TPG Inc.TPGEarnings & Financial Report
TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care.
TPG Q4 2025 Key Financial Metrics
Revenue
$715.1M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$77.1M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
10.8%
YoY Growth
35.6%
EPS
$0.30
Financial Flow
TPG Inc. Q4 2025 Financial Summary
TPG Inc. reported revenue of $715.1M (up 35.6% YoY) for Q4 2025, with a net profit of $77.1M (up 494.1% YoY) (10.8% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $715.1M |
|---|---|
| Net Profit | $77.1M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 2025 |
Revenue Breakdown
TPG Inc. Q4 2025 revenue of $715.1M breaks down across 5 segments, led by Management Fees at $484.4M (67.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management Fees | $484.4M | 67.7% |
| Transaction Fees | $118.6M | 16.6% |
| Expense Reimbursements And Other | $76.3M | 10.7% |
| Incentive Fees | $29.0M | 4.1% |
| Monitoring Fees | $6.8M | 1.0% |
TPG Inc. Revenue by Segment — Quarterly Trend
TPG Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Management Fees and Transaction Fees) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Management Fees | $484.4M | $470.5M | $452.5M | $419.0M |
| Transaction Fees | $118.6M | $30.7M | $34.6M | $47.5M |
| Expense Reimbursements And Other | $76.3M | $79.3M | $69.4M | $63.0M |
| Incentive Fees | $29.0M | $7.3M | $6.8M | $6.2M |
| Monitoring Fees | $6.8M | $8.6M | $5.8M | $7.9M |
TPG Inc. Annual Revenue by Year
TPG Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B). Click any linked year to see what changed vs the prior annual report.
TPG Inc. Quarterly Revenue & Net Profit History
TPG Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $715.1M | +35.6% | $77.1M | 10.8% |
| Q3 2025 | $596.5M | +13.7% | $67.1M | 11.3% |
| Q2 2025 | $569.1M | +8.9% | $14.9M | 2.6% |
| Q1 2025 | $543.5M | +6.1% | $25.4M | 4.7% |
| Q4 2024 | $527.2M | -0.5% | $13.0M | 2.5% |
| Q3 2024 | $524.7M | +43.3% | $9.0M | 1.7% |
| Q2 2024 | $522.8M | +59.8% | $-14.0M | -2.7% |
| Q1 2024 | $512.3M | +64.5% | $15.5M | 3.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $512.3M | $522.8M | $524.7M | $527.2M | $543.5M | $569.1M | $596.5M | $715.1M |
| YoY Growth | 64.5% | 59.8% | 43.3% | -0.5% | 6.1% | 8.9% | 13.7% | 35.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $9.94B | $10.07B | $10.52B | $10.54B | $11.31B | $11.97B | $13.02B | $13.49B |
| Liabilities | $6.64B | $6.77B | $7.13B | $6.94B | $7.82B | $8.41B | $9.25B | $9.36B |
| Equity | $3.30B | $3.31B | $3.39B | $3.59B | $3.50B | $3.56B | $3.77B | $4.14B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $436.7M | $214.6M | $68.9M | $-188.1M | $198.2M | $385.9M | $492.0M | $-43.7M |