NYSE$EDU
New Oriental Education & Technology Group Inc-ADR · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
New Oriental's Q1 2026 earnings report was released, detailing financial and operating performance for the quarter ended August 31, 2025.
New Oriental reported a healthy start to fiscal year 2026 with total net revenues increasing by 6.1% year over year to $1,523.0 million, surpassing expectations. Operating income also saw a 6.0% increase, while net income attributable to New Oriental slightly decreased by 1.9%. The growth was primarily driven by new educational business initiatives and strong performance in domestic test preparation for adults and university students.
- Total net revenues increased by 6.1% year over year to $1,523.0 million, exceeding the upper end of the company's expected range.
- Operating income grew by 6.0% to $310.8 million, while non-GAAP operating margin improved by 100 basis points to 22.0%.
- Net income attributable to New Oriental decreased by 1.9% to $240.7 million, and non-GAAP net income also saw a slight decrease of 1.6%.
- New educational business initiatives recorded a significant revenue growth of 15.3%, and the domestic test preparation business for adults and university students grew by 14.4%.
Headline financials
Revenue & EPS history
New Oriental · Revenue · Quarterly
$1.52B
Revenue by segment
New Oriental · $1.18B total across 2 segments · Q3 2025
- Core education (ex-East Buy)$1.04B—87.8%
- East Buy private label & livestreaming$145M—12.2%
Forward guidance
New Oriental expects total net revenues for the second quarter of fiscal year 2026 to be between $1,132.1 million and $1,163.3 million, representing a year-over-year increase of 9% to 12%. The company also reaffirmed its full fiscal year 2026 revenue guidance of $5,145.3 million to $5,390.3 million, indicating a 5% to 10% year-over-year increase.
Tailwinds
- Projected Q2 FY2026 revenue growth of 9% to 12% year over year.
- Reaffirmed full fiscal year 2026 revenue growth guidance of 5% to 10%.
- Continued focus on enhancing core education business and product capabilities.
- Strategic investment in OMO teaching system and AI technologies for improved learning experience.
- Expansion of AI application to streamline internal operations and enhance efficiency.
Headwinds
- Forecasts are subject to change based on current and preliminary views.
- Guidance is based on the current USD/RMB exchange rate, which is subject to change.
- Challenges posed by the continued slowdown in overseas businesses.
- Potential uncertainties related to the interpretation and implementation of PRC laws and regulations.
- Competition in the private education sector and livestreaming e-commerce business in China.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-0.1%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
50%
25 / 50 earnings
Positive
+23.5%
Q1 2023
Best reaction
-57.3%
Q4 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -3.4% | -7.2% | -17.7% | |
| Q2 2026 | +5.4% | +10.9% | -2.4% | |
| Q1 2026 | -3.4% | -1.7% | -16.1% | |
| Q4 2025 | -5.4% | -1.1% | +2.6% | |
| Q3 2025 | -0.7% | +5.8% | +4.6% | |
| Q1 2025 | -8.9% | -4.4% | -14.6% | |
| Q4 2024 | -10.8% | -5.7% | -11.2% | |
| Q3 2024 | -11.1% | -8.1% | -12.8% | |
| Q2 2024 | +12.6% | +5.8% | +27.3% | |
| Q1 2024 | +4.2% | +3.9% | +20.1% | |
| Q4 2023 | +5.6% | +12.6% | +9.9% | |
| Q3 2023 | +14.0% | +10.3% | -3.9% | |
| Q2 2023 | -4.4% | +3.6% | -2.7% | |
| Q1 2023 | +23.5% | +12.7% | +18.9% | |
| Q4 2022 | +20.6% | +9.3% | +17.0% | |
| Q3 2022 | +3.7% | +20.7% | +13.6% | |
| Q4 2021 | -1.0% | -5.6% | +21.9% | |
| Q3 2021 | +8.4% | +6.1% | -22.6% | |
| Q2 2021 | -6.0% | -7.0% | +5.4% | |
| Q1 2021 | -3.2% | -3.5% | -0.4% | |
| Q4 2020 | -3.2% | +0.3% | +4.6% | |
| Q3 2020 | +4.0% | +0.7% | +7.3% | |
| Q2 2020 | -2.6% | -8.2% | +4.4% | |
| Q1 2020 | -3.5% | +3.7% | +1.5% | |
| Q4 2019 | +9.0% | +6.8% | +8.5% | |
| Q3 2019 | -0.1% | +4.6% | -10.2% | |
| Q2 2019 | +10.5% | +17.6% | +18.9% | |
| Q1 2019 | -18.4% | -9.5% | -13.2% | |
| Q4 2018 | -1.0% | -2.5% | -17.5% | |
| Q3 2018 | +1.9% | +3.8% | +20.1% | |
| Q2 2018 | -9.0% | -4.6% | -6.6% | |
| Q1 2018 | -5.4% | -9.2% | -5.0% | |
| Q4 2017 | +3.0% | -0.8% | +3.4% | |
| Q3 2017 | +6.5% | +2.8% | +16.6% | |
| Q2 2017 | -1.8% | -0.6% | +1.5% | |
| Q1 2017 | +8.2% | +6.6% | +5.8% | |
| Q4 2016 | +6.3% | +5.3% | +2.5% | |
| Q3 2016 | +8.4% | — | — | |
| Q2 2016 | +2.7% | — | — | |
| Q1 2015 | +9.7% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2014 | -4.6% | — | — | |
| Q4 2012 | -57.3% | — | — | |
| Q2 2012 | -11.5% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q2 2011 | +2.1% | — | — | |
| Q3 2010 | -2.1% | — | — |
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