	-$58.9M
Net income	$516.7M	$375.8M	$325.2M
Less: Net income attributable to non-controlling interests	$41.5M	$4.1M	$15.6M
Net income attributable to New Oriental Education & Technology Group Inc.'s shareholders	$475.2M	$371.7M	$309.6M
- Basic	$0	$0	$0
- Diluted	$0	$0	$0
- Basic	1.6B shares	1.6B shares	1.7B shares
- Diluted	1.6B shares	1.6B shares	1.7B shares

Total assets¹⁰¹¹¹²¹³¹⁴⁶$8.8B in 2026+89% since 2019

Total liabilities¹⁵¹⁰¹¹¹²¹³¹⁴⁶$4.5B in 2026+111% since 2019

Shareholders’ equity¹⁵¹⁰¹¹¹²¹³¹⁴⁶$4.0B in 2026+69% since 2019

Cash¹⁵¹⁰¹¹¹²¹³¹⁴⁶$1.8B in 2026+29% since 2019

Long-term debt¹⁵¹⁰$0 in 2021

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁶

Period ending	2026-05-31	2025-05-31	2024-05-31	2023-05-31
Cash and cash equivalents	$1.8B	$1.6B
Restricted cash, current	$179.1M	$180.7M
Term deposits, current	$919.5M	$1.1B
Short-term investments	$2.4B	$1.9B
Accounts receivable, net of allowance of US$1,579 and US$3,389 as of May 31, 2025 and 2026, respectively	$37.0M	$33.6M
Inventory, net	$105.8M	$80.9M
Prepaid expenses and other current assets, net of allowance of US$713 and US$784 as of May 31, 2025 and 2026, respectively	$389.1M	$307.9M
Total current assets	$5.8B	$5.2B
Restricted cash, non-current	$96.2M	$24.0M
Term deposits, non-current	$447.3M	$355.7M
Property and equipment, net	$880.1M	$767.3M
Land use rights, net	$57.2M	$54.9M
Amounts due from related parties, non-current	$12.6M	$12.5M
Long-term deposits	$56.4M	$48.8M
Intangible assets, net	$7.8M	$13.0M
Goodwill, net	$46.6M	$43.8M
Long-term investments, net (including available-for-sale investments of US$130,539 and US$150,788 as of May 31, 2025 and 2026, respectively)	$383.1M	$388.5M
Deferred tax assets, non-current, net	$105.3M	$97.9M
Right-of-use assets	$854.4M	$793.8M
Other non-current assets	$13.4M	$17.5M
Total assets	$8.8B	$7.8B	$7.5B
Accounts payable (including accounts payable of the consolidated variable interest entities without recourse to the Company of US$79,890 and US$126,153 as of May 31, 2025 and 2026, respectively)	$126.9M	$80.5M
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated variable interest entities without recourse to the Company of US$800,716 and US$912,317 as of May 31, 2025 and 2026, respectively)	$937.7M	$830.6M
Dividend payable (including dividend payable of the consolidated variable interest entities without recourse to the Company of nil and nil as of May 31, 2025 and 2026, respectively)	$93.4M	$0
Income taxes payable (including income taxes payable of the consolidated variable interest entities without recourse to the Company of US$114,618 and US$139,837 as of May 31, 2025 and 2026, respectively)	$203.5M	$167.9M
Deferred revenue (including deferred revenue of the consolidated variable interest entities without recourse to the Company of US$1,951,555 and US$2,236,560 as of May 31, 2025 and 2026, respectively)	$2.2B	$2.0B
