TAL Education Group Announces Unaudited Financial Results for the First Fiscal Quarter Ended May 31, 2026

Rhea-AI Summary

TAL Education Group (NYSE: TAL) reported first quarter fiscal 2027 net revenues of US$758.4 million, up 31.9% year over year. Income from operations rose to US$137.2 million from US$14.3 million, while net income attributable to TAL increased to US$408.0 million from US$31.3 million.

Non-GAAP net income attributable to TAL reached US$419.5 million. Basic and diluted net income per ADS were US$0.74 and US$0.73, with non-GAAP equivalents at US$0.76 and US$0.75. Gross margin improved to 57.8%. Operating cash flow was US$478.2 million; cash, cash equivalents and short-term investments totaled US$2.87 billion. Deferred revenue rose to US$1.22 billion. The board extended the share repurchase program, allowing buybacks of up to US$393.7 million through July 28, 2027, after repurchasing 1,226,033 shares for about US$40.7 million.

Positive

• Net revenues US$758.4m, up 31.9% year over year
• Income from operations US$137.2m vs. US$14.3m a year ago
• Net income US$408.0m, up over 1,200% year over year
• Gross margin 57.8%, up from 54.9% in prior-year quarter
• Operating cash flow US$478.2m in the quarter
• Deferred revenue US$1.22b vs. US$0.88b as of February 28, 2026
• Share repurchase authorization US$393.7m extended to July 28, 2027

Negative

• Cash, cash equivalents and short-term investments down to US$2.87b from US$3.24b quarter-on-quarter
• Cost of revenues up 23.3% year over year to US$320.2m
• Income tax expense up to US$143.7m from US$11.1m year over year

Market reaction after 1Q27 earnings report: TAL +12.95%

+12.95% $12.30

15m delay

+12.95% Vs previous close

$12.30 Last Price

$11.05 $12.30 Day Range

$6.54B Market Cap

0.0x Rel. Volume

Following this news, TAL has gained 12.95%, reflecting a significant positive market reaction. Our momentum scanner has triggered 19 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $12.30.

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Market Context

The stock is surging +11.8% following this news. The prior earnings event moved TAL 18.03% higher ov...

Analysis

The stock is surging +11.8% following this news. The prior earnings event moved TAL 18.03% higher over 24 hours. This quarter’s growth included substantial other income from investment fair-value changes; the prior -9.31% earnings comparison remains a sourced volatility risk.

Key Figures

Net revenues: $758.4M Income from operations: $137.2M Net income attributable to TAL: $408.0M +5 more

8 metrics

Net revenues $758.4M Q1 fiscal 2027; up 31.9% year over year

Income from operations $137.2M Q1 fiscal 2027, versus $14.3M prior year

Net income attributable to TAL $408.0M Q1 fiscal 2027, versus $31.3M prior year

Non-GAAP net income $419.5M Q1 fiscal 2027, excluding share-based compensation expenses

Gross margin 57.8% Q1 fiscal 2027, versus 54.9% prior year

Other income $405.2M Q1 fiscal 2027; mainly driven by fair-value fluctuations in certain investments

Cash and short-term investments $2,874.5M As of May 31, 2026, versus $3,239.3M as of February 28, 2026

Share repurchase authorization Up to $393.7M Extended program through July 28, 2027

Previous Earnings Reports

5 past events · Latest: Apr 23 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 23	Q4/FY earnings	Positive	-9.3%	Strong Q4 and fiscal-year growth coincided with a negative 24-hour price reaction.
Jan 29	Q3 earnings	Positive	+18.0%	Revenue, profitability, margin, and deferred-revenue growth accompanied a positive price reaction.
Oct 30	Q2 earnings	Positive	+7.3%	Revenue and net income growth accompanied a positive 24-hour price reaction.
Jul 31	Q1 earnings	Positive	+8.4%	Revenue growth, improved profitability, and margin expansion accompanied a positive reaction.
Apr 24	Q4/FY earnings	Positive	-18.7%	Revenue and annual net-income growth coincided with a negative 24-hour price reaction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

TAL's tag-specific earnings reactions were mixed, with three positive alignments and two negative divergences.

