Four Seasons Education (Cayman) Inc. (FEDU) Income Statement
FEDU FY2026 at a glance
Fiscal year ended February 28, 2026 · Chinese yuanFEDU revenue and net income
Where FEDU's revenue goes
FY2026Each bar shows an amount and its share of revenue. FEDU kept 12.1% of revenue as net income.
FEDU profit margins
FEDU growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.3% | +95.2% | −1.9% | +10.5% |
| Gross profit | +39.3% | +66.2% | −10.0% | +5.4% |
| Operating income | — | — | — | +1.0% |
| Net income | +3,743.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FEDU income statement in Chinese yuan
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥254.4M | CN¥251.1M | CN¥125.4M | CN¥34.2M | CN¥250.2M | CN¥280.3M | CN¥389.0M | CN¥335.6M | CN¥300.5M | CN¥203.2M |
| Cost of revenue | CN¥188.8M | CN¥203.9M | CN¥80.0M | CN¥19.9M | CN¥149.6M | CN¥168.8M | CN¥200.9M | CN¥171.8M | CN¥109.4M | CN¥85.3M |
| Gross profit | CN¥65.7M | CN¥47.1M | CN¥45.5M | CN¥14.3M | CN¥100.6M | CN¥111.5M | CN¥188.1M | CN¥163.8M | CN¥191.1M | CN¥117.8M |
| Research & development | — | — | — | — | — | — | — | CN¥0 | CN¥0 | CN¥0 |
| Sales, general & admin | CN¥58.9M | CN¥62.9M | CN¥51.1M | CN¥50.0M | CN¥107.3M | CN¥117.0M | CN¥173.0M | CN¥160.1M | CN¥129.5M | CN¥54.6M |
| Total operating expenses | CN¥58.7M | CN¥62.9M | CN¥54.8M | CN¥50.0M | CN¥166.8M | CN¥136.0M | CN¥298.7M | CN¥161.9M | CN¥128.4M | CN¥83.7M |
| Operating income | CN¥6.9M | −CN¥15.7M | −CN¥9.3M | −CN¥35.7M | −CN¥66.2M | −CN¥24.6M | CN¥15.1M | CN¥3.7M | CN¥61.6M | CN¥63.2M |
| Interest income | CN¥6.0M | CN¥16.2M | CN¥7.2M | CN¥2.3M | CN¥3.2M | CN¥3.4M | CN¥5.2M | CN¥6.8M | CN¥5.5M | CN¥3.0M |
| Interest expense | — | — | — | CN¥5.6M | CN¥3.2M | CN¥16.8M | CN¥254.9M | CN¥0 | CN¥0 | CN¥0 |
| Income before taxes | CN¥29.7M | CN¥95,000 | CN¥3.9M | −CN¥32.5M | −CN¥96.9M | −CN¥19.3M | −CN¥105.4M | CN¥8.6M | CN¥68.3M | CN¥37.1M |
| Income taxes | CN¥635,000 | CN¥722,000 | CN¥1.1M | CN¥993,000 | CN¥21.8M | CN¥4.8M | CN¥4.2M | CN¥10.1M | CN¥26.4M | CN¥19.8M |
| Net income | CN¥30.8M | CN¥801,000 | CN¥5.0M | −CN¥29.7M | −CN¥113.5M | −CN¥24.0M | −CN¥109.5M | −CN¥601,000 | CN¥36.6M | CN¥13.6M |
| EBITDA | CN¥24.8M | −CN¥2.3M | −CN¥515,000 | −CN¥30.7M | CN¥5.7M | −CN¥8.9M | CN¥34.9M | CN¥21.7M | CN¥68.1M | CN¥65.0M |
| Gross margin | 25.8% | 18.8% | 36.3% | 41.8% | 40.2% | 39.8% | 48.4% | 48.8% | 63.6% | 58.0% |
| Operating margin | 2.7% | −6.3% | −7.4% | −104.2% | −26.5% | −8.8% | 3.9% | 1.1% | 20.5% | 31.1% |
| Net margin | 12.1% | 0.3% | 4.0% | −86.7% | −45.3% | −8.6% | −28.1% | −0.2% | 12.2% | 6.7% |
| May '26 | Nov '25 | Aug '25 | May '25 | Nov '24 | Aug '24 | May '24 | Nov '23 | Aug '23 | May '23 | Nov '22 | Aug '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥254.4M | CN¥54.6M | CN¥72.6M | CN¥0 | CN¥58.2M | CN¥67.3M | CN¥67.3M | CN¥31.8M | CN¥30.9M | CN¥30.9M | CN¥10.2M | CN¥6.9M |
| Cost of revenue | CN¥188.8M | CN¥41.2M | CN¥53.2M | −CN¥94.4M | CN¥49.5M | CN¥52.5M | CN¥52.5M | CN¥22.4M | CN¥17.6M | CN¥17.6M | CN¥4.8M | CN¥5.1M |
| Gross profit | CN¥65.7M | CN¥13.4M | CN¥19.4M | −CN¥32.8M | CN¥8.7M | CN¥14.8M | CN¥14.8M | CN¥9.4M | CN¥13.3M | CN¥13.3M | CN¥5.4M | CN¥1.8M |