Operating lease liabilities, current (including operating lease liabilities, current of the consolidated variable interest entities without recourse to the Company of US$ 251,600 and US$280,888 as of May 31, 2025 and 2026, respectively)	$285.0M	$256.0M
Total current liabilities	$3.9B	$3.3B
Deferred tax liabilities (including deferred tax liabilities of the consolidated variable interest entities without recourse to the Company of US$13,956 and US$13,826 as of May 31, 2025 and 2026, respectively)	$14.1M	$14.2M
Unsecured senior notes (including unsecured senior notes of the consolidated variable interest entities without recourse to the Company of nil and nil as of May 31, 2025 and 2026, respectively)		$14.4M
Operating lease liabilities, non-current (including operating lease liabilities, non-current of the consolidated variable interest entities without recourse to the Company of US$529,550 and US$558,321 as of May 31, 2025 and 2026, respectively)	$563.8M	$533.4M
Total liabilities	$4.5B	$3.9B
Common shares (US$0.001 par value; 3,000,000,000 and shares authorized as of May 31, 2025 and 2026; 1,714,218,870 and 1,712,060,870 shares issued as of May 31, 2025 and 2026; 1,580,288,613 and 1,549,068,783 shares outstanding as of May 31, 2025 and 2026, respectively)	$1.7M	$1.7M
Treasury stock	-$151.0K	-$122.0K
Additional paid-in capital	$1.3B	$1.5B
Statutory reserves	$531.3M	$502.9M
Retained earnings	$2.0B	$1.8B
Accumulated other comprehensive (loss)/income	$112.9M	-$80.6M
Total New Oriental Education & Technology Group Inc. shareholders' equity	$4.0B	$3.7B
Non-controlling interests	$338.1M	$291.9M
Total equity	$4.3B	$4.0B	$4.0B	$3.8B
Total liabilities and equity	$8.8B	$7.8B
Accounts receivable, allowance	$3.4M	$1.6M
Prepaid expenses and other current assets, allowance	$784.0K	$713.0K
Available for sale securities non current	$150.8M	$130.5M
Accounts payable, consolidated variable interest entity without recourse	$126.2M	$79.9M
Accrued expenses and other current liabilities, consolidated variable interest entity without recourse	$912.3M	$800.7M
Dividend payable (including dividend payable of the consolidated variable interest entities without recourse	$0	$0
Income taxes payable, consolidated variable interest entity without recourse	$139.8M	$114.6M
Amounts due to related parties, consolidated variable interest entity without recourse	$88.0K	$405.0K
Deferred revenue, consolidated variable interest entity without recourse	$2.2B	$2.0B
Operating Lease Liability-current, consolidated variable interest entity without recourse	$280.9M	$251.6M
Deferred tax liabilities, non-current consolidated variable interest entity without recourse	$13.8M	$14.0M
Unsecured senior notes non current, consolidated variable interest entities without recourse	$0	$0
Operating Lease Liability non current consolidated variable interest entity without recourse	$558.3M	$529.5M
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	3.0B shares	3.0B shares
Common stock, shares issued	1.7B shares	1.7B shares
Common stock, shares outstanding	1.5B shares	1.6B shares

