New Oriental Education & Technology (EDU) Operating Expenses (2009 - 2026)
New Oriental Education & Technology (EDU) reported Operating Expenses of $1.44 billion for fiscal Q4 2026 (quarter ended May 31, 2026), up 15.3% from $1.25 billion a year earlier and up 16.7% from the prior quarter.
Powered by 
Analysis
New Oriental Education & Technology (EDU) Operating Expenses (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), New Oriental Education & Technology posted Operating Expenses of -$5.02 billion.
- By fiscal year, Operating Expenses came in at -$4.47 billion in FY2025, -$3.96 billion in FY2024, -$2.81 billion in FY2023 and -$4.09 billion in FY2022.
- The fiscal Q4 2026 figure ranks as the highest quarterly Operating Expenses in data going back to fiscal Q3 2009.
- Year over year, Operating Expenses has now increased in each of the last five quarters, with growth averaging 13.1% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was fiscal Q3 2024 (growth of 59.1%); the low point was fiscal Q2 2023 (a decline of 55.1%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $1.24 billion (Q3 2026), $1.13 billion (Q2 2026) and $1.21 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Service Corp International | 11.15 Bn | 10.15 Bn | 273.50 Mn | 41.78 Mn |
| 2 | New Oriental Education & Technology | 9.53 Bn | -1.61 Bn | 5,600.00 | 1.44 Bn |
| 3 | TAL Education | 7.16 Bn | -5.83 Bn | 438.20 Mn | 301.00 Mn |
| 4 | Laureate Education | 5.43 Bn | 4.73 Bn | 237.67 Mn | 14.24 Mn |
| 5 | Graham Holdings | 5.11 Bn | 202.28 Mn | 392.03 Mn | 1.22 Bn |
| 6 | Covista | 4.47 Bn | 3.59 Bn | 284.63 Mn | 405.94 Mn |
| 7 | Valvoline | 4.04 Bn | 3.75 Bn | 214.90 Mn | 103.10 Mn |
| 8 | Bright Horizons Family Solutions | 3.63 Bn | 3.07 Bn | 188.96 Mn | 108.00 Mn |
| 9 | Stride | 3.55 Bn | 446.85 Mn | 217.28 Mn | 111.43 Mn |
| 10 | Onespaworld Holdings | 2.43 Bn | 2.33 Bn | 44.57 Mn | 236.74 Mn |
Historic Data
Download Data
Historic 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 |
API Access
New Oriental Education & Technology Operating Expenses 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=operating-expenses&ticker=EDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=EDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();