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TAL Education Group
F:IZZ

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TAL Education Group
F:IZZ
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Price: 10.8 EUR 1.89% Market Closed
Market Cap: €4.9B

TAL Education Group
Investor Relations

TAL Education Group is a Chinese education company that helps students learn outside the regular school day. It offers tutoring classes, online courses, learning materials, and education-related devices and software. Its main customers are school-age students and their parents, who pay for extra academic support and study tools. The company makes money in a few ways: families pay for classes and course subscriptions, and it also sells learning products such as smart devices and digital study content. That mix matters because TAL is not just a tutoring provider; it also builds education tools that can be used at home and, in some cases, in schools. What sets TAL apart is its role at the point where education meets technology. It sits between traditional classroom teaching and home study, using both teachers and software to help students practice and prepare for exams. That gives it a business model built on recurring parent spending, digital learning content, and education hardware rather than only one-time textbook sales.

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Last Earnings Call
Fiscal Period
Q1 2027
Call Date
Jul 30, 2026
AI Summary
Q1 2027

Revenue: TAL reported first-quarter net revenue of USD 758 million, up 32% year over year in U.S. dollars and 25% in RMB, with management saying both learning services and content solutions contributed to the growth.

Profitability: Operating leverage improved sharply as non-GAAP operating income rose to USD 149 million and non-GAAP operating margin expanded to 19.6% from 4.4% a year ago.

Peiyou strength: The offline Peiyou business posted double-digit year-over-year growth, with retention above 80% and management describing demand and business health as solid.

Devices focus: Learning device revenue also grew year over year, but management said the market remains volatile because of competition, shifting consumer sentiment and higher component costs.

Cost discipline: Selling and marketing expenses fell 5% year over year, helping offset pressure elsewhere and supporting the quarter’s margin improvement.

Capital returns: TAL extended its buyback program by 12 months, authorizing up to about USD 393.7 million through July 28, 2027, and said it plans a more systematic approach to returning capital over time.

Key Financials
Net revenue
USD 758 million
Net revenue
RMB 5.191 billion
Income from operations
USD 137 million
Operating margin
19.6%
Non-GAAP income from operations
USD 149 million
Gross profit
USD 438 million
Gross margin
57.8%
Selling and marketing expenses
USD 172 million
General and administrative expenses
USD 129 million
Net income attributable to TAL
USD 408 million
Non-GAAP net income attributable to TAL
USD 420 million
Cash and cash equivalents
USD 1.6 billion
Short-term investments
USD 1.2 billion
Restricted cash
USD 306 million
Deferred revenue
USD 1.2 billion
Operating cash flow
USD 478 million
Weekly active learning devices
Over 2 million units
Weekly active rate
Around 80%
Average daily active usage
About 1 hour per device
Share repurchase authorization
Up to approximately USD 393.7 million
Shares repurchased
Approximately 1.2 million common shares
Share repurchase spend
Approximately USD 41 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bangxin Zhang
Co-Founder, Chairman & CEO
No Bio Available
Dr. Zhuangzhuang Peng
President & CFO
No Bio Available
Dr. Yachao Liu
COO & Director
No Bio Available
Mr. Mi Tian
Chief Technology Officer
No Bio Available
Mr. Jackson Ding
Investor Relations Director
No Bio Available

Contacts

Address
BEIJING
Beijing
TAL Building No. 1, Courtyard No. 9, Qixin Middle Street, Changping District
Contacts
+861052926669
en.100tal.com