TAL Education Group ADR

TAL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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TAL Education Earnings: Stronger Margin Outlook Outweighs Growth Slowdown

Cheng Wang

Nov 2, 2026

TAL Education's second-quarter fiscal 2027 (ending February) revenue grew 15% year on year, slowing from 32% in the first quarter. Adjusted operating margin nearly doubled to 24.9% from 12.5%, driven primarily by a lower expense ratio.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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TAL Education Group ADR

TAL Education Earnings: Stronger Margin Outlook Outweighs Growth Slowdown

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