TAL (TAL) Q3 2026 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy TAL?
Source: NASDAQ.COM
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Analyst Views on TAL
Wall Street analysts forecast TAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAL is 13.77 USD with a low forecast of 11.54 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 11.710
Low
11.54
Averages
13.77
High
16.00
Current: 11.710
Low
11.54
Averages
13.77
High
16.00
About TAL
TAL Education Group is a holding company principally engaged in the provision of enrichment learning services and learning content solutions. The Company mainly operates two businesses. The learning services and others business is primarily engaged in the provision of learning services such as small classes, personalized premium services and online course. The learning content solutions business is primarily engaged in the sale of physical products and the digital resources. The Company is also engaged in the provision of Software-as-a-Service (SaaS) services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TAL Education Group Reports 465% Net Income Surge in Q3 FY2026
- Significant Earnings Growth: TAL Education Group reported a staggering 465% increase in attributable net income for Q3 FY2026, reaching $130.6 million compared to $23.1 million in the same period last year, reflecting strong profitability and investor confidence.
- Operating Income Reversal: The company achieved operating income of $93.1 million, reversing a loss of $17.4 million from the previous year, indicating effective strategies in cost management and revenue enhancement.
- Revenue Surge: Revenues jumped by 27% year-on-year to $770.2 million from $606.4 million, showcasing robust demand in the education sector and an expansion of market share.
- Ongoing Buyback Plan: TAL announced a $600 million share repurchase plan over 12 months, with $27.7 million already spent, demonstrating confidence in future stock performance and potential for further buybacks.
See More
TAL Education Group Q3 2026 Earnings Call Insights
- Significant Revenue Growth: TAL Education Group reported net revenues of $770.2 million for Q3 2026, reflecting a 27.0% year-over-year increase, indicating strong market demand and sustained user engagement in educational services.
- Improved Profitability: The company achieved an operating income of $93.1 million, a substantial turnaround from a loss of $17.4 million in the prior year, demonstrating effective execution in cost management and market strategy.
- Technology Integration Strategy: TAL emphasized technology integration as a long-term strategic priority, aiming to enhance product design and service delivery to adapt to market competition and evolving user needs.
- Challenges in Learning Devices: Despite year-over-year growth in sales volume for learning devices, the segment continues to face operational losses due to intense market competition and remains in an investment phase, with management anticipating fluctuations in revenue and profitability in the short term.
See More
TAL Education Group Reports Strong Revenue Growth in Q3 Earnings
- Significant Revenue Growth: TAL Education Group reported Q3 revenues of $770.2 million, reflecting a year-over-year increase of 27.0%, driven by strong performance in both offline and online learning services, thereby reinforcing its market position.
- Improved Gross Margin: The company achieved a gross profit of $431.8 million, a 35.0% year-over-year increase, with gross margin rising from 52.7% to 56.1%, indicating successful cost control and operational efficiency.
- Strong Cash Flow: As of November 30, 2025, cash and cash equivalents totaled $2.146 billion, with net cash provided by operating activities reaching $526.7 million in Q3, ensuring financial flexibility for future investments and expansions.
- Share Repurchase Program: The company repurchased 844,856 common shares at an aggregate consideration of approximately $27.7 million during the quarter, demonstrating management's confidence in the company's future while also creating value for shareholders.
See More
TAL (TAL) Q3 2026 Earnings Call Transcript
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TAL Education Reports Strong Q3 Earnings Beat
- Earnings Beat: TAL Education reported a non-GAAP EPS of $0.25 for Q3, exceeding expectations by $0.17, which highlights a significant improvement in profitability and boosts market confidence in future growth.
- Strong Revenue Growth: The company achieved revenues of $770.17 million in Q3, representing a 27.0% year-over-year increase and surpassing market expectations by $4.17 million, indicating robust expansion in the education sector and strong customer demand.
- Healthy Cash Flow: As of November 30, 2025, TAL Education's cash, cash equivalents, and short-term investments totaled $3.6174 billion, demonstrating financial stability that provides ample support for future investments and expansion.
- Significant Increase in Deferred Revenue: The deferred revenue balance reached $1.1628 billion as of November 30, 2025, up from $671.2 million on February 28, 2025, reflecting strong future revenue expectations and sustained customer trust.
See More
TAL Education Group Reports Strong Q3 2026 Financial Results
- Significant Revenue Growth: In Q3 2026, TAL Education Group reported net revenues of $770.2 million, a 27.0% increase year-over-year, indicating strong demand and sustained growth potential in the smart learning solutions market.
- Positive Operating Income: The company achieved an operating income of $93.1 million in Q3, a substantial turnaround from a loss of $17.4 million in the same period last year, demonstrating significant progress in cost control and operational efficiency.
