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TAL Education Group (TAL) stock

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NYSE: TAL NYSE Education Services Next results ~January 28, 2027

B Fundamentals grade

TAL Education Group is a US-listed company in the education services industry. Its financial year ends in February.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($33.12) is 3.29x the share price ($10.08) and 2.15x the median of our other models ($15.44); the other models don't support a gap this wide.

Price vs value

Under review: our cash-flow value ($33.12) is 3.29x the share price ($10.08) and 2.15x the median of our other models ($15.44); the other models don't support a gap this wide. We'll show the comparison once resolved.

TAL Education Group valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds111 adding, 131 cuttingOf 37 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter TAL Education Group files

Where TAL Education stands after its latest Filing

Revenue for the twelve months was $3.01bn, up 33.7% on a year earlier, slower than the 51.0% growth a quarter earlier. That growth ranks 3 of 25 among the education services companies we cover. Free-cash-flow margin rose to 16.9% from -27.0% a year earlier. Operating margin widened to 9.2% from -14.0%. The diluted share count is down 6.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks.

Our model value for TAL Education Group is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

TAL Education Group's trailing-twelve-month revenue grew 33.7% year on year, with a free-cash-flow margin of 16.9%. Where it stands out: days sales outstanding of 9 days ranks 2 of 18 education services companies we cover. Where it lags: change in growth rate of -17.3pp ranks 22 of 25 education services companies we cover.

Our discounted-cash-flow model values the business at ~$33 per share in the base case (~$27–$42 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 77.8% while net income grew 527.4%: a 450pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 33.7% over the last 12 months, against a median of 7.5% for education services companies we cover.
  • Margins widening. Operating margin is up 9.3 points on a year ago.
  • Shrinking share count. Diluted shares fell 6.0% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $1.5bn.

Things to watch

  • Growth slowing. The growth rate is 17.3 points lower than a quarter earlier.

Latest results

Earnings per share
-$0.06 against an average estimate of $0.24: missed by 125.2%
Next report
January 28, 2027; average EPS estimate $0.20

TAL Education Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.3%
  • 1 week-1.4%
  • 1 month-16.3%
  • This year-7.4%
  • 1 year-17.6%
  • 5 years+143.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3B
Operating margin
9.2%
Net margin
17.6%
EPS (TTM, diluted)
$0.92

Growth

Revenue growth
+33.7%
Change in growth rate
−17.3 pts
Share count change
−6.0%

Cash

Free cash flow (TTM)
$508M
FCF margin
16.9%
Stock pay % of revenue
1.4%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TAL from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TAL Education Group valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($33.12) is 3.29x the share price ($10.08) and 2.15x the median of our other models ($15.44); the other models don't support a gap this wide.

Our value per share comes from a discounted-cash-flow model of TAL Education Group's free cash flow after stock-based pay ( $352M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value TAL Education Group as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$33 ~$27–$42 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$15 ~$12–$18 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$2.6 ~$8.7–$15 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.3 Left out: out of range vs price (0.03x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TAL Education Group with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$8.59$14.35$37.76$35.60$54.39$77.54$2.84$7.03$14.73$12.92$10.53
Market value$4.7bn$8.1bn$22.0bn$21.4bn$32.3bn$47.4bn$1.8bn$4.5bn$9.0bn$8.0bn$6.1bn
+ Net debt (− = net cash)−$206m−$245m−$475m−$1.0bn−$1.6bn−$3.2bn−$1.6bn−$2.0bn−$2.2bn−$1.8bn−$1.5bn
Enterprise value$4.5bn$7.9bn$21.5bn$20.3bn$30.7bn$44.1bn$192m$2.5bn$6.8bn$6.2bn$4.6bn
Multiples
Price / sales 7.6x7.8x12.8x8.3x9.9x10.5x0.4x4.4x6.0x3.5x2.0x
Price / earnings 45.9x69.4x110.9x58.2x—————94.0x11.5x
Price / free cash flow 29.1x26.4x39.4xn/m47.7x66.7x——46.4x27.8x12.0x
EV / EBITDA 43.7x48.1x83.0x48.6x129.7x————145.1x13.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard TAL Education Group's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Pricing power 16 / 20

    Gross margin has been a median 49.8%, moving by 3.1 percentage points (standard deviation) across 5 years.

