TAL Education Group
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
| FY2021 | 54.4% | -9.7% | -2.6% |
| FY2022 | 49.8% | -14.0% | -25.9% |
| FY2023 | 57.2% | -8.9% | -13.3% |
| FY2024 | 54.1% | -4.6% | -0.2% |
| FY2025 | 53.3% | -0.1% | 3.8% |
| FY2026 | 55.4% | 9.2% | 17.6% |