- Dramatic Net Income Increase: Net income for Q3 reached $130.6 million, up 466.1% from $23.1 million a year ago, reflecting a marked improvement in profitability and enhanced market competitiveness.
- Robust Cash Flow: As of November 30, 2025, TAL's cash and short-term investments totaled $3.617 billion, showcasing the company's strong financial health and providing ample resources for future strategic investments and expansion.
See More
TAL Education Group Reports 465% Net Income Surge in Q3 FY2026
- Significant Earnings Growth: TAL Education Group reported a staggering 465% increase in attributable net income for Q3 FY2026, reaching $130.6 million compared to $23.1 million in the same period last year, reflecting strong profitability and investor confidence.
- Operating Income Reversal: The company achieved operating income of $93.1 million, reversing a loss of $17.4 million from the previous year, indicating effective strategies in cost management and revenue enhancement.
- Revenue Surge: Revenues jumped by 27% year-on-year to $770.2 million from $606.4 million, showcasing robust demand in the education sector and an expansion of market share.
- Ongoing Buyback Plan: TAL announced a $600 million share repurchase plan over 12 months, with $27.7 million already spent, demonstrating confidence in future stock performance and potential for further buybacks.
See More
TAL Education Group Q3 2026 Earnings Call Insights
- Significant Revenue Growth: TAL Education Group reported net revenues of $770.2 million for Q3 2026, reflecting a 27.0% year-over-year increase, indicating strong market demand and sustained user engagement in educational services.
- Improved Profitability: The company achieved an operating income of $93.1 million, a substantial turnaround from a loss of $17.4 million in the prior year, demonstrating effective execution in cost management and market strategy.
- Technology Integration Strategy: TAL emphasized technology integration as a long-term strategic priority, aiming to enhance product design and service delivery to adapt to market competition and evolving user needs.
- Challenges in Learning Devices: Despite year-over-year growth in sales volume for learning devices, the segment continues to face operational losses due to intense market competition and remains in an investment phase, with management anticipating fluctuations in revenue and profitability in the short term.
See More
TAL Education Group Reports Strong Revenue Growth in Q3 Earnings
- Significant Revenue Growth: TAL Education Group reported Q3 revenues of $770.2 million, reflecting a year-over-year increase of 27.0%, driven by strong performance in both offline and online learning services, thereby reinforcing its market position.
- Improved Gross Margin: The company achieved a gross profit of $431.8 million, a 35.0% year-over-year increase, with gross margin rising from 52.7% to 56.1%, indicating successful cost control and operational efficiency.
- Strong Cash Flow: As of November 30, 2025, cash and cash equivalents totaled $2.146 billion, with net cash provided by operating activities reaching $526.7 million in Q3, ensuring financial flexibility for future investments and expansions.
- Share Repurchase Program: The company repurchased 844,856 common shares at an aggregate consideration of approximately $27.7 million during the quarter, demonstrating management's confidence in the company's future while also creating value for shareholders.
See More
TAL (TAL) Q3 2026 Earnings Call Transcript
See More
TAL Education Reports Strong Q3 Earnings Beat
- Earnings Beat: TAL Education reported a non-GAAP EPS of $0.25 for Q3, exceeding expectations by $0.17, which highlights a significant improvement in profitability and boosts market confidence in future growth.
- Strong Revenue Growth: The company achieved revenues of $770.17 million in Q3, representing a 27.0% year-over-year increase and surpassing market expectations by $4.17 million, indicating robust expansion in the education sector and strong customer demand.
- Healthy Cash Flow: As of November 30, 2025, TAL Education's cash, cash equivalents, and short-term investments totaled $3.6174 billion, demonstrating financial stability that provides ample support for future investments and expansion.
- Significant Increase in Deferred Revenue: The deferred revenue balance reached $1.1628 billion as of November 30, 2025, up from $671.2 million on February 28, 2025, reflecting strong future revenue expectations and sustained customer trust.
See More
TAL Education Group Reports Strong Q3 2026 Financial Results
- Significant Revenue Growth: In Q3 2026, TAL Education Group reported net revenues of $770.2 million, a 27.0% increase year-over-year, indicating strong demand and sustained growth potential in the smart learning solutions market.
- Positive Operating Income: The company achieved an operating income of $93.1 million in Q3, a substantial turnaround from a loss of $17.4 million in the same period last year, demonstrating significant progress in cost control and operational efficiency.
- Dramatic Net Income Increase: Net income for Q3 reached $130.6 million, up 466.1% from $23.1 million a year ago, reflecting a marked improvement in profitability and enhanced market competitiveness.
- Robust Cash Flow: As of November 30, 2025, TAL's cash and short-term investments totaled $3.617 billion, showcasing the company's strong financial health and providing ample resources for future strategic investments and expansion.
See More
