TAL Education Group income statement TAL
In fiscal 2026, which ended Feb 28, 2026, TAL Education Group reported revenue of $3.0 billion, up 33.7% from the year before. Net income was $530.8 million, a profit margin of 17.6%. Operating income came to $276.0 million, an operating margin of 9.2%. Diluted earnings per share were $2.75. Across the 10 fiscal years shown, revenue grew from $1.0 billion in fiscal 2017 to $3.0 billion in fiscal 2026, about 12.5% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Feb 28, 2026
|
FY 2025
Feb 28, 2025
|
FY 2024
Feb 29, 2024
|
FY 2023
Feb 28, 2023
|
FY 2022
Feb 28, 2022
|
FY 2021
Feb 28, 2021
|
FY 2020
Feb 29, 2020
|
FY 2019
Feb 28, 2019
|
FY 2018
Feb 28, 2018
|
FY 2017
Feb 28, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
3,009
+33.7%
|
2,250
+51.0%
|
1,490
+46.2%
|
1,020
-76.8%
|
4,391
-2.3%
|
4,496
+37.3%
|
3,273
+27.7%
|
2,563
+49.4%
|
1,715
+64.4%
|
1,043
+68.3%
|
| Cost of revenue |
1,343
+27.9%
|
1,050
+53.4%
|
684
+56.8%
|
436
-80.2%
|
2,203
+7.6%
|
2,049
+39.5%
|
1,469
+26.1%
|
1,164
+32.0%
|
882
+68.9%
|
522
+72.0%
|
| Gross profit |
1,665
+38.8%
|
1,200
+48.9%
|
806
+38.2%
|
583
-73.3%
|
2,188
-10.6%
|
2,447
+35.6%
|
1,805
+29.0%
|
1,399
+68.0%
|
833
+59.9%
|
521
+64.6%
|
| Selling, general and administrative |
1,389
+15.5%
|
1,203
+37.5%
|
875
+25.6%
|
697
-69.9%
|
2,318
-17.1%
|
2,797
+69.8%
|
1,648
+54.9%
|
1,064
+69.3%
|
628
+61.4%
|
389
+65.9%
|
| Operating expenses |
1,389
+15.5%
|
1,203
+37.5%
|
875
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Operating income |
276
+8849.3%
|
-3
+95.4%
|
-69
+23.7%
|
-91
+85.2%
|
-615
-40.2%
|
-438
-418.8%
|
137
-59.8%
|
342
+63.7%
|
209
+55.0%
|
135
+58.2%
|
| Pretax income |
685
+418.8%
|
132
+655.7%
|
17
+115.9%
|
-110
+85.9%
|
-778
-246.4%
|
-225
-343.5%
|
-51
-111.1%
|
457
+85.1%
|
247
+59.8%
|
155
+12.9%
|
| Equity in earnings of affiliates |
-1
+91.0%
|
-10
-52.7%
|
-6
-177.7%
|
-2
-120.8%
|
11
-7.6%
|
12
+252.2%
|
-8
+52.6%
|
-16
-110.8%
|
-8
+4.3%
|
-8
-1109.9%
|
| Income tax |
154
+303.0%
|
38
+149.2%
|
15
-23.1%
|
20
-95.0%
|
397
+668.0%
|
-70
-200.8%
|
69
-9.4%
|
77
+71.3%
|
45
+31.1%
|
34
+1.7%
|
| Net income |
531
+527.4%
|
85
+2467.5%
|
-4
+97.4%
|
-136
+88.1%
|
-1,136
-879.5%
|
-116
-5.3%
|
-110
-130.0%
|
367
+85.1%
|
198
+69.8%
|
117
+13.6%
|
| Basic EPS |
2.79
+564.3%
|
0.42
+2200.0%
|
-0.02
+96.9%
|
-0.64
+87.9%
|
-5.29
-828.1%
|
-0.57
-1.8%
|
-0.56
-129.0%
|
1.93
+70.8%
|
1.13
+56.9%
|
0.72
+12.5%
|
| Diluted EPS |
2.75
+570.7%
|
0.41
+2150.0%
|
-0.02
+96.9%
|
-0.64
+87.9%
|
-5.29
-828.1%
|
-0.57
-1.8%
|
-0.56
-130.6%
|
1.83
+77.7%
|
1.03
+56.1%
|
0.66
+10.0%
|
| Weighted average shares, basic |
190
-5.7%
|
202
-0.7%
|
203
-4.4%
|
213
-1.0%
|
215
+5.5%
|
204
+2.7%
|
198
+4.3%
|
190
+8.6%
|
175
+7.6%
|
163
+1.5%
|
| Weighted average shares, diluted |
193
-6.0%
|
205
+0.9%
|
203
-4.4%
|
213
-1.0%
|
215
+5.5%
|
204
+2.7%
|
198
-1.0%
|
200
+3.0%
|
194
+3.1%
|
189
+3.0%
|
| Other measures | ||||||||||
| Depreciation and amortization |
69
+49.9%
|
46
+92.7%
|
24
-32.7%
|
35
-79.4%
|
171
+25.1%
|
137
+37.6%
|
100
+29.8%
|
77
+50.6%
|
51
+75.9%
|
29
+59.4%
|
| EBITDA |
345
+708.7%
|
43
+193.7%
|
-45
+18.0%
|
-55
+87.5%
|
-443
-47.1%
|
-301
-227.1%
|
237
-43.3%
|
418
+61.2%
|
260
+58.7%
|
164
+58.4%
|
| Interest coverage |
—
|
—
|
-8.80x
|
—
|
—
|
-25.86x
|
11.63x
|
19.38x
|
12.54x
|
10.24x
|
| Margins | ||||||||||
| Gross margin |
55.35%
|
53.34%
|
54.09%
|
57.21%
|
49.82%
|
54.43%
|
55.14%
|
54.57%
|
48.55%
|
49.93%
|
| Operating margin |
9.17%
|
-0.14%
|
-4.64%
|
-8.90%
|
-14.00%
|
-9.75%
|
4.20%
|
13.33%
|
12.16%
|
12.90%
|
| Pretax margin |
22.78%
|
5.87%
|
1.17%
|
-10.76%
|
-17.72%
|
-5.00%
|
-1.55%
|
17.84%
|
14.40%
|
14.82%
|
| Profit margin |
17.64%
|
3.76%
|
-0.24%
|
-13.30%
|
-25.87%
|
-2.58%
|
-3.37%
|
14.33%
|
11.57%
|
11.21%
|
| EBITDA margin |
11.45%
|
1.89%
|
-3.05%
|
-5.44%
|
-10.09%
|
-6.70%
|
7.24%
|
16.32%
|
15.13%
|
15.68%
|
| Effective tax rate |
22.53%
|
29.01%
|
87.97%
|
—
|
—
|
—
|
—
|
16.73%
|
18.08%
|
22.04%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- TAL (NYSE)
- Incorporated in
- Cayman Islands
- Headquarters
- Beijing, China
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1499620
Other Services-Educational Services companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.