Period ending	2026-05-31	2025-05-31	2024-05-31	2023-05-31
Cash and cash equivalents	$1.8B	$1.6B
Restricted cash, current	$179.1M	$180.7M
Term deposits, current	$919.5M	$1.1B
Short-term investments	$2.4B	$1.9B
Accounts receivable, net of allowance of US$1,579 and US$3,389 as of May 31, 2025 and 2026, respectively	$37.0M	$33.6M
Inventory, net	$105.8M	$80.9M
Prepaid expenses and other current assets, net of allowance of US$713 and US$784 as of May 31, 2025 and 2026, respectively	$389.1M	$307.9M
Total current assets	$5.8B	$5.2B
Restricted cash, non-current	$96.2M	$24.0M
Term deposits, non-current	$447.3M	$355.7M
Property and equipment, net	$880.1M	$767.3M
Land use rights, net	$57.2M	$54.9M
Amounts due from related parties, non-current	$12.6M	$12.5M
Long-term deposits	$56.4M	$48.8M
Intangible assets, net	$7.8M	$13.0M
Goodwill, net	$46.6M	$43.8M
Long-term investments, net (including available-for-sale investments of US$130,539 and US$150,788 as of May 31, 2025 and 2026, respectively)	$383.1M	$388.5M
Deferred tax assets, non-current, net	$105.3M	$97.9M
Right-of-use assets	$854.4M	$793.8M
Other non-current assets	$13.4M	$17.5M
Total assets	$8.8B	$7.8B	$7.5B
Accounts payable (including accounts payable of the consolidated variable interest entities without recourse to the Company of US$79,890 and US$126,153 as of May 31, 2025 and 2026, respectively)	$126.9M	$80.5M
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated variable interest entities without recourse to the Company of US$800,716 and US$912,317 as of May 31, 2025 and 2026, respectively)	$937.7M	$830.6M
Dividend payable (including dividend payable of the consolidated variable interest entities without recourse to the Company of nil and nil as of May 31, 2025 and 2026, respectively)	$93.4M	$0
Income taxes payable (including income taxes payable of the consolidated variable interest entities without recourse to the Company of US$114,618 and US$139,837 as of May 31, 2025 and 2026, respectively)	$203.5M	$167.9M
Deferred revenue (including deferred revenue of the consolidated variable interest entities without recourse to the Company of US$1,951,555 and US$2,236,560 as of May 31, 2025 and 2026, respectively)	$2.2B	$2.0B
Operating lease liabilities, current (including operating lease liabilities, current of the consolidated variable interest entities without recourse to the Company of US$ 251,600 and US$280,888 as of May 31, 2025 and 2026, respectively)	$285.0M	$256.0M
Total current liabilities	$3.9B	$3.3B
Deferred tax liabilities (including deferred tax liabilities of the consolidated variable interest entities without recourse to the Company of US$13,956 and US$13,826 as of May 31, 2025 and 2026, respectively)	$14.1M	$14.2M
Unsecured senior notes (including unsecured senior notes of the consolidated variable interest entities without recourse to the Company of nil and nil as of May 31, 2025 and 2026, respectively)		$14.4M
Operating lease liabilities, non-current (including operating lease liabilities, non-current of the consolidated variable interest entities without recourse to the Company of US$529,550 and US$558,321 as of May 31, 2025 and 2026, respectively)	$563.8M	$533.4M
Total liabilities	$4.5B	$3.9B
Common shares (US$0.001 par value; 3,000,000,000 and shares authorized as of May 31, 2025 and 2026; 1,714,218,870 and 1,712,060,870 shares issued as of May 31, 2025 and 2026; 1,580,288,613 and 1,549,068,783 shares outstanding as of May 31, 2025 and 2026, respectively)	$1.7M	$1.7M
Treasury stock	-$151.0K	-$122.0K
Additional paid-in capital	$1.3B	$1.5B
Statutory reserves	$531.3M	$502.9M
Retained earnings	$2.0B	$1.8B
Accumulated other comprehensive (loss)/income	$112.9M	-$80.6M
Total New Oriental Education & Technology Group Inc. shareholders' equity	$4.0B	$3.7B
Non-controlling interests	$338.1M	$291.9M
Total equity	$4.3B	$4.0B	$4.0B	$3.8B
Total liabilities and equity	$8.8B	$7.8B
Accounts receivable, allowance	$3.4M	$1.6M
Prepaid expenses and other current assets, allowance	$784.0K	$713.0K
Available for sale securities non current	$150.8M	$130.5M
Accounts payable, consolidated variable interest entity without recourse	$126.2M	$79.9M
Accrued expenses and other current liabilities, consolidated variable interest entity without recourse	$912.3M	$800.7M
Dividend payable (including dividend payable of the consolidated variable interest entities without recourse	$0	$0
Income taxes payable, consolidated variable interest entity without recourse	$139.8M	$114.6M
Amounts due to related parties, consolidated variable interest entity without recourse	$88.0K	$405.0K
Deferred revenue, consolidated variable interest entity without recourse	$2.2B	$2.0B
Operating Lease Liability-current, consolidated variable interest entity without recourse	$280.9M	$251.6M
Deferred tax liabilities, non-current consolidated variable interest entity without recourse	$13.8M	$14.0M
Unsecured senior notes non current, consolidated variable interest entities without recourse	$0	$0
Operating Lease Liability non current consolidated variable interest entity without recourse	$558.3M	$529.5M
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	3.0B shares	3.0B shares
Common stock, shares issued	1.7B shares	1.7B shares
Common stock, shares outstanding	1.5B shares	1.6B shares

