TPG
TPG Inc
NASDAQ: TPG · FINANCIAL SERVICES · ASSET MANAGEMENT
$43.62
+3.66% today
Updated 2026-04-30
Market cap
$16.32B
P/E ratio
94.40
P/S ratio
3.50x
EPS (TTM)
$0.45
Dividend yield
4.80%
52W range
$37 – $69
Volume
3.7M
TPG Inc (TPG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.58B | $2.15B | $2.27B | $5.58B | $1.50B | $1.86B | $2.62B | $4.67B |
| Revenue growth (YoY) | — | +36.0% | +5.2% | +146.3% | -73.0% | +23.3% | +41.4% | +77.9% |
| Cost of revenue | $11.42M | $17.80M | $19.71M | $17.03M | $21.61M | $38.53M | $87.51M | $144.54M |
| Gross profit | $1.57B | $2.14B | $2.25B | $5.56B | $1.48B | $1.82B | $2.54B | $4.52B |
| Gross margin | 99.3% | 99.2% | 99.1% | 99.7% | 98.6% | 97.9% | 96.7% | 96.9% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $360.62M | $356.69M | $267.99M | $298.61M | $372.23M | $483.63M | $583.73M | $702.17M |
| Operating income | $719.08M | $1.19B | $1.45B | $4.67B | $-23.75M | $83.65M | $-24.82M | $685.07M |
| Operating margin | 45.4% | 55.1% | 63.9% | 83.6% | -1.6% | 4.5% | -0.9% | 14.7% |
| EBITDA | $730.29M | $1.20B | $1.46B | $4.69B | $9.24M | $131.33M | $110.56M | $825.55M |
| EBITDA margin | 46.1% | 55.5% | 64.2% | 84.0% | 0.6% | 7.1% | 4.2% | 17.7% |
| EBIT | $719.08M | $1.19B | $1.45B | $4.67B | $-23.75M | $83.65M | $-24.82M | $687.92M |
| Interest expense | $11.42M | $17.80M | $19.71M | $17.03M | $21.61M | $38.53M | $87.51M | $112.11M |
| Income tax | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $264.54M | $480.51M | $927.58M | $2.18B | $92.43M | $80.09M | $23.48M | $184.59M |
| Net income growth (YoY) | — | +81.6% | +93.0% | +135.1% | -95.8% | -13.3% | -70.7% | +686.0% |
| Profit margin | 16.7% | 22.3% | 40.9% | 39.1% | 6.1% | 4.3% | 0.9% | 4.0% |