ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Feb. 28, 2026

ORGANIZATION AND PRINCIPAL ACTIVITIES

Schedule of Company's major subsidiaries, the VIEs and their subsidiaries and schools


				Place of
				incorporation (or		Percentage
		Date of		establishment)		of legal		Principal		Nature of
Name		incorporation		/operation		ownership		activities		company
TAL Holding Limited (“TAL Hong Kong”)		March 11, 2008		Hong Kong		100%		Intermediate holding company		Subsidiary
Beijing Century TAL Education Technology Co., Ltd. (“TAL Beijing”)		May 8, 2008		Beijing		100%		Software sales and consulting services		Subsidiary
Beijing Xintang Sichuang Education Technology Co., Ltd. (“Beijing Xintang Sichuang”)		August 27, 2012		Beijing		100%		Software and network development, sales, and consulting services		Subsidiary
Pengxin TAL Industrial Investment (Shanghai) Co., Ltd. (“Pengxin TAL”)		June 26, 2014		Shanghai		100%		Investment management and consulting services		Subsidiary
Shenzhen Xingtong Technology Co., Ltd. (“Shenzhen Xingtong”)		March 10, 2022		Shenzhen		100%		Learning device development and sales		Subsidiary
Beijing Xueersi Education Technology Co., Ltd. (“Xueersi Education”)		December 31, 2005		Beijing		N/A*		Sales of educational materials and products		VIE
Beijing Xueersi Network Technology Co., Ltd. (“Xueersi Network”)		August 23, 2007		Beijing		N/A*		Technology development and educational consulting services		VIE
Xinxin Xiangrong Education Technology (Beijing) Co., Ltd. (“Xinxin Beijing”)		June 23, 2015		Beijing		N/A*		Technology development and educational consulting services		VIE
Xinxin Xiangrong Culture Development (Shenzhen) Co., Ltd. ( “Xinxin Shenzhen”)		August 30, 2022		Shenzhen		N/A*		Technology development and educational consulting services		VIE
TAL Education Technology (Jiangsu) Co., Ltd. (“TAL Jiangsu”)		July 4, 2018		Jiangsu		N/A*		Technology development and consulting services		VIE’s subsidiaries and schools
Shidai TAL Education Technology (Beijing) Co., Ltd. (“Shidai TAL”)		July 26, 2018		Beijing		N/A*		Technology development and consulting services		VIE’s subsidiaries and schools

These entities are controlled by the Company pursuant to the contractual arrangements disclosed below.

Schedule of Variable Interest Entities arrangements


		As of February 28,			As of February 28,
		2025			2026
Cash and cash equivalents		$	513,971		$	390,414
Other current assets			343,250			450,203
Total current assets			857,221			840,617

Property and equipment, net			404,331			429,783
Other non-current assets			596,552			885,128
Total assets			1,858,104			2,155,528

Deferred revenue, current			531,655			686,406
Other current liabilities			629,886			705,322
Total current liabilities			1,161,541			1,391,728

Total non-current liabilities			193,381			273,756
Total liabilities		$	1,354,922		$	1,665,484


		For the year ended			For the year ended			For the year ended
		February 29,			February 28,			February 28,
		2024			2025			2026
Net revenues		$	1,230,855		$	1,834,109		$	2,365,642
Net income		$	257,674		$	395,184		$	766,977


		For the year ended			For the year ended			For the year ended
		February 29,			February 28,			February 28,
		2024			2025			2026
Net cash provided by operating activities		$	480,165		$	662,600		$	878,363
Net cash used in investing activities		$	(137,073)		$	(87,476)		$	(135,107)
Net cash used in financing activities		$	—		$	(273)		$	—

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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