Earnings ·
New Oriental reports $273.2M Q1 net income, raises FY2027 dividend to US$2 per ADS
EDUNew Oriental Education & Technology Group Inc.
New Oriental Education & Technology Group Inc. reported unaudited financial results for the first fiscal quarter ended August 31, 2026. Total net revenues increased by 23.1% year over year to US$1,874.5 million, while operating income rose 20.5% to US$374.7 million. Net income attributable to the company grew 13.5% to US$273.2 million, or US$1.76 per ADS basic. The board approved an ordinary cash dividend for fiscal year 2027 of US$0.2 per common share (US$2.0 per ADS), payable in two installments totaling approximately US$300 million. Additionally, the company authorized a new US$200 million share repurchase program. New Oriental is a provider of private educational services and e-commerce products in China.