NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.90B | $4.31B | $3.00B | $3.11B | $4.28B | $3.58B | $3.10B | $2.45B |
| Cost of Revenue | $2.18B | $2.05B | $1.41B | $1.75B | $2.04B | $1.59B | $1.38B | $1.07B |
| Gross Profit | $2.72B | $2.26B | $1.59B | $1.35B | $2.24B | $1.99B | $1.72B | $1.38B |
| Gross Margin | 55.4% | 52.5% | 53.0% | 43.5% | 52.4% | 55.6% | 55.6% | 56.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.44B | $1.25B | $953.6M | $1.87B | $1.49B | $1.15B | $1.03B | $794.5M |
| Operating Income | $428.3M | $350.4M | $190.0M | $-982.5M | $117.3M | $399.0M | $305.5M | $263.0M |
| Operating Margin | 8.7% | 8.1% | 6.3% | -31.6% | 2.7% | 11.1% | 9.9% | 10.7% |
| Interest Expense | $311.0K | $298.0K | $707.0K | $4.1M | $6.7M | $4.6M | $1.6M | — |
| Pretax Income | $536.4M | $493.8M | $308.5M | $-1.03B | $315.0M | $487.8M | $315.8M | $357.0M |
| Income Tax Expense | $146.3M | $109.7M | $66.1M | $136.3M | $83.6M | $134.4M | $85.7M | $59.4M |
| Net Income | $371.7M | $309.6M | $177.3M | $-1.19B | $334.4M | $413.3M | $238.1M | $296.1M |
| Net Margin | 7.6% | 7.2% | 5.9% | -38.2% | 7.8% | 11.5% | 7.7% | 12.1% |
| EPS (Basic) | $0.23 | $0.19 | $0.11 | $-0.70 | $0.20 | $0.26 | $0.15 | $0.19 |
| EPS (Diluted) | $0.23 | $0.18 | $0.10 | $-0.70 | $0.20 | $0.26 | $0.15 | $0.19 |
| Shares Outstanding (Basic) | 1.62B | 1.65B | 1.68B | 1.70B | 1.65B | 1.58B | 1.58B | 1.58B |
| Shares Outstanding (Diluted) | 1.63B | 1.67B | 1.69B | 1.70B | 1.65B | 1.60B | 1.59B | 1.59B |
| Dividends Per Share | — | — | — | — | — | — | — | — |