TAL Education Group
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2011 | 49.2% | 23.1% | 21.7% |
| FY2012 | 46.2% | 11.8% | 13.7% |
| FY2013 | 48.8% | 13.9% | 14.8% |
| FY2014 | 51.7% | 18.3% | 19.3% |
| FY2015 | 53.2% | 15.5% | 15.5% |
| FY2016 | 51.0% | 13.7% | 16.6% |
| FY2017 | 49.9% | 12.9% | 11.2% |
| FY2018 | 48.6% | 12.2% | 11.6% |
| FY2019 | 54.6% | 13.3% | 14.3% |
| FY2020 | 55.1% | 4.2% | -3.4% |