Welcome to our dedicated page for TAL Education Group SEC filings (Ticker: TAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
TAL Education Group files foreign-issuer current reports that document its smart learning solutions business in China, unaudited financial results, and related shareholder materials. Its Form 6-K reports include press-release exhibits covering quarterly and annual revenue, operating income or loss, net income, non-GAAP measures that exclude share-based compensation, cash and short-term investment balances, and earnings per American Depositary Share.
The filings also record TAL's ADS structure, including the relationship between ADSs and Class A common shares, and include annual general meeting notices when furnished. These disclosures frame the company's reporting around operating performance, capital resources, governance matters, and foreign private issuer status.
TAL Education Group President and Chief Financial Officer Alex Zhuangzhuang Peng sold 30,000 American Depositary Shares (ADSs) on August 3, 2026 at a weighted average price of $12.281 per ADS in broker-assisted transactions pursuant to Rule 144. Following this sale, he directly holds 15,144 ADSs. Each three ADSs represent one Class A common share with a par value of $0.001 per share.
TAL Education Group reported strong unaudited results for the first quarter of fiscal 2027 ended May 31, 2026. Net revenues rose 31.9% to US$758.4 million, while gross profit increased 38.9% to US$438.2 million and gross margin improved to 57.8%. Income from operations jumped to US$137.2 million from US$14.3 million, or US$148.7 million on a non-GAAP basis. Basic net income per ADS was US$0.74, and non-GAAP basic net income per ADS was US$0.76.
Net income attributable to TAL climbed to US$408.0 million, supported by US$405.2 million of other income mainly from fair value changes in investments. Operating cash flow was US$478.2 million. As of May 31, 2026, TAL held US$1,641.6 million in cash and cash equivalents and US$1,232.9 million in short-term investments, while deferred revenue increased to US$1,219.0 million. The board extended a share repurchase program that permits up to approximately US$393.7 million of common shares to be bought back through July 28, 2027.
TAL Education Group files its annual report as a Cayman Islands holding company that operates mainly in China through PRC subsidiaries and variable interest entities (VIEs). VIEs and their subsidiaries generated 82.6%, 81.5% and 78.6% of net revenues in fiscal 2024, 2025 and 2026, and are consolidated solely via contractual arrangements.
The report emphasizes significant legal and regulatory risks around the VIE structure, evolving PRC rules on foreign investment, after-school tutoring, data, AI and licensing, any of which could force structural changes or penalties and severely affect ADS value. It also highlights HFCAA and PCAOB inspection risks that could eventually lead to U.S. trading prohibition if access is lost.
Net revenues grew from $1.49 billion in fiscal 2024 to $3.01 billion in 2026, with consolidated net income improving from a small loss in 2024 to $530.1 million in 2026. TAL reports cash and cash equivalents of $1.52 billion as of February 28, 2026, but notes that dividend payments and fund movements depend on PRC rules, service-fee flows from VIEs, and statutory reserve requirements.
TAL Education Group ownership update: FMR LLC reports beneficial ownership of 1,008,716.03 shares of Class A common stock, representing 0.7% of the class as stated on the cover. The filing notes some shares are held on behalf of others and that no single other person holds more than 5%.
TAL Education Group director and officer Liu Yachao reported routine equity compensation activity. On April 26, 2026, Liu exercised 39,672 Restricted Stock Units (RSUs) into American Depositary Shares (ADSs) at a conversion price of $0.0000 per ADS.
On April 27, 2026, 18,967 ADSs were disposed of at $10.804 per ADS to cover tax obligations, a non‑market tax-withholding transaction. After these transactions, Liu directly held 243,540 ADSs. Footnotes state that RSUs covering 39,672 ADSs vest on April 26, 2026, 30,858 ADSs on April 26, 2027, and 20,571 ADSs on April 26, 2028.
TAL Education Group executive Alex Zhuangzhuang Peng reported a combination of RSU vesting, tax withholding, and open-market selling of American Depositary Shares (ADSs). On April 27, 2026, he sold 80,000 ADSs in open-market transactions at a weighted average price of $10.856 per ADS, with individual trades ranging from $10.705 to $10.995.
Also on April 27, 15,659 ADSs were disposed of to cover tax obligations at $10.804 per ADS. These followed April 26, 2026 exercises of restricted stock units (RSUs) into a total of 37,950 ADSs at a $0.0000 exercise price. After these transactions, he directly holds 45,144 ADSs, and his remaining RSU awards are reflected in updated RSU balances. Each three ADSs represent one Class A common share of TAL Education Group.
TAL Education Group director Edward Yi Wang reported routine equity compensation activity involving American Depositary Shares (ADSs). He exercised or converted 14,142 ADSs in connection with Restricted Stock Units (RSUs), then had 4,276 ADSs disposed as a tax-withholding mechanism, not an open-market sale. Following these transactions, he directly holds 9,866 ADSs. Each three ADSs represent one Class A common share of TAL Education Group, and each RSU represents a contingent right to receive one ADS upon settlement. The RSUs vest in three equal annual installments beginning April 26, 2026, conditioned on his continued service.
TAL Education Group reported a proposed sale of 18,967 ADS represented as ADS to be sold on 04/27/2026 under the company share incentive plan. The filing also shows 14,602 ADS were sold on 02/02/2026 with a reported dollar value of $181,162.64.