New Oriental Education & Technology Group (EDU) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-05-31$3.00B-3.46%
2022-05-31$3.11B-27.39%
2021-05-31$4.28B19.50%
2020-05-31$3.58B15.57%
2019-05-31$3.10B26.52%
2018-05-31$2.45B36.01%
2017-05-31$1.80B21.72%
2016-05-31$1.48B18.57%
2015-05-31$1.25B9.47%
2014-05-31$1.14B18.65%
2013-05-31$959.85M24.38%
2012-05-31$771.72M38.33%
2011-05-31$557.87M44.41%
2010-05-31$386.31M32.04%
2009-05-31$292.57M45.55%
2008-05-31$201.00M47.31%
2007-05-31$136.44M38.77%
2006-05-31$98.32M26.51%
2005-05-31$77.72M45.60%
2004-05-31$53.38M27.24%
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

DateRevenueChange
2024-02-29$1.21B38.83%
2023-11-30$869.60M-20.95%
2023-08-31$1.10B27.82%
2023-05-31$860.57M14.11%
2023-02-28$754.15M18.17%
2022-11-30$638.21M-14.31%
2022-08-31$744.82M42.14%
2022-05-31$524.02M-14.67%
2022-02-28$614.09M-6.72%
2021-11-30$658.32M-49.70%
2021-08-31$1.31B7.99%
2021-05-31$1.21B1.80%
2021-02-28$1.19B34.11%
2020-11-30$887.69M-10.00%
2020-08-31$986.37M23.53%
2020-05-31$798.47M-13.51%
2020-02-29$923.22M17.58%
2019-11-30$785.21M-26.74%
2019-08-31$1.07B27.16%
2019-05-31$842.85M5.79%
2019-02-28$796.72M33.44%
2018-11-30$597.07M-30.56%
2018-08-31$859.85M22.66%
2018-05-31$701.00M13.42%
2018-02-28$618.08M32.30%
2017-11-30$467.18M-29.34%
2017-08-31$661.16M35.94%
2017-05-31$486.35M11.08%
2017-02-28$437.85M28.31%
2016-11-30$341.24M-36.11%
2016-08-31$534.07M35.25%
2016-05-31$394.87M13.82%
2016-02-29$346.91M24.75%
2015-11-30$278.08M-39.35%
2015-08-31$458.49M39.44%
2015-05-31$328.81M14.28%
2015-02-28$287.73M21.80%
2014-11-30$236.24M-40.04%
2014-08-31$393.98M37.04%
2014-05-31$287.49M13.00%
2014-02-28$254.41M22.12%
2013-11-30$208.33M-46.40%
2013-08-31$388.66M62.18%
2013-05-31$239.65M9.69%
2013-02-28$218.47M31.69%
2012-11-30$165.91M-50.60%
2012-08-31$335.83M73.75%
2012-05-31$193.29M10.79%
2012-02-29$174.47M32.19%
2011-11-30$131.98M-51.47%
2011-08-31$271.98M97.97%
2011-05-31$137.39M3.67%
2011-02-28$132.52M38.53%
2010-11-30$95.66M-50.26%
2010-08-31$192.31M122.11%
2010-05-31$86.58M-2.90%
2010-02-28$89.17M45.71%
2009-11-30$61.20M-59.03%
2009-08-31$149.36M151.34%
2009-05-31$59.43M-9.20%
2009-02-28$65.45M32.41%
2008-11-30$49.43M-58.20%
2008-08-31$118.26M194.42%
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/ServiceMay 24May 23May 22May 21May 20
Service$3.50B$2.54B---
Product$812.59M$453.03M---
Educational Programs And Services--$2.54B--
Books and Other Services---$339.57M$348.30M

New Oriental Education & Technology Group's latest annual revenue breakdown by segment (product or service), as of May 24: Service (81.16%), and Product (18.84%).

New Oriental Education & Technology Group Revenue Breakdown by Country

Annual Revenue by Country

CountryMay 22May 21May 20May 19May 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


TickerCompanyLast Year RevenueLast Quarter Revenue
DAOYoudao$5.39B$1.39B
EDUNew Oriental Education & Technology Group$3.00B$1.21B
GOTUGaotu Techedu$2.96B$946.88M
STGSunlands Technology Group$2.16B$523.24M
TALTAL Education Group$1.49B$429.56M
VSTAVasta Platform$1.49B$460.72M
STRAStrategic Education$1.13B$305.96M
IHiHuman$1.02B$250.45M
TWOU2U$945.95M$180.68M
CHGGChegg$716.29M$163.15M
COURCoursera$635.76M$176.09M
YQ17 Education & Technology Group$170.96M$25.50M
EEIQElite 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 24 are Service, and Product. Service generated $3.5B in revenue, accounting 81.16% of the company's total revenue, up 37.58% year-over-year. Product generated $812.59M in revenue, accounting 18.84% of the company's total revenue, up 79.37% year-over-year.

What is New Oriental Education & Technology Group’s main source of revenue?

For the fiscal year ending May 24, the largest source of revenue of New Oriental Education & Technology Group was Service. This segment made a revenue of $3.5B, representing 81.16% of the company's total revenue.