  • Durability 3 / 20

    Operating margin has been a median 12.2%; its worst year was -14.0%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 4 of 5 years, at a median 28.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (61 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, before the open. Analysts expect revenue of $858m and EPS of $0.20 (range $0.20 to $0.21) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current — — $3.5bn +16%
Next — — $4.2bn +22%

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 $0.24 −$0.06 −125.2%
May 2026 $0.29 $0.75 +161.6%
Feb 2026 $0.16 $0.45 +186.4%
Nov 2025 $0.08 $0.25 +229.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

19 analysts, Oct 2026
Buy1789%
Hold211%
Sell00%

Monthly trend

  1. Oct 2026611219
  2. Sep 2026511319
  3. Aug 2026511319
  4. Jul 2026512320

Counts of recommendations published by analysts covering TAL Education Group, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.9%
of tradable shares
Days to cover
6.68
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
66%
of shares
Held by insiders
0.1%
of shares
Employees
26,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TAL−95%+79%+79%−21%+9%−7%
Industry peers (median)−10%−10%+23%+25%−3%−9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TAL33%67%50%33%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TAL−96%−56%−45%−51%−41%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 98% from February 19, 2021 to March 14, 2022. Getting back needed a 5051% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$8.95 – $12.86
From 52-week high
−21.5%
vs 50-day average
−13.7%
vs 200-day average
−8.9%
Volatility (1 year)
44%
Beta vs S&P 500
0.67

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

TAL Education Group in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TAL Education Group
$0 $2B $4B $6B FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Revenue (TTM), FY15 Q4: $434M Revenue (TTM), FY16 Q4: $619.9M Revenue (TTM), FY17 Q4: $1B Revenue (TTM), FY18 Q4: $1.7B Revenue (TTM), FY19 Q4: $2.6B Revenue (TTM), FY20 Q4: $3.3B Revenue (TTM), FY21 Q4: $4.5B Revenue (TTM), FY22 Q4: $4.4B Revenue (TTM), FY23 Q4: $1B Revenue (TTM), FY24 Q4: $1.5B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q4: $3B $3B

