New Oriental Announces Results for the First Fiscal Quarter Ended August 31, 2026

Michael Yu, Executive Chairman of New Oriental

“We are delighted to start our fiscal year 2027 with strong top line growth of 23.1%, above our current full year guidance range.”

Michael Yu, Executive Chairman of New Oriental

“Revenues from overseas test preparation and consulting business increased by approximately 7.7%.”

Michael Yu, Executive Chairman of New Oriental

“In addition, our domestic test preparation business targeting adults and university students grew by approximately 22.3% year over year, while our new educational business initiatives grew by approximately 24.7% year over year.”

Michael Yu, Executive Chairman of New Oriental

“This quarter, our non-academic tutoring courses reached around 60 cities, attracting approximately 476,000 student enrollments, and our intelligent learning system and devices were adopted across around 60 cities, with approximately 515,000 active paid users.”

Michael Yu, Executive Chairman of New Oriental

“In this new fiscal year, we will continue to deepen the execution of our core strategy, with continuous improvement in teaching and product quality as our primary growth drivers.”

Michael Yu, Executive Chairman of New Oriental

“We are confident that this disciplined approach will enable us to generate healthy and sustainable value over the long term.”

Michael Yu, Executive Chairman of New Oriental

“Alongside our growth momentum, our cost optimization and operational efficiency initiatives have entered a new phase this year and have achieved notable progress.”

Michael Yu, Executive Chairman of New Oriental

“New Oriental Home, our newly established comprehensive customer service platform integrated across all departments, had already served over 1,678,000 families across 69 cities by the end of this quarter.”

Michael Yu, Executive Chairman of New Oriental

“This platform has already begun to demonstrate its ability to enhance customer loyalty and retention and strengthen our cross-selling capabilities.”

Michael Yu, Executive Chairman of New Oriental

“We believe it will further increase customer lifetime value while lowering our overall customer acquisition costs.”

Michael Yu, Executive Chairman of New Oriental

“We remain firmly committed to building a stronger brand and creating enduring value for our customers and shareholders.”

Chenggang Zhou, Chief Executive Officer of New Oriental

“This fiscal quarter, we continued to execute our strategy of disciplined capacity expansion to balance revenue growth with operational efficiency.”

Chenggang Zhou, Chief Executive Officer of New Oriental

“Equally important, AI remains at the core of our organizational priorities.”

Chenggang Zhou, Chief Executive Officer of New Oriental

“This fiscal year, we will maintain measured investment in AI to enhance the competitiveness of our existing products, develop new AI-powered education products that can be commercialized efficiently, and apply AI more broadly to reduce labor costs and improve operating efficiency, while providing stronger support to our staff.”

Chenggang Zhou, Chief Executive Officer of New Oriental

“In this fiscal quarter, East Buy expanded its private label portfolio to over 1,000 SPUs and its Douyin channel matrix to more than 30 vertical accounts.”

Chenggang Zhou, Chief Executive Officer of New Oriental

“Leveraging New Oriental's learning center network, East Buy now has four offline experience stores and has developed instant retail capabilities, including one-hour delivery trials in Beijing and Shanghai.”

Chenggang Zhou, Chief Executive Officer of New Oriental

“For this fiscal year, East Buy will advance its multi-channel strategy, accelerate private label development, refine App membership operations and enhance supply chain efficiency to support sustainable long-term growth.”

Stephen Zhihui Yang, Executive President and Chief Financial Officer of New Oriental

“We are pleased to report that, in this fiscal quarter, both our core education business and East Buy recorded year over year expansion in their respective operating margins, primarily attributable to enhanced operational efficiency and improved utilization of our learning centers.”

Stephen Zhihui Yang, Executive President and Chief Financial Officer of New Oriental

“Concurrently, East Buy's rapid growth increased its share of total revenue, and this shift in our revenue mix kept our consolidated operating margin at a stable level during this quarter.”

Stephen Zhihui Yang, Executive President and Chief Financial Officer of New Oriental

“We view this as an anticipated consequence of scaling new businesses, and we remain confident in the margin trajectory of each business line on a standalone basis.”

Stephen Zhihui Yang, Executive President and Chief Financial Officer of New Oriental

“In this fiscal year, we will remain firmly committed to our strategy of pursuing balanced revenue and profit growth, and we will continue to deepen our cost reduction and efficiency enhancement initiatives across key business lines.”

Stephen Zhihui Yang, Executive President and Chief Financial Officer of New Oriental

“Through these efforts, we aim to deliver sustainable, healthy growth over the long term while steadily enhancing our profitability.”