TAL Education Group
NYSE:TAL

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TAL Education Group
NYSE:TAL
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Price: 9.73 USD -0.82% Market Closed
Market Cap: 5.9B USD
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Income Statement

Earnings Waterfall
TAL Education Group

Revenue
1.8B USD
Cost of Revenue
-846.1m USD
Gross Profit
990.6m USD
Operating Expenses
-1B USD
Operating Income
-13m USD
Other Expenses
85.3m USD
Net Income
72.4m USD

Income Statement
TAL Education Group

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Income Statement
Currency: USD
Feb-2014 May-2014 Aug-2014 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Feb-2016 May-2016 Aug-2016 Nov-2016 Feb-2017 May-2017 Aug-2017 Nov-2017 Feb-2018 May-2018 Aug-2018 Nov-2018 Feb-2019 May-2019 Aug-2019 Nov-2019 Feb-2020 May-2020 Aug-2020 Nov-2020 Feb-2021 Nov-2021 Feb-2022 May-2022 Aug-2022 Nov-2022 Feb-2023 May-2023 Aug-2023 Nov-2023 Feb-2024 May-2024 Aug-2024
Revenue
Revenue
314
N/A
342
+9%
372
+9%
398
+7%
434
+9%
474
+9%
525
+11%
568
+8%
620
+9%
686
+11%
783
+14%
902
+15%
1 043
+16%
1 170
+12%
1 355
+16%
1 527
+13%
1 715
+12%
1 944
+13%
2 188
+13%
2 341
+7%
2 563
+10%
2 686
+5%
2 899
+8%
3 142
+8%
3 273
+4%
3 511
+7%
3 701
+5%
3 991
+8%
4 496
+13%
2 384
-47%
4 391
+84%
1 786
-59%
2 080
+16%
1 292
-38%
1 020
-21%
1 071
+5%
1 189
+11%
1 330
+12%
1 490
+12%
1 629
+9%
1 837
+13%
Gross Profit
Cost of Revenue
(152)
(161)
(172)
(185)
(203)
(222)
(250)
(274)
(304)
(343)
(395)
(453)
(522)
(592)
(705)
(794)
(882)
(974)
(1 059)
(1 105)
(1 165)
(1 200)
(1 275)
(1 369)
(1 469)
(1 602)
(1 719)
(1 873)
(2 049)
(1 101)
(2 203)
(806)
(923)
(507)
(436)
(487)
(540)
(610)
(684)
(745)
(846)
Gross Profit
162
N/A
180
+11%
200
+11%
213
+6%
231
+8%
252
+9%
276
+9%
294
+7%
316
+8%
343
+8%
389
+14%
449
+15%
521
+16%
578
+11%
650
+12%
734
+13%
833
+14%
970
+16%
1 129
+16%
1 236
+9%
1 399
+13%
1 486
+6%
1 625
+9%
1 773
+9%
1 805
+2%
1 909
+6%
1 981
+4%
2 118
+7%
2 447
+16%
1 283
-48%
2 188
+71%
980
-55%
1 157
+18%
785
-32%
583
-26%
584
+0%
649
+11%
720
+11%
806
+12%
884
+10%
991
+12%
Operating Income
Operating Expenses
(105)
(116)
(130)
(146)
(164)
(179)
(194)
(211)
(231)
(267)
(294)
(341)
(386)
(433)
(487)
(548)
(624)
(715)
(862)
(942)
(1 057)
(1 171)
(1 330)
(1 480)
(1 638)
(1 755)
(1 938)
(2 235)
(2 778)
(1 571)
(2 297)
(1 037)
(1 199)
(798)
(674)
(702)
(753)
(823)
(875)
(913)
(1 004)
Selling, General & Administrative
(106)
(117)
(131)
(147)
(164)
(179)
(197)
(214)
(235)
(263)
(297)
(344)
(389)
(436)
(492)
(553)
(628)
(724)
(869)
(949)
(1 064)
(1 175)
(1 338)
(1 489)
(1 648)
(1 767)
(1 947)
(2 253)
(2 797)
(1 583)
(2 318)
(1 061)
(1 236)
(826)
(697)
(728)
(766)
(835)
(892)
(921)
(1 009)
Other Operating Expenses
1
1
1
0
1
0
3
4
3
(4)
3
3
3
3
4
5
5
9
7
7
7
4
8
9
10
12
10
18
20
12
21
24
37
28
23
24
13
13
16
8
6
Operating Income
57
N/A
64
+12%
71
+9%
67
-5%
67
+1%
73
+9%
82
+12%
83
+2%
85
+2%
76
-11%
95
+26%
108
+13%
135
+25%
146
+8%
163
+12%
186
+14%
209
+13%
255
+22%
268
+5%
294
+10%
342
+16%
315
-8%
295
-6%
293
-1%
167
-43%
154
-8%
44
-71%
(117)
N/A
(331)
-182%
(288)
+13%
(110)
+62%
(57)
+48%
(42)
+26%
(13)
+69%
(91)
-593%
(118)
-30%
(103)
+13%
(103)
+1%
(69)
+33%
(29)
+58%
(13)
+55%
Pre-Tax Income
Interest Income Expense
10
10
10
12
12
13
64
63
62
60
9
6
5
6
11
15
23
33
42
47
42
42
43
50
61
71
76
85
97
39
95
43
55
60
62
72
80
84
85
84
84
Non-Reccuring Items
0
0
0
0
0
0
(8)
(8)
(8)
0
(2)
(6)
(8)
(9)
(7)
(5)
(3)
(12)
(12)
(51)
(58)
(99)
(153)
(158)
(183)
(135)
(85)
(86)
(132)
(124)
(781)
(177)
(174)
(128)
2
0
(32)
(34)
(47)
(51)
(25)
Total Other Income
0
(1)
1
0
(2)
(0)
(6)
(6)
(3)
(4)
24
24
23
30
8
14
17
19
17
110
132
92
37
(66)
(95)
(22)
79
128
141
17
17
(18)
(44)
(85)
(82)
(62)
(32)
14
49
69
84
Pre-Tax Income
67
N/A
74
+10%
82
+11%
79
-3%
77
-2%
86
+11%
132
+55%
133
+0%
137
+3%
132
-4%
126
-5%
131
+4%
155
+18%
173
+12%
175
+1%
210
+20%
247
+18%
296
+20%
315
+6%
400
+27%
457
+14%
350
-23%
221
-37%
119
-46%
(51)
N/A
68
N/A
114
+67%
10
-91%
(225)
N/A
(356)
-58%
(778)
-119%
(209)
+73%
(205)
+2%
(166)
+19%
(110)
+34%
(109)
+0%
(87)
+21%
(39)
+55%
17
N/A
74
+321%
130
+77%
Net Income
Tax Provision
(7)
(8)
(10)
(8)
(9)
(12)
(24)
(26)
(34)
(33)
(33)
(33)
(34)
(38)
(37)
(45)
(45)
(54)
(53)
(52)
(77)
(56)
(33)
(39)
(69)
(94)
(105)
(74)
70
55
(397)
(58)
(62)
(40)
(20)
(21)
(7)
(19)
(15)
(14)
(50)
Income from Continuing Operations
61
66
72
70
68
74
108
107
103
99
93
98
121
135
139
165
202
243
262
348
381
294
188
80
(120)
(26)
9
(64)
(155)
(301)
(1 175)
(267)
(267)
(205)
(130)
(131)
(94)
(58)
2
60
80
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
1
2
4
5
5
5
4
3
3
3
3
5
7
10
18
17
16
22
27
21
28
8
8
(0)
(4)
(3)
(3)
(2)
1
1
1
Equity Earnings Affiliates
0
0
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(2)
(4)
(7)
(8)
(8)
(8)
(7)
(8)
(10)
(12)
(14)
(16)
(14)
(12)
(11)
(8)
(3)
1
5
12
12
11
8
7
1
(2)
(4)
(2)
(10)
(6)
(7)
(9)
Net Income (Common)
61
N/A
66
+9%
72
+9%
70
-2%
67
-4%
73
+8%
107
+47%
106
-1%
103
-3%
97
-6%
89
-8%
93
+4%
117
+25%
132
+13%
136
+3%
163
+20%
198
+21%
237
+19%
254
+7%
337
+33%
367
+9%
284
-23%
184
-35%
80
-57%
(110)
N/A
(12)
+89%
26
N/A
(37)
N/A
(116)
-214%
(268)
-131%
(1 136)
-323%
(251)
+78%
(252)
0%
(204)
+19%
(136)
+34%
(137)
-1%
(98)
+28%
(70)
+28%
(4)
+95%
53
N/A
72
+37%
EPS (Diluted)
0.39
N/A
0.42
+8%
0.39
-7%
0.42
+8%
0.41
-2%
0.41
N/A
0.6
+46%
0.64
+7%
0.56
-13%
0.59
+5%
0.47
-20%
0.54
+15%
0.62
+15%
0.68
+10%
0.7
+3%
0.86
+23%
1.02
+19%
1.18
+16%
1.26
+7%
1.68
+33%
1.83
+9%
1.44
-21%
0.92
-36%
0.39
-58%
-0.56
N/A
-0.05
+91%
0.12
N/A
-0.18
N/A
-0.57
-217%
-1.26
-121%
-5.29
-320%
-1.16
+78%
-1.19
-3%
-0.96
+19%
-0.64
+33%
-0.64
N/A
-0.48
+25%
-0.35
+27%
-0.02
+94%
0.26
N/A
0.35
+35%

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