TPG Past Earnings Performance
Past criteria checks 4/6
TPG's earnings have been declining at an average annual rate of -65.9%, while the Capital Markets industry saw earnings growing at 6.9% annually. Revenues have been growing at an average rate of 2.9% per year. TPG's return on equity is 18.1%, and it has net margins of 3.7%.
Key information
-65.87%
Earnings growth rate
-98.96%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 2.90% |
| Return on equity | 18.12% |
| Net Margin | 3.73% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Jul 25
TPG: 5%-Yielding Growth Stock In Plain Sight
Summary TPG Inc. remains undervalued at a 15x forward P/E and 5.5% yield, despite recent outperformance and robust AUM growth. TPG's diversified platform limits exposure to AI-disrupted software, with only 7% of software investments at risk and 60% expected to benefit from AI. Record fee-related earnings, strong fundraising momentum, and expanding deployment support a compelling growth and income thesis for TPG. I maintain a Buy rating on TPG, citing attractive valuation, solid balance sheet, and long-term growth drivers in infrastructure, data centers, and GP-led secondaries. Read the full article on Seeking Alpha
Narrative Update • Mar 30
TPG: Capital Markets Recovery And AI Partnerships Will Support Earnings Expansion
Analysts have lowered their average price target on TPG by $12 to reflect reduced earnings assumptions across alternative asset managers and business development company related activities, while still highlighting the firm's private equity track record and earnings profile as key supports for the updated view. Analyst Commentary Recent research on TPG reflects a mix of reduced price targets and ongoing confidence in the business model, with several bullish analysts still highlighting earnings potential and the company’s position within alternative asset management.Narrative Update • Mar 16
TPG: Capital Markets Recovery And Hologic Deal Pipeline Will Drive Earnings Expansion
TPG's analyst fair value estimate has been trimmed from $82 to $80 as analysts factor in assumptions of lower revenue growth and higher future P/E multiples, a trend reflected in a series of reduced price targets across the alternative asset manager group. Analyst Commentary Recent Street research on TPG shows a mix of trimmed targets and supportive ratings, with several bullish analysts still seeing room for execution on growth initiatives and potential upside relative to where the stock trades today.
Narrative Update • Mar 02
TPG: Healthcare Deals And AI Selloff Set Up Bullish Repricing Potential
Analysts have trimmed their average price target on TPG from about $62 to roughly $49. The revision reflects updated assumptions for softer revenue growth, slightly lower profit margins and revised earnings expectations across the alternative asset manager group, even as several firms maintain positive ratings on the stock.
Narrative Update • Feb 16
TPG: Future Deal Pipeline And M&A Integration Will Drive Performance
The updated analyst price target for TPG moves from $66 to about $68.87, reflecting that analysts are balancing recent target cuts and upgrades with assumptions for a modestly higher fair value, a slightly lower discount rate, and a higher future P/E, even as they factor in softer revenue growth and a small profit margin compression. Analyst Commentary Recent research on TPG reflects a mix of enthusiasm and caution, with several firms adjusting price targets in both directions over a relatively short period.Analysis Article • Feb 16
Little Excitement Around TPG Inc.'s (NASDAQ:TPG) Revenues As Shares Take 26% Pounding
TPG Inc. ( NASDAQ:TPG ) shareholders won't be pleased to see that the share price has had a very rough month, dropping...Narrative Update • Feb 02
TPG: Deal Activity And Healthcare Exposure Will Shape Balanced Risk Reward
Narrative Update on TPG The analyst fair value estimate for TPG has been raised from US$55 to US$62, as analysts factor in updated assumptions on discount rate, profit margin and future P/E multiples, alongside a series of recent price target increases and broadly supportive research commentary on the stock. Analyst Commentary Street research on TPG over recent months has leaned supportive, with several firms lifting price targets and maintaining positive ratings.Narrative Update • Jan 19
TPG: Credit Concerns And Healthcare Deal Risk Will Cap Future Upside
Narrative Update: TPG Analysts have lifted their average price targets on TPG by a few dollars into the US$80 range, citing updated assumptions for slightly better revenue trends, a modestly stronger profit margin, a lower future P/E multiple, supportive views on alternative asset managers, and the pending Hologic acquisition. Analyst Commentary Recent Street research around TPG has been active, with several firms adjusting price targets and updating views in light of broader Capital Markets expectations and the pending Hologic acquisition.Narrative Update • Jan 05
TPG Credit Market Headwinds Will Limit Upside Despite Large Buyout Activity
Analysts have nudged their fair value estimate for TPG higher from $46 to $55, reflecting increased confidence in the company`s ability to convert stronger projected profit margins and a more attractive future P E multiple into shareholder returns, despite modestly higher discount rate assumptions and lingering credit market concerns. Analyst Commentary Recent Street research on TPG presents a mixed picture, with headline price targets remaining comfortably above the current fair value estimate yet showing pockets of caution around execution and market conditions.Narrative Update • Dec 16
TPG Robust Fundraising And Hologic Deal Pipeline Will Drive Earnings Expansion
Our fair value estimate for TPG has increased to $82.00 from $67.89, as analysts highlight robust fundraising, improving investing activity, and a more compelling earnings and margin outlook, even though some firms have slightly tempered their price targets. Analyst Commentary Bullish analysts remain constructive on TPG, citing a combination of robust fundraising trends, improving deployment, and an increasingly supportive earnings profile.Narrative Update • Dec 02
TPG: Ongoing Deal Activity And Fundraising Will Drive Strong Performance Ahead
Analysts have modestly increased their fair value estimate for TPG to $66.00, supported by expectations of robust fundraising, improved profit margins, and positive momentum within alternative asset managers. Analyst Commentary Recent Street research reflects a mix of optimism and caution regarding TPG's valuation, execution, and growth prospects.Narrative Update • Nov 17
TPG: Fundraising Momentum And Deal Activity Will Support Outperformance Ahead
Analysts have slightly reduced their price target for TPG, now forecasting a modest decrease. They cite ongoing market challenges but continue to express optimism around fundraising and operational improvements.Narrative Update • Nov 03
TPG: Strong Fundraising And Major Acquisition Will Drive Future Outperformance
Analysts have raised their price targets for TPG, with recent updates moving estimates from $58 to as high as $69 per share. Strong fundraising activity and improving capital market conditions support a positive outlook for the firm.Narrative Update • Oct 20
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
The analyst price target for TPG has been raised by $4 to $69. Analysts cite robust fundraising, improving investment activity, and ongoing strength in product expansion and execution as key drivers behind the updated outlook.Narrative Update • Oct 05
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
Analysts have raised their price target for TPG from $65 to $69, citing robust fundraising, improved investing activity, and strong fundamentals that are driving earnings potential this quarter. Analyst Commentary Bullish Takeaways Analysts have noted robust fundraising and improving investing activity, with TPG seen as poised for one of the strongest quarters among its asset manager peers.Narrative Update • Aug 27
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
Analysts have raised TPG’s price target slightly to $64.82, citing strong structural growth opportunities, an attractive setup in alternative asset management, and compelling valuation relative to its high-teens fee-related earnings growth outlook through 2027. Analyst Commentary Bullish analysts highlight long-term structural growth opportunities for TPG in private wealth, credit, insurance, and capital markets.Narrative Update • Aug 08
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
Analysts have raised their price targets for TPG to $64.08, citing strong structural growth opportunities, robust sector momentum, and expectations for high-teens fee-related earnings growth through 2027, with valuation still seen as compelling. Analyst Commentary Bullish analysts highlight long-term structural growth opportunities for TPG across private wealth, credit, insurance, and capital markets.Seeking Alpha • Mar 03
TPG: Now Diversified, With Upside
Summary TPG Inc. has evolved into a more diversified alternative asset manager with $246B AUM and the goal of doubling that to $500B. TPG has expanded in private credit and real assets and is seeing a rising stream of fee-based earnings. TPG offers a higher dividend yield and more favorable valuation multiples than peers like Ares and Blue Owl, making it an attractive option for income and long-term growth. With a current stock price of ~$52 and bullish price targets in the $65–$70 range, I rate TPG a Buy for long-term investors. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How TPG makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 4,642 | 173 | 4,117 | 0 |
| 31 Mar 26 | 3,732 | 105 | 3,528 | 0 |
| 31 Dec 25 | 4,270 | 124 | 3,838 | 0 |
| 30 Sep 25 | 3,875 | 66 | 3,710 | 0 |
| 30 Jun 25 | 3,536 | 20 | 3,565 | 0 |
| 31 Mar 25 | 3,370 | -7 | 3,457 | 0 |
| 31 Dec 24 | 3,167 | 0 | 3,355 | 0 |
| 30 Sep 24 | 3,075 | -3 | 3,203 | 0 |
| 30 Jun 24 | 2,399 | 10 | 2,630 | 0 |
| 31 Mar 24 | 2,283 | 64 | 2,455 | 0 |
| 31 Dec 23 | 2,118 | 71 | 2,278 | 0 |
| 30 Sep 23 | 1,599 | 103 | 1,806 | 0 |
| 30 Jun 23 | 1,992 | 121 | 2,070 | 0 |
| 31 Mar 23 | 1,289 | 79 | 1,563 | 0 |
| 31 Dec 22 | 1,772 | 87 | 1,887 | 0 |
| 30 Sep 22 | 2,412 | 2,246 | 1,756 | 0 |
| 30 Jun 22 | 2,391 | 2,211 | 1,456 | 0 |
| 31 Mar 22 | 4,697 | 2,222 | 1,605 | 0 |
| 31 Dec 21 | 4,805 | 0 | 858 | 0 |
| 30 Sep 21 | 5,292 | 412 | 757 | 0 |
| 31 Dec 20 | 1,965 | 732 | 783 | 0 |
| 31 Dec 19 | 1,805 | 471 | 933 | 0 |
| 31 Dec 18 | 1,263 | 237 | 819 | 0 |
Quality Earnings: TPG has high quality earnings.
Growing Profit Margin: TPG's current net profit margins (3.7%) are higher than last year (0.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TPG's earnings have declined by 65.9% per year over the past 5 years.
Accelerating Growth: TPG's earnings growth over the past year (746.1%) exceeds its 5-year average (-65.9% per year).
Earnings vs Industry: TPG earnings growth over the past year (746.1%) exceeded the Capital Markets industry 32.9%.
Return on Equity
High ROE: TPG's Return on Equity (18.1%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 23:31 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TPG Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Budish | Barclays |
| Brennan Hawken | BMO Capital Markets Equity Research |
| Arnaud Maurice Giblat | BNP Paribas |