Cash from operations¹⁰¹¹¹²¹³¹⁴⁶$1.0B in 2026+27% since 2019

Capital spending¹⁰¹¹¹²¹³¹⁴⁶$246.9M in 2026−8% since 2019

Free cash flow¹⁰¹¹¹²¹³¹⁴⁶$780.2M in 2026+45% since 2019

Dividends paid⁶$96.4M in 2026−2% since 2025

Share buybacks¹⁴⁶$230.9M in 2026+20% since 2023

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁶

Period ending	2026-05-31	2025-05-31	2024-05-31
Net income	$516.7M	$375.8M	$325.2M
Depreciation of property and equipment	$171.7M	$139.8M	$100.6M
Amortization of intangible assets	$5.8M	$5.7M	$6.1M
Amortization of land use rights	$1.1M	$336.0K	$81.0K
Loss on disposal of property and equipment	$8.1M	$2.4M
Loss on deconsolidation of subsidiaries		$1.0M
Goodwill impairment		$60.3M
Impairment loss from long-term investments		$5.2M	$30.0M
Realized gain from long-term investments	-$2.4M	-$422.0K	-$185.0K
(Gain)/loss from fair value change of investments	-$10.6M	$10.1M	-$19.0M
Share-based compensation expenses	$88.5M	$59.9M	$122.5M
Allowance for doubtful accounts	$1.6M	$641.0K	-$612.0K
Loss from equity method investments	$17.8M	$14.3M	$58.9M
Deferred income taxes	-$8.1M	-$29.3M	-$21.2M
Return on investment from an equity method investee	$47.0K	$59.0K	$1.4M
Accounts receivable	-$2.7M	-$17.0M	$3.3M
Inventory	-$19.0M	$12.4M	-$41.2M
Prepaid expenses and other current assets	-$27.9M	$32.2M	-$108.6M
Amounts due from related parties	-$133.0K	-$896.0K	-$48.0K
Long-term deposits	-$4.3M	-$10.4M	-$12.2M
Right-of-use assets	-$9.4M	-$138.0M	-$223.1M
Accounts payable	$39.0M	-$23.0M	$37.8M
Accrued expenses and other current liabilities	$58.9M	$57.5M	$160.0M
Income taxes payable	$36.4M	$34.7M	$21.7M
Amounts due to related parties	-$330.0K	-$149.0K	$211.0K
Deferred revenue	$157.7M	$163.8M	$468.2M
Operating lease liabilities	$8.6M	$139.5M	$212.8M
Net cash provided by operating activities	$1.0B	$896.6M	$1.1B
Purchase of term deposits	-$1.2B	-$1.5B	-$981.2M
Proceeds from maturity of term deposits	$1.4B	$1.5B	$801.6M
Payments for short-term investments	-$2.4B	-$2.8B	-$2.6B
Proceeds from maturity of short-term investments	$2.0B	$3.0B	$2.0B
Purchase of property and equipment	-$246.9M	-$241.9M	-$249.4M
Proceeds from disposal of property and equipment	$298.0K	$261.0K	$423.0K
Payments for long-term investments	-$13.7M	-$64.3M	-$77.9M
Proceeds from disposal of long-term investments	$14.2M	$1.8M	$1.2M
Payment for land use rights	-$38.0K	-$17.3M	-$34.0M
Loans provided to related parties	-$1.4M	-$6.4M	-$1.4M
Return of investments from equity method investees	$8.3M	$4.6M
Deconsolidation of subsidiaries		-$15.2M
Net cash used in investing activities	-$457.7M	-$93.4M	-$1.2B
Proceeds from issuances of common shares upon exercise of share options	$5.7M	$12.9M	$3.9M
Cash paid for shares repurchase	-$230.9M	-$445.5M	-$62.9M
Cash paid for employees' individual income taxes on withheld shares from exercise of NES	-$19.4M	-$29.3M	-$16.7M
Payments made after business acquisitions		-$9.3M
Cash paid for dividend	-$96.4M	-$98.2M
Repurchase and redeem of unsecured senior notes	-$14.4M		-$240.0K
Purchase of non-controlling interests	-$24.7M	-$15.5M	-$84.5M
Net cash used in financing activities	-$380.2M	-$585.0M	-$160.4M
Effects of exchange rate changes	$90.1M	$9.8M	-$24.6M
Net change in cash, cash equivalents and restricted cash	$279.4M	$228.0M	-$216.3M
Income taxes paid	$168.5M	$147.6M	$109.2M
Interests paid	$153.0K	$311.0K	$355.0K
Payable for investments and acquisitions	$605.0K	$567.0K	$9.9M
Payable for purchase of property and equipment	$58.3M	$52.0M	$36.1M

