
TAL Education Group Income Statement 2026-2009 | TAL
Brief overview of financial results at TAL Education Group
The figures are compared over a five-year interval. Revenue reported by TAL Education Group was 4.5 billion dollars at the beginning of the period and 3 billion dollars at the end. The five-year change reached −33.1%, while CAGR stood at −7.7%. Revenue ended the period on a sustained downward trend.
The five-year change in gross profit reached −31.9%: from 2.4 billion dollars to 1.7 billion dollars. The relationship between revenue and direct costs remained stable. Gross margin moved from 54.4% to 55.4%. The relationship between gross profit and revenue changed only slightly.
The operating result measured by EBITDA moved from −$301 million to $345 million, or +214.4%. The operating result outpaced sales and points to improving efficiency. The EBITDA share of revenue changed from −6.7% to 11.5%. Higher profitability strengthens the quality of operating growth.
Net income moved from −116 million dollars at the start to 531 million dollars at the end. The trajectory reversed from a loss to positive earnings.
The five-year change in capitalization reached +120.4%: from 800 million dollars to 1.8 billion dollars. Market value lagged the financial performance.
Conclusion
Positive developments coexist with areas of weakness. Key strengths include net-income growth, a stable gross margin and positive operating leverage. The most visible risks are limited revenue growth. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement TAL Education Group
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.76 B | 2.16 B | 2.19 B | 1.42 B | 1.44 B | 800 M | 14.2 B | 9.16 B | 4.67 B | 3.21 B | 1.51 B | 918 M | 596 M | 244 M | 271 M | 236 M | - | - |
Shares |
190 M | 202 M | 203 M | 213 M | 215 M | 204 M | 198 M | 190 M | 175 M | 189 M | 183 M | 164 M | 159 M | 157 M | 156 M | 136 M | 120 M | - |
Historical Prices |
9.26 | 10.7 | 10.8 | 6.7 | 6.7 | 3.93 | 71.5 | 48.2 | 26.7 | 29.7 | 11.6 | 7.71 | 4.66 | 3.65 | 1.5 | 1.56 | - | - |
Net Income |
531 M | 84.6 M | -3.57 M | -136 M | -1.14 B | -116 M | -110 M | 367 M | 198 M | 117 M | 103 M | 67.2 M | 60.6 M | 33.4 M | 24.3 M | 24 M | 14.2 M | - |
Revenue |
3.01 B | 2.25 B | 1.49 B | 1.02 B | 4.39 B | 4.5 B | 3.27 B | 2.56 B | 1.72 B | 1.04 B | 620 M | 434 M | 314 M | 226 M | 178 M | 111 M | - | - |
Cost of Revenue |
1.34 B | 1.05 B | 684 M | 436 M | 2.2 B | 2.05 B | 1.47 B | 1.16 B | 882 M | 522 M | 304 M | 203 M | 152 M | 116 M | 95.6 M | 56.1 M | 37.4 M | - |
Gross Profit |
1.67 B | 1.2 B | 806 M | 583 M | 2.19 B | 2.45 B | 1.8 B | 1.4 B | 833 M | 521 M | 316 M | 231 M | 162 M | 110 M | 81.9 M | 54.4 M | 31.9 M | - |
Operating Income |
276 M | -3.16 M | -69.2 M | -90.7 M | -615 M | -438 M | 137 M | 342 M | 209 M | 135 M | 85.1 M | 67.2 M | 57.4 M | 31.4 M | 21 M | 25.6 M | 15.4 M | - |
Interest Expense |
390 M | 64.7 M | 48.8 M | -82.4 M | 7.87 M | 16.9 M | 11.8 M | 17.6 M | 16.6 M | 13.1 M | 7.5 M | 5.81 M | - | 776 K | 4.18 M | 59.2 K | 40.6 K | - |
EBITDA |
345 M | 42.6 M | -45.5 M | -55.4 M | -443 M | -301 M | 237 M | 418 M | 260 M | 160 M | 96.7 M | 79.7 M | 67.4 M | 38.7 M | 26.5 M | 29.2 M | 16.7 M | - |
Operating Expenses |
1.39 B | 1.2 B | 875 M | 697 M | 2.82 B | 2.9 B | 1.64 B | 1.06 B | 624 M | 386 M | 231 M | 164 M | 105 M | 78.2 M | 61 M | 28.9 M | 16.4 M | - |
General and Administrative Expenses |
500 M | 455 M | 414 M | 414 M | 1.2 B | 1.12 B | 1.65 B | 1.31 B | 754 M | 463 M | 288 M | 200 M | 134 M | 23.2 B | 10 B | 9.96 B | 10.9 M | - |
All numbers in USD currency
Quarterly Income Statement TAL Education Group
| 2026-Q1 | 2025-Q1 | 2024-Q1 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q1 | 2009-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
190 M | 202 M | 203 M | 213 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 120 M | - |
Net Income |
531 M | 84.6 M | -3.57 M | -136 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.2 M | - |
Revenue |
3.01 B | 2.25 B | 1.49 B | 1.02 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
1.34 B | 1.05 B | 684 M | 436 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.4 M | - |
Gross Profit |
1.67 B | 1.2 B | 806 M | 583 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.9 M | - |
Operating Income |
276 M | -3.16 M | -69.2 M | -90.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.4 M | - |
Interest Expense |
390 M | 64.7 M | 48.8 M | -82.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.6 K | - |
EBITDA |
345 M | 42.6 M | -45.5 M | -55.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.7 M | - |
Operating Expenses |
1.39 B | 1.2 B | 875 M | 697 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.4 M | - |
General and Administrative Expenses |
500 M | 455 M | 414 M | 414 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.9 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company TAL Education Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.