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Financials · TPG

TPG Inc. (TPG) financials

For the twelve months ended Sep 30, 2026, TPG Inc. reported $5.17B of revenue and $268.72M of net income.

Revenue, TTM
$5.17B
Revenue growth, YoY
+21.6%
Net income, TTM
$268.72M
Net income growth, YoY
+123.1%
Net margin
5.2%
EPS, diluted, TTM
$0.88
Cash
$799.79M
Total debt
$2.28B
P/E
70.30
P/S
3.65
Market cap
$18.89B
Annual revenue$4.67B
FY2020FY2025
Annual net income$184.59M
FY2020FY2025

TPG revenue and earnings growth

TPG revenueQ3 2026$1.22B

Quarter YoY
-0.2%
QoQ
-33.7%
FY YoY
+33.4%
5Y CAGR
+17.2%

TPG revenue was $1.22B in fiscal Q3 2026 (ended Sep 30, 2026), down 0.2% from a year earlier and down 33.7% from the prior quarter. For the full fiscal 2025 it was $4.67B, up 33.4% from fiscal 2024. Compound annual growth was +17.2% over 5 years. It rose in 4 of the last 5 fiscal years.

TPG net incomeQ3 2026$99.63M

Quarter YoY
+48.4%
QoQ
+6.6%
FY YoY
+686.0%

TPG net income was $99.63M in fiscal Q3 2026 (ended Sep 30, 2026), up 48.4% from a year earlier and up 6.6% from the prior quarter. For the full fiscal 2025 it was $184.59M, up 686.0% from fiscal 2024. It rose in 1 of the last 3 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

TPG EPSQ3 2026$0.41

Quarter YoY
+105.0%
QoQ
+5.1%

TPG diluted EPS was $0.41 in fiscal Q3 2026 (ended Sep 30, 2026), up 105.0% from a year earlier and up 5.1% from the prior quarter. For the full fiscal 2025 it was $0.45, compared with -$0.42 in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$4.67B$3.50B$2.39B$2.00B$4.98B$2.11B
Selling, general and admin$702.17M$583.73M$483.63M$368.92M$278.59M$260.75M
Pre-tax income$666.58M-$24.82M$83.65M---
Income tax$66.99M$52.09M$60.27M$32.48M$9.04M$9.78M
Net income$184.59M$23.48M$80.09M$92.43M$0$0
EPS, basic$0.89$0.00$0.89$1.10$0.00-
EPS, diluted$0.45-$0.42-$0.04-$0.19$0.00-
Diluted shares374.1M364.7M317.9M308.9M0-

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$826.11M$821.19M$665.19M$1.12B$985.86M$871.36M
Goodwill$498.19M$436.08M$436.08M$230.19M$230.19M-
Total assets$13.49B$10.54B$9.37B$7.94B$8.96B-
Total debt$1.72B$1.28B$945.05M$444.57M--
Total liabilities$9.36B$6.94B$6.01B$4.20B$1.70B-
Shareholders' equity$4.14B$3.59B$3.36B$3.09B$6.26B-

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$1.03B$532.15M$720.52M$1.38B$1.47B$95.39M
Investing cash flow-$263.96M-$44.47M-$373.56M-$3.01M-$37.74M-$108.10M
Financing cash flow-$750.36M-$344.86M-$789.23M-$1.24B-$1.32B$250.33M
Depreciation and amortization$144.54M$135.39M$47.67M$32.99M$21.22M$7.14M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY33.4%46.5%19.3%-59.8%135.3%-
Net income growth, YoY686.0%-70.7%-13.3%---
Net margin4.0%0.7%3.4%4.6%0.0%0.0%
Return on equity4.5%0.7%2.4%3.0%0.0%-
Return on assets1.4%0.2%0.9%1.2%0.0%-
Debt to equity0.420.360.280.14--

Source: XBRL data TPG Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TPG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TPG$5.17B+21.6%$268.72M5.2%$18.89B
BX$16.08B+22.1%$3.56B22.1%$93.11B
KKR$21.31B+31.1%$3.15B14.8%$88.05B
APO$30.82B+12.2%-$918.00M-3.0%$72.15B
ARES$5.76B+7.6%$432.80M7.5%$46.10B
AMP$20.14B+8.8%$4.16B20.7%$44.99B
TROW$7.70B+6.9%$2.19B28.4%$23.64B
BEN$9.32B+7.9%$812.80M8.7%$18.22B

TPG FAQ

7 questions
  • What is TPG revenue?
    TPG Inc. (TPG) reported $5.17B of revenue for the twelve months ended Sep 30, 2026. That is up 21.6% from the year before. Revenue for fiscal 2025 was $4.67B.
  • Is TPG profitable?
    Yes. TPG Inc. earned $268.72M in net income for the twelve months ended Sep 30, 2026, a net margin of 5.2%.
  • How much cash and debt does TPG have?
    TPG Inc. reported $799.79M in cash and cash equivalents and $2.28B of debt on its most recent balance sheet in SEC filings.
  • How fast is TPG revenue growing?
    TPG Inc.'s revenue changed +33.4% in fiscal 2025, to $4.67B. Its compound annual growth rate was +17.2% over 5 years.
  • What is TPG earnings per share?
    Diluted earnings per share were $0.88 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TPG last report financial results?
    The latest statements here come from TPG Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this TPG financial data come from?
    Quantisnow builds these statements from the structured XBRL data TPG Inc. files with the SEC. It is provided for information only and is not investment advice.