The earnings call presented a mixed financial performance with strong revenue growth in certain segments and new business initiatives, but also highlighted significant challenges such as operating losses and goodwill impairment. The company remains optimistic with strategic investments in AI and a new shareholder return plan, but faces slower growth expectations due to external factors.

Company Guidance

During the fourth quarter of fiscal year 2025, New Oriental reported a strong financial performance. The company's total net revenue, excluding East Buy, increased by 18.7% year-over-year. Its non-GAAP operating margin reached 6.5%, marking a year-over-year improvement of 410 basis points. The overseas test prep business saw a 15% revenue increase, while the overseas studies consulting business rose by 8%. The adults and university students business experienced a 17% revenue growth. New educational initiatives, particularly in non-academic tutoring and intelligence learning systems, reported a 33% revenue increase. The integrated tourism-related business line, which includes study tours and research camps, showed a remarkable 71% revenue growth. Looking ahead to fiscal year 2026, New Oriental expects total net revenue, including East Buy, to range from $5,145.3 million to $5,390.3 million, representing a 5% to 10% year-over-year increase. The company also announced a new three-year shareholder return plan, committing to return at least 50% of net income to shareholders through dividends and/or share repurchases.

Revenue Growth Across Segments

Total net revenue increased by 18.7% year-over-year, with significant contributions from new ventures. Overseas test prep business revenue increased by 15%, overseas studies consulting by 8%, and adults and university students business by 17%.

Strong Performance in New Business Initiatives

New educational business initiatives reported a 33% revenue increase year-over-year. Integrated tourism-related business recorded a revenue increase of about 71% year-over-year.

AI Integration and Technological Advancements

Developed AI-powered intelligent learning devices and smart study solutions, enhancing learning outcomes and internal efficiency.

Non-GAAP Financial Improvements

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

Board approved a 3-year shareholder return plan, with at least 50% of net income attributed to shareholder returns through 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.