New Oriental Education & Technology (EDU) Cost of Revenue (2016 - 2026)
Quarterly Cost of Revenue rose 23.44% to $656.2 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $2.4 billion through Feb 2026, up 12.29% year-over-year, with the annual reading at $2.2 billion for FY2025, 230.51% up from the prior year.
New Oriental Education & Technology filings provide 18 years of Cost of Revenue readings, the most recent being $656.2 million for Q1 2026.
- Cost of Revenue hit $656.2 million in Q1 2026 for New Oriental Education & Technology, up from $556.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $656.2 million in Q1 2026 and bottomed at $247.8 million in Q2 2022.
- Average Cost of Revenue over 5 years is $477.4 million, with a median of $498.3 million recorded in 2024.
- The largest annual shift saw Cost of Revenue plummeted 57.19% in 2022 before it skyrocketed 74.47% in 2024.
- New Oriental Education & Technology's Cost of Revenue stood at $336.2 million in 2022, then increased by 25.69% to $422.6 million in 2023, then rose by 17.93% to $498.3 million in 2024, then grew by 11.75% to $556.9 million in 2025, then grew by 17.83% to $656.2 million in 2026.
- Per Business Quant, the three most recent readings for EDU's Cost of Revenue are $656.2 million (Q1 2026), $556.9 million (Q4 2025), and $637.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 8.44 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 394.99 Mn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 289.01 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 63.99 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 398.31 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 47.07 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 117.43 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | - |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 23.90 Mn |
| 10 | New Oriental Education & Technology | 12,389.00 | -3.10 Bn | 12,700.00 | 656.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 656.17 Mn |
| Feb 28, 2026 | 656.17 Mn |
| Nov 30, 2025 | 556.89 Mn |
| Nov 30, 2025 | 556.89 Mn |
| Aug 31, 2025 | 637.80 Mn |
| Aug 31, 2025 | 637.80 Mn |
| May 31, 2025 | 569.87 Mn |
| May 31, 2025 | 569.87 Mn |
| Feb 28, 2025 | 531.59 Mn |
| Feb 28, 2025 | 531.59 Mn |
| Nov 30, 2024 | 498.31 Mn |
| Nov 30, 2024 | 498.31 Mn |
| Aug 31, 2024 | 583.52 Mn |
| Aug 31, 2024 | 583.52 Mn |
| May 31, 2024 | 542.40 Mn |
| May 31, 2024 | 542.40 Mn |
| Feb 29, 2024 | 644.79 Mn |
| Feb 29, 2024 | 644.79 Mn |
| Nov 30, 2023 | 422.56 Mn |
| Nov 30, 2023 | 422.56 Mn |
| Aug 31, 2023 | 441.22 Mn |
| Aug 31, 2023 | 441.22 Mn |
| May 31, 2023 | 391.62 Mn |
| May 31, 2023 | 391.62 Mn |
| Feb 28, 2023 | 369.56 Mn |
| Feb 28, 2023 | 369.56 Mn |
| Nov 30, 2022 | 336.20 Mn |
| Nov 30, 2022 | 336.20 Mn |
| Aug 31, 2022 | 312.07 Mn |
| Aug 31, 2022 | 312.07 Mn |
| May 31, 2022 | 247.83 Mn |
| May 31, 2022 | 247.83 Mn |
| Feb 28, 2022 | 372.75 Mn |
| Feb 28, 2022 | 372.75 Mn |
| Nov 30, 2021 | 491.68 Mn |
| Nov 30, 2021 | 491.68 Mn |
| Aug 31, 2021 | 642.04 Mn |
| Aug 31, 2021 | 642.04 Mn |
| May 31, 2021 | 578.85 Mn |
| May 31, 2021 | 578.85 Mn |
| Feb 28, 2021 | 539.50 Mn |
| Feb 28, 2021 | 539.50 Mn |
| Nov 30, 2020 | 453.66 Mn |
| Nov 30, 2020 | 453.66 Mn |
| Aug 31, 2020 | 464.87 Mn |
| Aug 31, 2020 | 464.87 Mn |
| May 31, 2020 | 391.08 Mn |
| May 31, 2020 | 391.08 Mn |
| Feb 29, 2020 | 398.63 Mn |
| Feb 29, 2020 | 398.63 Mn |
| Nov 30, 2019 | 358.96 Mn |
| Nov 30, 2019 | 358.96 Mn |
| Aug 31, 2019 | 440.23 Mn |
| Aug 31, 2019 | 440.23 Mn |
| May 31, 2019 | 371.24 Mn |
| May 31, 2019 | 371.24 Mn |
| Feb 28, 2019 | 337.52 Mn |
| Feb 28, 2019 | 337.52 Mn |
| Nov 30, 2018 | 300.11 Mn |
| Nov 30, 2018 | 300.11 Mn |
| Aug 31, 2018 | 367.40 Mn |
| Aug 31, 2018 | 367.40 Mn |
| May 31, 2018 | 299.47 Mn |
| May 31, 2018 | 299.47 Mn |
| Feb 28, 2018 | 268.82 Mn |
| Feb 28, 2018 | 268.82 Mn |
| Nov 30, 2017 | 227.26 Mn |
| Nov 30, 2017 | 227.26 Mn |
| Aug 31, 2017 | 270.19 Mn |
| Aug 31, 2017 | 270.19 Mn |
| May 31, 2017 | 199.26 Mn |
| May 31, 2017 | 199.26 Mn |
| Feb 28, 2017 | 183.55 Mn |
| Feb 28, 2017 | 183.55 Mn |
| Nov 30, 2016 | 163.41 Mn |
| Nov 30, 2016 | 163.41 Mn |
| Aug 31, 2016 | 203.37 Mn |
| Aug 31, 2016 | 203.37 Mn |
| May 31, 2016 | 163.43 Mn |
| May 31, 2016 | 163.43 Mn |