Key Terms

non-gaap, share-based compensation expenses, american depositary share, deferred revenue, +1 more

5 terms

non-gaap financial

"Non-GAAP income from operations, which excluded share-based compensation expenses"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

share-based compensation expenses financial

"which excluded share-based compensation expenses"

Share-based compensation expenses are the accounting costs a company records when it pays employees, directors or contractors with company stock, stock options, or other equity instruments instead of cash. Investors care because these expenses reduce reported profits and can increase the number of outstanding shares, diluting ownership — like a business paying wages with gift cards that count as payroll cost and also add more gift cards in circulation.

american depositary share financial

"net income per American Depositary Share ("ADS") were US$0.74 and US$0.73"

An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.

deferred revenue financial

"the Company's deferred revenue balance was US$1,219.0 million"

Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.

View in glossary

fair value financial

"fluctuations in the fair value of certain investments"

Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, July 30, 2026 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the first quarter of fiscal year 2027 ended May 31, 2026.

Highlights for the First Quarter of Fiscal Year 2027

• Net revenues were US$758.4 million, compared to net revenues of US$575.0 million in the same period of the prior year.
• Income from operations was US$137.2 million, compared to income from operations of US$14.3 million in the same period of the prior year.
• Non-GAAP income from operations, which excluded share-based compensation expenses, was US$148.7 million, compared to non-GAAP income from operations of US$25.1 million in the same period of the prior year.
• Net income attributable to TAL was US$408.0 million, compared to net income attributable to TAL of US$31.3 million in the same period of the prior year.
• Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$419.5 million, compared to non-GAAP net income attributable to TAL of US$42.0 million in the same period of the prior year.
• Basic and diluted net income per American Depositary Share ("ADS") were US$0.74 and US$0.73, respectively. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$0.76 and US$0.75, respectively. Three ADSs represent one Class A common share.
• Cash, cash equivalents and short-term investments totaled US$2,874.5 million as of May 31, 2026, compared to US$3,239.3 million as of February 28, 2026.

Financial Data——First Quarter of Fiscal Year 2027
(In US$ thousands, except per ADS data and percentages)

	Three Months Ended
	May 31,
	2025	2026	Pct. Change
Net revenues	574,999	758,377	31.9 %
Income from operations	14,346	137,204	856.4 %
Non-GAAP income from operations	25,109	148,742	492.4 %
Net income attributable to TAL	31,282	408,007	1,204.3 %
Non-GAAP net income attributable to TAL	42,045	419,545	897.8 %
Net income per ADS attributable to TAL – basic	0.05	0.74	1,328.7 %
Net income per ADS attributable to TAL – diluted	0.05	0.73	1,334.5 %
Non-GAAP net income per ADS attributable to TAL – basic	0.07	0.76	993.0 %
Non-GAAP net income per ADS attributable to TAL – diluted	0.07	0.75	997.4 %

"Our first quarter performance in fiscal year 2027 reflects solid execution across our businesses," said Alex Peng, TAL's President and Chief Financial Officer. "Through ongoing refinement of our offerings and operational improvements, we've made steady progress in enhancing learning experiences while reinforcing our foundation for sustainable, high-quality growth."

Mr. Peng added, "We remain focused on executing with discipline and operating with efficiency across our organization. Our goal is to strengthen our operating model and deliver value to our shareholders."

Financial Results for the First Quarter of Fiscal Year 2027

Net Revenues

In the first quarter of fiscal year 2027, TAL reported net revenues of US$758.4 million, representing a 31.9% increase from US$575.0 million in the first quarter of fiscal year 2026.

Operating Costs and Expenses

In the first quarter of fiscal year 2027, operating costs and expenses were US$621.2 million, representing a 10.8% increase from US$560.7 million in the first quarter of fiscal year 2026. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$609.6 million, representing a 10.9% increase from US$549.9 million in the first quarter of fiscal year 2026.

Cost of revenues increased by 23.3% to US$320.2 million from US$259.6 million in the first quarter of fiscal year 2026. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 23.5% to US$319.7 million, from US$258.9 million in the first quarter of fiscal year 2026.

Selling and marketing expenses decreased by 4.8% to US$172.0 million from US$180.8 million in the first quarter of fiscal year 2026. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, decreased by 4.7% to US$169.3 million, from US$177.7 million in the first quarter of fiscal year 2026.

General and administrative expenses increased by 7.2% to US$129.0 million from US$120.3 million in the first quarter of fiscal year 2026. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 6.6% to US$120.7 million, from US$113.2 million in the first quarter of fiscal year 2026.

Total share-based compensation expenses allocated to the related operating costs and expenses increased by 7.2% to US$11.5 million in the first quarter of fiscal year 2027 from US$10.8 million in the same period of fiscal year 2026.

