New Oriental Education & Technology Group (EDU) Revenue & Revenue Breakdown
New Oriental Education & Technology Group Revenue Highlights
Latest Revenue (Y)
$3.00B
Latest Revenue (Q)
$1.21B
Main Segment (Y)
Service
Main Geography (Y)
Educational Programs And Services
New Oriental Education & Technology Group Revenue by Period
New Oriental Education & Technology Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-05-31 | $3.00B | -3.46% |
| 2022-05-31 | $3.11B | -27.39% |
| 2021-05-31 | $4.28B | 19.50% |
| 2020-05-31 | $3.58B | 15.57% |
| 2019-05-31 | $3.10B | 26.52% |
| 2018-05-31 | $2.45B | 36.01% |
| 2017-05-31 | $1.80B | 21.72% |
| 2016-05-31 | $1.48B | 18.57% |
| 2015-05-31 | $1.25B | 9.47% |
| 2014-05-31 | $1.14B | 18.65% |
| 2013-05-31 | $959.85M | 24.38% |
| 2012-05-31 | $771.72M | 38.33% |
| 2011-05-31 | $557.87M | 44.41% |
| 2010-05-31 | $386.31M | 32.04% |
| 2009-05-31 | $292.57M | 45.55% |
| 2008-05-31 | $201.00M | 47.31% |
| 2007-05-31 | $136.44M | 38.77% |
| 2006-05-31 | $98.32M | 26.51% |
| 2005-05-31 | $77.72M | 45.60% |
| 2004-05-31 | $53.38M | 27.24% |
| 2003-05-31 | $41.95M | - |
New Oriental Education & Technology Group generated $3.00B in revenue during NA 2023, up -3.46% compared to the previous quarter, and up 122.49% compared to the same period a year ago.
New Oriental Education & Technology Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-02-29 | $1.21B | 38.83% |
| 2023-11-30 | $869.60M | -20.95% |
| 2023-08-31 | $1.10B | 27.82% |
| 2023-05-31 | $860.57M | 14.11% |
| 2023-02-28 | $754.15M | 18.17% |
| 2022-11-30 | $638.21M | -14.31% |
| 2022-08-31 | $744.82M | 42.14% |
| 2022-05-31 | $524.02M | -14.67% |
| 2022-02-28 | $614.09M | -6.72% |
| 2021-11-30 | $658.32M | -49.70% |
| 2021-08-31 | $1.31B | 7.99% |
| 2021-05-31 | $1.21B | 1.80% |
| 2021-02-28 | $1.19B | 34.11% |
| 2020-11-30 | $887.69M | -10.00% |
| 2020-08-31 | $986.37M | 23.53% |
| 2020-05-31 | $798.47M | -13.51% |
| 2020-02-29 | $923.22M | 17.58% |
| 2019-11-30 | $785.21M | -26.74% |
| 2019-08-31 | $1.07B | 27.16% |
| 2019-05-31 | $842.85M | 5.79% |
| 2019-02-28 | $796.72M | 33.44% |
| 2018-11-30 | $597.07M | -30.56% |
| 2018-08-31 | $859.85M | 22.66% |
| 2018-05-31 | $701.00M | 13.42% |
| 2018-02-28 | $618.08M | 32.30% |
| 2017-11-30 | $467.18M | -29.34% |
| 2017-08-31 | $661.16M | 35.94% |
| 2017-05-31 | $486.35M | 11.08% |
| 2017-02-28 | $437.85M | 28.31% |
| 2016-11-30 | $341.24M | -36.11% |
| 2016-08-31 | $534.07M | 35.25% |
| 2016-05-31 | $394.87M | 13.82% |
| 2016-02-29 | $346.91M | 24.75% |
| 2015-11-30 | $278.08M | -39.35% |
| 2015-08-31 | $458.49M | 39.44% |
| 2015-05-31 | $328.81M | 14.28% |
| 2015-02-28 | $287.73M | 21.80% |
| 2014-11-30 | $236.24M | -40.04% |
| 2014-08-31 | $393.98M | 37.04% |
| 2014-05-31 | $287.49M | 13.00% |
| 2014-02-28 | $254.41M | 22.12% |
| 2013-11-30 | $208.33M | -46.40% |
| 2013-08-31 | $388.66M | 62.18% |
| 2013-05-31 | $239.65M | 9.69% |
| 2013-02-28 | $218.47M | 31.69% |
| 2012-11-30 | $165.91M | -50.60% |
| 2012-08-31 | $335.83M | 73.75% |
| 2012-05-31 | $193.29M | 10.79% |
| 2012-02-29 | $174.47M | 32.19% |
| 2011-11-30 | $131.98M | -51.47% |
| 2011-08-31 | $271.98M | 97.97% |
| 2011-05-31 | $137.39M | 3.67% |
| 2011-02-28 | $132.52M | 38.53% |
| 2010-11-30 | $95.66M | -50.26% |
| 2010-08-31 | $192.31M | 122.11% |
| 2010-05-31 | $86.58M | -2.90% |
| 2010-02-28 | $89.17M | 45.71% |
| 2009-11-30 | $61.20M | -59.03% |
| 2009-08-31 | $149.36M | 151.34% |
| 2009-05-31 | $59.43M | -9.20% |
| 2009-02-28 | $65.45M | 32.41% |
| 2008-11-30 | $49.43M | -58.20% |
| 2008-08-31 | $118.26M | 194.42% |
| 2008-05-31 | $40.17M | -16.49% |
| 2008-02-29 | $48.10M | - |
New Oriental Education & Technology Group generated $1.21B in revenue during Q3 2024, up 38.83% compared to the previous quarter, and up 189.17% compared to the same period a year ago.
