TPG (NASDAQ:TPG) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

by · The Cerbat Gem

TPG (NASDAQ:TPG – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02, Briefing.com reports. The business had revenue of $628.00 million for the quarter, compared to analyst estimates of $548.40 million. TPG had a net margin of 2.83% and a return on equity of 25.79%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share.

Here are the key takeaways from TPG’s conference call:

  • Record fundraising — TPG raised a record $51 billion in 2025 (up 71% YoY) and expects aggregate capital raising to exceed $50 billion in 2026, signaling durable LP demand and scale.
  • Stronger earnings and margins — Fee‑related revenue was $2.1 billion for the year with fee‑related earnings of $953 million, a FY FRE margin of 45% (Q4 margin 52%), guidance for ~47% FRE margin in 2026, and Q4 after‑tax distributable earnings of $304 million.
  • Credit franchise expansion and strategic partnerships — Credit raised a record $21 billion in 2025, invested a record $25 billion, launched the ADL evergreen direct lending strategy (first close $875 million equity) and struck a long‑term insurance partnership with Jackson to extend fee duration.
  • Software & AI positioning — Software is ~11% of AUM (18% of PE AUM) and TPG says it is selectively focused on AI‑benefitting verticals, systems‑of‑record, and cybersecurity, arguing limited exposure to more AI‑disrupted horizontals.
  • Near‑term financial and perception risks — Pro‑forma net debt rises to ~$2.1 billion after the Jackson investment, NY office build‑out costs will continue through 2026, and management acknowledged continued market skepticism about direct‑lending valuations and the lumpiness of capital‑markets/transaction fees.

TPG Stock Performance

TPG traded down $2.30 during midday trading on Thursday, reaching $53.79. The company’s stock had a trading volume of 5,971,718 shares, compared to its average volume of 2,483,418. TPG has a twelve month low of $37.52 and a twelve month high of $70.38. The stock has a market cap of $20.34 billion, a P/E ratio of 597.59, a PEG ratio of 0.81 and a beta of 1.50. The company has a fifty day simple moving average of $63.54 and a 200 day simple moving average of $60.21. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On TPG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Darlington Partners Capital Management LP bought a new stake in TPG in the 2nd quarter valued at $258,581,000. Bank of America Corp DE raised its position in shares of TPG by 72.7% during the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after buying an additional 1,501,808 shares during the last quarter. State Street Corp lifted its stake in shares of TPG by 33.1% in the second quarter. State Street Corp now owns 2,062,638 shares of the company’s stock valued at $108,185,000 after buying an additional 512,834 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of TPG by 23.9% in the third quarter. Balyasny Asset Management L.P. now owns 1,278,165 shares of the company’s stock valued at $73,431,000 after buying an additional 246,931 shares during the period. Finally, Alliancebernstein L.P. grew its position in TPG by 13.0% during the third quarter. Alliancebernstein L.P. now owns 1,225,687 shares of the company’s stock worth $70,416,000 after buying an additional 140,763 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

Analysts Set New Price Targets

TPG has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. The Goldman Sachs Group restated a “buy” rating and set a $80.00 price target on shares of TPG in a research note on Tuesday, January 6th. Citigroup cut their price target on shares of TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Morgan Stanley set a $67.00 price objective on shares of TPG in a report on Tuesday, January 27th. Finally, Barclays initiated coverage on TPG in a report on Wednesday, January 28th. They set an “overweight” rating and a $78.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.69.

Get Our Latest Research Report on TPG

About TPG

(Get Free Report)

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.

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