The financials
TPG Inc. by the numbers
TPG Inc. (TPG) reported revenue of $500M in Q1 2026 (quarter ended Mar 31, 2026), down 52% from the same quarter a year earlier. That came with net loss of $1.5M. For the full year FY2025, revenue was $4.67B (+33% year on year) and net income $185M. Its largest product in Jun 2026 was Management Fees at $523M, 74% of the disclosed total, well ahead of Transaction Fees at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $500M | $1.03B | −52% |
| Operating income | −$149M | $87M | to a loss |
| Net income | −$1.5M | $25M | to a loss |
| Diluted EPS | −$0.22 | $0.00 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Management Fees | $523M | 74% |
| Transaction Fees | $97M | 14% |
| Expense Reimbursements And Other | $69M | 9.8% |
| Incentive Fees | $8.9M | 1.3% |
| Monitoring Fees | $7.0M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $705.0M (+14%)
Transaction Fees grew +181% year on yearExpense Reimbursements And Other -0.37% year on year
Segment Latestquarter on quarteryear on year
- Management Fees$522.7M$522.7MQoQ +9.0%year on year +16%+9.0%+16%
- Transaction Fees$97.2M$97.2MQoQ +50%year on year +181%+50%+181%
- Expense Reimbursements And Other$69.2M$69.2MQoQ +20%year on year -0.37%+20%-0.37%
- Incentive Fees$8.9M$8.9MQoQ +9.1%year on year +32%+9.1%+32%
- Monitoring Fees$7.0M$7.0MQoQ -31%year on year +21%-31%+21%