New Oriental Education & Technology Group Revenue Breakdown
New Oriental Education & Technology Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | May 23 | May 22 | May 21 | May 20 | May 19 |
|---|---|---|---|---|---|
| Product | $453.03M | - | - | - | - |
| Service | $2.54B | - | - | - | - |
| Educational Programs And Services | - | $2.54B | $179.43M | - | - |
| Books and Other Services | - | - | $339.57M | $348.30M | $311.24M |
New Oriental Education & Technology Group's latest annual revenue breakdown by segment (product or service), as of May 23: Service (84.89%), and Product (15.11%).
New Oriental Education & Technology Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | May 22 | May 21 | May 20 | May 19 | May 18 |
|---|---|---|---|---|---|
| Educational Programs And Services | $2.54B | $179.43M | - | - | - |
| Books and Other Services | - | $339.57M | $348.30M | $311.24M | $282.28M |
New Oriental Education & Technology Group's latest annual revenue breakdown by geography, as of May 22: Educational Programs And Services (100.00%).
New Oriental Education & Technology Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| DAO | Youdao | $5.39B | $1.39B |
| EDU | New Oriental Education & Technology Group | $3.00B | $1.21B |
| GOTU | Gaotu Techedu | $2.96B | $946.88M |
| STG | Sunlands Technology Group | $2.16B | $523.24M |
| TAL | TAL Education Group | $1.49B | $429.56M |
| VSTA | Vasta Platform | $1.49B | $460.72M |
| STRA | Strategic Education | $1.13B | $312.27M |
| IH | iHuman | $1.02B | $250.45M |
| TWOU | 2U | $945.95M | $180.68M |
| CHGG | Chegg | $716.29M | $163.15M |
| COUR | Coursera | $635.76M | $170.34M |
| YQ | 17 Education & Technology Group | $170.96M | $25.50M |
| EEIQ | Elite Education Group | $5.71M | $2.29M |
EDU Revenue FAQ
What is New Oriental Education & Technology Group’s yearly revenue?
New Oriental Education & Technology Group's yearly revenue for 2023 was $3B, representing a decrease of -3.46% compared to 2022. The company's yearly revenue for 2022 was $3.11B, representing a decrease of -27.39% compared to 2021. EDU's yearly revenue for 2021 was $4.28B, representing an increase of 19.50% compared to 2020.
What is New Oriental Education & Technology Group’s quarterly revenue?
New Oriental Education & Technology Group's quarterly revenue for Q3 2024 was $1.21B, a 38.83% increase from the previous quarter (Q2 2024), and a 60.09% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $869.6M, a -20.95% decrease from the previous quarter (Q1 2024), and a 36.26% increase year-over-year (Q2 2023). EDU's quarterly revenue for Q1 2024 was $1.1B, a 27.82% increase from the previous quarter (Q4 2023), and a 47.69% increase year-over-year (Q1 2023).
What is New Oriental Education & Technology Group’s revenue growth rate?
New Oriental Education & Technology Group's revenue growth rate for the last 3 years (2021-2023) was -29.90%, and for the last 5 years (2019-2023) was -3.19%.
What are New Oriental Education & Technology Group’s revenue streams?
New Oriental Education & Technology Group's revenue streams in y 23 are Product, and Service. Product generated $453.03M in revenue, accounting 15.11% of the company's total revenue Service generated $2.54B in revenue, accounting 84.89% of the company's total revenue
What is New Oriental Education & Technology Group’s main source of revenue?
For the fiscal year ending May 23, the largest source of revenue of New Oriental Education & Technology Group was Service. This segment made a revenue of $2.54B, representing 84.89% of the company's total revenue.