TAL Education Group Income Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Revenue	3,009	2,250	1,490	1,020	4,391
Revenue Growth (YoY)	33.72%	50.98%	46.16%	-76.78%	-2.33%
Cost of Revenue	1,343	-1,050	-684.32	-436.36	-2,203
Gross Profit	1,665	1,200	806.12	583.41	2,188
Selling, General & Admin	1,389	-1,208	-891.8	-696.83	-2,318
Other Operating Expenses	-	-4.23	-16.45	-22.68	-525.86
Operating Income	276.04	-3.16	-69.23	-90.73	-614.52
Interest Income	62.03	83.48	84.93	61.56	103.18
Interest Expense	-	-	-	-	-7.87
Other Non-Operating Income (Expense)	347.34	51.78	1.78	-80.55	-258.92
Total Non-Operating Income (Expense)	409.37	135.27	86.71	-18.99	-163.61
Pretax Income	685.41	132.11	17.48	-109.72	-778.13
Provision for Income Taxes	154.42	38.32	15.38	20.01	396.99
Net Income	530.75	84.59	-3.57	-135.61	-1,136
Minority Interest in Earnings	0.24	9.2	5.68	5.88	-39.01
Net Income to Common	530.75	84.59	-3.57	-135.61	-1,136
Net Income Growth	527.43%	-	-	-	-
Shares Outstanding (Basic)	571	606	610	638	644
Shares Outstanding (Diluted)	579	616	610	638	644
Shares Change (YoY)	-5.99%	0.94%	-4.36%	-1.05%	5.51%
EPS (Basic)	0.93	0.14	-0.01	-0.21	-1.76
EPS (Diluted)	0.92	0.14	-0.01	-0.21	-1.76
EPS Growth	570.73%	-	-	-	-
Shares Outstanding	608.32	608.32	604.22	212.32	215.94
Free Cash Flow	601.47	286.2	193.44	-102.97	-1,185
Free Cash Flow Growth	110.16%	47.95%	-	-	-
Free Cash Flow Per Share	1.04	0.46	0.32	-0.16	-1.84
Gross Margin	55.35%	53.34%	54.09%	57.21%	49.82%
Operating Margin	9.17%	-0.14%	-4.64%	-8.90%	-14.00%
Profit Margin	17.65%	4.17%	0.14%	-12.72%	-26.76%
FCF Margin	19.99%	12.72%	12.98%	-10.10%	-27.00%
EBITDA	276.04	49.14	-39.36	-50.03	-424.66
EBITDA Margin	9.17%	2.18%	-2.64%	-4.91%	-9.67%
EBIT	276.04	-3.16	-69.23	-90.73	-614.52
EBIT Margin	9.17%	-0.14%	-4.64%	-8.90%	-14.00%
Effective Tax Rate	22.53%	29.01%	87.97%	-18.24%	-51.02%

Updated Feb 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.