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY15 Q4 $434M
FY16 Q4 $619.9M
FY17 Q4 $1B
FY18 Q4 $1.7B
FY19 Q4 $2.6B
FY20 Q4 $3.3B
FY21 Q4 $4.5B
FY22 Q4 $4.4B
FY23 Q4 $1B
FY24 Q4 $1.5B
FY25 Q4 $2.3B
FY26 Q4 $3B
Revenue growth, TTM YoY TAL Education Group
-100% -50% 0% 50% 100% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Revenue growth, TTM YoY, FY15 Q4: 38.3% Revenue growth, TTM YoY, FY16 Q4: 42.9% Revenue growth, TTM YoY, FY17 Q4: 68.3% Revenue growth, TTM YoY, FY18 Q4: 64.4% Revenue growth, TTM YoY, FY19 Q4: 49.4% Revenue growth, TTM YoY, FY20 Q4: 27.7% Revenue growth, TTM YoY, FY21 Q4: 37.3% Revenue growth, TTM YoY, FY22 Q4: -2.3% Revenue growth, TTM YoY, FY23 Q4: -76.8% Revenue growth, TTM YoY, FY24 Q4: 46.2% Revenue growth, TTM YoY, FY25 Q4: 51.0% Revenue growth, TTM YoY, FY26 Q4: 33.7% 33.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY15 Q4 38.3%
FY16 Q4 42.9%
FY17 Q4 68.3%
FY18 Q4 64.4%
FY19 Q4 49.4%
FY20 Q4 27.7%
FY21 Q4 37.3%
FY22 Q4 -2.3%
FY23 Q4 -76.8%
FY24 Q4 46.2%
FY25 Q4 51.0%
FY26 Q4 33.7%
Operating margin (TTM) TAL Education Group
-20% -10% 0% 10% 20% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 Operating margin (TTM), FY15 Q4: 15.5% Operating margin (TTM), FY16 Q4: 13.7% Operating margin (TTM), FY17 Q4: 12.9% Operating margin (TTM), FY18 Q4: 12.2% Operating margin (TTM), FY19 Q4: 13.3% Operating margin (TTM), FY20 Q4: 4.2% Operating margin (TTM), FY21 Q4: -9.7% Operating margin (TTM), FY22 Q4: -14.0% Operating margin (TTM), FY23 Q4: -8.9% Operating margin (TTM), FY24 Q4: -4.6% Operating margin (TTM), FY25 Q4: -0.1% Operating margin (TTM), FY26 Q4: 9.2% 9.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY15 Q4 15.5%
FY16 Q4 13.7%
FY17 Q4 12.9%
FY18 Q4 12.2%
FY19 Q4 13.3%
FY20 Q4 4.2%
FY21 Q4 -9.7%
FY22 Q4 -14.0%
FY23 Q4 -8.9%
FY24 Q4 -4.6%
FY25 Q4 -0.1%
FY26 Q4 9.2%
FCF margin (TTM) TAL Education Group
-40% -20% 0% 20% 40% FY15 Q4 FY18 Q4 FY21 Q4 FY26 Q4 FCF margin (TTM), FY15 Q4: 26.9% FCF margin (TTM), FY16 Q4: 26.1% FCF margin (TTM), FY17 Q4: 29.5% FCF margin (TTM), FY18 Q4: 32.5% FCF margin (TTM), FY19 Q4: 1.9% FCF margin (TTM), FY20 Q4: 20.6% FCF margin (TTM), FY21 Q4: 15.8% FCF margin (TTM), FY22 Q4: -27.0% FCF margin (TTM), FY23 Q4: -10.1% FCF margin (TTM), FY24 Q4: 12.9% FCF margin (TTM), FY25 Q4: 12.7% FCF margin (TTM), FY26 Q4: 16.9% 16.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY15 Q4 26.9%
FY16 Q4 26.1%
FY17 Q4 29.5%
FY18 Q4 32.5%
FY19 Q4 1.9%
FY20 Q4 20.6%
FY21 Q4 15.8%
FY22 Q4 -27.0%
FY23 Q4 -10.1%
FY24 Q4 12.9%
FY25 Q4 12.7%
FY26 Q4 16.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Feb 2010 2011 Feb 2011 2012 Feb 2012 2013 Feb 2013 2014 Feb 2014 2015 Feb 2015 2016 Feb 2016 2017 Feb 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Feb 2021 2022 Feb 2022 2023 Feb 2023 2024 Feb 2024 2025 Feb 2025 2026 Feb 2026
Income
Revenue 69 111 178 226 314 434 620 1,043 1,715 2,563 3,273 4,496 4,391 1,020 1,490 2,250 3,009
Gross profit 32 54 82 110 162 231 316 521 833 1,399 1,805 2,447 2,188 583 806 1,200 1,665
EBITDA 17 28 26 38 67 79 103 164 260 418 237 −301 −443 −55 −45 43 345
Operating income 15 26 21 31 57 67 85 135 209 342 137 −438 −615 −91 −69 −3 276
Net income 14 24 24 33 61 67 103 117 198 367 −110 −116 −1,136 −136 −4 85 531
Diluted EPS $0.04 $0.06 $0.05 $0.07 $0.13 $0.14 $0.20 $0.22 $0.34 $0.61 −$0.19 −$0.19 −$1.76 −$0.21 — $0.14 $0.92
Growth (year on year)
Revenue — +59.6% +60.5% +27.3% +38.9% +38.3% +42.9% +68.3% +64.4% +49.4% +27.7% +37.3% −2.3% −76.8% +46.2% +51.0% +33.7%
EBITDA — +70.0% −7.5% +46.6% +74.1% +18.0% +30.7% +58.4% +58.7% +61.2% −43.3% −227.1% — — — — —
Operating income — +66.0% −17.8% +49.4% +82.7% +17.2% +26.5% +58.2% +55.0% +63.7% −59.8% −418.8% — — — — —
Net income — +68.8% +1.1% +37.5% +81.2% +10.8% +53.2% +13.6% +69.8% +85.1% −130.0% — — — — — +527.4%
Diluted EPS — +63.6% −11.1% +31.3% +81.0% +7.9% +46.3% +10.0% +56.1% +77.7% −130.6% — — — — — +570.7%
Margins
Gross margin 46.0% 49.2% 46.2% 48.8% 51.7% 53.2% 51.0% 49.9% 48.6% 54.6% 55.1% 54.4% 49.8% 57.2% 54.1% 53.3% 55.4%
EBITDA margin 24.1% 25.6% 14.8% 17.0% 21.3% 18.2% 16.6% 15.7% 15.1% 16.3% 7.2% −6.7% −10.1% −5.4% −3.1% 1.9% 11.5%
Operating margin 22.2% 23.1% 11.8% 13.9% 18.3% 15.5% 13.7% 12.9% 12.2% 13.3% 4.2% −9.7% −14.0% −8.9% −4.6% −0.1% 9.2%
Net margin 20.6% 21.7% 13.7% 14.8% 19.3% 15.5% 16.6% 11.2% 11.6% 14.3% −3.4% −2.6% −25.9% −13.3% −0.2% 3.8% 17.6%
Free-cash-flow margin 33.8% 44.0% 0.4% 26.2% 28.9% 26.9% 26.1% 29.5% 32.6% 2.2% 20.7% 15.8% −27.0% −10.1% 13.0% 12.7% 16.9%
Cash flow
Cash from operations 27 54 73 65 102 148 197 379 685 194 856 955 −939 7 306 398 601
Capital spending 4 5 73 6 11 31 35 71 126 138 178 245 246 110 113 112 93
Free cash flow 23 49 1 59 91 117 162 308 559 56 678 710 −1,185 −103 193 286 508
Stock-based pay — 5 8 8 8 18 26 36 47 77 118 205 175 109 89 65 43
Free cash flow after stock pay — 43 −7 51 82 98 136 272 512 −21 560 505 −1,360 −212 105 221 465
Balance sheet
Cash 51 173 189 185 270 470 434 470 712 1,247 1,874 3,243 1,638 2,022 2,209 1,771 1,524
Total debt 0 0 0 0 1 226 228 225 236 210 262 — 0 0 0 0 0
Net debt (negative = net cash) −51 −173 −189 −185 −269 −244 −206 −245 −475 −1,037 −1,612 −3,243 −1,638 −2,022 −2,209 −1,771 −1,524
Diluted shares 375m 409m 468m 470m 478m 491m 549m 566m 583m 601m 595m 611m 644m 638m 610m 616m 579m
Returned to shareholders
Dividends — 30 — 39 — — 0 0 41 0 — — — — — — —
Buybacks — — — 2 — — — — — — — 10 196 66 234 13 644
Total returned — 30 — 41 — — 0 0 41 0 — 10 196 66 234 13 644