Compare New Oriental with another company

Corporate structure

New Oriental sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of New Oriental

NORGES BANK Filed SCHEDULE 13G/A on New Oriental, latest Aug 12, 2026 (5 filings since Nov 8, 2024)
First Beijing Investment Ltd Filed SCHEDULE 13G/A on New Oriental, latest May 13, 2026 (6 filings since Apr 1, 2025)
Invesco Filed SCHEDULE 13G on New Oriental, latest May 6, 2026
GIC Private Limited Filed SCHEDULE 13G/A on New Oriental, latest Aug 6, 2025 (8 filings since Feb 8, 2022)
FMR LLC Filed SC 13G/A on New Oriental, latest Nov 12, 2024 (2 filings since Feb 9, 2024)
BlackRock Filed SC 13G/A on New Oriental, latest May 8, 2024 (2 filings since Feb 2, 2024)
TIGERSTEP DEVELOPMENTS LTD Filed SC 13G/A on New Oriental, latest Feb 7, 2024 (3 filings since Jan 27, 2022)
Morgan Stanley Filed SC 13G/A on New Oriental, latest Dec 12, 2022 (2 filings since Feb 11, 2022)

New Oriental Beijing, China
- VisionSys AI Inc Stake · E9

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What New Oriental reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$1.6B⁶ May 31, 2026	$1.3B⁶ May 31, 2025	+21.4%
Accumulated depreciation	$704.6M⁶ May 31, 2026	$574.0M⁶ May 31, 2025	+22.8%
Property and equipment, net	$880.1M⁶ May 31, 2026	$767.3M⁶ May 31, 2025	+14.7%
Operating-lease assets (leased space)	$854.4M⁶ May 31, 2026	$793.8M⁶ May 31, 2025	+7.6%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$1.8B⁶ May 31, 2026	$1.6B⁶ May 31, 2025	+13.0%
Debt securities available for sale	$150.8M⁶ May 31, 2026	$130.5M⁶ May 31, 2025	+15.5%
Long-term investments	$383.1M⁶ May 31, 2026	$388.5M⁶ May 31, 2025	−1.4%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$46.6M⁶ May 31, 2026	$43.8M⁶ May 31, 2025	+6.2%
Intangible assets, net (excluding goodwill)	$7.8M⁶ May 31, 2026	$13.0M⁶ May 31, 2025	−40.3%
Trademarks and trade names (indefinite-lived)	$242.0K⁶ May 31, 2026	$227.0K⁶ May 31, 2025	+6.6%
Accumulated amortization	$43.2M⁶ May 31, 2026	$37.4M⁶ May 31, 2025	+15.6%

Inventory

Item	Latest	A year before	Change
Inventory, total	$105.8M⁶ May 31, 2026	$80.9M⁶ May 31, 2025	+30.8%

The story

History

Beijing New Oriental School was established on November 16, 1993, by Yu Minhong (aka Michael Yu), a graduate of Peking University with an English major. Prior to venturing into entrepreneurship, Yu Minhong served as an English instructor at Peking University. Initially concentrating on offering preparatory services for the TOEFL and GRE exams, the institution later diversified its offerings to encompass a broad spectrum of test preparation and curriculum. On September 7, 2006, New Oriental was listed on New York Stock Exchange.

