New Oriental Education & Technology Group Inc Ordinary Shares

09901: XHKG (HKG)

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New Oriental Sees Growth From K-12 Tutoring Despite Overseas Study Challenges

Cheng Wang

Jan 29, 2026

Business Strategy and Outlook

Four years following the regulatory crackdown on academic tutoring, New Oriental Education & Technology has reshaped its business, achieving record-high revenue in fiscal 2025. Besides the established businesses such as overseas test preparation, overseas study consulting, and high school tutoring, New Oriental has made significant strides in new business areas including nonacademic tutoring, intelligent learning systems and devices, and livestreaming e-commerce. We estimate these new initiatives contributed over 40% of revenue in fiscal 2025.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

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New Oriental Education & Technology Group Inc Ordinary Shares

New Oriental Sees Growth From K-12 Tutoring Despite Overseas Study Challenges

Business Strategy and Outlook

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