The call highlighted TPG's impressive fundraising achievements, robust deployment, and strategic growth in credit and private wealth. Despite challenges in the broader market and specific sectors, TPG's performance and strategic initiatives indicate strong momentum.

Company Guidance

During TPG's Second Quarter 2025 Earnings Call, the firm highlighted several key financial metrics and strategic initiatives. The company reported a GAAP net income of $15 million and after-tax distributable earnings of $268 million, translating to $0.69 per share of Class A common stock. A dividend of $0.59 per share was declared, payable on September 2, 2025. TPG's second-quarter fundraising surged nearly 80% year-over-year to $11.3 billion, while deployment increased by 36% to $10.4 billion, and realizations rose by over 20% to $6.5 billion. The firm ended the quarter with a record dry powder of $63 billion, representing 43% of fee-earning AUM. Additionally, TPG's credit platform achieved a record fundraising quarter, with $5.4 billion raised. The company expressed optimism about raising significantly more capital in 2025 compared to the previous year, driven by strong fundraising momentum and strategic acquisitions, such as Peppertree.

Impressive Fundraising Growth

TPG achieved the second-highest fundraising quarter in its history, raising $11.3 billion, a 80% increase year-over-year. Credit fundraising hit a record $5.4 billion.

Strong Deployment and Realizations

TPG's deployment grew 36% year-over-year to $10.4 billion, while realizations increased over 20% to $6.5 billion.

Successful Fund Closures

Completed fundraising for TPG Growth VI, raising $4.8 billion, a 35% increase over the previous fund. TGS II campaign closed on $1.3 billion.

Credit Platform Expansion

Closed $1.4 billion for the third flagship fund in Credit Solutions, bringing the total to $4 billion. Twin Brook raised $1.4 billion for its sixth drawdown fund.

Private Wealth Expansion

T-POP raised $430 million across the first two closes, with participation from over 560 financial advisers. TCAP had its highest organic fundraising quarter with over $200 million in inflows.

Record Dry Powder

TPG finished the quarter with record dry powder of $63 billion, representing 43% of fee-earning AUM.

TPG (TPG) Earnings, Revenues Date & History

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TPG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.57 / -	0.45	―	―	―
Aug 06, 2025	2025 (Q2)	0.45 / 0.69	0.49	40.82% (+0.20)
May 07, 2025	2025 (Q1)	0.46 / 0.48	0.49	-2.04% (-0.01)
Feb 11, 2025	2024 (Q4)	0.52 / 0.62	0.51	21.57% (+0.11)
Nov 04, 2024	2024 (Q3)	0.45 / 0.45	0.56	-19.64% (-0.11)
Aug 06, 2024	2024 (Q2)	0.43 / 0.49	0.26	88.46% (+0.23)
May 08, 2024	2024 (Q1)	0.43 / 0.49	0.24	104.17% (+0.25)
Feb 13, 2024	2023 (Q4)	0.40 / 0.51	0.59	-13.56% (-0.08)
Nov 07, 2023	2023 (Q3)	0.35 / 0.56	0.3	86.67% (+0.26)
Aug 08, 2023	2023 (Q2)	0.32 / 0.26	0.46	-43.48% (-0.20)

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
Aug 06, 2025	$56.75	$59.66	+5.13%
May 07, 2025	$45.40	$45.47	+0.15%
Feb 11, 2025	$60.76	$59.21	-2.55%
Nov 04, 2024	$63.85	$59.84	-6.28%

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.