Transformation

In July 2016, New Oriental expanded its online tutoring market to third- and fourth-tier cities with its new platform Koolearn. As of May 31, 2021, Koolearn had entered 273 cities in 27 provinces in China.

On March 28, 2019, Koolearn was listed on the Hong Kong Stock Exchange with the stock code 01797.

Starting in September 2021, Chinese authorities banned for-profit tutoring in subjects on the school curriculum in an effort to ease pressure on children and parents, leading to a wave of school closures and lay offs across the private education sector. As of January 2022, New Oriental dismissed 60,000 employees and saw operating income plunge by 80% after Beijing enforced new sweeping rules on the country's private education industry that barred for-profit tutoring last year, according to its founder.

On December 28, 2021, New Oriental launched its live streaming E-Commerce platform "Oriental Select" on Douyin, the Chinese version of TikTok, positioning itself as a new-era e-commencer for agricultural products. Koolearn Technology Holding has been transformed into an online retail company, and was later renamed East Buy. The company pivoted to leverage the educational background and presentation skills of its former teachers, like Dong Yuhui, in its new e-commerce venture.

From Wikipedia’s article on New Oriental, shared under CC BY-SA 4.0.⁸

Leadership

Who has led New Oriental, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (5)

Board memberDenny Ting Bun Lee Mar 13, 2026 to now¹⁶
Board memberLouis Hsieh Mar 13, 2026 to now¹⁷
Board memberMichael Minhong Yu Mar 13, 2026 to now¹⁸
Board memberYue Zhuge Mar 13, 2026 to now¹⁹
Board memberChenggang Zhou Mar 17, 2026 to now²⁰

Controversies and legal

Legal conflicts with ETS

In 2001, the US Educational Testing Service sent a public letter to US universities, reminding them to pay special attention to Chinese students' GRE scores. In this letter, ETS hinted that New Oriental used their past exam questions in teaching without authorization.

In January 2001, New Oriental was sued by the ETS for illegally copying, publishing, and selling its testing questions for examinations for non-English-speaking students since 1997. On September 27, 2003, the First Intermediate People's Court of Beijing made a ruling during the first trial, ordering the Chinese school to pay over 10 million yuan (about 1.2 million US dollars) to the ETS in compensation for the infringement.

The Higher People's Court of Beijing maintained that the Beijing-based New Oriental School (NOS) should pay compensation to the ETS, for the infringement of copy and trademark rights. However, the higher court reduced the sum of compensation by over 6 million yuan (about 722,000 US dollars) to 3,740,186.2 yuan (about 450,624 US dollars) plus 22,000 yuan (about 2,650 US dollars) for court charges.

From Wikipedia’s article on New Oriental, shared under CC BY-SA 4.0.⁸

Timeline

1993Founded Founded¹

Calendar

Coming up

Oct 28, 2026 · Before the openReports results for the quarter ending Aug/2026 A year earlier it reported $1.47 a share, on Oct 28, 2025.²¹

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

166 filings to the SEC since October 2021: 5 annual reports, 16 insider forms, 29 large holders, 116 other. The latest 20:

Oct 13, 20266-K EDGAR
Oct 8, 20266-K EDGAR
Oct 8, 20266-K EDGAR
Sep 22, 20266-K EDGAR
Sep 22, 202620-F EDGAR
Aug 12, 2026SCHEDULE 13G/A EDGAR
Aug 11, 20264 PRIMARY DOCUMENT EDGAR
Aug 6, 2026144 EDGAR
Aug 3, 20264 PRIMARY DOCUMENT EDGAR
Jul 30, 2026144/A EDGAR
Jul 30, 2026144 EDGAR
Jul 29, 20266-K EDGAR
Jul 17, 20264 EDGAR
Jul 16, 20264 PRIMARY DOCUMENT EDGAR
Jul 16, 20264 PRIMARY DOCUMENT EDGAR
Jul 16, 20264 PRIMARY DOCUMENT EDGAR
Jul 16, 20264 PRIMARY DOCUMENT EDGAR
Jul 15, 20264 PRIMARY DOCUMENT EDGAR
Jul 15, 20264 PRIMARY DOCUMENT EDGAR
Jul 7, 20266-K EDGAR

