TAL Education Group (TAL) — Financial statements
Income statement, balance sheet, and cash flow for TAL Education Group — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,020↑34.2% | 2,250↑51.1% | 1,489↑46.6% | 1,016↓76.9% | 4,399 | |
| Cost of Revenue | 1,348↑28.4% | 1,050↑53.5% | 684↑57.3% | 435↓80.3% | 2,207 | |
| Gross Profit | 1,672↑39.3% | 1,200↑49.0% | 806↑38.6% | 581↓73.5% | 2,192 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 459 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 749 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,395↑15.5% | 1,208↑35.5% | 891↑28.4% | 694↓70.1% | 2,322 | |
| Other Expenses | 0.00↑100.0% | -4 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 1,395↑15.9% | 1,203↑35.0% | 891↑28.4% | 694↓70.1% | 2,322 | |
| Total Costs & Expenses | 2,743↑21.7% | 2,253↑43.1% | 1,575↑39.5% | 1,129↓75.1% | 4,529 | |
| Operating Results | ||||||
| Operating Income | 277↑8881.9% | -3↑96.3% | -86↑24.2% | -113↑13.4% | -131 | |
| Depreciation & Amortization | 0.00↓100.0% | 52↑108.4% | 25↓30.9% | 36↓80.4% | 186 | |
| EBITDA | 277↑463.8% | 49↑181.2% | -61↑21.1% | -77↓239.2% | 55 | |
| EBIT | 277↑8881.9% | -3↑96.3% | -86↑24.2% | -113↑13.4% | -131 | |
| Interest & Other Income | ||||||
| Net Interest Income | 62↓25.4% | 83↓1.7% | 85↑38.0% | 62↓35.4% | 95 | |
| Interest Income | 62↓25.4% | 83↓1.7% | 85↑38.0% | 62↓40.3% | 103 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 8 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 410↑226.1% | 126↑29.8% | 97↑6622.0% | 1↑100.2% | -638 | |
| Income Before Tax | 687↑460.5% | 123↑991.2% | 11↑110.1% | -112↑85.5% | -769 | |
| Income Tax Expense | 155↑304.5% | 38↑149.3% | 15↓22.9% | 20↓95.0% | 398 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 532↑531.5% | 84↑2137.7% | -4↑96.9% | -131↑88.7% | -1,166 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 533↑529.8% | 85↑2469.1% | -4↑97.4% | -135↑88.1% | -1,138 | |
| Bottom-Line Net Income | 533↑529.8% | 85↑2469.1% | -4↑97.4% | -135↑88.1% | -1,138 | |
| EPS (Basic) | 2.79↑121.4% | 1.26↑2189.6% | -0.06↑96.9% | -1.92↑87.9% | -15.90 | |
| EPS (Diluted) | 2.76↑119.0% | 1.26↑2472.9% | -0.05↑97.2% | -1.92↑87.9% | -15.90 | |
| Weighted Average Shares | 190↑181.2% | 68↑15.4% | 59↓16.1% | 70↓1.3% | 71 | |
| Weighted Average Diluted Shares | 193↑184.9% | 68↑0.9% | 67↓4.4% | 70↓1.0% | 71 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.