New Oriental Education & Technology Group Inc ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (May 31, 2026 · FY), New Oriental Education & Technology Group Inc ADR reported revenue of $5.7B (+15.5% year on year) and net income of $516.7M (+37.5% year on year).
| Line item | May 31, 2026 · FY | May 31, 2025 · FY | May 31, 2024 · FY | May 31, 2023 · FY |
|---|---|---|---|---|
| Net revenues | $5.7B | $4.9B | $4.3B | $3.0B |
| Cost of revenues | ($2.6B) | ($2.2B) | ($2.1B) | ($1.4B) |
| Selling and marketing | ($855.9M) | ($784.0M) | ($660.6M) | ($444.7M) |
| General and administrative | ($1.6B) | ($1.4B) | ($1.3B) | ($953.6M) |
| Total operating cost and expenses | ($5.0B) | ($4.5B) | ($4.0B) | ($2.8B) |
| Operating income | $643.3M | $428.3M | $350.4M | $190.0M |
| Interest income | $76.9M | $119.6M | $153.6M | $114.5M |
| Interest expense | ($28.0K) | ($311.0K) | ($298.0K) | ($707.0K) |
| Realized gain from long-term investments | $2.4M | $422.0K | $185.0K | $767.0K |
| Gain/(loss) from fair value change of investments | $10.6M | ($10.1M) | $19.0M | ($860.0K) |
| Miscellaneous income/(expense), net | ($2.6M) | $3.7M | $922.0K | $12.9M |
| Income before income taxes and loss from equity method investments | $730.5M | $536.4M | $493.8M | $308.5M |
| Current | ($204.2M) | ($175.6M) | ($130.9M) | ($97.6M) |
| Deferred | $8.1M | $29.3M | $21.2M | $31.5M |
| Provision for income taxes | ($196.1M) | ($146.3M) | ($109.7M) | ($66.1M) |
| Loss from equity method investments | ($17.8M) | ($14.3M) | ($58.9M) | ($7.1M) |
| Net income | $516.7M | $375.8M | $325.2M | $235.4M |
| Less: Net income attributable to non-controlling interests | $41.5M | $4.1M | $15.6M | $58.0M |
| Net income attributable to New Oriental Education & Technology Group Inc.'s shareholders | $475.2M | $371.7M | $309.6M | $177.3M |
| - Basic | $0.3 | $0.23 | $0.19 | $0.11 |
| - Diluted | $0.3 | $0.23 | $0.18 | $0.1 |
| - Basic | 1.6B | 1.6B | 1.7B | 1.7B |
| - Diluted | 1.6B | 1.6B | 1.7B | 1.7B |
| Line item | May 31, 2026 · FY | May 31, 2025 · FY | May 31, 2024 · FY | May 31, 2023 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.8B | $1.6B | $1.4B | $1.7B |
| Restricted cash, current | $179.1M | $180.7M | $177.4M | $110.9M |
| Term deposits, current | $919.5M | $1.1B | $1.3B | $855.8M |
| Short-term investments | $2.4B | $1.9B | $2.1B | $1.5B |
| 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 | $29.7M | $33.1M |
| Inventory, net | $105.8M | $80.9M | $92.8M | $52.7M |
| 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 | $309.5M | $211.2M |
| Amounts due from related parties, current | $7.7M | $6.6M | $4.4M | $9.4M |
| Total current assets | $5.8B | $5.2B | $5.4B | $4.4B |
| Restricted cash, non-current | $96.2M | $24.0M | $22.3M | $31.6M |
| Term deposits, non-current | $447.3M | $355.7M | $169.2M | $462.7M |
| Property and equipment, net | $880.1M | $767.3M | $508.0M | $359.8M |
| Land use rights, net | $57.2M | $54.9M | $4.5M | $3.3M |
| Amounts due from related parties, non-current | $12.6M | $12.5M | $7.3M | $1.7M |
| Long-term deposits | $56.4M | $48.8M | $38.2M | $26.5M |
| Intangible assets, net | $7.8M | $13.0M | $18.7M | $25.2M |
| Goodwill, net | $46.6M | $43.8M | $104.0M | $105.5M |
| 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 | $355.8M | $399.6M |
| Deferred tax assets, non-current, net | $105.3M | $97.9M | $72.7M | $55.9M |
| Right-of-use assets | $854.4M | $793.8M | $653.9M | $439.5M |
| Other non-current assets | $13.4M | $17.5M | $188.3M | $67.2M |
| Total assets | $8.8B | $7.8B | $7.5B | $6.4B |
| 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 | $105.7M | $69.8M |
| 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 | $774.8M | $569.4M |
| 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 | — | — | — |
| 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 | $139.8M | $118.0M |
| Amounts due to related parties (including amounts due to related parties of the consolidated variable interest entities without recourse to the Company of US$405 and US$88 as of May 31, 2025 and 2026, respectively) | $88.0K | $405.0K | $551.0K | $346.0K |
| 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 | $1.8B | $1.3B |
| Operating lease liabilities, current (including operating lease liabilities, current of the consolidated variable interest entities without recourse to the Company of US$ 251,600 and US$280,888 as of May 31, 2025 and 2026, respectively) | $285.0M | $256.0M | $199.9M | $155.8M |
