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New Oriental Education & Technology vs TAL Education: revenue, profit, margins and growth compared

New Oriental Education & Technology brought in $5.7B of revenue in fiscal 2026, TAL Education $3B in fiscal 2026. Revenue changed by +15.5% at New Oriental Education & Technology and +33.7% at TAL Education on the year before, so TAL Education grew faster. New Oriental Education & Technology kept 8.4% of its revenue as net profit, TAL Education 17.6%. Free cash flow was $780.2M at New Oriental Education & Technology and $508.3M at TAL Education.

Side by side, latest fiscal year

EDUTAL
Fiscal year endedFY2026 (May 31, 2026)FY2026 (February 28, 2026)
Revenue$5.7B$3B
Revenue growth+15.5%+33.7%
Net income$475.2M$530.8M
Net margin8.4%17.6%
Free cash flow$780.2M$508.3M
Free cash flow margin13.8%16.9%
Earnings per share (diluted)n/a$2.75
Cash$1.8B$1.5B
Debtn/an/a
Price to earningsn/an/a
Market value$8.9B$6.6B
Dividend yieldn/an/a
Rank by revenue in sector#14 of 230 · Real estate#26 of 230 · Real estate

Over the years

Revenue
EDU FY2019: $3.1BEDU FY2020: $3.6BEDU FY2021: $4.3BEDU FY2022: $3.1BEDU FY2023: $3BEDU FY2024: $4.3BEDU FY2025: $4.9BEDU FY2026: $5.7BTAL FY2019: $2.6BTAL FY2020: $3.3BTAL FY2021: $4.5BTAL FY2022: $4.4BTAL FY2023: $1BTAL FY2024: $1.5BTAL FY2025: $2.3BTAL FY2026: $3BFY19FY20FY21FY22FY23FY24FY25FY26
EDU $5.7BTAL $3B
Net income
EDU FY2019: $238.1MEDU FY2020: $413.3MEDU FY2021: $334.4MEDU FY2022: -$1.2BEDU FY2023: $177.3MEDU FY2024: $309.6MEDU FY2025: $371.7MEDU FY2026: $475.2MTAL FY2019: $367.2MTAL FY2020: -$110.2MTAL FY2021: -$116MTAL FY2022: -$1.1BTAL FY2023: -$135.6MTAL FY2024: -$3.6MTAL FY2025: $84.6MTAL FY2026: $530.8MFY19FY20FY21FY22FY23FY24FY25FY26
EDU $475.2MTAL $530.8M
Net margin
EDU FY2019: 7.7%EDU FY2020: 11.5%EDU FY2021: 7.8%EDU FY2022: -38.2%EDU FY2023: 5.9%EDU FY2024: 7.2%EDU FY2025: 7.6%EDU FY2026: 8.4%TAL FY2019: 14.3%TAL FY2020: -3.4%TAL FY2021: -2.6%TAL FY2022: -25.9%TAL FY2023: -13.3%TAL FY2024: -0.2%TAL FY2025: 3.8%TAL FY2026: 17.6%FY19FY20FY21FY22FY23FY24FY25FY26
EDU 8.4%TAL 17.6%
Revenue growth
EDU FY2020: +15.6%EDU FY2021: +19.5%EDU FY2022: -27.4%EDU FY2023: -3.5%EDU FY2024: +43.9%EDU FY2025: +13.6%EDU FY2026: +15.5%TAL FY2020: +27.7%TAL FY2021: +37.3%TAL FY2022: -2.3%TAL FY2023: -76.8%TAL FY2024: +46.2%TAL FY2025: +51.0%TAL FY2026: +33.7%FY20FY21FY22FY23FY24FY25FY26
EDU +15.5%TAL +33.7%
Free cash flow
EDU FY2019: $536.5MEDU FY2020: $494.9MEDU FY2021: $700.9MEDU FY2022: -$1.4BEDU FY2023: $828MEDU FY2024: $873.3MEDU FY2025: $654.7MEDU FY2026: $780.2MTAL FY2019: $56MTAL FY2020: $677.8MTAL FY2021: $709.7MTAL FY2022: -$1.2BTAL FY2023: -$103MTAL FY2024: $193.4MTAL FY2025: $286.2MTAL FY2026: $508.3MFY19FY20FY21FY22FY23FY24FY25FY26
EDU $780.2MTAL $508.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about New Oriental Education & Technology and TAL Education

Which is bigger by revenue, New Oriental Education & Technology or TAL Education?

New Oriental Education & Technology is bigger by revenue: $5.7B in fiscal 2026, against $3B for TAL Education in fiscal 2026.

Which keeps more of its revenue as profit, New Oriental Education & Technology or TAL Education?

New Oriental Education & Technology had a net margin of 8.4% in fiscal 2026; TAL Education had 17.6% in fiscal 2026.

Which grew revenue faster, New Oriental Education & Technology or TAL Education?

In their latest fiscal years revenue changed by +15.5% at New Oriental Education & Technology and +33.7% at TAL Education.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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