TAL Education Group (TAL) Income Statement
TAL FY2026 at a glance
Fiscal year ended February 28, 2026 · U.S. dollarsTAL revenue and net income
Where TAL's revenue goes
FY2026Each bar shows an amount and its share of revenue. TAL kept 17.6% of revenue as net income.
TAL profit margins
TAL growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +34.2% | +43.8% | −7.7% | +17.2% |
| Gross profit | +39.3% | +42.2% | −7.4% | +18.1% |
| Operating income | — | — | — | +13.0% |
| Net income | +529.8% | — | — | +17.9% |
| EPS (diluted) | +320.8% | — | +48.5% | +15.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TAL quarterly EPS vs estimates
TAL Education beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $-0.02).
TAL income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.02B | $2.25B | $1.49B | $1.02B | $4.40B | $4.51B | $3.27B | $2.56B | $1.72B | $1.04B |
| Cost of revenue | $1.35B | $1.05B | $683.8M | $434.8M | $2.21B | $2.05B | $1.47B | $1.16B | $887.3M | $521.3M |
| Gross profit | $1.67B | $1.20B | $805.6M | $581.3M | $2.19B | $2.45B | $1.80B | $1.40B | $837.4M | $519.8M |
| Sales, general & admin | $1.39B | $1.21B | $891.8M | $696.8M | $2.32B | $2.80B | $1.65B | $1.06B | $628.4M | $389.3M |
| Total operating expenses | $1.39B | $1.20B | $891.2M | $694.3M | $2.32B | $2.81B | $1.65B | $1.06B | $631.9M | $388.5M |
| Operating income | $277.1M | −$3.2M | −$85.6M | −$113.0M | −$130.5M | −$351.3M | $156.9M | $334.3M | $205.5M | $131.2M |
| Interest income | $62.0M | $83.5M | $84.9M | $61.6M | $103.2M | $114.2M | $61.2M | $42.0M | $23.2M | $5.0M |
| Interest expense | — | — | $0 | $24.9M | $7.9M | $16.9M | $11.8M | $17.6M | $16.6M | $13.1M |
| Income before taxes | $687.1M | $122.6M | $11.2M | −$111.6M | −$768.7M | −$213.6M | −$58.3M | $440.3M | $240.7M | $146.3M |
| Income taxes | $155.0M | $38.3M | $15.4M | $19.9M | $397.7M | −$70.1M | $69.3M | $76.4M | $44.9M | $34.0M |
| Net income | $532.7M | $84.6M | −$3.6M | −$135.1M | −$1.14B | −$116.3M | −$110.2M | $366.7M | $199.6M | $116.7M |
| EBITDA | $763.8M | $174.9M | $41.1M | −$70.9M | −$571.0M | −$185.9M | $274.9M | $423.2M | $264.7M | $164.8M |
| EPS (diluted) | $1.01 | $0.24 | $0.11 | −$0.05 | −$0.49 | $0.14 | $0.04 | $0.74 | $0.42 | $0.28 |
| Gross margin | 55.4% | 53.3% | 54.1% | 57.2% | 49.8% | 54.4% | 55.1% | 54.6% | 48.6% | 49.9% |
| Operating margin | 9.2% | −0.1% | −5.7% | −11.1% | −3.0% | −7.8% | 4.8% | 13.1% | 11.9% | 12.6% |
| Net margin | 17.6% | 3.8% | −0.2% | −13.3% | −25.9% | −2.6% | −3.4% | 14.3% | 11.6% | 11.2% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $758.4M | $808.0M | $770.2M | $861.4M | $575.0M | $610.2M | $606.4M | $619.4M | $414.2M | $430.4M | $373.5M | $411.9M |
| Cost of revenue | $320.2M | $377.8M | $338.4M | $370.3M | $259.6M | $292.6M | $286.7M | $270.6M | $200.0M | $202.6M | $173.2M | $169.4M |
| Gross profit | $438.2M | $430.2M | $431.8M | $491.0M | $315.4M | $317.6M | $319.8M | $348.7M | $214.2M | $227.7M | $200.3M | $242.5M |
| Sales, general & admin | $301.0M | $354.8M | $338.7M | $396.4M | $301.9M | $336.2M | $337.2M | $301.4M | $232.1M | $243.2M | $232.7M | $213.4M |
