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TAL Education Group
TAL Education Group (TAL) investor relations material
TAL Education Group Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary29 Oct, 2026
Executive summary
Q2 revenue was US$994.6 million, up 15.5% in U.S. dollars and 9% in RMB; growth moderated as Learning Devices faced industry headwinds.
Management cited improved operational efficiency and plans to strengthen core businesses by combining educational expertise with technology.
Financial highlights
H1 revenue was US$1,753.0 million, up 22.0% YoY.
Q2 gross profit rose 21.1% to US$594.6 million; cost of revenue rose 8% to US$400 million, or US$399 million excluding share-based compensation.
Q2 operating income was US$235.9 million versus US$96.1 million; non-GAAP operating income was US$247.7 million versus US$107.8 million.
Non-GAAP S&M expense fell 16% to US$223 million, while G&A rose 4% to US$124 million.
Q2 net loss attributable to shareholders was US$47.4 million versus net income of US$124.1 million; non-GAAP net loss was US$35.6 million versus income of US$135.8 million. H1 net income was US$360.6 million GAAP and US$383.9 million non-GAAP.
Outlook and guidance
Overall revenue growth is expected to moderate as the business scales and Learning Devices continue to face industry headwinds.
FY2027 operating margin is expected to improve versus FY2026; quarterly profitability may vary with seasonality, market conditions, and investment timing.
Learning Devices are expected to weigh on revenue growth, but significant FY2027 losses from the business are not anticipated.
Management plans to strengthen core businesses and use educational expertise and technology to improve learning experiences and build long-term value.
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Latest events from TAL Education Group
- FY24 growth and adjusted profitability improved as GAAP losses narrowed.TAL
Q4 2024 - Net income surged to $408.0 million on 31.9% revenue growth and higher gross margin.TALQ1 2027
- Q4 revenue rose 31.5% year-over-year, with strong profit growth and margin expansion.TALQ4 2026
- Q3 revenue up 27%, net income hits $130.6M, and gross margin rises to 56.1%.TALQ3 2026
- Revenue up 38.8%, net income $31.3M, $600M buyback, and $3.47B in cash and investments.TALQ1 2026
- Q2 FY2025 revenue up 50.4% year-over-year, led by rapid AI device and learning service growth.TALQ2 2025
- Revenue up 50.4% year-over-year, net income positive, and strong cash position maintained.TALQ1 2025
- Full-year revenue rose 51%, with improved profitability and continued AI-driven innovation.TALQ4 2025
- Q3 net revenues up 62.4% YoY, led by AI learning device growth and improved profitability.TALQ3 2025
Next TAL Education Group earnings date
Q3 202728 Jan, 2027
TAL Education Group
Next TAL Education Group earnings date
Q3 202728 Jan, 2027
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Frequently asked questions
TAL Education Group is a Chinese educational services provider that offers a wide range of tutoring services covering academic subjects for K-12 students. The company's services include small group tutoring, personalized premium services, and online courses. TAL Education Group primarily operates through its learning centers across China and provides both in-person and online education. The company is headquartered in Beijing, China, and its shares are listed on the NYSE.