The 166 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Aug 10, 2026	Zhou ChenggangDirector	Sale	56,948	$56.83	$3.2M	Form 4
Aug 7, 2026	Zhou ChenggangDirector	Sale	13,052	$56.32	$735.1K	Form 4
Aug 3, 2026	Zhuge YueDirector	Sale	1,600	$59.56	$95.3K	Form 4
Jul 31, 2026	Zhuge YueDirector	Sale	570	$58.99	$33.6K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

NORGES BANKSCHEDULE 13G/A, 5 filings Nov 8, 2024 to Aug 12, 2026²²
First Beijing Investment LtdSCHEDULE 13G/A, 6 filings Apr 1, 2025 to May 13, 2026²³
InvescoSCHEDULE 13G, 1 filing May 6, 2026²⁴
GIC Private LimitedSCHEDULE 13G/A, 8 filings Feb 8, 2022 to Aug 6, 2025²⁵
FMR LLCSC 13G/A, 2 filings Feb 9, 2024 to Nov 12, 2024²⁶
BlackRockSC 13G/A, 2 filings Feb 2, 2024 to May 8, 2024²⁷
TIGERSTEP DEVELOPMENTS LTDSC 13G/A, 3 filings Jan 27, 2022 to Feb 7, 2024²⁸
Morgan StanleySC 13G/A, 2 filings Feb 11, 2022 to Dec 12, 2022²⁹

Stakes it holds

New Oriental has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

VisionSys AI IncSC 13D/A Nov 18, 2021³⁰

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
First Beijing Investment Ltd	8,733,979	$401.0M	16.4%	−261,279
Invesco Ltd.	4,817,200	$221.2M	0.0%	−40,578
Discerene Group LP	3,077,987	$141.3M	15.9%	+1,192,164
Renaissance Technologies LLC	2,857,164	$131.2M	0.2%	−90,700
Orbis Allan Gray Ltd	2,162,403	$99.3M	0.3%	+991,452
Alkeon Capital Management LLC	1,727,986	$79.3M	0.3%	No change
UBS Group AG	1,702,544	$78.2M	0.0%	+495,093
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	1,477,776	$67.8M	0.0%	−114,387
Federated Hermes, Inc.	1,447,999	$66.5M	0.1%	+12,129
Morgan Stanley	1,433,721	$65.8M	0.0%	−705,959
Alliancebernstein L.P.	1,085,798	$61.5M	0.0%	+77,452
Schroder Investment Management Group	1,109,993	$51.3M	0.0%	No change
BlackRock, Inc.	1,027,386	$47.2M	0.0%	−420,750
Fmr LLC	952,436	$43.7M	0.0%	−998,260
Citadel Advisors LLC	786,424	$36.1M	0.0%	+216,714
Serenity Capital Management Pte. Ltd.	767,324	$35.2M	10.6%	+110,446
Point72 Asset Management, L.P.	694,983	$31.9M	0.1%	−92,837
Man Group plc	609,300	$28.0M	0.1%	+135,839
Goldman Sachs Group Inc	590,619	$27.1M	0.0%	−102,489
Amundi	510,778	$23.4M	0.0%	+3,004
Lazard Asset Management LLC	456,177	$20.9M	0.0%	+128,994
Monolith Management Ltd	439,500	$20.2M	12.2%	+341,539
Southeastern Asset Management Inc/tn/	411,598	$18.9M	1.0%	−110,682
Carmignac Gestion	368,392	$16.9M	0.2%	+3,006
Mackenzie Financial Corp	350,003	$16.1M	0.0%	−122,615

