Company data sheet · TAL Education Group
TAL Education Group: five lost years, and the economy wasn't the reason.
- Industry
- Educational Services
- Headquarters
- China
- Ticker
- TAL (NYSE)
- Sources
- SEC filings (2010–2026), Stratrix's verified Decision Cases, market data and official economic statistics for China
- Data as of
- October 18, 2026
- From profit to five straight losses. TAL Education Group earned $0.7 billion in fiscal 2017–2019. Then it lost money every year from fiscal 2020 to 2024: $1.5 billion in all. Fiscal 2025 was its first profit in six years: $0.1 billion.
- It outgrew its own economy many times over. Revenue rose from $0.6 billion in fiscal 2016 to $3 billion in fiscal 2026: 4.9 times as much. China's economy, counted the same way in money terms, grew about 100%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in fiscal 2020 (mostly calendar 2019), a year China economy grew 6.1%. When a company falls while its economy grows, look inside the company first.
- Still smaller than it was. Revenue reached $3 billion in fiscal 2026, 33% below its fiscal 2021 peak of $4.5 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.6 billion | $0.1 billion | |
| 2017 | $1 billion | $0.1 billion | |
| 2018 | $1.7 billion | $0.2 billion | |
| 2019 | $2.6 billion | $0.4 billion | |
| 2020 | $3.3 billion | −$0.1 billion | |
| 2021 | $4.5 billion | −$0.1 billion | |
| 2022 | $4.4 billion | −$1.1 billion | |
| 2023 | $1 billion | −$0.1 billion | |
| 2024 | $1.5 billion | −$0 billion | |
| 2025 | $2.3 billion | $0.1 billion | |
| 2026 | $3 billion | $0.5 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 3 measures for China, every year since 2016, from the official sources.
- Peer comparison: against 528 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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