| Total operating expenses | $301.0M | $357.3M | $338.7M | $394.9M | $301.1M | $336.2M | $337.2M | $301.1M | $231.5M | $243.6M | $232.7M | $213.4M |
| Operating income | $137.2M | $73.0M | $93.1M | $96.1M | $14.3M | −$18.6M | −$17.4M | $47.6M | −$17.3M | −$15.9M | −$32.3M | $29.2M |
| Interest income | $9.9M | $14.8M | $14.3M | $14.2M | $18.7M | $19.1M | $21.5M | $20.4M | $22.5M | $20.9M | $20.1M | $21.0M |
| Income before taxes | $551.6M | $323.6M | $145.8M | $175.1M | $42.3M | $11.8M | $19.4M | $83.0M | $13.6M | $33.9M | −$8.7M | $27.8M |
| Income taxes | $143.7M | $77.5M | $15.3M | $51.1M | $11.1M | $14.0M | −$3.6M | $25.6M | $2.3M | $6.5M | $15.4M | −$10.0M |
| Net income | $408.0M | $246.5M | $130.6M | $124.1M | $31.3M | −$7.3M | $23.1M | $57.4M | $11.4M | $27.6M | −$23.9M | $37.9M |
| EBITDA | $137.2M | $323.6M | $145.8M | $175.1M | $42.3M | $11.8M | $19.4M | $83.0M | $13.6M | $63.8M | −$8.7M | $27.8M |
| EPS (diluted) | $0.73 | $0.45 | $0.25 | $0.24 | $0.07 | $0.01 | $0.06 | $0.12 | $0.05 | $0.08 | −$0.04 | $0.10 |
| Gross margin | 57.8% | 53.2% | 56.1% | 57.0% | 54.9% | 52.0% | 52.7% | 56.3% | 51.7% | 52.9% | 53.6% | 58.9% |
| Operating margin | 18.1% | 9.0% | 12.1% | 11.2% | 2.5% | −3.0% | −2.9% | 7.7% | −4.2% | −3.7% | −8.7% | 7.1% |
| Net margin | 53.8% | 30.5% | 17.0% | 14.4% | 5.4% | −1.2% | 3.8% | 9.3% | 2.8% | 6.4% | −6.4% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TAL's financial statements (latest annual report filed June 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TAL financial results
In fiscal year 2026 (ended February 28, 2026), TAL Education reported revenue of $3.0 billion, up 34.2% from the year before. It had net income of $532.7 million (up 529.8%), a net profit margin of 17.6%. Diluted earnings per share came to $1.01. Over five years revenue grew at an average rate of −7.7% a year.
See the TAL stock overview for the latest quote and news, or the TAL chart for price history and technical indicators.
TAL income statement FAQ
What is TAL Education's annual revenue?
TAL Education reported total revenue of $3.0 billion for fiscal year 2026, which ended on February 28, 2026. That was up 34.2% from $2.3 billion the previous year.
Is TAL Education profitable?
Yes. TAL Education reported net income of $532.7 million in fiscal 2026, a net profit margin of 17.6%; its operating margin was 9.2%.
What is TAL Education's gross margin?
TAL Education's gross margin was 55.4% in fiscal 2026: for every $100 of revenue, TAL Education kept $55 after the direct cost of its products and services.
How fast is TAL Education growing?
Revenue grew −7.7% a year on average over the last five fiscal years, from $4.5 billion to $3.0 billion.
What are TAL Education's earnings per share?
TAL Education earned $1.01 per diluted share in fiscal 2026, compared with $0.24 a year earlier.
When will TAL Education report its next earnings?
TAL Education is expected to report results for the quarter ending August 31, 2026 on October 29, 2026 before the market opens.
When does TAL Education's fiscal year end?
TAL Education's fiscal year ends in February. The latest annual report covers the year ended February 28, 2026 and was filed on June 12, 2026.