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How New Oriental is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNew Oriental Education & Technology Group Inc.²
CIK0001372920
Filer statusLarge accelerated filer not an emerging growth company; not a shell company³¹
Incorporated inCayman Islands³¹
Fiscal year endsMay 31²
Industry code (SIC)8200 Services-Educational Services²
SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance²
Business addressNo. 6 Hai Dian Zhong Street, 9Th Floor, Beijing, China²
Phone(86-10) 6260-5566²
Shares outstanding1,549,068,783 shares as of May 31, 2026³¹
AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Beijing, the People’s Republic of China PCAOB ID 1113; it also attests to the company’s internal control over financial reporting³¹
On EDGAR sinceAug 22, 2006²
Filings444 in all: 6-K (199), SC 13G/A (70), SC 13G (31), CORRESP (25), UPLOAD (23), 20-F (20), 144 (12), SCHEDULE 13G/A (11)²
All 30 form types
4 (9), 3 (7), S-8 (4), 20-F/A (3), EFFECT (3), F-1/A (3), F-6 POS (3), F-6EF (3), 424B4 (2), 424B5 (2), F-1 (2), SCHEDULE 13G (2), 144/A (1), 424B3 (1), 8-A12B (1), CERTNYS (1), F-3ASR (1), F-6 (1), F-6/A (1), NT 20-F (1), SC 13D (1), SC 13D/A (1)
Latest filingsAnnual report (20-F) Sep 22, 2026

Securities registered for trading

Class	Symbol	Exchange
American depositary shares, each representing ten common shares	EDU	New York Stock Exchange
Common shares	9901

From the cover page of the 20-F filed Sep 22, 2026 (Section 12(b) of the Exchange Act).³¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataNew Oriental on Wikidata
2
SEC EDGARNew Oriental filings on SEC EDGAR
3
WikipediaNew Oriental on Wikipedia
4
GLEIFNew Oriental LEI record (529900NHZVBZQZ8EKN29)
5
Wikimedia CommonsNew Oriental logo by New Oriental, Public domain
6
SEC EDGARNew Oriental 10-K for fiscal 2026
7
SEC EDGARNew Oriental filings on SEC EDGAR
8
WikipediaNew Oriental on Wikipedia (revision used)
9
Wikimedia CommonsNew Oriental photo by N509FZ, CC BY-SA 4.0
10
SEC EDGARNew Oriental 10-K for fiscal 2019
11
SEC EDGARNew Oriental 10-K for fiscal 2020
12
SEC EDGARNew Oriental 10-K for fiscal 2021
13
SEC EDGARNew Oriental 10-K for fiscal 2022
14
SEC EDGARNew Oriental 10-K for fiscal 2023
15
SEC EDGARNew Oriental 10-K for fiscal 2019
16
SEC EDGARDenny Ting Bun Lee, Board member
17
SEC EDGARLouis Hsieh, Board member
18
SEC EDGARMichael Minhong Yu, Board member
19
SEC EDGARYue Zhuge, Board member
20
SEC EDGARChenggang Zhou, Board member
21
NasdaqNasdaq calendar
22
SEC EDGARNORGES BANK SCHEDULE 13G/A on New Oriental
23
SEC EDGARFirst Beijing Investment Ltd SCHEDULE 13G/A on New Oriental
24
SEC EDGARInvesco SCHEDULE 13G on New Oriental
25
SEC EDGARGIC Private Limited SCHEDULE 13G/A on New Oriental
26
SEC EDGARFMR LLC SC 13G/A on New Oriental
27
SEC EDGARBlackRock SC 13G/A on New Oriental
28
SEC EDGARTIGERSTEP DEVELOPMENTS LTD SC 13G/A on New Oriental
29
SEC EDGARMorgan Stanley SC 13G/A on New Oriental
30
SEC EDGARNew Oriental SC 13D/A on VisionSys AI Inc
31
SEC EDGARNew Oriental 20-F filed Sep 22, 2026: cover page