New Oriental Education & Technology (EDU) revenue breakdown
By segment, Educational services and test preparation courses is the largest at 71% of fiscal 2026 revenue; Private label products and livestreaming e-commerce and other services grew fastest, 29% a year over 7 years.
By product, Net service revenues is the largest at 86% of fiscal 2026 revenue; Net product revenues grew fastest, 76% a year over 5 years.
Revenue by segment
Fiscal years, as New Oriental Education & Technology reports them in its 10-K filings; fiscal 2026 total $5.7B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Educational services and test preparation courses | $1.5B | $2.0B | $2.6B | $3.0B | $3.7B | $2.7B | $1.9B | $2.7B | $3.5B | $4.0B | 71% |
| Private label products and livestreaming e-commerce and other services | — | — | $133M | $153M | $211M | $3M | $558M | $901M | $600M | $807M | 14% |
| Overseas Study Consulting Services | — | — | — | $260M | $279M | $326M | $355M | $440M | $516M | $511M | 9% |
| Others | $289M | $424M | $358M | $126M | $120M | $107M | $171M | $257M | $327M | $336M | 6% |
Revenue by product
Fiscal years, as New Oriental Education & Technology reports them in its 10-K filings; fiscal 2026 total $5.7B.
| Products | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|
| Net service revenues | — | $4.2B | $3.1B | $2.5B | $3.5B | $4.3B | $4.9B | 86% |
| Net product revenues | — | $46M | $55M | $453M | $813M | $566M | $768M | 14% |
| Educational programs and services | $2.8B | — | — | — | — | — | — | — |
| Books and other services | $311M | — | — | — | — | — | — | — |
Questions
Where does New Oriental Education & Technology make its money?
In fiscal 2026, by segment: Educational services and test preparation courses $4.0B, Private label products and livestreaming e-commerce and other services $807M, Overseas Study Consulting Services $511M, Others $336M.
From New Oriental Education & Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.