Driving Quality Growth: TAL Education Group's Fiscal Year 2026 Financial Results
TAL Education Group, a leading smart learning solutions provider in China, has announced its unaudited financial results for the fourth quarter and fiscal year ending February 28, 2026. The company reported solid progress in its core businesses, expanding its reach and enhancing offerings to better serve learners' evolving needs. As they enter fiscal year 2027, TAL remains focused on driving quality growth and operational efficiency.
In the fourth quarter of fiscal year 2026, TAL reported net revenues of US$802.4 million, a 31.5% increase from the same period in fiscal year 2025. Operating costs and expenses were US$729.9 million, with non-GAAP operating costs and expenses at US$720.2 million, excluding share-based compensation expenses. Gross profit increased by 34.5% to US$427.2 million, with a gross margin of 53.2%.
Income from operations was US$72.5 million in the fourth quarter of fiscal year 2026, compared to a loss from operations in the same period of the prior year. Other income was US$275.0 million, driven by fluctuations in the fair value of investments. Net income attributable to TAL was US$244.8 million, a significant improvement from the previous year.
For the fiscal year ended February 28, 2026, TAL reported net revenues of US$3,008.9 million, a 33.7% increase from the prior year. Operating costs and expenses were US$2,732.9 million, with non-GAAP operating costs and expenses at US$2,689.8 million. Gross profit increased by 38.8% to US$1,665.5 million, with a gross margin of 55.4%.
Income from operations for the fiscal year was US$276.0 million, compared to a loss in the previous year. Other income was US$390.2 million, mainly influenced by fluctuations in investment values. Net income attributable to TAL was US$530.8 million, a substantial improvement from the prior year.
TAL Education Group continues to focus on providing top learning opportunities for students through high-quality teaching and technology applications. The company offers comprehensive learning solutions for students of all ages, both in and out of China. TAL's non-GAAP financial measures exclude share-based compensation expenses to provide a clearer picture of its operating performance and liquidity.