New Oriental Education & Technology (EDU) Cost of Revenue (2009 - 2026)
New Oriental Education & Technology's (EDU) quarterly Cost of Revenue came in at $717.3 million in Q2 2026, up 25.87% YoY from $569.9 million in Q2 2025, and up 9.32% on a QoQ basis from $656.2 million in Q1 2026.
New Oriental Education & Technology (EDU) Cost of Revenue (2009 - 2026) Analysis & Trends
New Oriental Education & Technology (EDU) has 18 years of Cost of Revenue data on file, last reported at $717.3 million in Q2 2026.
- Quarterly Cost of Revenue rose 25.87% year-over-year to $717.3 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $2.6 billion (up 17.63% YoY) and the FY2026 annual result came in at $2.6 billion, up 17.63% from the prior year.
- Cost of Revenue grew to $717.3 million in Q2 2026, from $656.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $717.3 million in Q2 2026 to a low of $247.8 million in Q2 2022.
- A 5-year average of $490.7 million and a median of $514.9 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue plunged 57.19% — and 2024, when it soared 74.47%.
- Tracing EDU's Cost of Revenue over 5 years: stood at $336.2 million in 2022, then grew by 25.69% to $422.6 million in 2023, then increased by 17.93% to $498.3 million in 2024, then climbed by 11.75% to $556.9 million in 2025, then gained by 28.81% to $717.3 million in 2026.
- The last three Cost of Revenue figures came in at $717.3 million (Q2 2026), $656.2 million (Q1 2026), and $556.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 717.31 Mn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 8.21 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 378.20 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 525.48 Mn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 216.75 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 59.96 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 418.78 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 74.83 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 202.24 Mn |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 108.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 717.31 Mn |
| May 31, 2026 | 717.31 Mn |
| 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 |