TAL Education Group
tal.comWhat Do They Do?
Provides tutoring and online learning services to learners and families, and offers print, digital and device-based learning content to learners, teachers and learning institutions.
20-F for FY2026, filed Jun 12, 2026We are currently offering, and evaluating, a broad range of learning programs that are aligned with our mission, core competencies, and…View ↗
Powered by our technology capabilities, we are committed to maximizing a learner’s potential by providing access to an engaging learning…View ↗
We develop and offer learning content solutions for learners across print, digital and device-based formats, including print books, books…View ↗
How Do They Make Money?
Students generally pay learning fees in advance, and TAL earns them as lessons are delivered; SaaS services are charged by subscription or customer use.
20-F for FY2026, filed Jun 12, 2026
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20-F for FY2026, filed Jun 12, 2026
FY2026 revenue by product or service ↗
$3B
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20-F for FY2026, filed Jun 12, 2026
$3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Learning services and others
Mix
20-F for FY2026, filed Jun 12, 2026 |
65%
FY2023: 84%
|
Learning services and others, FY2026
$1.9B Sources
|
Mix |
|
Learning content solutions
|
35%
FY2023: 16%
|
Learning content solutions, FY2026
$1.1B Sources
|
Who Are Their Customers?
Learners and their parents find learning services through apps, social groups and e-commerce stores, referrals, paid channels, and distribution partners. Learning content is sold online through platforms and distributors and offline directly or through partners; institutional customers buy software services.
20-F for FY2026, filed Jun 12, 2026
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2026 and turned 17 cents into free cash flow.
20-F for FY2026, filed Jun 12, 2026
$276MView ↗
20-F for FY2026, filed Jun 12, 2026
$530.8MView ↗
20-F for FY2026, filed Jun 12, 2026
$508.3MView ↗
How Are They Changing?
Shrinking. Revenue fell 31% in 4 years, from $4.4B in FY2022 to $3B in FY2026, about 9% a year.
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