The financials
TPG Inc. by the numbers
TPG Inc. (TPG) reported revenue of $500M in Q1 2026 (quarter ended March 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 2026-Q1 was Management Fees at $479M, 77% of the disclosed total, just ahead of Transaction Fees at 10%.
| 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 | $479M | 77% |
| Transaction Fees | $65M | 10% |
| Expense Reimbursements And Other | $57M | 9.3% |
| Monitoring Fees | $10M | 1.6% |
| Incentive Fees | $8.2M | 1.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $620.0M (+3.9%)
Transaction Fees grew +37% year on yearExpense Reimbursements And Other -8.9% year on year
Segment Latestquarter on quarteryear on year
- Management Fees$479.4M$479.4MQoQ +1.9%year on year +14%+1.9%+14%
- Transaction Fees$64.9M$64.9MQoQ +111%year on year +37%+111%+37%
- Expense Reimbursements And Other$57.4M$57.4MQoQ -28%year on year -8.9%-28%-8.9%
- Monitoring Fees$10.1M$10.1MQoQ +17%year on year +28%+17%+28%
- Incentive Fees$8.2M$8.2MQoQ +12%year on year +32%+12%+32%
Asset Management
Ranks #21 of 38 by Smart Score