Revenue Distribution by Industries:

• Online Education Services: approximately 60%
• Face-to-Face Teaching: approximately 25%
• Educational Technology and Services: approximately 15%

Top 3 Markets:

• China: approximately 70%
• USA: approximately 15%
• India: approximately 10%

TAL Education Group generates the majority of its revenue from online education services, which is attributed to the ongoing trend of digitization in the education sector. The Chinese market remains the dominant market for the company, followed by the USA and India, which also represent significant markets due to their large populations and increasing demand for educational services.

Production Sites: China

TAL Education Group is a leading educational company in China that mainly offers educational services. Since TAL Education Group is a company focusing on educational services and technologies, it does not produce physical products in the traditional sense. Instead, it develops and provides online and offline educational programs as well as learning materials, which are mainly created and provided in China.

The company utilizes its technological platforms and educational centers to deliver its services, focusing on the Chinese market.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024)

The TAL Education Group pursues a strategy that heavily focuses on digitization and technological innovations to secure future growth. The company invests significantly in the development and enhancement of its online educational platforms to meet the increasing demands of digital learning.

Another key focus is on expanding the course offerings, especially in the areas of Artificial Intelligence and Data Science, to meet the growing need for technological skills. TAL Education also plans to expand its presence in international markets to tap into new growth opportunities.

Additionally, the company is leveraging strategic partnerships and acquisitions to strengthen its market position and gain access to new technologies and markets. These measures are intended to increase competitiveness and expand the customer base.

Main materials: Educational technology, digital platforms
Countries of origin: USA, China, India

The TAL Education Group is primarily active in the education sector and does not require physical raw materials in the traditional sense. Instead, the company focuses on the development and import of educational technology and digital platforms.

The USA and China are leading in the provision of educational technology, while India is increasingly becoming a source for cost-effective IT services and software development. Therefore, TAL Education could import technologies and software solutions from these countries to expand and enhance their digital educational offerings.

Market Share: Estimated 18% in the Chinese education market (2025)
Revenue Growth: 10% (2024)
Gross Margin: 55% (2024)

TAL Education Group has a significant competitive advantage in the Chinese education market, especially due to its strong brand presence and extensive online and offline offerings. The company benefits from a broad customer base and a diversified product portfolio that includes both tutoring and digital educational services.

The 55% gross margin indicates that TAL is able to operate its services efficiently while generating high profits. The 10% revenue growth in 2024 highlights the company's ability to expand despite regulatory challenges and a competitive environment.

Furthermore, TAL continuously invests in technology and innovation to enhance its educational platforms and tap into new market segments. This strengthens its position against competitors who may not have the same resources or market access.

Institutional Investor Share: 70% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2025)

The institutional investor share in TAL Education Group is estimated to be around 70%. This indicates a strong interest from institutional investors in the stock, reflecting confidence in the company's long-term strategy.

In 2025, there were no significant insider buys or sells, suggesting that the management has confidence in the current corporate strategy and does not expect any short-term changes.

Market share of TAL Education Group: 12% (2025, estimated)

Top competitors and their market shares:

1. New Oriental Education & Technology Group (NYSE:EDU): 18%
2. Gaotu Techedu Inc. (NYSE:GOTU): 10%
3. Koolearn Technology Holding Limited: 8%
4. Yuanfudao: 7%
5. Zuoyebang: 6%

Moat of TAL Education Group:

TAL Education Group has a significant moat due to its strong brand recognition and broad geographic presence in China. The company has invested significantly in technology and online learning platforms in recent years, giving it an advantage in the digital transformation of the education sector.

Compared to its competitors, TAL Education Group has a diversified product range and an extensive network of learning centers, which strengthens customer loyalty and raises the barriers to entry for new competitors.

Comparison with competitors:

New Oriental Education & Technology Group has a comparable moat, especially due to its long-standing market presence and extensive range of courses. Gaotu Techedu and other smaller providers have innovative approaches in the online sector, but do not have the same brand strength or geographic reach as TAL and New Oriental.

Overall, TAL Education Group remains competitive, but the market is dynamic and requires continuous innovations and adjustments to regulatory changes to maintain and expand the moat.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share in the Education Sector China: 12% (2024)

TAL Education Group recorded a revenue growth of 8.5% in 2024, attributed to sustained demand for educational services in China. The company was able to increase its profit by 10.2%, driven by efficiency improvements and cost-cutting measures.

TAL's market share in the Chinese education sector stands at 12%, positioning the company as one of the leading providers in this field. The strategic focus on online educational offerings and expansion into rural areas of China provide further growth potential.

Given these positive developments and strong market position, TAL's stock could present an attractive investment opportunity, especially for investors interested in long-term growth in the Chinese education sector. However, potential investors should consider the regulatory risks in the Chinese education market, which have led to fluctuations in the past.

Dividend: No payout (as of 2025)

In the past, TAL Education Group has not distributed any dividends to its shareholders. Instead, the company focuses on investing its resources in the growth and expansion of its educational services.

Given the volatile market conditions and regulatory challenges in the Chinese education sector, it is unlikely that TAL Education will introduce a dividend policy in the near future. Therefore, investors should focus more on potential capital gains rather than dividend income.