New Oriental revenue rallies 23.1% to $1.87 billion
Key points
- New Oriental (NYSE:EDU) reported fiscal first-quarter 2027 revenue of US$1,874.5 million, up 23.1% year over year, while attributable net income rose 13.5% to US$273.2 million.
- Operating income increased 20.5% to US$374.7 million, but operating margin declined to 20% from 20.4% a year earlier.
- The company maintained its fiscal 2027 revenue forecast of US$6,453.9 million to US$6,680.3 million and approved an annual dividend of US$2.00 per ADS, payable in two installments.
New Oriental (NYSE:EDU) reported fiscal first-quarter 2027 revenue of US$1.87 billion, up 23.1% year over year, as operating income and net income also increased.
For the quarter ended August 31, 2026, operating income rose 20.5% to US$374.7 million, while attributable net income increased 13.5% to US$273.2 million.
Diluted earnings reached US$1.74 per American depositary share (ADS), although operating margin declined to 20% from 20.4% a year earlier.
New Oriental maintained its fiscal 2027 revenue guidance of US$6,453.9 million to US$6,680.3 million, representing expected growth of 14% to 18%.
Meanwhile, the board approved a fiscal 2027 dividend of US$2 per ADS in two installments.
The company generated approximately US$195.4 million in operating cash inflow during the quarter and completed its US$300 million fiscal 2026 share repurchase program by October 27, 2026.
New Oriental has authorized a separate fiscal 2027 share repurchase program of up to US$200 million, but no purchases had been made under that program as of the reported date.
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