The earnings call highlighted strong revenue growth in core and new education segments, significant advancements in AI technology, and a robust shareholder return plan. However, these positives were counterbalanced by an operating loss, a sharp decrease in net income, increased operating costs, and a conservative revenue outlook for the next quarter.

Company Guidance -

Q1 2026

In the FY 2025 Fourth Quarter Earnings Conference Call, New Oriental provided guidance for fiscal year 2026, projecting total net revenue, including East Buy, to be between $5,145.3 million and $5,390.3 million, implying a year-over-year increase of 5% to 10%. For the first quarter of fiscal year 2026, the expected total net revenue is between $1,464.1 million and $1,507.2 million, representing a 2% to 5% year-over-year growth. The call emphasized a conservative approach for the first quarter due to an early Chinese New Year and high base effects from the previous year. The company also announced a three-year shareholder return plan, committing at least 50% of the net income attributable to New Oriental for dividend distributions or share repurchases. Additionally, the guidance highlighted the impact of economic conditions and international relations on the overseas business, while strong growth is anticipated in the K-12 sector. The company aims to enhance profitability through cost control and efficiency measures, with expectations of margin improvements in fiscal year 2026.

Revenue Growth in Core Segments

Q4 total net revenue increased by 18.7% year-over-year, with overseas test prep business up 15%, overseas studies consulting up 8%, and adults and university students business up 17%.

Strong Performance in New Educational Initiatives

New educational business initiatives reported a revenue increase of 33% year-over-year.

Significant Growth in Tourism-Related Business

Integrated tourism-related business recorded a revenue increase of about 71% year-over-year.

Advancements in AI and Intelligent Learning Systems

Launch of AI-powered intelligent learning devices and AI-driven smart study solutions, enhancing learning outcomes.

Positive Non-GAAP Financial Metrics

Non-GAAP operating income increased by 116.3% year-over-year, and non-GAAP net income increased by 59.4% year-over-year.

Shareholder Return Plan

A 3-year shareholder return plan was approved, allocating no less than 50% of net income to dividends and/or share repurchases.

New Oriental Education Tech (EDU) Earnings, Revenues Date & History

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EDU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2026 (Q1)	1.50 / -	1.6	―	―	―
Jul 30, 2025	2025 (Q4)	0.38 / 0.61	0.22	177.27% (+0.39)	―
Apr 23, 2025	2025 (Q3)	0.73 / 0.70	0.63	11.11% (+0.07)	―
Jan 21, 2025	2025 (Q2)	0.30 / 0.22	0.03	633.33% (+0.19)	―
Oct 23, 2024	2025 (Q1)	1.47 / 1.60	1.13	41.59% (+0.47)	―
Jul 31, 2024	2024 (Q4)	0.45 / 0.22	0.37	-40.54% (-0.15)	―
Apr 24, 2024	2024 (Q3)	0.73 / 0.63	0.56	12.50% (+0.07)	―
Jan 24, 2024	2024 (Q2)	0.26 / 0.03	0.01	200.00% (+0.02)	―
Oct 25, 2023	2024 (Q1)	0.80 / 1.13	0.48	135.42% (+0.65)	―
Jul 26, 2023	2023 (Q4)	0.49 / 0.37	-0.94	139.36% (+1.31)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EDU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$46.75	$44.37	-5.09%
Apr 23, 2025	$44.39	$44.09	-0.68%
Jan 21, 2025	$60.84	$46.71	-23.22%
Oct 23, 2024	$67.13	$61.48	-8.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.