EarningsQ4 2026 Earnings Report
MX:EDUN Q4 2026 EPS Results
Actual EPS$9.99
Consensus EPS$12.04
Beat/MissMissed by -$2.05
One Year Ago EPS$11.08
MX:EDUN Q4 2026 Revenue Results
Actual Revenue$27.81B
Expected Revenue$26.59B
Beat/MissBeat by +$1.22B
YoY Revenue Growth+22.87%
Earnings Announcement Details
QuarterQ4 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:EDUN Upcoming Earnings
New Oriental Education Tech's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:EDUN Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating and cash metrics (23% revenue growth, +34.7% non-GAAP operating income, sizable cash balance and deferred revenue growth), meaningful early traction for AI-driven and lifestyle initiatives (New Oriental Home, East Buy) and an assertive shareholder return program. At the same time, the company faces cost and expense pressure (notably higher cost of revenues and S&M), a decline in non-GAAP net income, mixed overseas recovery and ongoing CapEx commitments. Management emphasized continued cost control, further AI-driven efficiency gains and optimistic FY2027 guidance (14%–18% revenue growth), which, combined with the balance sheet strength and buyback/dividend plans, tilt the overall view positively despite the notable near-term expense and segment-level headwinds.Company Guidance
Strong Top-Line and Operating Performance
Total net revenue grew 23% YoY to $1,529.5 million. Non-GAAP operating income increased 34.7% YoY to $110.0 million. GAAP operating income was $85.8 million versus an operating loss of $8.7 million in the prior-year period. Net income attributable to New Oriental rose to $62.2 million, a 775.8% YoY increase.
Healthy Cash Position and Deferred Revenue Growth
Net cash inflow from operations for Q4 was approximately $518.7 million. Cash and cash equivalents were $1,821.2 million, term deposits $1,366.8 million, and short-term investments $2,372.3 million. Deferred revenue increased 14.8% YoY to $2,242.9 million, supporting near-term revenue visibility.
New Initiatives and AI Adoption Showing Early Traction
New educational business initiatives delivered a 25% YoY revenue increase in the quarter. The proprietary AI-powered personalized learning platform completed phase one deployment and achieved meaningful sales within 25 days. The company invested $31.2 million this quarter to upgrade its OMO teaching platform and has embedded AI across products and operations.
Strong Growth in Specific Segments
Adults and university-student business revenue grew 29% YoY. Overseas test prep increased 6% YoY while overseas study consulting increased ~1% YoY. Non-academic tutoring and the intelligent learning system/device have been launched in ~60 cities, with top 10 cities contributing the majority of early revenue.
East Buy and New Oriental Home Momentum
East Buy expanded its live-streaming matrix (11 new vertical accounts; 18 channels total) and rolled out operational programs and private-label plans. New Oriental Home pilot launched in 69 cities with over 950,000 registered families, cumulative activity participation around 70% and campaign activation rate of 23%. Grade 7 retention improved by 10 basis points summer-to-autumn.
Shareholder Returns and Forward Guidance
Announced share repurchase program (authorized up to $300 million); ~51.5 million shares repurchased for approximately $274 million to date. For FY2027 the Board expects total capital return of roughly $500 million (approx. $300M cash dividend and up to $200M repurchase). FY2027 revenue guidance: $6,453.9M–$6,680.3M, implying 14%–18% YoY growth.
Cost Savings Progress
Cost control initiatives delivered roughly $100 million of savings in FY2026. Management expects further savings in FY2027 driven by restructuring and wider AI adoption to improve operational efficiency and reduce labor-related costs.
MX:EDUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed