Friday 6 November 2026 Export TPG’s income statement to Excel — free account

TPG Inc.

TPG Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 33.4% from fiscal 2024.

Revenue: −0.20%
EPS: +367.1%
Free cash flow: −57.6%
Total debt: +27.2%

Quarter to September 2026, against a year earlier

Revenue growth 3 yrs

47.03 3.13 −6.24%

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Market cap: $18.0B
P/E: 19.7×
Fwd P/E: 23.7×
Dividend yield: 4.76%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

TPG Inc. (TPG) revenue by segment, product and region

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Management fees	1,826 75.34%	1,638 78.48%	1,188 77.41%	920 73.79%	718 73.46%	699 79.18%
Expense reimbursements and other	288 11.88%	246 11.78%	234 15.22%	209 16.80%	155 15.81%	130 14.72%
Transaction fees	231 9.55%	141 6.74%	99 6.48%	98 7.85%	91 9.27%	45 5.04%
Incentive fees	49 2.03%	33 1.58%	3 0.18%	5 0.42%	0 0.00%	10 1.08%
Monitoring fees	29 1.20%	30 1.42%	11 0.71%	14 1.15%	14 1.46%	20 2.25%
Fee Credits	—	—	—	—	—	(20) (2.27%)
Revenue	2,424	2,087	1,535	1,247	978	883

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Assets under management	Q3 FY2026	$346.0B	$286.0B	+20.98%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

TPG Inc. (TPG) revenue by segment, product and region

Revenue by product or service $m

Operating figures as reported in each quarter’s results release or filing

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