NYSE$EDU
New Oriental Education & Technology Group Inc-ADR · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
New Oriental Q3 FY25 revenue dips 2% to $1.18B as core education revenue grows 21%
New Oriental Education & Technology Group reported unaudited results for the third fiscal quarter ended February 28, 2025. Total net revenues decreased 2.0% year over year to $1,183.1 million, but revenues excluding East Buy private label products and livestreaming rose 21.2% to $1,038.3 million on strength in educational new business initiatives. Operating income increased 9.8% to $124.5 million and GAAP operating margin was 10.5%. Net income attributable to New Oriental edged up 0.1% to $87.3 million; diluted EPS was $0.54 per ADS. Non-GAAP net income was $113.3 million, or $0.70 per ADS. Management noted margin pressure from slower overseas-related businesses and investment in tourism-related operations, but expects relief as cost-efficiency initiatives take hold.
- Total net revenue of $1,183.1M fell 2.0% YoY; excluding East Buy, revenue grew 21.2% to $1,038.3M.
- Operating income rose 9.8% to $124.5M; GAAP operating margin was 10.5% versus 9.4% a year earlier.
- Net income attributable to New Oriental was $87.3M (+0.1% YoY); diluted GAAP EPS was $0.54 per ADS.
- Non-GAAP net income was $113.3M (-14.3% YoY); non-GAAP diluted EPS was $0.70 per ADS.
- Core-education non-GAAP operating margin excluding East Buy was 13.3%, down from 15.1% on overseas and tourism investments.
Headline financials
Revenue & EPS history
New Oriental · Revenue · Quarterly
$1.18B
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
Management expects margin pressure on educational businesses to ease in the upcoming quarter and next fiscal year as cost reduction and facility utilization initiatives progress.
Tailwinds
- Core education revenue excluding East Buy up 21.2% YoY
- Operating income up 9.8% despite total revenue decline
Headwinds
- Overseas-related business slowdown and tourism integration investments press near-term margins
- Non-GAAP net income down 14.3% YoY
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 Q3 2025
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro