The earnings call reflects a strong financial performance with significant revenue growth and positive operating income. The company has made strategic advancements in expanding its product lineup and achieving high retention rates in its core businesses. However, increased expenses in sales and marketing and the investment phase losses in the learning devices business present challenges. Overall, the positive aspects outweigh the challenges.

Company Guidance -

Q2 2026

During the first quarter of fiscal year 2026, TAL Education Group provided guidance reflecting strong financial performance and strategic progress. The company reported net revenues of USD 575 million, a year-over-year increase of 38.8%, and a non-GAAP net income attributable to TAL of USD 42 million. The Peiyou Small Class Enrichment programs maintained a retention rate of around 80%, while the online enrichment learning business saw continued innovation. Learning devices also experienced year-over-year revenue growth, with the release of three new models in May, including the P4, S4, and T4, which enriched the product lineup and expanded the user base. The average weekly active rate for learning devices was around 80%, with daily usage averaging one hour per active device. The company also reported improvements in gross margin, which increased to 54.9% from 51.7% year-over-year. Operating expenses rose, with selling and marketing expenses at USD 180.8 million, up 47.7% from the previous year, and general and administrative expenses increased by 10.4% to USD 121.1 million. The company remains focused on strategic priorities, including expanding its learning center network, enhancing product quality, and leveraging AI and technology to innovate in the K-12 learning sector.

Significant Revenue Growth

TAL Education Group recorded net revenues of USD 575 million or RMB 4.2 billion, reflecting year-over-year growth of 38.8% in USD and 39.4% in RMB.

Positive Operating Income

The company achieved positive operating income of USD 14.3 million in Q1 FY2026, compared to a loss from operations of USD 17.3 million in the same period last year.

Strong Performance in Learning Devices

Learning devices business saw continued year-over-year revenue growth, driven by product optimization, enhanced user experience, and strengthened sales channels.

Retention in Peiyou Small Class

The retention rate for Peiyou Small Class stood at around 80% this quarter.

Expansion of Product Lineup

In May, TAL launched three new learning device models, further enriching their portfolio to cater to diverse user needs.

TAL Education Group (TAL) Earnings, Revenues Date & History

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TAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2026 (Q2)	0.15 / -	0.12	―	―	―
Jul 31, 2025	2026 (Q1)	0.07 / 0.05	0.02	150.00% (+0.03)	―
Apr 24, 2025	2025 (Q4)	0.07 / -0.01	0.04	-125.00% (-0.05)	―
Jan 23, 2025	2025 (Q3)	0.02 / 0.04	-0.04	200.00% (+0.08)	―
Oct 24, 2024	2025 (Q2)	0.07 / 0.12	0.06	100.00% (+0.06)	―
Aug 01, 2024	2025 (Q1)	-0.03 / 0.02	-0.07	128.57% (+0.09)	―
Apr 25, 2024	2024 (Q4)	-0.02 / 0.04	-0.06	166.67% (+0.10)	―
Jan 25, 2024	2024 (Q3)	-0.01 / -0.04	-0.08	50.00% (+0.04)	―
Oct 26, 2023	2024 (Q2)	0.03 / 0.06	0	―	―
Jul 27, 2023	2024 (Q1)	-0.07 / -0.07	-0.07	0.00% (0.00)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$10.09	$10.94	+8.42%
Apr 24, 2025	$10.98	$8.93	-18.67%
Jan 23, 2025	$9.13	$11.07	+21.25%
Oct 24, 2024	$10.21	$10.50	+2.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.