Welcome to our dedicated page for Tal Education Group SEC filings (Ticker: TAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
TAL Education Group files foreign-issuer current reports that document its smart learning solutions business in China, unaudited financial results, and related shareholder materials. Its Form 6-K reports include press-release exhibits covering quarterly and annual revenue, operating income or loss, net income, non-GAAP measures that exclude share-based compensation, cash and short-term investment balances, and earnings per American Depositary Share.
The filings also record TAL's ADS structure, including the relationship between ADSs and Class A common shares, and include annual general meeting notices when furnished. These disclosures frame the company's reporting around operating performance, capital resources, governance matters, and foreign private issuer status.
TAL Education Group files its annual report as a Cayman Islands holding company that operates mainly in China through PRC subsidiaries and variable interest entities (VIEs). VIEs and their subsidiaries generated 82.6%, 81.5% and 78.6% of net revenues in fiscal 2024, 2025 and 2026, and are consolidated solely via contractual arrangements.
The report emphasizes significant legal and regulatory risks around the VIE structure, evolving PRC rules on foreign investment, after-school tutoring, data, AI and licensing, any of which could force structural changes or penalties and severely affect ADS value. It also highlights HFCAA and PCAOB inspection risks that could eventually lead to U.S. trading prohibition if access is lost.
Net revenues grew from $1.49 billion in fiscal 2024 to $3.01 billion in 2026, with consolidated net income improving from a small loss in 2024 to $530.1 million in 2026. TAL reports cash and cash equivalents of $1.52 billion as of February 28, 2026, but notes that dividend payments and fund movements depend on PRC rules, service-fee flows from VIEs, and statutory reserve requirements.
TAL Education Group ownership update: FMR LLC reports beneficial ownership of 1,008,716.03 shares of Class A common stock, representing 0.7% of the class as stated on the cover. The filing notes some shares are held on behalf of others and that no single other person holds more than 5%.
TAL Education Group director and officer Liu Yachao reported routine equity compensation activity. On April 26, 2026, Liu exercised 39,672 Restricted Stock Units (RSUs) into American Depositary Shares (ADSs) at a conversion price of $0.0000 per ADS.
On April 27, 2026, 18,967 ADSs were disposed of at $10.804 per ADS to cover tax obligations, a non‑market tax-withholding transaction. After these transactions, Liu directly held 243,540 ADSs. Footnotes state that RSUs covering 39,672 ADSs vest on April 26, 2026, 30,858 ADSs on April 26, 2027, and 20,571 ADSs on April 26, 2028.
TAL Education Group executive Alex Zhuangzhuang Peng reported a combination of RSU vesting, tax withholding, and open-market selling of American Depositary Shares (ADSs). On April 27, 2026, he sold 80,000 ADSs in open-market transactions at a weighted average price of $10.856 per ADS, with individual trades ranging from $10.705 to $10.995.
Also on April 27, 15,659 ADSs were disposed of to cover tax obligations at $10.804 per ADS. These followed April 26, 2026 exercises of restricted stock units (RSUs) into a total of 37,950 ADSs at a $0.0000 exercise price. After these transactions, he directly holds 45,144 ADSs, and his remaining RSU awards are reflected in updated RSU balances. Each three ADSs represent one Class A common share of TAL Education Group.
TAL Education Group director Edward Yi Wang reported routine equity compensation activity involving American Depositary Shares (ADSs). He exercised or converted 14,142 ADSs in connection with Restricted Stock Units (RSUs), then had 4,276 ADSs disposed as a tax-withholding mechanism, not an open-market sale. Following these transactions, he directly holds 9,866 ADSs. Each three ADSs represent one Class A common share of TAL Education Group, and each RSU represents a contingent right to receive one ADS upon settlement. The RSUs vest in three equal annual installments beginning April 26, 2026, conditioned on his continued service.
TAL Education Group reported a proposed sale of 18,967 ADS represented as ADS to be sold on 04/27/2026 under the company share incentive plan. The filing also shows 14,602 ADS were sold on 02/02/2026 with a reported dollar value of $181,162.64.
TAL Education Group filed a Rule 144 notice reporting proposed sales of American Depositary Shares (ADS) under its company share incentive plan. The filing lists proposed sale dates of 02/25/2026 (71,614 ADS for $787,754.00) and 02/27/2026 (4,600 ADS for $50,824.94). The cover also references a record date of 04/27/2026 and identifies Georgeson Securities Corporation as an agent.
Tal Education Group affiliate reported a proposed sale of 25,000 ADS on 02/02/2026, listed on a Form 144 and tied to the company share incentive plan. The filing shows an aggregate value of $309,212.50 for the shares, and the transaction is represented as ADS for NYSE trading.
TAL Education Group reported strong growth for the fourth quarter and fiscal year ended February 28, 2026. Q4 net revenues rose 31.5% to $802.4M, turning an operating loss of $16.0M a year earlier into operating income of $72.5M. Q4 net income attributable to TAL swung from a $7.3M loss to $244.8M, helped by a sharp increase in other income.
For fiscal 2026, net revenues grew 33.7% to $3,008.9M, while operating results improved from a small loss to $276.0M of income. Net income attributable to TAL jumped to $530.8M from $84.6M, and gross margin expanded to 55.4%. Non-GAAP net income reached $573.8M, reflecting lower share-based compensation. Operating cash flow for the year was $601.5M, and deferred revenue increased, while the company also launched a $600M share repurchase program.