Core Viewpoint - TAL Education Group reported significant financial growth in the third quarter of fiscal year 2026, with substantial increases in net revenues, income from operations, and net income compared to the same period in the previous year [1][2][3]. Financial Highlights for the Third Quarter of Fiscal Year 2026 - Net revenues reached US$770.2 million, a 27.0% increase from US$606.4 million in the same period of the prior year [2][11]. - Income from operations was US$93.1 million, compared to a loss of US$17.4 million in the same period of the prior year [2][18]. - Non-GAAP income from operations, excluding share-based compensation expenses, was US$104.0 million, compared to a non-GAAP loss of US$1.9 million in the same period of the prior year [3][18]. - Net income attributable to TAL was US$130.6 million, up from US$23.1 million in the same period of the prior year [3][21]. - Non-GAAP net income attributable to TAL, excluding share-based compensation expenses, was US$141.4 million, compared to US$38.6 million in the same period of the prior year [4][21]. - Basic and diluted net income per American Depositary Share (ADS) were US$0.24 and US$0.23, respectively, with non-GAAP figures at US$0.25 for both [4][22]. Financial Highlights for the Nine Months Ended November 30, 2025 - Net revenues totaled US$2,206.5 million, a 34.5% increase from US$1,640.0 million in the same period of the prior year [6][27]. - Income from operations was US$203.6 million, compared to US$12.9 million in the same period of the prior year [6][34]. - Non-GAAP income from operations was US$236.9 million, compared to US$63.5 million in the same period of the prior year [7][34]. - Net income attributable to TAL was US$286.0 million, compared to US$91.9 million in the same period of the prior year [7][38]. - Non-GAAP net income attributable to TAL was US$319.3 million, compared to US$142.5 million in the same period of the prior year [8][39]. - Basic and diluted net income per ADS were US$0.50 and US$0.49, respectively, with non-GAAP figures at US$0.55 for both [8][40]. Operating Costs and Expenses - Operating costs and expenses for the third quarter were US$677.0 million, an 8.5% increase from US$623.9 million in the same period of the prior year [12]. - Non-GAAP operating costs and expenses, excluding share-based compensation expenses, were US$666.2 million, a 9.5% increase from US$608.4 million in the same period of the prior year [12]. - Cost of revenues increased by 18.0% to US$338.4 million from US$286.7 million in the third quarter of fiscal year 2025 [13]. - Selling and marketing expenses decreased by 2.8% to US$220.1 million from US$226.4 million in the third quarter of fiscal year 2025 [14]. - General and administrative expenses increased by 7.1% to US$118.6 million from US$110.7 million in the third quarter of fiscal year 2025 [15]. Cash and Investments - Cash, cash equivalents, and short-term investments totaled US$3,617.4 million as of November 30, 2025, compared to US$3,618.4 million as of February 28, 2025 [5][24]. - The deferred revenue balance was US$1,162.8 million as of November 30, 2025, compared to US$671.2 million as of February 28, 2025 [25]. Share Repurchase Program - The board of directors authorized a new share repurchase program allowing the company to repurchase up to US$600 million of common shares over the next 12 months [42].

Core Viewpoint - TAL Education Group will release its unaudited financial results for the second quarter of fiscal year 2026 on October 30, 2025, before market opens [1]. Financial Results Announcement - The financial results will cover the period ended August 31, 2025 [1]. - A conference call and live webcast will be held at 8:00 a.m. U.S. Eastern Time on the same day [1]. Conference Call Participation - Participants must pre-register for the conference call via a provided link to receive dial-in numbers and a unique passcode [2]. - Pre-registration is available at any time, including up to and after the call start time [2]. Webcast Availability - A live and archived webcast of the conference call will be accessible on the Investor Relations section of TAL's website [3]. Company Overview - TAL Education Group is a smart learning solutions provider in China, aiming to enhance learning opportunities through quality teaching and technology [4]. - The company offers diverse learning solutions for students of all ages, focusing on enrichment programs and academic subjects [4]. - TAL's American Depositary Shares (ADSs) are traded on the New York Stock Exchange under the symbol "TAL" [4].

Core Insights - TAL Education Group reported a significant increase in net revenues for both the fourth quarter and the fiscal year ended February 28, 2025, with a 42.1% increase in Q4 and a 51.0% increase for the fiscal year compared to the previous year [4][6][24] - Despite the revenue growth, the company experienced losses in both the fourth quarter and the fiscal year, with a net loss of $7.3 million in Q4 and a net income of $84.6 million for the fiscal year, a substantial turnaround from a net loss of $3.6 million in the prior year [5][36] - The company continues to invest in its learning solutions, reflecting positive user feedback and a growing demand for holistic educational programs [7][40] Financial Results for the Fourth Quarter of Fiscal Year 2025 - Net revenues reached $610.2 million, up from $429.6 million in the same period last year [5][7] - Loss from operations increased to $16.0 million from $11.1 million year-over-year [5][15] - Non-GAAP loss from operations was $1.7 million, a decline from a non-GAAP income of $9.4 million in the prior year [5][15] - Net loss attributable to TAL was $7.3 million, compared to a net income of $27.5 million in the same period last year [5][19] - Cash, cash equivalents, and short-term investments totaled $3,618.4 million as of February 28, 2025, an increase from $3,303.3 million a year earlier [5][22] Financial Results for the Fiscal Year Ended February 28, 2025 - Total net revenues for the fiscal year were $2,250.2 million, compared to $1,490.4 million in the previous year [6][24] - Loss from operations significantly decreased to $3.2 million from $69.2 million in the prior year [6][32] - Non-GAAP income from operations rose to $61.8 million, up from $19.7 million in the previous year [6][32] - Net income attributable to TAL was $84.6 million, a substantial improvement from a net loss of $3.6 million in the prior year [6][36] - The company reported a gross profit of $1,200.3 million, an increase of 48.9% from $806.1 million in the previous year [6][31] Operating Costs and Expenses - Operating costs and expenses for the fourth quarter were $628.8 million, a 41.2% increase from $445.4 million in the same period last year [8][26] - Selling and marketing expenses surged by 73.1% to $218.0 million from $125.9 million in the prior year [10][28] - General and administrative expenses increased slightly by 0.8% to $118.2 million from $117.2 million year-over-year [11][29] Share Repurchase Program - The company's board has authorized an extension of its share repurchase program for another 12 months, allowing for the repurchase of up to approximately $490.7 million of its common shares [40]