New Oriental Education & Technology (EDU) Cost of Revenue (2009 - 2026)
New Oriental Education & Technology (EDU) recorded Cost of Revenue of $717.31 million in fiscal Q4 2026 (quarter ended May 31, 2026), up 25.9% from $569.87 million a year earlier and up 9.3% from the prior quarter.
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Analysis
New Oriental Education & Technology (EDU) Cost of Revenue (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), New Oriental Education & Technology reported Cost of Revenue of $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 Q4 2026 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 five consecutive quarters, with growth averaging 13.5% 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 $656.17 million (Q3 2026), $556.89 million (Q2 2026) and $637.8 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Service Corp International | 11.15 Bn | 10.15 Bn | 273.50 Mn | 829.79 Mn |
| 2 | New Oriental Education & Technology | 9.53 Bn | -1.61 Bn | 5,600.00 | 717.31 Mn |
| 3 | TAL Education | 7.16 Bn | -5.83 Bn | 438.20 Mn | 320.18 Mn |
| 4 | Laureate Education | 5.43 Bn | 4.73 Bn | 237.67 Mn | 378.20 Mn |
| 5 | Graham Holdings | 5.11 Bn | 202.28 Mn | 392.03 Mn | 910.48 Mn |
| 6 | Covista | 4.47 Bn | 3.59 Bn | 284.63 Mn | 216.75 Mn |
| 7 | Valvoline | 4.04 Bn | 3.75 Bn | 214.90 Mn | 329.70 Mn |
| 8 | Bright Horizons Family Solutions | 3.63 Bn | 3.07 Bn | 188.96 Mn | 590.22 Mn |
| 9 | Stride | 3.55 Bn | 446.85 Mn | 217.28 Mn | 418.78 Mn |
| 10 | Onespaworld Holdings | 2.43 Bn | 2.33 Bn | 44.57 Mn | 216.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Aug 31, 2021 | 642.04 Mn |
API Access
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();