| Sales, general & admin | CN¥58.9M | CN¥14.6M | CN¥14.8M | CN¥24.2M | CN¥13.8M | CN¥17.7M | CN¥17.7M | CN¥12.6M | CN¥11.8M | CN¥11.8M | CN¥9.5M | CN¥14.4M |
| Total operating expenses | CN¥58.9M | CN¥14.6M | CN¥14.8M | −CN¥29.6M | CN¥13.8M | CN¥17.7M | CN¥17.7M | CN¥17.2M | CN¥11.5M | CN¥11.5M | CN¥10.3M | CN¥14.2M |
| Operating income | CN¥6.7M | −CN¥1.2M | CN¥4.6M | CN¥4.6M | −CN¥5.0M | −CN¥2.8M | −CN¥2.8M | −CN¥5.1M | CN¥447,500 | CN¥447,500 | −CN¥5.2M | −CN¥12.7M |
| Income before taxes | CN¥29.7M | CN¥8.1M | CN¥6.7M | −CN¥14.9M | −CN¥3.2M | CN¥3.2M | CN¥3.2M | −CN¥995,000 | CN¥2.9M | CN¥2.9M | −CN¥4.0M | −CN¥12.2M |
| Income taxes | CN¥635,000 | −CN¥204,000 | CN¥521,499 | CN¥521,499 | CN¥1.4M | CN¥1.7M | CN¥1.7M | CN¥473,500 | CN¥77,000 | CN¥77,000 | CN¥817,500 | −CN¥321,000 |
| Net income | CN¥30.8M | CN¥10.3M | CN¥5.1M | CN¥5.1M | −CN¥639,000 | CN¥1.0M | CN¥1.0M | −CN¥43,500 | CN¥2.5M | CN¥2.5M | −CN¥3.9M | −CN¥11.0M |
| EBITDA | CN¥31.4M | −CN¥229,250 | CN¥5.6M | −CN¥12.1M | −CN¥4.0M | −CN¥1.7M | −CN¥1.7M | −CN¥2.3M | CN¥1.3M | CN¥1.3M | −CN¥2.6M | −CN¥10.1M |
| Gross margin | 25.8% | 24.6% | 26.7% | — | 15.0% | 22.0% | 22.0% | 29.6% | 43.2% | 43.2% | 52.6% | 25.8% |
| Operating margin | 2.6% | −2.3% | 6.3% | — | −8.7% | −4.2% | −4.2% | −16.0% | 1.4% | 1.4% | −50.8% | −183.2% |
| Net margin | 12.1% | 18.8% | 7.0% | — | −1.1% | 1.5% | 1.5% | −0.1% | 8.2% | 8.2% | −38.0% | −158.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in FEDU's financial statements (latest annual report filed June 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FEDU financial results
In fiscal year 2026 (ended February 28, 2026), Four Seasons Education reported revenue of CN¥254.4 million, up 1.3% from the year before. It had net income of CN¥30.8 million (up 3,743.6%), a net profit margin of 12.1%. Over five years revenue grew at an average rate of −1.9% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the FEDU stock overview for the latest quote and news, or the FEDU chart for price history and technical indicators.
FEDU income statement FAQ
What is Four Seasons Education's annual revenue?
Four Seasons Education reported total revenue of CN¥254.4 million for fiscal year 2026, which ended on February 28, 2026. That was up 1.3% from CN¥251.1 million the previous year.
Is Four Seasons Education profitable?
Yes. Four Seasons Education reported net income of CN¥30.8 million in fiscal 2026, a net profit margin of 12.1%; its operating margin was 2.7%.
What is Four Seasons Education's gross margin?
Four Seasons Education's gross margin was 25.8% in fiscal 2026: for every $100 of revenue, Four Seasons Education kept $26 after the direct cost of its products and services.
How fast is Four Seasons Education growing?
Revenue grew −1.9% a year on average over the last five fiscal years, from CN¥280.3 million to CN¥254.4 million.
When does Four Seasons Education's fiscal year end?
Four Seasons Education's fiscal year ends in February. The latest annual report covers the year ended February 28, 2026 and was filed on June 17, 2026.