Earnings ·
TAL Education Group reported unaudited financial results for its first fiscal quarter ended May 31, 2026
TALTAL Education Group
TAL Education Group reported unaudited financial results for its first fiscal quarter ended May 31, 2026. Net revenues increased 31.9% to US$758.4 million from US$575.0 million in the prior year period. Income from operations rose significantly to US$137.2 million compared to US$14.3 million previously. Net income attributable to TAL surged to US$408.0 million, up from US$31.3 million, driven by a 38.9% increase in gross profit and substantial other income of US$405.2 million primarily from investment fair value fluctuations. Basic net income per ADS was US$0.74. The company also announced an extension of its share repurchase program for 12 months, authorizing up to approximately US$393.7 million in additional buybacks through July 28, 2027. TAL Education Group operates as a smart learning solutions provider in China.