TAL Education Group (TAL)

Name: TAL Education Group Financial Statements
Creator: Quarter Results

Consumer Defensive | Education Training Services

Latest reporting period: 2025-11-30

Latest Quarter

2025-11-30

Revenue

$772M

Net Income

$131M

Operating Margin

12.1%

Free Cash Flow

$286M

Debt / Assets

31.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for TAL Education Group (TAL).
Income Statement (Quarterly)	2025-11-30	2025-08-31	2025-05-31	2025-02-28
Revenue	771,741,492	861,353,000	576,526,263	610,239,000
Cost of Revenue	339,052,728	370,340,000	260,260,450	292,646,000
Gross Profit	432,688,763	491,013,000	316,265,812	317,593,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	339,375,387	396,393,000	302,693,859	336,158,000
Operating Expenses	339,375,387	394,916,000	302,693,859	336,158,000
Operating Income	93,313,376	96,097,000	13,571,953	-18,565,000
Interest Expense	0	0	0	0
Income Before Tax	146,121,114	175,105,000	42,397,314	11,766,000
Income Tax Expense	15,338,292	51,080,000	11,107,424	13,972,000
Net Income	130,861,982	124,084,000	31,365,088	-7,311,000
Per Share
EPS	0.72	0.66	0.16	-0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for TAL Education Group (TAL).
Income Statement (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28	2021-02-28
Revenue	2,250,233,000	1,490,440,000	1,019,772,000	4,390,907,000	4,495,755,000
Cost of Revenue	1,049,975,000	684,316,000	436,358,000	2,203,336,000	2,048,561,000
Gross Profit	1,200,258,000	806,124,000	583,414,000	2,187,571,000	2,447,194,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	1,207,645,000	891,798,000	696,827,000	2,317,849,000	2,797,374,000
Operating Expenses	1,207,645,000	875,353,000	674,144,000	2,297,037,000	2,777,883,000
Operating Income	-7,387,000	-69,229,000	-90,730,000	-179,196,000	-438,224,000
Interest Expense	0	0	24,871,000	7,871,000	16,946,000
Income Before Tax	122,580,000	17,483,000	-109,719,000	-778,130,000	-224,623,000
Income Tax Expense	38,320,000	15,379,000	20,011,000	396,992,000	-69,897,000
Net Income	84,591,000	-3,573,000	-129,730,000	-1,175,122,000	-115,990,000
Per Share
EPS	1.26	-0.01	-0.20	-1.82	-0.19
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for TAL Education Group (TAL).
Balance Sheet (Quarterly)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Assets
Cash and Cash Equivalents	1,771,260,000	2,208,756,000	2,021,927,000	1,638,189,000
Short Term Investments	1,847,120,000	1,094,593,000	1,149,607,000	1,070,535,000
Net Receivables	105,873,000	80,688,000	5,494,000	20,423,000
Inventory	104,876,000	68,328,000	39,002,000	21,830,000
Total Current Assets	4,126,920,000	3,699,174,000	3,468,407,000	3,631,387,000
Property Plant Equipment	801,430,000	636,423,000	437,879,000	508,298,000
Goodwill and Intangibles	182,880,000	191,037,000	194,526,000	219,404,000
Total Assets	5,503,067,000	4,927,949,000	4,724,354,000	5,082,528,000
Liabilities
Account Payables	146,300,000	127,321,000	59,991,000	89,838,000
Short Term Debt	176,906,000	62,604,000	42,174,000	66,105,000
Total Current Liabilities	1,441,345,000	1,082,218,000	783,865,000	902,584,000
Long Term Debt	244,895,000	176,614,000	115,548,000	175,988,000
Total Liabilities	1,736,669,000	1,289,185,000	903,441,000	1,080,266,000
Shareholders Equity
Retained Earnings	-624,078,000	-694,270,000	-685,912,000	-544,309,000
Total Shareholders Equity	3,766,567,000	3,662,098,000	3,844,643,000	4,030,151,000

