TAL Education Group income statement

In fiscal 2026, TAL Education Group reported revenue of $3.01bn, up 33.7% on the year before, operating income of $276m (a 9.2% margin) and net income of $531m, or $0.92 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

TAL Education Group: income statement, annual
Fiscal year	2010Feb 2010	2011Feb 2011	2012Feb 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Feb 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Feb 2021	2022Feb 2022	2023Feb 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026
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
Cost of revenue	37	56	96	116	152	203	304	522	882	1,164	1,469	2,049	2,203	436	684	1,050	1,343
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
Selling and marketing	6	10	23	28	36	54	74	126	242	484	853	1,680	1,118	283	462	749	889
General and administrative	11	19	38	51	70	110	161	263	386	580	795	1,117	1,200	414	414	455	500
Operating income	15	26	21	31	57	67	85	135	209	342	137	−438	−615	−91	−69	−3	276
Interest expense	0	0	—	—	0	6	7	13	17	18	12	17	8	—	—	—	—
Income before tax	16	27	28	38	67	77	137	155	247	457	−51	−225	−778	−110	17	132	685
Income tax	1	3	4	4	7	9	33	34	45	77	69	−70	397	20	15	38	154
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
Diluted shares (average)	375m	409m	468m	470m	478m	491m	549m	566m	583m	601m	595m	611m	644m	638m	610m	616m	579m
EBITDA	17	28	26	38	67	79	103	164	260	418	237	−301	−443	−55	−45	43	345

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from TAL Education Group's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to TAL Education Group.