China's New Oriental Education Q1 revenue rises 23%, confirms guidance
EDU•New Oriental Education's fiscal first-quarter revenue rose 23.1% year over year to $1.87 billion, while adjusted operating income increased 21.2% to $406.76 million. The company confirmed fiscal 2027 revenue guidance of $6.45 billion to $6.68 billion and announced a new ordinary cash dividend and $200 million share buyback program.
1. Quarterly results
Fiscal first-quarter revenue increased 23.1% year over year to $1.87 billion. Adjusted operating income grew 21.2% to $406.76 million, while operating income was $374.66 million.
2. Guidance and capital returns
New Oriental confirmed fiscal 2027 revenue guidance of $6.45 billion to $6.68 billion, representing year-over-year growth of 14% to 18%. The company also announced a new ordinary cash dividend and a $200 million share buyback program for fiscal 2027.
3. Growth drivers
The company said revenue growth was mainly driven by new educational business initiatives and East Buy private label products and livestreaming e-commerce. It attributed margin expansion in core education and East Buy to improved learning-center utilization, and said teaching and product quality improvements and continued AI investment are expected to support growth and operational efficiency in fiscal 2027.
