TAL
TAL Education Group
NYSE: TAL · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
$10.85
+0.74% today
Updated 2026-04-29
Market cap
$6.55B
P/E ratio
11.71
P/S ratio
2.18x
EPS (TTM)
$0.92
Dividend yield
—
52W range
$9 – $13
Volume
3.7M
TAL Education Group (TAL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.92M | $37.56M | $69.30M | $110.80M | $177.52M | $225.93M | $313.90M | $433.97M | $619.94M | $1.04B | $1.72B | $2.56B | $3.27B | $4.51B | $4.40B | $1.02B | $1.49B | $2.25B | $3.02B |
| Revenue growth (YoY) | — | +320.8% | +84.5% | +59.9% | +60.2% | +27.3% | +38.9% | +38.3% | +42.9% | +67.9% | +65.7% | +48.4% | +27.9% | +37.8% | -2.5% | -76.9% | +46.6% | +51.2% | +34.1% |
| Cost of revenue | $4.39M | $18.59M | $37.66M | $56.25M | $95.59M | $115.75M | $151.54M | $203.07M | $303.63M | $521.32M | $887.30M | $1.16B | $1.47B | $2.05B | $2.21B | $434.78M | $683.84M | $1.05B | $1.35B |
| Gross profit | $4.54M | $18.96M | $31.95M | $54.55M | $81.93M | $110.18M | $162.35M | $230.90M | $316.31M | $519.77M | $837.41M | $1.40B | $1.80B | $2.45B | $2.19B | $581.30M | $805.57M | $1.20B | $1.67B |
| Gross margin | 50.8% | 50.5% | 46.1% | 49.2% | 46.2% | 48.8% | 51.7% | 53.2% | 51.0% | 49.9% | 48.6% | 54.6% | 55.1% | 54.4% | 49.8% | 57.2% | 54.1% | 53.3% | 55.4% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | $5.89M | $10.87M | $19.09M | $37.81M | $51.13M | $70.30M | $110.23M | $161.02M | $263.29M | $386.29M | $579.67M | $794.96M | $1.12B | $1.20B | $413.79M | $429.95M | $458.89M | — |
| Operating income | $1.67M | $10.70M | $15.47M | $25.47M | $20.95M | $31.38M | $56.29M | $66.78M | $81.72M | $131.23M | $205.47M | $334.33M | $156.94M | $-351.27M | $-130.52M | $-113.00M | $-85.61M | $-7.39M | $277.07M |
| Operating margin | 18.8% | 28.5% | 22.3% | 23.0% | 11.8% | 13.9% | 17.9% | 15.4% | 13.2% | 12.6% | 11.9% | 13.1% | 4.8% | -7.8% | -3.0% | -11.1% | -5.7% | -0.3% | 9.2% |
| EBITDA | $1.84M | $11.72M | $17.58M | $28.95M | $26.65M | $38.49M | $66.30M | $79.25M | $100.91M | $164.73M | $265.01M | $423.02M | $272.10M | $-189.78M | $55.08M | $-76.69M | $-60.52M | $40.74M | $277.07M |
| EBITDA margin | 20.6% | 31.2% | 25.4% | 26.1% | 15.0% | 17.0% | 21.1% | 18.3% | 16.3% | 15.8% | 15.4% | 16.5% | 8.3% | -4.2% | 1.3% | -7.5% | -4.1% | 1.8% | 9.2% |
| EBIT | $1.67M | $10.70M | $15.47M | $25.47M | $20.95M | $31.38M | $56.29M | $66.78M | $81.72M | $131.23M | $205.47M | $334.33M | $156.94M | $-351.27M | $-130.52M | $-113.00M | $-85.61M | $-7.39M | — |
| Interest expense | — | $42967.00 | $40643.00 | $59212.00 | $3.50M | $5.34M | $9.44M | $5.81M | $7.50M | $13.14M | $16.64M | $17.63M | $11.82M | $16.95M | $7.87M | $24.87M | $0.00 | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.52M | $7.30M | $14.25M | $24.09M | $24.31M | $33.44M | $60.61M | $67.16M | $102.88M | $116.66M | $199.56M | $366.65M | $-110.17M | $-116.35M | $-1.14B | $-135.12M | $-3.57M | $84.67M | $532.73M |
| Net income growth (YoY) | — | +380.1% | +95.3% | +69.1% | +0.9% | +37.5% | +81.2% | +10.8% | +53.2% | +13.4% | +71.1% | +83.7% | -130.0% | -5.6% | -878.2% | +88.1% | +97.4% | +2471.3% | +529.2% |
| Profit margin | 17.0% | 19.4% | 20.6% | 21.7% | 13.7% | 14.8% | 19.3% | 15.5% | 16.6% | 11.2% | 11.6% | 14.3% | -3.4% | -2.6% | -25.9% | -13.3% | -0.2% | 3.8% | 17.6% |