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New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2026

EDU
  • New Oriental Education & Technology Group Inc. reported unaudited financial results for the third fiscal quarter ended February 28, 2026.
  • Total net revenues for the quarter increased 19.8% year over year to US$1,417.3 million.
  • Operating income rose 44.8% year over year to US$180.3 million, with a non-GAAP operating income of US$202.9 million.
  • Net income attributable to New Oriental increased 45.3% year over year to US$126.8 million.
  • Revenue from overseas test preparation grew approximately 7.4%, while domestic test preparation for adults and university students grew approximately 14.5%.
  • New educational business initiatives saw a 23.3% year-over-year revenue growth.
  • Non-academic tutoring courses expanded to around 60 cities with approximately 458,000 student enrollments in the quarter.
  • The intelligent learning system and devices were adopted in around 60 cities with approximately 367,000 active paid users.
  • The company serves over 330,000 families across 12 cities with a comprehensive customer service system.
  • East Buy, the e-commerce subsidiary, launched multiple live-streaming accounts on Douyin with a multi-account matrix covering home, fruit, vegetables, nutrition, and health.
  • The board approved a second dividend installment of US$0.06 per common share (US$0.60 per ADS) payable around June 2026.
  • The company repurchased approximately 3.3 million ADSs for US$184.3 million under its US$300 million share repurchase program as of April 21, 2026.
  • Cash and cash equivalents stood at US$1,783.4 million as of February 28, 2026.
  • Deferred revenue increased 7.8% year over year to US$1,885.9 million.
  • Full-year 2026 revenue guidance was raised to a range of US$5,561.4 million to US$5,598.7 million, representing 13% to 14% growth.
  • Q4 FY2026 revenue is forecasted to be between US$1,429.6 million and US$1,466.9 million, reflecting 15% to 18% year-over-year growth.
  • Management emphasized AI integration across the education ecosystem to improve teaching standards and operational efficiency.