New Oriental Education & Technology Group Inc. (EDU)

EDU Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Revenue	4,900	4,314	2,998	3,105	4,277
Revenue Growth (YoY)	13.60%	43.89%	-3.46%	-27.39%	19.50%
Cost of Revenue	2,183	2,051	1,409	1,754	2,037
Gross Profit	2,717	2,263	1,588	1,351	2,240
Selling, General & Admin	2,228	1,912	1,398	1,878	2,086
Operating Expenses	2,228	1,912	1,398	1,878	2,086
Operating Income	488.55	350.43	190.05	-527.27	153.29
Interest Expense	-0.31	-0.3	-0.71	-4.05	-6.75
Interest & Investment Income	119.61	153.59	114.45	123.54	141.51
Earnings From Equity Investments	-14.26	-58.93	-7.1	-51.47	-1.37
Other Non Operating Income (Expenses)	3.71	0.92	12.89	32.41	103.44
EBT Excluding Unusual Items	597.3	445.71	309.58	-426.83	390.13
Impairment of Goodwill	-60.3	-	-	-	-28.86
Gain (Loss) on Sale of Investments	-14.87	-10.8	-8.15	-122.28	-40.5
Gain (Loss) on Sale of Assets	-	-	-	-79.61	-
Asset Writedown	-	-	-	-455.24	-7.16
Pretax Income	522.13	434.91	301.43	-1,084	313.61
Income Tax Expense	146.29	109.69	66.07	136.31	83.59
Earnings From Continuing Operations	375.83	325.22	235.36	-1,220	230.02
Minority Interest in Earnings	-4.12	-15.63	-58.02	32.56	104.39
Net Income	371.72	309.59	177.34	-1,188	334.41
Net Income to Common	371.72	309.59	177.34	-1,188	334.41
Net Income Growth	20.07%	74.57%	-	-	-19.09%
Shares Outstanding (Basic)	162	165	168	170	165
Shares Outstanding (Diluted)	163	167	169	170	165
Shares Change (YoY)	-2.30%	-0.96%	-0.64%	2.69%	3.55%
EPS (Basic)	2.29	1.87	1.06	-7.00	2.03
EPS (Diluted)	2.29	1.80	1.00	-7.00	2.00
EPS Growth	27.50%	80.00%	-	-	-23.08%
Free Cash Flow	654.65	873.25	827.96	-1,431	700.89
Free Cash Flow Per Share	4.01	5.23	4.91	-8.44	4.24
Gross Margin	55.45%	52.45%	52.98%	43.51%	52.37%
Operating Margin	9.97%	8.12%	6.34%	-16.98%	3.58%
Profit Margin	7.59%	7.18%	5.92%	-38.25%	7.82%
Free Cash Flow Margin	13.36%	20.24%	27.62%	-46.09%	16.39%
EBITDA	634.44	457.25	312.75	-332.84	383.73
EBITDA Margin	12.95%	10.60%	10.43%	-10.72%	8.97%
D&A For EBITDA	145.89	106.82	122.7	194.43	230.44
EBIT	488.55	350.43	190.05	-527.27	153.29
EBIT Margin	9.97%	8.12%	6.34%	-16.98%	3.58%
Effective Tax Rate	28.02%	25.22%	21.92%	-	26.65%
Revenue as Reported	4,900	4,314	2,998	3,105	4,277
Advertising Expenses	123.96	86.49	49.37	43.52	-

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q