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%	46.15%	-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	-20.81
Operating Expenses	1,389	1,203	875.35	674.14	2,297
Operating Income	276.04	-3.16	-69.23	-90.73	-109.47
Interest Expense	-	-	-	-	-7.87
Interest & Investment Income	62.03	83.48	84.93	61.56	103.18
Earnings From Equity Investments	-0.86	-9.53	-6.24	-2.25	10.79
Currency Exchange Gain (Loss)	-	3.01	-13.36	-36.93	3.64
Other Non Operating Income (Expenses)	390.16	19.26	40.37	23.02	6.28
EBT Excluding Unusual Items	727.37	93.06	36.48	-45.33	6.55
Impairment of Goodwill	-	-	-	-	-453.6
Gain (Loss) on Sale of Investments	-42.81	29.52	-25.24	-76.19	-268.84
Gain (Loss) on Sale of Assets	-	-	-	9.55	-
Asset Writedown	-	-	-	-	-51.45
Pretax Income	684.56	122.58	11.24	-111.97	-767.34
Income Tax Expense	154.42	38.32	15.38	20.01	396.99
Earnings From Continuing Operations	530.14	84.26	-4.14	-131.98	-1,164
Minority Interest in Earnings	0.61	0.33	0.57	-3.63	28.22
Net Income	530.75	84.59	-3.57	-135.61	-1,136
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	570.59%	-	-	-	-
Free Cash Flow	601.47	286.2	193.44	-102.97	-1,185
Free Cash Flow Per Share	1.04	0.47	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%	-2.49%
Profit Margin	17.64%	3.76%	-0.24%	-13.30%	-25.87%
Free Cash Flow Margin	19.99%	12.72%	12.98%	-10.10%	-27.00%
EBITDA	328.34	49.14	-39.36	-50.03	80.39
EBITDA Margin	10.91%	2.18%	-2.64%	-4.91%	1.83%
D&A For EBITDA	52.3	52.3	29.87	40.7	189.86
EBIT	276.04	-3.16	-69.23	-90.73	-109.47
EBIT Margin	9.17%	-0.14%	-4.64%	-8.90%	-2.49%
Effective Tax Rate	22.56%	31.26%	136.81%	-	-
Revenue as Reported	-	2,250	1,490	1,020	-
Advertising Expenses	-	305.91	147.26	41.96	222.12

Updated Apr 23, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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