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · February 28, 2026
What it owns · $5.9bn
Short-term assets $3.8bnLonger-term assets $2.1bn
What it owes, and who funded it · $5.9bn
Short-term liabilities $1.8bnLonger-term liabilities $395mShareholders' equity $3.8bn
  • Short-term assets cover short-term liabilities $3.8bn of assets due within a year against $1.8bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.8bn short-term assets against $395m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From TAL Education Group's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$644M
Buybacks, last 3 fiscal years
$891M
Diluted share count
−6.0%
year over year
Total shareholder yield
11.0%
dividends 0.0% + buybacks 11.0% of market value
Days sales outstanding
9 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated TAL KLC LRN CVSA LAUR EDU Median
Revenue, last 12 months $3.0bn $2.7bn $2.5bn $2.0bn $1.9bn $5.7bn $266m
Revenue growth, last 12 months 33.7% 1.8% 2.5% 9.3% 20.9% 15.5% 7.5%
Revenue growth, 3-year average 112.4% — 10.3% 11.0% 10.5% 70.7% 10.3%
Revenue growth, latest quarter — −0.4% 3.0% 10.7% 21.2% — 5.8%
Gross margin 55.4% — 37.4% 57.4% 28.6% 54.6% 54.6%
Operating margin 9.2% −14.9% 18.4% 19.8% 25.8% 11.4% 5.0%
Operating margin, 3-year average 2.4% −1.1% 15.9% 18.4% 24.2% −3.2% 5.9%
Net margin 17.6% −17.2% 13.2% 12.8% 20.3% 8.4% 3.9%
Cash from operations / revenue 20.0% 7.7% 19.9% 22.7% 21.8% 18.1% 8.4%
Free-cash-flow margin 16.9% 3.0% 19.9% 17.7% 15.0% 13.8% 5.8%
Free-cash-flow margin, 3-year average 7.4% — 16.0% 16.7% 14.2% −3.0% 5.4%
Stock pay / revenue 1.4% 0.3% 0.9% 2.1% 0.7% 1.6% 1.4%
Change in share count −6.0% 7.4% −7.1% −7.2% −3.7% −2.2% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth 33.7% 7.5% 3 of 25
Change in growth rate Growth -17.3pp -0.5pp 22 of 25
Gross margin Profitability 55.4% 54.6% 9 of 19
Operating margin Profitability 9.2% 5.0% 10 of 25
Net margin Profitability 17.6% 3.9% 5 of 25
Free-cash-flow margin Cash generation 16.9% 5.8% 7 of 25
Stock pay as % of revenue Cash generation 1.4% 1.4% 11 of 21
Change in share count Balance sheet -6.0% 0.7% 5 of 24
Days sales outstanding Balance sheet 9 days 29 days 2 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$2.4B
Institutions reporting
236
Shares held vs prior quarter
▲ 11.9%
Positions opened / closed
41 / 32

