Stable Growth Trajectory
New Oriental has entered a stable growth trajectory, with total net revenue increasing by 6.1% year-over-year and non-GAAP operating margin improving by 100 basis points to 22%.
Strong Performance in New Educational Initiatives
The new educational business initiatives recorded a revenue increase of about 15% year-over-year for the first quarter of 2026, driven by non-academic tutoring and intelligent learning systems.
Positive Outlook and Shareholder Returns
Guidance for the second quarter projects a 9% to 12% year-over-year increase in total net revenue. A shareholder return plan includes a $190 million dividend and a $300 million share repurchase program.
Increased Deferred Revenue
Deferred revenue increased by 10% compared to the previous year, indicating strong upfront cash collection from customers.