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

New Oriental Education & Technology has reported Cost of Revenue for 18 years, with the latest figure at $656.2 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 23.44% year-over-year to $656.2 million; the trailing twelve-month figure through Feb 2026 stood at $2.4 billion (up 12.29% YoY), and the FY2025 full-year result was $2.2 billion, up 230.51% from the prior year.
• Cost of Revenue for Q1 2026 stood at $656.2 million, up from $556.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $656.2 million in Q1 2026, with the low at $247.8 million in Q2 2022.
• Historically, Cost of Revenue has averaged $477.4 million across 5 years, with a median of $498.3 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue plunged 57.19% — and 2024, when it soared 74.47%.
• New Oriental Education & Technology's Cost of Revenue stood at $336.2 million in 2022, then grew by 25.69% to $422.6 million in 2023, then increased by 17.93% to $498.3 million in 2024, then climbed by 11.75% to $556.9 million in 2025, then rose by 17.83% to $656.2 million in 2026.
• The last three Cost of Revenue figures came in at $656.2 million (Q1 2026), $556.9 million (Q4 2025), and $637.8 million (Q3 2025), per Business Quant data.