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NYSE · SERVICES-EDUCATIONAL SERVICES · LARGE CAP

TAL Education Group TAL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.0B
▲ 33.7% YoY
$530.8M
▲ 527.4% YoY
$508.3M
▲ 77.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

TAL Education Group is a learning solutions provider in China. It organizes its business around two areas: learning services and others, and learning content solutions. Learning services are delivered primarily through Xueersi Peiyou small classes, personalized premium services and online course offerings. As of February 28, 2026, it had 602 learning centers in 45 cities across China and several cities outside of China. Learning content solutions are offered across print, digital and device-based formats, including print books, books integrated with digital learning experiences, learning devices and mobile applications. It also provides SaaS technology solutions to institutional customers, including other learning institutions and other technology service providers. Its business started in 2005 with tutoring services mainly for the K-12 age groups in China, and later expanded into online learning services. In compliance with regulatory policies promulgated in 2021, it ceased offering the K-9 Academic AST Services in Chinese mainland at the end of 2021.

Written from the business description in TAL Education Group's annual report to the U.S. Securities and Exchange Commission, filed 12 June 2026. Every sentence was checked against that document before publication.

Growth

USD 3.0B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.0 · Net income 0.5
2.0B4.0B-0.5B-1.0B
2009201220152018202120242025
Compound annual growth
+43.4%
−7.7%
+17.1%
+24.6%
+17.8%
+22.9%
+16.4%
+113.4%
+229.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −7.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.2% · Net 17.6%
10%20%-10%-20%
200920172025
ROE
FY2025 · ROE 14.1%
20%40%60%-10%-20%
200920172025
Three returns, three denominators.

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 643.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.5
0.25B0.50B-0.50B-1.00B
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 643.5
250.0M500.0M
2010201520172020202220242025

USD 643.5M in buybacks — 121% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 5.9B
EquityUSD 3.8B
CashUSD 1.5B
Current ratio2.17×

Equity funds 64% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

The share count changed between 2010 and 2014, but the exact year can't be marked here — the underlying count wasn't on file for every year in that stretch.

row low → row highnegative—not applicable◌not available in our data
TAL, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B3.02.31.51.04.44.53.32.61.71.00.60.40.30.20.20.10.1
Operating income $B0.3−0.0−0.1−0.1−0.6−0.40.10.30.20.10.10.10.10.00.00.00.0
EBITDA $B0.30.0−0.0−0.1−0.4−0.30.20.40.30.20.10.10.10.00.00.00.0
Income tax $B0.20.00.00.00.4−0.10.10.10.00.00.00.00.00.00.00.00.0
Net income $B0.50.1−0.0−0.1−1.1−0.1−0.10.40.20.10.10.10.10.00.00.00.0
Free cash flow $B0.50.30.2−0.1−1.20.70.70.10.60.30.20.10.10.10.00.00.0
EPS, diluted $2.750.41−0.02−0.64−5.29−0.57−0.561.831.030.660.600.410.380.210.160.180.11
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌0.250.25◌◌
Payout %———————02100——117—125—
ROE %14.12.3−0.1−3.4−24.6−3.0−4.417.917.521.627.423.426.817.514.127.879.5
Shares out B◌◌◌◌◌◌◌◌◌◌◌0.08◌◌◌0.120.12

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Educational Services
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsnot stated in the filings
Data on record since2009

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