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TPG (TPG)
NASDAQ:TPG
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.66Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple record-breaking operating and financial achievements: exceptional fundraising ($51B, +71% YoY), record deployment ($52B) and strong margin expansion (FRE margin 45% for 2025, Q4 at 52%), along with robust portfolio performance and significant dry powder ($72B). Management acknowledged some near-term noise — lumpiness of capital markets revenue, seasonal tax/office build costs, higher pro forma net debt from a strategic investment, and market skepticism about direct lending sustainability — but provided detailed metrics supporting credit quality and selective software exposure. The positive operational momentum, clear pipeline for realizations and a constructive 2026 outlook (expect >$50B fundraising and ~47% FRE margin) outweigh the listed headwinds.Company Guidance
Record Fundraising
Raised a record $51 billion in 2025, a 71% increase versus 2024; formed 5 cross-platform strategic partnerships representing >$10 billion of commitments and expect 2026 fundraising to exceed $50 billion.
Strong Capital Deployment
Total capital deployed of $52 billion in 2025 (highest in firm history); Q4 deployment hit a record $19 billion, up 88% year-over-year.
Growth in AUM and Fee-Earning Base
Ended 2025 with $303 billion total AUM (up 23% YoY) and fee-earning AUM of $170 billion (up 20% YoY); dry powder increased 26% YoY to $72 billion (43% of FAUM).
Material Credit Franchise Expansion
Raised a record $21 billion of credit capital in 2025 (up 67% YoY) and invested a record $25 billion in credit (up 54% YoY); Credit Solutions final close at $6.2 billion (≈40% above target) and ADL first close $875 million equity (>$2 billion buying power).
Fee Revenue and Margin Expansion
Full year fee-related revenue $2.1 billion and Q4 fee-related revenue $628 million (up 36% YoY); Q4 management fees $475 million (up 18% YoY). Full year fee-related earnings $953 million (up 25% YoY) and FRE margin expanded to 45% for 2025 (Q4 record FRE margin 52%).
Realizations and Performance Revenue
Generated $23 billion of realizations in 2025; Q4 realized performance allocations $48 million and full year realized performance revenue $205 million with a net accrued performance balance of $1.3 billion; expect >$50 million of realized performance revenue to public shareholders in Q1 2026 from current pipeline.
Private Wealth and Retail Momentum
T-POP evergreen delivered inception-to-date return of 23% and attracted $1.5 billion of inflows through January; TCAP reached $4.5 billion AUM with positive net subscriptions every quarter and <1% redemptions in Q4. Private wealth fundraising grew 66% YoY and partnerships expanded to 40+ platforms.
Portfolio Value Creation and Credit Quality
Reported double-digit value creation across nearly all platforms in 2025; private equity revenue and EBITDA growth ~17% and ~20% YoY respectively; credit and PE portfolios appreciated ~11% for the year; nonaccruals in middle market direct lending remain low at just over 1% with average interest coverage >2x.
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 |
|---|---|---|---|
Feb 05, 2026 | $56.09 | $53.54 | -4.55% |
Nov 04, 2025 | $54.38 | $52.99 | -2.55% |
Aug 06, 2025 | $56.31 | $59.20 | +5.13% |
May 07, 2025 | $45.05 | $45.11 | +0.15% |
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 (TPG) report earnings?
TPG (TPG) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is TPG (TPG) earnings time?
TPG (TPG) earnings time is at May 13, 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 (Q1) is 0.66.