Balance sheet annual history for TAL Education Group (TAL).
Balance Sheet (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28	2021-02-28
Assets
Cash and Cash Equivalents	1,771,260,000	2,208,756,000	2,021,927,000	1,638,189,000	3,242,953,000
Short Term Investments	1,847,120,000	1,094,593,000	1,149,607,000	1,070,535,000	2,694,555,000
Net Receivables	105,873,000	80,688,000	5,494,000	20,423,000	158,986,000
Inventory	104,876,000	68,328,000	39,002,000	21,830,000	38,675,000
Total Current Assets	4,126,920,000	3,699,174,000	3,468,407,000	3,631,387,000	8,156,835,000
Property Plant Equipment	801,430,000	636,423,000	437,879,000	508,298,000	2,057,150,000
Goodwill and Intangibles	182,880,000	191,037,000	194,526,000	219,404,000	737,156,000
Total Assets	5,503,067,000	4,927,949,000	4,724,354,000	5,082,528,000	12,112,309,000
Liabilities
Account Payables	146,300,000	127,321,000	59,991,000	89,838,000	353,778,000
Short Term Debt	176,906,000	62,604,000	42,174,000	66,105,000	652,671,000
Total Current Liabilities	1,441,345,000	1,082,218,000	783,865,000	902,584,000	3,373,851,000
Long Term Debt	244,895,000	176,614,000	115,548,000	175,988,000	3,493,564,000
Total Liabilities	1,736,669,000	1,289,185,000	903,441,000	1,080,266,000	6,907,753,000
Shareholders Equity
Retained Earnings	-624,078,000	-694,270,000	-685,912,000	-544,309,000	624,883,000
Total Shareholders Equity	3,766,567,000	3,662,098,000	3,844,643,000	4,030,151,000	5,201,829,000

Cash flow quarterly history for TAL Education Group (TAL).
Cash Flow Statement (Quarterly)	2025-02-28	2024-02-29	2023-02-28	2022-02-28
Operating Activities
Net Income	84,260,000	-3,573,000	-131,978,000	-1,164,335,000
Depreciation & Amortization	52,298,000	29,872,000	40,704,000	189,859,000
Stock Based Compensation	64,939,000	88,898,000	108,571,000	174,832,000
Change in Working Capital	210,966,000	181,652,000	-72,678,000	-1,312,009,000
Operating Cash Flow	397,923,000	306,172,000	7,358,000	-939,184,000
Investing Activities
Capital Expenditure	-112,259,000	-121,296,000	-110,326,000	-246,419,000
Investments	-111,728,000	-112,737,000	-110,326,000	-246,419,000
Investing Cash Flow	-847,028,000	95,068,000	-301,626,000	1,368,716,000
Financing Activities
Debt Repayment	-427,000	0	0	-2,570,000,000
Common Stock Issued/Repurchased	-13,147,000	-233,557,000	-66,184,000	-194,904,000
Dividends Paid	0	0	0	-1,373,000
Financing Cash Flow	-13,167,000	-233,095,000	-66,184,000	-2,766,679,000
Summary
Free Cash Flow	285,664,000	184,876,000	-102,968,000	-1,185,603,000
Net Change in Cash	-465,745,000	162,569,000	-386,879,000	-2,336,198,000

Cash flow annual history for TAL Education Group (TAL).
Cash Flow Statement (Annual)	2025-02-28	2024-02-29	2023-02-28	2022-02-28	2021-02-28
Operating Activities
Net Income	84,260,000	-3,573,000	-131,978,000	-1,164,335,000	-143,050,000
Depreciation & Amortization	52,298,000	29,872,000	40,704,000	189,859,000	165,335,000
Stock Based Compensation	64,939,000	88,898,000	108,571,000	174,832,000	204,945,000
Change in Working Capital	210,966,000	181,652,000	-72,678,000	-1,312,009,000	571,422,000
Operating Cash Flow	397,923,000	306,172,000	7,358,000	-939,184,000	954,732,000
Investing Activities
Capital Expenditure	-112,259,000	-121,296,000	-110,326,000	-246,419,000	-245,741,000
Investments	-111,728,000	-112,737,000	-110,326,000	-246,419,000	-245,058,000
Investing Cash Flow	-847,028,000	95,068,000	-301,626,000	1,368,716,000	-2,641,469,000
Financing Activities
Debt Repayment	-427,000	0	0	-2,570,000,000	-3,518,000
Common Stock Issued/Repurchased	-13,147,000	-233,557,000	-66,184,000	-194,904,000	2,490,148,000
Dividends Paid	0	0	0	-1,373,000	0
Financing Cash Flow	-13,167,000	-233,095,000	-66,184,000	-2,766,679,000	4,794,813,000
Summary
Free Cash Flow	285,664,000	184,876,000	-102,968,000	-1,185,603,000	708,991,000
Net Change in Cash	-465,745,000	162,569,000	-386,879,000	-2,336,198,000	3,102,799,000