TAL Education Q1 revenue rises 31.9% as net income jumps 1,204.3%

The China smart learning solutions provider reported fiscal 2027 first-quarter net income attributable to TAL of US$408.0 million and extended its share repurchase program through July 28, 2027.

Summary

TAL Education Group reported sharply higher fiscal first-quarter results, with revenue and profit expanding as other income surged on fair-value changes in certain investments. For the quarter ended May 31, 2026, net revenues rose 31.9% to US$758.4 million from US$575.0 million a year earlier, while income from operations climbed to US$137.2 million from US$14.3 million. Net income attributable to TAL reached US$408.0 million, up from US$31.3 million, and non-GAAP net income attributable to TAL, which excludes share-based compensation expenses, increased to US$419.5 million from US$42.0 million. Basic and diluted net income per ADS were US$0.74 and US$0.73, respectively, with three ADSs representing one Class A common share. TAL said other income rose to US$405.2 million from US$9.5 million, mainly because of fluctuations in the fair value of certain investments. The company also said its board extended a share repurchase program launched in July 2025 by 12 months, allowing repurchases of up to about US$393.7 million of common shares through July 28, 2027. Between April 23, 2026 and July 28, 2026, TAL repurchased 1,226,033 common shares for about US$40.7 million.

Terms & Concepts
  • American Depositary Share: U.S.-traded certificate representing foreign shares
  • Non-GAAP: Financial metric excluding certain standard accounting items
  • Share repurchase program: Company plan to buy back its own shares