New Oriental Education & Technology (EDU) Operating Expenses (2016 - 2026)
Quarterly Operating Expenses rose 16.86% to $1.2 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $4.8 billion through Feb 2026, up 11.04% year-over-year, with the annual reading at $4.5 billion for FY2025, 12.84% up from the prior year.
New Oriental Education & Technology filings provide 18 years of Operating Expenses readings, the most recent being $1.2 billion for Q1 2026.
- Operating Expenses hit $1.2 billion in Q1 2026 for New Oriental Education & Technology, up from $1.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.3 billion in Q2 2025 and bottomed at $629.7 million in Q2 2022.
- Average Operating Expenses over 5 years is $953.1 million, with a median of $1.0 billion recorded in 2024.
- The largest annual shift saw Operating Expenses plummeted 55.08% in 2022 before it skyrocketed 59.07% in 2024.
- New Oriental Education & Technology's Operating Expenses stood at $640.7 million in 2022, then skyrocketed by 32.4% to $848.3 million in 2023, then rose by 20.17% to $1.0 billion in 2024, then increased by 10.37% to $1.1 billion in 2025, then grew by 9.94% to $1.2 billion in 2026.
- Per Business Quant, the three most recent readings for EDU's Operating Expenses are $1.2 billion (Q1 2026), $1.1 billion (Q4 2025), and $1.2 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | New Oriental Education & Technology | 12,389.00 | -3.10 Bn | 12,700.00 | 1.24 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 1.24 Bn |
| Nov 30, 2025 | 1.13 Bn |
| Aug 31, 2025 | 1.21 Bn |
| May 31, 2025 | 1.25 Bn |
| Feb 28, 2025 | 1.06 Bn |
| Nov 30, 2024 | 1.02 Bn |
| Aug 31, 2024 | 1.14 Bn |
| May 31, 2024 | 1.13 Bn |
| Feb 29, 2024 | 1.09 Bn |
| Nov 30, 2023 | 848.26 Mn |
| Aug 31, 2023 | 894.90 Mn |
| May 31, 2023 | 812.52 Mn |
| Feb 28, 2023 | 687.66 Mn |
| Nov 30, 2022 | 640.70 Mn |
| Aug 31, 2022 | 666.83 Mn |
| May 31, 2022 | 629.67 Mn |
| Feb 28, 2022 | 755.29 Mn |
| Nov 30, 2021 | 1.43 Bn |
| Aug 31, 2021 | 1.28 Bn |
| May 31, 2021 | 1.31 Bn |
| Feb 28, 2021 | 1.09 Bn |
| Nov 30, 2020 | 919.84 Mn |
| Aug 31, 2020 | -836.06 Mn |
| May 31, 2020 | 788.22 Mn |
| Feb 29, 2020 | 805.97 Mn |
| Nov 30, 2019 | 759.91 Mn |
| Aug 31, 2019 | -825.58 Mn |
| May 31, 2019 | 765.93 Mn |
| Feb 28, 2019 | 700.94 Mn |
| Nov 30, 2018 | 627.35 Mn |
| Aug 31, 2018 | 700.36 Mn |
| May 31, 2018 | 644.42 Mn |
| Feb 28, 2018 | 559.71 Mn |
| Nov 30, 2017 | 480.25 Mn |
| Aug 31, 2017 | 500.09 Mn |
| May 31, 2017 | 434.52 Mn |
| Feb 28, 2017 | 380.33 Mn |
| Nov 30, 2016 | 341.02 Mn |
| Aug 31, 2016 | 381.49 Mn |
| May 31, 2016 | 361.53 Mn |