Top buyers and sellers, Q2 2026: 111 institutions bought and 131 sold ; the biggest buyer was UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC (+20.7M shares) and the biggest seller Blackrock, Inc (−3.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $221M 23.1M 9.1% ▼ 13.8%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $198M 20.7M 8.2% ▲ 792058.5%
Krane Funds Advisors LLC $166M 17.3M 6.8% ▼ 8.7%
Robeco Institutional Asset Management B.V. $141M 14.7M 5.8% ▲ 37.1%
Morgan Stanley $128M 13.4M 5.3% ▲ 3.5%
Coreview Capital Management Ltd $107M 11.2M 4.4% ▲ 2.0%
Vanguard Capital Management LLC $95.3M 10.0M 3.9% ▼ 22.7%
Tiger Pacific Capital LP $76.3M 8.0M 3.1% 0.0%
Arrowstreet Capital, Limited Partnership $72.8M 7.6M 3.0% ▲ 2.9%
State Street Corp $72M 7.5M 3.0% ▼ 2.3%
Goldman Sachs Group Inc $64.6M 6.7M 2.7% ▲ 15.6%
Acadian Asset Management LLC $62.8M 6.6M 2.6% ▼ 12.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TAL Education Group's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.2M 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $1.2M net selling
Insider Date Trade Shares Price Value
Peng Alex Zhuangzhuang See Remarks August 3, 2026 Sell 30,000 $12.28 $368,400
Peng Alex Zhuangzhuang See Remarks April 27, 2026 Sell 80,000 $10.86 $868,800

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on TAL Education Group was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TAL Education Group in brief

What does TAL Education Group do?
TAL Education Group is a US-listed company in the education services industry. Its financial year ends in February.
What is TAL Education Group's stock ticker?
TAL Education Group trades under the ticker TAL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TAL Education Group's revenue, and how fast is it growing?
Over its most recent trailing twelve months, TAL Education Group reported revenue of $3B, 33.7% higher than a year earlier, according to its SEC filings.
What is TAL Education Group's free cash flow?
TAL Education Group's free-cash-flow margin is 16.9% of revenue over the trailing twelve months, ranking 7 of the 25 education services companies we cover.
Who are TAL Education Group's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC and Krane Funds Advisors LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is TAL Education Group buying back stock, and does it pay a dividend?
TAL Education Group spent $644M on share repurchases over the trailing twelve months, and its diluted share count fell 6.0% over the year.
What is TAL Education Group's market cap?
On February 27, 2026, TAL Education Group's market capitalisation was about $6.1B, with a price-to-earnings ratio of 11.5 and net debt of -$1.5B. Market figures come from third-party market data and may be delayed.
Who are TAL Education Group's competitors?
In our Education Services peer group, the companies closest to TAL Education Group are Kindercare Learning Companies, Inc., Stride, Inc., Covista Inc., Laureate Education, Inc. and New Oriental Education & Technology Group Inc. The side-by-side comparison below sets their revenue, margins and growth against TAL Education Group's.
Are insiders buying or selling TAL Education Group stock?
Over the last 12 months, TAL Education Group's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is TAL Education Group's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TAL Education Group announces its own schedule.