Gross Profit

Gross profit increased by 38.9% to US$438.2 million from US$315.4 million in the first quarter of fiscal year 2026. The gross margin for the first quarter of fiscal year 2027 was 57.8%, compared to 54.9% in the same period of the prior year.

Income from Operations

Income from operations was US$137.2 million in the first quarter of fiscal year 2027, compared to income from operations of US$14.3 million in the first quarter of fiscal year 2026. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$148.7 million, compared to Non-GAAP income from operations of US$25.1 million in the same period of the prior year.

Other Income, net

Other income was US$405.2 million for the first quarter of fiscal year 2027, compared to other income of US$9.5 million in the first quarter of fiscal year 2026. The change in other income for the first quarter was mainly driven by fluctuations in the fair value of certain investments.

Income Tax Expense

Income tax expense was US$143.7 million in the first quarter of fiscal year 2027, compared to US$11.1 million of income tax expense in the first quarter of fiscal year 2026.

Net Income Attributable to TAL Education Group

Net income attributable to TAL was US$408.0 million in the first quarter of fiscal year 2027, compared to net income attributable to TAL of US$31.3 million in the first quarter of fiscal year 2026. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$419.5 million, compared to Non-GAAP net income attributable to TAL of US$42.0 million in the first quarter of fiscal year 2026.

Basic and Diluted Net Income per ADS

Basic and diluted net income per ADS were US$0.74 and US$0.73, respectively, in the first quarter of fiscal year 2027. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$0.76 and US$0.75, respectively, in the first quarter of fiscal year 2027.

Cash Flow

Net cash provided by operating activities for the first quarter of fiscal year 2027 was US$478.2 million.

Cash, Cash Equivalents, and Short-Term Investments

As of May 31, 2026, the Company had US$1,641.6 million of cash and cash equivalents and US$1,232.9 million of short-term investments, compared to US$1,523.9 million of cash and cash equivalents and US$1,715.4 million of short-term investments as of February 28, 2026.

Deferred Revenue

As of May 31, 2026, the Company's deferred revenue balance was US$1,219.0 million, compared to US$882.2 million as of February 28, 2026.

Extension of Share Repurchase Program by the Company

The Company's board of directors (the "Board") has authorized to extend the Company's share repurchase program (the "Share Repurchase Program") initially launched in July 2025 by 12 months. Pursuant to the extended Share Repurchase Program, the Company may repurchase up to approximately US$393.7 million of its common shares through July 28, 2027. The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations. Between April 23, 2026 and July 28, 2026, the Company has repurchased 1,226,033 common shares at an aggregate consideration of approximately US$40.7 million.

Conference Call

The Company will host a conference call and live webcast to discuss its financial results for the first quarter of fiscal year 2027 ended May 31, 2026 at 8:00 a.m. U.S. Eastern Time on July 30, 2026 (8:00 p.m. Beijing Time on July 30, 2026).

Please note that you will need to pre-register for conference call participation at
https://dpregister.com/sreg/10210370/1046a47658e.

Upon registration, you will receive an email containing participant dial-in numbers, passcode, and a unique access PIN. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

A live and archived webcast of the conference call will be available on the Investor Relations section of TAL's website at https://ir.tal.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, TAL Education Group's strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's ability to continue to provide competitive learning services and products; the Company's ability to continue to recruit, train and retain talents; the Company's ability to improve the content of current course offerings and develop new courses; the Company's ability to maintain and enhance its brand; the Company's ability to maintain and continue to improve its teaching results; and the Company's ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company's reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

About TAL Education Group

TAL Education Group is a smart learning solutions provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".

About Non-GAAP Financial Measures

In evaluating its business, TAL considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating costs and expenses, non-GAAP income from operations, non-GAAP net income attributable to TAL, non-GAAP basic and non-GAAP diluted net income per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.

