Tpg Inc Class A (TPG)
NASDAQ:TPG
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.61Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: material fundraising and deployment acceleration, FRE growth and margin expansion, robust private credit performance, and expanding private wealth traction. Headwinds were largely related to macro-driven valuation multiple compression in private equity (modest 1% portfolio decline), a GAAP net loss for the quarter, and some leverage/interest expense buildup tied to strategic transactions. Overall, the positive metrics around capital formation, deployment, realizations, diversified fee growth and clear dry powder and pipelines materially outweighed the lowlights.Company Guidance
Fee-Related Earnings Milestone
Fee-related earnings (FRE) grew 36% year-over-year to $247 million for the quarter and crossed $1.0 billion on a last-twelve-month basis for the first time in TPG history; FRE margin expanded to 44.3% (up 620 basis points YoY) with a full-year 2026 target of ~47%.
Strong AUM and Fundraising Growth
Total assets under management (AUM) reached $306 billion, up 22% year-over-year, driven by $56 billion of capital raised and $22 billion of value creation over the last 12 months. TPG raised more than $10 billion in Q1 (up 75% YoY) and reiterated a target to raise over $50 billion in 2026.
Record Deployment and Realizations
Invested more than $14 billion in the quarter (nearly double YoY); private equity deployments were nearly $7 billion (2.5x prior year) and credit deployments were $5.7 billion (up 42% YoY). Realizations were nearly $9 billion in Q1 (doubled YoY), including strategic exits to Google and Syncora.
Private Credit Performance and Dry Powder
Credit platform appreciated 2% in Q1 and 11% over 12 months; all credit strategies outperformed relevant benchmarks, with low and stable loss ratios and nonaccruals just over 1%. TPG holds ~$19 billion of credit dry powder to deploy into opportunities.
Private Wealth and Retail Momentum
Private wealth inflows grew over 130% YoY in Q1. TCAP (nontraded BDC) reported $193 million of gross inflows, $31 million redemptions (1.3% of shares outstanding) and ended the quarter with $4.7 billion AUM (up 33% YoY). TPOP generated $545 million of inflows in Q1 and reached $2.1 billion AUM within 10 months of launch.
Diversified Fee Growth
Fee-related revenue was $557 million (up 17% YoY), with management fees up 15% and transaction & monitoring fees up 33%. Management fees ex-catch-up grew 18% YoY.
Strong Fundraising and Strategic Partnerships
Notable closings and commitments included $4.4 billion raised in credit, $4.9 billion in private equity (including RISE commitments), $2 billion initial commitments into asset-based finance from Jackson partnership, and $1.1 billion raised for inaugural sports fund through April.
Operating Leverage & Performance Allocations
Operating leverage evident in FRE margin expansion; realized performance allocations were $68 million in the quarter (exceeding prior guidance of $50 million), anchored by strategic sales.
TPG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TPG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $43.04 | $43.63 | +1.38% |
Feb 05, 2026 | $54.64 | $52.16 | -4.55% |
Nov 04, 2025 | $52.98 | $51.63 | -2.55% |
Aug 06, 2025 | $54.85 | $57.67 | +5.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tpg Inc Class A (TPG) report earnings?
Tpg Inc Class A (TPG) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Tpg Inc Class A (TPG) earnings time?
Tpg Inc Class A (TPG) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TPG EPS forecast?
TPG EPS forecast for the fiscal quarter 2026 (Q2) is 0.61.
