TAL Education Group demonstrated strong financial performance in the first quarter of fiscal year 2026, with net revenues increasing by 38.8% year-over-year to US$575.0 million. The company successfully transitioned from an operating loss to an operating income of US$14.3 million, and net income attributable to TAL more than doubled to US$31.3 million. This growth was attributed to solid progress in learning services and AI-powered devices.
Net revenues for Q1 FY2026 increased by 38.8% to US$575.0 million, up from US$414.2 million in the prior year.
The company achieved an income from operations of US$14.3 million, a significant improvement from a loss of US$17.3 million in the same period last year.
Net income attributable to TAL surged by 174.4% to US$31.3 million, compared to US$11.4 million in Q1 FY2025.
Basic and diluted net income per ADS were both US$0.05, while non-GAAP basic and diluted net income per ADS were US$0.07.
TAL Education Group remains committed to driving innovation in the K-12 learning sector and adapting to evolving user needs and advancements in AI and technology. The company's board of directors authorized a new share repurchase plan of up to US$600 million over the next 12 months, indicating confidence in future performance and a commitment to shareholder returns.