TAL believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. TAL believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to TAL's historical performance and liquidity. TAL computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. TAL believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the Company's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

For further information, please contact:

Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.com

 

TAL EDUCATION GROUP
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
	As of February 28, 2026		As of May 31, 2026
ASSETS
Current assets
Cash and cash equivalents	$ 1,523,879		$ 1,641,620
Restricted cash, current	227,551		274,497
Short-term investments	1,715,446		1,232,945
Inventories, net	143,326		184,821
Amounts due from related parties, current	46		30
Prepaid expenses and other current assets	232,870		355,915
Total current assets	3,843,118		3,689,828
Restricted cash, non-current	34,608		31,538
Property and equipment, net	500,710		508,778
Deferred tax assets	3,170		2,323
Rental deposits	28,058		29,736
Intangible assets, net	45,975		44,905
Goodwill	45,545		45,545
Land use rights, net	189,779		191,219
Amounts due from related parties, non-current	134		195
Long-term investments	828,249		1,736,551
Long-term prepayments and other non-current assets	37,216		87,966
Operating lease right-of-use assets	379,727		399,108
Total assets	$ 5,936,289		$ 6,767,692
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$ 152,513		$ 139,317
Deferred revenue, current	832,839		1,176,497
Amounts due to related parties, current	97		93
Accrued expenses and other current liabilities	672,344		746,663
Operating lease liabilities, current	109,393		118,807
Total current liabilities	1,767,186		2,181,377
Deferred revenue, non-current	49,353			42,528
Deferred tax liabilities	67,981			178,309
Operating lease liabilities, non-current	278,083			286,713
Total liabilities	2,162,603		2,688,927
Equity
Class A common shares	156		141
Class B common shares	49		49
Treasury stock	(20)		(6)
Additional paid-in capital	3,694,418		3,565,293
Statutory reserve	216,638		212,644
(Accumulated deficit)/retained earnings	(130,428)		281,573
Accumulated other comprehensive (loss)/income	(6,376)		19,903
Total TAL Education Group's equity	3,774,437		4,079,597
Non-controlling interests	(751)		(832)
Total equity	3,773,686		4,078,765
Total liabilities and equity	$ 5,936,289		$ 6,767,692

 

 

TAL EDUCATION GROUP
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)
	For the Three Months Ended May 31,
	2025		2026
Net revenues	$ 574,999		$ 758,377
Cost of revenues (note 1)	259,571		320,178
Gross profit	315,428		438,199
Operating expenses (note 1)
Selling and marketing	180,773		172,027
General and administrative (note 2)	120,309		128,968
Total operating expenses	301,082		300,995
Income from operations	14,346		137,204
Interest income, net	18,722		9,905
Other income, net	9,472		405,213
Income before income tax expense and loss from equity    method investments	42,540		552,322
Income tax expense	(11,078)		(143,658)
Loss from equity method investments	(255)		(739)
Net income	31,207		407,925
Add: Net loss attributable to non-controlling interests	75		82
Total net income attributable to TAL Education Group	$ 31,282		$ 408,007
Net income per common share
Basic	$ 0.15		$ 2.21
Diluted	0.15		2.19
Net income per ADS (note 3)
Basic	$ 0.05		$ 0.74
Diluted	0.05		0.73
Weighted average shares used in calculating net income per      common share
Basic	201,980,675		184,395,920
Diluted	204,880,688		186,286,428
Note1: Share-based compensation expenses are included in the operating costs and expenses as follows:
	For the Three Months
	Ended May 31,
	2025		2026
Cost of revenues	$ 622		$ 500
Selling and marketing expenses	3,071		2,727
General and administrative expenses	7,070		8,311
Total	$ 10,763		$ 11,538
Note 2: GAAP and non-GAAP general and administrative expenses include government subsidies, which were separately presented in our historical financial statements. This reclassification has been made to conform to the presentation for the current period, and such reclassification had no impact on the Group's previously reported income from operations, net income, shareholders' equity, or cash flows.
Note 3: Three ADSs represent one Class A common share.

 

 

TAL EDUCATION GROUP
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
(In thousands of U.S. dollars)
	For the Three Months Ended May 31,
	2025		2026
Net income	$ 31,207		$ 407,925
Other comprehensive income, net of tax	15,987		26,280
Comprehensive income	47,194		434,205
Add: Comprehensive loss attributable to non-controlling    interests	67		81
Comprehensive income attributable to TAL Education    Group	$ 47,261		$ 434,286

 

 

TAL EDUCATION GROUP
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
CASH FLOWS
(In thousands of U.S. dollars)
	For the Three Months Ended May 31,
	2025		2026
Net cash provided by operating activities	$ 347,785		$ 478,236
Net cash used in investing activities	(527,309)		(184,109)
Net cash used in financing activities	(254,104)		(140,664)
Effect of exchange rate changes	283		8,154
Net (decrease)/increase in cash, cash equivalents and restricted cash	(433,345)		161,617
Cash, cash equivalents and restricted cash at the beginning of    period	1,991,731		1,786,038
Cash, cash equivalents and restricted cash at the end of period	$ 1,558,386		$ 1,947,655

