TAL Education Group ADR · Q1 2026 earnings

Briefing

TAL revenue jumps 39% to $575M as learning services and AI devices drive return to operating profit

TAL Education Group reported net revenues of $575.0 million for the first fiscal quarter of 2026 ended May 31, 2025, up 38.8% from $414.2 million a year ago. The company returned to operating profitability with income from operations of $14.3 million versus a $17.3 million loss in the prior-year quarter. Non-GAAP operating income was $25.1 million. Net income attributable to TAL was $31.3 million compared with $11.4 million, and non-GAAP net income was $42.0 million. Basic and diluted EPS were $0.05 per ADS; non-GAAP EPS was $0.07. Gross margin expanded to 54.9% from 51.7% on strong demand for learning services and new AI-powered device models including the P4, S4, and T4. Cash, cash equivalents and short-term investments totaled $3.47 billion, and deferred revenue rose to $967.9 million.

• Net revenue $575.0M (+38.8% YoY) driven by learning services and AI devices
• Operating income $14.3M vs $(17.3)M loss; non-GAAP operating income $25.1M
• Net income attributable to TAL $31.3M; non-GAAP net income $42.0M
• Gross margin 54.9% vs 51.7%; basic EPS $0.05, non-GAAP EPS $0.07 per ADS
• Cash and short-term investments $3.47B; deferred revenue $967.9M

Headline financials

Revenue & EPS history

Management remains focused on innovation in K-12 learning, expanding AI-powered device reach and adapting to evolving user needs, with a new $600M share repurchase authorization approved in July 2025.