New Oriental Education & Technology (EDU) Cost of Revenue (2009 - 2026)
New Oriental Education & Technology (EDU) recorded Cost of Revenue of $816.97 million in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 28.1% from $637.8 million a year earlier and up 13.9% from the prior quarter.
New Oriental Education & Technology (EDU) Cost of Revenue (2009 - 2026) Analysis & Trends
On a TTM basis, New Oriental Education & Technology's Cost of Revenue came in at $2.75 billion as of Aug 31, 2026, up 22.8% year-over-year; for FY2026 (ended May 31, 2026), it was $2.57 billion, up 17.6% from FY2025.
- Annual Cost of Revenue has increased for three straight fiscal years, with a five-year compound annual growth rate of 4.7% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $2.18 billion in FY2025 (+6.5%), $2.05 billion in FY2024 (+45.5%), $1.41 billion in FY2023 (-19.7%) and $1.75 billion in FY2022 (-13.9%).
- The fiscal Q1 2027 figure is the highest quarterly Cost of Revenue in data going back to fiscal Q3 2009.
- On a year-over-year basis, Cost of Revenue has increased for six consecutive quarters, with growth averaging 13.0% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 74.5% in fiscal Q3 2024, against a decline of 57.2% in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $717.31 million (Q4 2026), $656.17 million (Q3 2026) and $556.89 million (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Service Corp International | 10.06 Bn | 9.12 Bn | 272.27 Mn | 834.99 Mn |
| 2 | New Oriental Education & Technology | 8.68 Bn | -2.70 Bn | 20,000.00 | 816.97 Mn |
| 3 | TAL Education | 5.79 Bn | -6.69 Bn | 594.64 Mn | 400.01 Mn |
| 4 | Graham Holdings | 5.18 Bn | 243.01 Mn | 392.25 Mn | 933.79 Mn |
| 5 | Laureate Education | 4.67 Bn | 4.02 Bn | 131.69 Mn | 353.40 Mn |
| 6 | Valvoline | 4.45 Bn | 4.16 Bn | 214.90 Mn | 329.70 Mn |
| 7 | Covista | 3.73 Bn | 2.90 Bn | 290.78 Mn | 220.76 Mn |
| 8 | Onespaworld Holdings | 3.16 Bn | 3.05 Bn | 49.70 Mn | 226.83 Mn |
| 9 | Stride | 3.11 Bn | -66.08 Mn | 241.12 Mn | 398.26 Mn |
| 10 | Bright Horizons Family Solutions | 2.77 Bn | 2.21 Bn | 204.83 Mn | 636.65 Mn |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 816.97 Mn |
| May 31, 2026 | 717.31 Mn |
| Feb 28, 2026 | 656.17 Mn |
| Nov 30, 2025 | 556.89 Mn |
| Aug 31, 2025 | 637.80 Mn |
| May 31, 2025 | 569.87 Mn |
| Feb 28, 2025 | 531.59 Mn |
| Nov 30, 2024 | 498.31 Mn |
| Aug 31, 2024 | 583.52 Mn |
| May 31, 2024 | 542.40 Mn |
| Feb 29, 2024 | 644.79 Mn |
| Nov 30, 2023 | 422.56 Mn |
| Aug 31, 2023 | 441.22 Mn |
| May 31, 2023 | 391.62 Mn |
| Feb 28, 2023 | 369.56 Mn |
| Nov 30, 2022 | 336.20 Mn |
| Aug 31, 2022 | 312.07 Mn |
| May 31, 2022 | 247.83 Mn |
| Feb 28, 2022 | 372.75 Mn |
| Nov 30, 2021 | 491.68 Mn |
New Oriental Education & Technology Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=EDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "EDU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=EDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();