 

 

TAL EDUCATION GROUP
Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures
(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)
	For the Three Months Ended May 31,
	2025		2026
Cost of revenues	$ 259,571		$ 320,178
Share-based compensation expenses in cost of revenues	622		500
Non-GAAP cost of revenues	258,949		319,678
Selling and marketing expenses	180,773		172,027
Share-based compensation expenses in selling and marketing expenses	3,071		2,727
Non-GAAP selling and marketing expenses	177,702		169,300
General and administrative expenses (note 2)	120,309		128,968
Share-based compensation expenses in general and administrative expenses	7,070		8,311
Non-GAAP general and administrative expenses (note 2)	113,239		120,657
Operating costs and expenses	560,653		621,173
Share-based compensation expenses in operating costs and expenses	10,763		11,538
Non-GAAP operating costs and expenses	549,890		609,635
Income from operations	14,346		137,204
Share based compensation expenses	10,763		11,538
Non-GAAP income from operations	25,109		148,742
Net income attributable to TAL Education Group	31,282		408,007
Share based compensation expenses	10,763		11,538
Non-GAAP net income attributable to TAL Education Group (note 4)	$ 42,045		$ 419,545
Net income per ADS
Basic	$ 0.05		$ 0.74
Diluted	0.05		0.73
Non-GAAP net income per ADS
Basic	$ 0.07		$ 0.76
Diluted	0.07		0.75
ADSs used in calculating net income per ADS
Basic	605,942,025		553,187,760
Diluted	614,642,064		558,859,284
ADSs used in calculating Non-GAAP net income per ADS
Basic	605,942,025		553,187,760
Diluted	614,642,064		558,859,284
Note 4: The tax effect of share-based compensation expenses was immaterial in the first quarter of fiscal year 2027.

 

 

View original content:https://www.prnewswire.com/news-releases/tal-education-group-announces-unaudited-financial-results-for-the-first-fiscal-quarter-ended-may-31-2026-302838894.html

SOURCE TAL Education Group

FAQ

What were TAL (NYSE:TAL) revenues and net income for Q1 fiscal 2027 ended May 31, 2026?

TAL reported net revenues of US$758.4 million and net income attributable to TAL of US$408.0 million. According to TAL Education Group, this compares with US$575.0 million in revenues and US$31.3 million in net income in the prior-year quarter.

How did TAL Education Group’s profit margins change in Q1 fiscal 2027 (NYSE:TAL)?

TAL’s gross profit reached US$438.2 million, with gross margin improving to 57.8% from 54.9% a year earlier. According to TAL Education Group, income from operations increased to US$137.2 million, and non-GAAP operating income rose to US$148.7 million.

What is TAL Education Group’s non-GAAP EPS for Q1 fiscal 2027 (NYSE:TAL)?

For Q1 fiscal 2027, non-GAAP basic and diluted net income per ADS were US$0.76 and US$0.75. According to TAL Education Group, GAAP basic and diluted net income per ADS were US$0.74 and US$0.73, with three ADSs representing one Class A common share.

How strong was TAL Education Group’s cash flow and liquidity in Q1 fiscal 2027?

Net cash provided by operating activities was US$478.2 million in Q1 fiscal 2027. According to TAL Education Group, cash and cash equivalents were US$1,641.6 million and short-term investments were US$1,232.9 million as of May 31, 2026, totaling about US$2.87 billion.

How much did TAL Education Group’s deferred revenue grow as of May 31, 2026 (NYSE:TAL)?

Deferred revenue increased to US$1,219.0 million as of May 31, 2026. According to TAL Education Group, this compares with US$882.2 million as of February 28, 2026, including both current and non-current deferred revenue balances on the balance sheet.

What are the terms of TAL Education Group’s extended share repurchase program through July 2027?

The board authorized an extension allowing repurchases of up to approximately US$393.7 million of common shares through July 28, 2027. According to TAL Education Group, 1,226,033 shares were repurchased between April 23 and July 28, 2026 for about US$40.7 million.

What drove TAL Education Group’s other income in Q1 fiscal 2027 (NYSE:TAL)?

Other income reached US$405.2 million in Q1 fiscal 2027, versus US$9.5 million a year earlier. According to TAL Education Group, the change in other income was mainly driven by fluctuations in the fair value of certain investments during the quarter.