New Oriental Education & Technology (EDU) Operating Expenses (2009 - 2026)
New Oriental Education & Technology's (EDU) quarterly Operating Expenses came in at $1.4 billion in Q2 2026, up 15.33% YoY from $1.3 billion in Q2 2025, and up 16.71% on a QoQ basis from $1.2 billion in Q1 2026.
New Oriental Education & Technology (EDU) Operating Expenses (2009 - 2026) Analysis & Trends
New Oriental Education & Technology (EDU) has 18 years of Operating Expenses data on file, last reported at $1.4 billion in Q2 2026.
- Quarterly Operating Expenses rose 15.33% year-over-year to $1.4 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $5.0 billion (up 12.21% YoY) and the FY2026 annual result came in at $5.0 billion, up 12.21% from the prior year.
- Operating Expenses grew to $1.4 billion in Q2 2026, from $1.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.4 billion in Q2 2026 to a low of $629.7 million in Q2 2022.
- A 5-year average of $980.3 million and a median of $1.0 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 55.08% — and 2024, when it soared 59.07%.
- Tracing EDU's Operating Expenses over 5 years: stood at $640.7 million in 2022, then soared by 32.4% to $848.3 million in 2023, then advanced by 20.17% to $1.0 billion in 2024, then gained by 10.37% to $1.1 billion in 2025, then advanced by 28.32% to $1.4 billion in 2026.
- The last three Operating Expenses figures came in at $1.4 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.1 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | -78.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 1.44 Bn |
| 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 |