| Total current liabilities | $3.9B | $3.3B | $3.0B | $2.3B |
| 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 | $19.4M | $23.8M |
| 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 | $448.0M | $288.2M |
| Total liabilities | $4.5B | $3.9B | $3.5B | $2.6B |
| 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 | 1.7M | 1.7M |
| Treasury stock | ($151.0K) | ($122.0K) | ($55.0K) | ($59.0K) |
| Additional paid-in capital | $1.3B | $1.5B | $1.9B | $1.9B |
| Statutory reserves | $531.3M | $502.9M | $485.8M | $464.7M |
| Retained earnings | $2.0B | $1.8B | $1.5B | $1.2B |
| Accumulated other comprehensive (loss)/income | $112.9M | ($80.6M) | ($95.8M) | ($27.4M) |
| Total New Oriental Education & Technology Group Inc. shareholders' equity | $4.0B | $3.7B | $3.8B | $3.6B |
| Non-controlling interests | $338.1M | $291.9M | $273.1M | $210.4M |
| Total equity | $4.3B | $4.0B | $4.0B | $3.8B |
| Total liabilities and equity | $8.8B | $7.8B | $7.5B | $6.4B |
| Line item | May 31, 2026 · FY | May 31, 2025 · FY | May 31, 2024 · FY | May 31, 2023 · FY |
|---|---|---|---|---|
| Net income | $516.7M | $375.8M | $325.2M | $235.4M |
| Depreciation of property and equipment | $171.7M | $139.8M | $100.6M | $117.0M |
| Amortization of intangible assets | $5.8M | $5.7M | $6.1M | $5.6M |
| Amortization of land use rights | $1.1M | $336.0K | $81.0K | $84.0K |
| Loss on disposal of property and equipment | $8.1M | $2.4M | — | $2.2M |
| 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) | $860.0K |
| Share-based compensation expenses | $88.5M | $59.9M | $122.5M | $89.8M |
| Allowance for doubtful accounts | $1.6M | $641.0K | ($612.0K) | $747.0K |
| Loss from equity method investments | $17.8M | $14.3M | $58.9M | $7.1M |
| Deferred income taxes | ($8.1M) | ($29.3M) | ($21.2M) | ($31.5M) |
| Return on investment from an equity method investee | $47.0K | $59.0K | $1.4M | — |
| Accounts receivable | ($2.7M) | ($17.0M) | $3.3M | ($3.9M) |
| Inventory | ($19.0M) | $12.4M | ($41.2M) | ($21.9M) |
| Prepaid expenses and other current assets | ($27.9M) | $32.2M | ($108.6M) | ($17.7M) |
| Amounts due from related parties | ($133.0K) | ($896.0K) | ($48.0K) | $14.2M |
| Long-term deposits | ($4.3M) | ($10.4M) | ($12.2M) | $5.0M |
| Right-of-use assets | ($9.4M) | ($138.0M) | ($223.1M) | $60.5M |
| Accounts payable | $39.0M | ($23.0M) | $37.8M | $44.0M |
| Accrued expenses and other current liabilities | $58.9M | $57.5M | $160.0M | $83.4M |
| Income taxes payable | $36.4M | $34.7M | $21.7M | $41.7M |
| Amounts due to related parties | ($330.0K) | ($149.0K) | $211.0K | $138.0K |
| Deferred revenue | $157.7M | $163.8M | $468.2M | $469.3M |
| Operating lease liabilities | $8.6M | $139.5M | $212.8M | ($136.9M) |
| Net cash provided by operating activities | $1.0B | $896.6M | $1.1B | $971.0M |
| Purchase of term deposits | ($1.2B) | ($1.5B) | ($981.2M) | ($1.2B) |
| Proceeds from maturity of term deposits | $1.4B | $1.5B | $801.6M | $1.0B |
| Payments for short-term investments | ($2.4B) | ($2.8B) | ($2.6B) | ($2.1B) |
| Proceeds from maturity of short-term investments | $2.0B | $3.0B | $2.0B | $2.4B |
| Purchase of property and equipment | ($246.9M) | ($241.9M) | ($249.4M) | ($143.0M) |
| Proceeds from disposal of property and equipment | $298.0K | $261.0K | $423.0K | $1.3M |
| Payments for long-term investments | ($13.7M) | ($64.3M) | ($77.9M) | ($13.6M) |
| 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) | ($2.4M) |
| Return of investments from equity method investees | $8.3M | $4.6M | — | — |
| Net cash used in investing activities | ($457.7M) | ($93.4M) | ($1.2B) | ($37.4M) |
| Proceeds from issuances of common shares upon exercise of share options | 5.7M | 12.9M | 3.9M | 12.9M |
| Cash paid for shares repurchase | -230.9M | -445.5M | -62.9M | -191.6M |
| Cash paid for employees' individual income taxes on withheld shares from exercise of NES | -19.4M | -29.3M | -16.7M | -2.2M |
| Cash paid for dividend | ($96.4M) | ($98.2M) | — | — |
| Repurchase and redeem of unsecured senior notes | ($14.4M) | — | — | — |
| Purchase of non-controlling interests | ($24.7M) | ($15.5M) | ($84.5M) | — |
| Net cash used in financing activities | ($380.2M) | ($585.0M) | ($160.4M) | ($246.9M) |
| Effects of exchange rate changes | $90.1M | $9.8M | ($24.6M) | ($75.8M) |
New Oriental Education & Technology Group Inc ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.