New Oriental Education & Technology (EDU) Operating Leases (2019 - 2026)
New Oriental Education & Technology's Operating Leases was $563.83 million in fiscal Q4 2026 (quarter ended May 31, 2026), up 5.7% from $533.38 million a year earlier and up 5.6% from the prior quarter.
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Analysis
New Oriental Education & Technology (EDU) Operating Leases (2019 - 2026) Analysis & Trends
From fiscal Q4 2020 onward, New Oriental Education & Technology has reported Operating Leases for 20 quarters.
- Operating Leases has now increased for three consecutive fiscal years, though with a five-year compound annual growth rate of -16.0% (FY2021 to FY2026).
- In earlier fiscal years, Operating Leases was $533.38 million in FY2025 (+19.1%), $447.99 million in FY2024 (+55.5%), $288.19 million in FY2023 (-35.4%) and $446.39 million in FY2022 (-66.9%).
- The fiscal Q4 2026 figure marks the highest quarterly Operating Leases since fiscal Q4 2021.
- Compared with a year earlier, Operating Leases has increased for 11 straight quarters, with growth averaging 24.1% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was fiscal Q1 2025 (growth of 62.6%); the worst was fiscal Q4 2022 (a decline of 66.9%).
- Per Business Quant data, EDU's Operating Leases in the three fiscal quarters before Q4 2026 was $533.71 million (Q3 2026), $517.8 million (Q2 2026) and $523.83 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Service Corp International | 11.15 Bn | 10.15 Bn | 273.50 Mn |
| 2 | New Oriental Education & Technology | 9.53 Bn | -1.61 Bn | 5,600.00 |
| 3 | TAL Education | 7.16 Bn | -5.83 Bn | 438.20 Mn |
| 4 | Laureate Education | 5.43 Bn | 4.73 Bn | 237.67 Mn |
| 5 | Graham Holdings | 5.11 Bn | 202.28 Mn | 392.03 Mn |
| 6 | Covista | 4.47 Bn | 3.59 Bn | 284.63 Mn |
| 7 | Valvoline | 4.04 Bn | 3.75 Bn | 214.90 Mn |
| 8 | Bright Horizons Family Solutions | 3.63 Bn | 3.07 Bn | 188.96 Mn |
| 9 | Stride | 3.55 Bn | 446.85 Mn | 217.28 Mn |
| 10 | Onespaworld Holdings | 2.43 Bn | 2.33 Bn | 44.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 563.83 Mn |
| Feb 28, 2026 | 533.71 Mn |
| Nov 30, 2025 | 517.80 Mn |
| Aug 31, 2025 | 523.83 Mn |
| May 31, 2025 | 533.38 Mn |
| Feb 28, 2025 | 484.66 Mn |
| Nov 30, 2024 | 489.83 Mn |
| Aug 31, 2024 | 473.63 Mn |
| May 31, 2024 | 447.99 Mn |
| Feb 29, 2024 | 371.34 Mn |
| Nov 30, 2023 | 330.02 Mn |
| Aug 31, 2023 | 291.30 Mn |
| May 31, 2023 | 288.19 Mn |
| Feb 28, 2023 | 299.63 Mn |
| Nov 30, 2022 | 324.74 Mn |
| Aug 31, 2022 | 372.79 Mn |
| May 31, 2022 | 446.39 Mn |
| Feb 28, 2022 | 1.35 Bn |
| Nov 30, 2021 | 1.35 Bn |
| May 31, 2021 | 1.35 Bn |
API Access
New Oriental Education & Technology Operating Leases 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-leases&ticker=EDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=EDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();