v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Net revenues      
Net revenues $ 5,661,294 $ 4,900,262 $ 4,313,586
Operating cost and expenses      
Cost of revenues (2,568,167) (2,183,291) (2,050,960)
Selling and marketing (855,864) (783,959) (660,586)
General and administrative (1,594,012) (1,444,463) (1,251,615)
Impairment loss of goodwill   (60,299)  
Total operating cost and expenses (5,018,043) (4,472,012) (3,963,161)
Operating income 643,251 428,250 350,425
Other income/(expense)      
Interest income 76,908 119,605 153,589
Interest expense (28) (311) (298)
Realized gain from long-term investments 2,384 422 185
Impairment loss from long-term investments   (5,215) (30,007)
Gain/(loss) from fair value change of investments 10,613 (10,078) 19,025
Miscellaneous income/(expense), net (2,579) 3,711 922
Income before income taxes and loss from equity method investments 730,549 536,384 493,841
Provision for income taxes:      
Current (204,197) (175,611) (130,927)
Deferred 8,086 29,317 21,237
Provision for income taxes (196,111) (146,294) (109,690)
Loss from equity method investments (17,777) (14,257) (58,933)
Net income 516,661 375,833 325,218
Less: Net income attributable to non-controlling interests 41,489 4,117 15,627
Net income attributable to New Oriental Education & Technology Group Inc.'s shareholders $ 475,172 $ 371,716 $ 309,591
Net income per common share (Note 18)      
- Basic $ 0.3 $ 0.23 $ 0.19
- Diluted [1] $ 0.3 $ 0.23 $ 0.18
Weighted average shares used in calculating basic and diluted net income per common share      
- Basic 1,578,483,794 1,619,727,518 1,653,597,432
- Diluted 1,595,505,635 1,631,137,164 1,669,499,952
Net service revenues [Member]      
Net revenues      
Net revenues $ 4,893,000 $ 4,334,071 $ 3,500,998
Net product revenues [Member]      
Net revenues      
Net revenues $ 768,294 $ 566,191 $ 812,588
[1] For the year ended May 31, 2026, the Company does not have any securities that would have an anti-dilutive effect included in the computation of diluted net income per common share.