New Oriental Education & Technology Group Inc.
neworiental.orgWhat Do They Do?
Provides educational services and learning materials to students in China, and sells private-label products to consumers through East Buy’s online shops and livestreams.
20-F for FY2026, filed Sep 22, 2026We provide various educational programs, services and products. We deliver education to our students in traditional classroom setting, in a…View ↗
Educational Materials and DistributionView ↗
Private Label Products and Livestreaming E-commerce Business through East BuyView ↗
Upholding a multi-channel strategy to reach a wider consumer base, we have launched our livestreaming channels on Taobao, Wechat Mini…View ↗
How Do They Make Money?
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20-F for FY2026, filed Sep 22, 2026
FY2026 revenue by product or service ↗
$5.7B
-
20-F for FY2026, filed Sep 22, 2026
$5.7B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Net service revenues
|
86%
FY2023: 85%
|
Net service revenues, FY2026
$4.9B Sources
|
|
Net product revenues
|
14%
FY2023: 15%
|
Net product revenues, FY2026
$768.3M Sources
|
Who Are Their Customers?
Students across China take courses through its schools, learning centers and online platforms. Educational materials are sold through company bookstores and third-party distributors, while East Buy sells consumer goods through livestream channels and online shops.
20-F for FY2026, filed Sep 22, 2026We deliver our comprehensive educational programs, services and products to students across China through our nationwide physical network…View ↗
We distribute and sell books and other educational materials developed or licensed by us through our distribution channels, which consist…View ↗
We develop and edit educational materials for language training and test preparation and distribute these materials through various…View ↗
Upholding a multi-channel strategy to reach a wider consumer base, we have launched our livestreaming channels on Taobao, Wechat Mini…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2026 and turned 14 cents into free cash flow.
20-F for FY2026, filed Sep 22, 2026
$643.3MView ↗
20-F for FY2026, filed Sep 22, 2026
$475.2MView ↗
20-F for FY2026, filed Sep 22, 2026
$780.2MView ↗
How Are They Changing?
Growing. Revenue grew 82% in 4 years, from $3.1B in FY2022 to $5.7B in FY2026, about 16% a year.
Online education moves into education services
The older report describes online education as a business under East Buy; the latest says New Oriental acquired East Buy’s online education business and records it under educational services, primarily test preparation courses.
20-F for FY2023, filed Sep 25, 2023 20-F for FY2026, filed Sep 22, 2026Online EducationView ↗
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