New Oriental revenue rose 23.1% in first fiscal quarter, above company guidance
New Oriental reported first fiscal quarter 2027 results: revenue up 23.1%, net income up 13.5%, and a new ordinary cash dividend approved.
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what happened
China-based private education provider New Oriental Education & Technology published unaudited results for the first fiscal quarter ended August 31, 2026, according to a release distributed via PRNewswire. Total net revenues reached US$1.87 billion, up 23.1% year over year. Operating income rose 20.5% to US$374.7 million, and net income attributable to the company climbed 13.5% to US$273.2 million.
The company said the revenue growth was above its current full-year guidance range. East Buy, its retail business, grew its share of total revenue, and management said this mix shift kept the consolidated operating margin stable. New Oriental also said it had fully used its US$300 million share repurchase program, and its board approved an ordinary cash dividend of US$0.2 per common share for fiscal 2027.
why it matters
The report matters mainly to investors following China's private education sector, where the company shows faster growth alongside cost controls. The completed buyback and dividend signal a focus on returning capital to shareholders, but the effect on broader markets is limited.
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sources
- New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2026 — TradingView, 28 October 2026 at 09:00 UTC
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