TAL Education Group ADR · Q4 2026 earnings

Briefing

TAL FY Q4 2026: $802M revenue (+31.5%), $245M net income; FY sales $3.0B with $531M profit

TAL Education Group reported unaudited results for the fourth fiscal quarter and full year ended February 28, 2026. Q4 net revenues were $802.4 million, up 31.5% year-over-year, with income from operations of $72.5 million versus a $16.0 million loss in the prior-year quarter. Net income attributable to TAL was $244.8 million compared to a $7.3 million net loss a year ago, and non-GAAP net income was $254.5 million. Diluted net income per ADS was $0.44 and non-GAAP diluted EPS was $0.45. For the full fiscal year, net revenues grew 33.7% to $3,008.9 million, operating income reached $276.0 million, and net income was $530.8 million with non-GAAP net income of $573.8 million. Cash, cash equivalents and short-term investments totaled $3.24 billion as of February 28, 2026. Management highlighted solid progress across core businesses and focus on quality growth in fiscal 2027.

• Q4 net revenues rose 31.5% YoY to $802.4M; income from operations swung to $72.5M from a $16.0M loss.
• Q4 net income was $244.8M with diluted EPS of $0.44; non-GAAP net income $254.5M and non-GAAP diluted EPS $0.45.
• Fiscal 2026 net revenues grew 33.7% to $3.01B; FY net income $530.8M with non-GAAP EPS of $0.99 diluted.
• Gross margin expanded to 53.2% in Q4 from 52.0%; operating cash flow for FY 2026 was $601.5M.
• Cash and short-term investments were $3.24B; board authorized up to $600M share repurchase over 12 months.

Headline financials

Revenue & EPS history

Management expects to drive quality growth across business lines in fiscal 2027 while strengthening operational execution for long-term efficiency improvements; no quantitative FY 2027 targets were issued in the release.