New Oriental Education & Technology (NWOEF) Cost of Revenue (2009 - 2026)

New Oriental Education & Technology (NWOEF) has reported Cost of Revenue for 18 consecutive years, with $717.3 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue rose 25.87% year-over-year to $717.3 million; the trailing twelve-month figure through May 2026 stood at $2.6 billion (up 17.63% YoY), and the FY2026 full-year result was $2.6 billion, up 17.63% from the prior year.
• Cost of Revenue improved to $717.3 million in Q2 2026 per NWOEF's latest filing, from $656.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $717.3 million in Q2 2026 and bottomed at $247.8 million in Q2 2022.
• Historically, Cost of Revenue has averaged $490.7 million across 5 years, with a median of $514.9 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue sank 57.19% in 2022, then jumped 74.47% in 2024.
• Over 5 years, Cost of Revenue stood at $336.2 million in 2022, then rose by 25.69% to $422.6 million in 2023, then gained by 17.93% to $498.3 million in 2024, then increased by 11.75% to $556.9 million in 2025, then climbed by 28.81% to $717.3 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $717.3 million, $656.2 million, and $556.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.