Financials in USD. Standardized financial statements.
A compact view of how TAL Education Group turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.02B | $2.25B | $1.49B | $1.02B | $4.40B | $4.51B | $3.27B | $2.56B | $1.72B | $1.04B |
| Revenue Growth? | +34.2% | +51.1% | +46.6% | -76.9% | -2.5% | +37.8% | +27.9% | +48.4% | +65.7% | 0.0% |
| Cost of Revenue? | $1.35B | $1.05B | $683.84M | $434.78M | $2.21B | $2.05B | $1.47B | $1.16B | $887.30M | $521.32M |
| Gross Profit? | $1.67B | $1.20B | $805.57M | $581.30M | $2.19B | $2.45B | $1.80B | $1.40B | $837.41M | $519.77M |
| Gross Margin? | +55.4% | +53.3% | +54.1% | +57.2% | +49.8% | +54.4% | +55.1% | +54.6% | +48.6% | +49.9% |
| Operating Expenses? | $1.39B | $1.20B | $891.18M | $694.30M | $2.32B | $2.81B | $1.65B | $1.06B | $631.94M | $388.55M |
| Operating Income? | $277.07M | -$3.15M | -$85.61M | -$113.00M | -$130.52M | -$351.27M | $156.94M | $334.33M | $205.47M | $131.23M |
| EBITDA? | $277.07M | $49.14M | -$60.52M | -$76.69M | $55.08M | -$189.78M | $272.10M | $423.02M | $265.01M | $164.73M |
| Income Before Tax | $687.11M | $122.58M | $11.23M | -$111.56M | -$768.75M | -$213.61M | -$58.31M | $440.32M | $240.67M | $146.27M |
| Income Tax Expense | $154.99M | $38.32M | $15.37M | $19.94M | $397.72M | -$70.11M | $69.31M | $76.38M | $44.91M | $34.00M |
| Net Income? | $532.73M | $84.59M | -$3.57M | -$135.12M | -$1.14B | -$116.35M | -$110.17M | $366.65M | $199.56M | $116.66M |
| EPS? | $2.79 | $1.26 | $-0.06 | $-1.92 | $-15.90 | $-1.71 | $-1.83 | $5.67 | $3.51 | $2.14 |
| Diluted EPS? | $2.76 | $1.26 | $-0.05 | $-1.92 | $-15.90 | $-1.71 | $-1.83 | $5.40 | $2.97 | $1.96 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality