TAL Education Group (TAL.US) released its unaudited financial results for the first quarter of fiscal year 2027 on Thursday. The company reported Q1 revenue of $758.4 million, representing a 31.9% increase year-over-year. Net income attributable to TAL Education Group reached $408.0 million, a dramatic surge of 1,204.3% compared to $31.3 million in the same period last year.

Under non-GAAP measures, basic and diluted earnings per ADS were $0.76 and $0.75 respectively, up from $0.07 in the prior-year period. Operating income stood at $137.2 million, significantly higher than the $14.3 million reported a year ago. On a non-GAAP basis, operating income was $148.7 million, compared to $25.1 million in the previous year.

As of May 31, 2026, the company held total cash, cash equivalents, and short-term investments of $2.8745 billion, down from $3.2393 billion as of February 28, 2026. Following the earnings release, TAL Education Group shares surged approximately 12% in pre-market trading.