TAL · TAL Education Group

TAL Education Group concluded fiscal year 2026 with robust financial performance, highlighted by a 33.7% year-over-year revenue increase to US$3,008.9 million. The fourth quarter demonstrated strong momentum with net revenues of US$802.4 million, up 31.5% from the same period last year. Profitability improved significantly; the company reported operating income of US$72.5 million for the quarter, a turnaround from an operating loss of US$16.0 million in the prior year's quarter. This improvement was supported by a gross margin expansion to 53.2% from 52.0%. Net income attributable to TAL for the quarter reached US$244.8 million, substantially boosted by US$275.0 million in other income, primarily driven by fair value fluctuations in certain investments, partially offset by US$41.4 million in impairment losses on long-term investments. Management commentary emphasized solid progress across core businesses and enhanced operational capabilities. Looking ahead, the company remains focused on quality growth and operational execution. Additionally, the Board authorized a US$600 million share repurchase program in July 2025, signaling confidence in future prospects, with approximately US$3.3 million repurchased between January and April 2026. A management transition saw Mr. Mi Tian move from CTO to Senior Vice President effective April 22, 2026.