TPG (NASDAQ:TPG) Issues Earnings Results

TPG (NASDAQ:TPG) posted its earnings results on Friday. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09, Zacks reports. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm had revenue of $557.18 million for the quarter, compared to analyst estimates of $610.28 million. During the same period in the previous year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year.

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

• Fee-related earnings grew 36% YoY and TPG’s LTM FRE crossed $1 billion, with after-tax distributable earnings of $282 million ($0.70/share) and a declared dividend of $0.59 per share.
• Total AUM rose 22% to $306 billion, with Q1 capital formation, deployment, and realizations each accelerating materially (capital raised >$10 billion in the quarter; deployments >$14 billion; realizations ~ $9 billion).
• Private credit is a clear growth driver — TPG raised $4.4 billion in credit in Q1, sits on roughly $19 billion of credit dry powder, and reports low non-accruals (~1%) and strong originations at Twin Brook.
• Private equity portfolio value declined ~1% in the quarter due to multiple compression (offset partially by mid-to-high-teens revenue/EBITDA growth); management notes the markdowns reflect public market moves as of March 31 and that recent strategic exits sold at premiums to marks.
• TPG reported a GAAP net loss of $123 million and ended the quarter with net debt of $2.3 billion after a $500 million Jackson-stock investment and subsequent debt issuance, raising interest expense to $26 million and modestly increasing leverage.

TPG Stock Up 1.4%

TPG traded up $0.60 during trading on Friday, hitting $44.22. 4,904,815 shares of the company’s stock were exchanged, compared to its average volume of 3,562,377. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $41.76 and its two-hundred day moving average is $53.25. TPG has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The stock has a market cap of $16.99 billion, a P/E ratio of 100.50, a PEG ratio of 0.84 and a beta of 1.54.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, May 11th. This represents a $2.36 annualized dividend and a yield of 5.3%. TPG’s dividend payout ratio is presently 554.55%.

Key Stories Impacting TPG

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Raised capital and large dry powder — TPG said it raised more than $10 billion in the quarter, leaving nearly $73 billion of dry powder, improving its ability to deploy into market dislocations and grow fee-related earnings. TPG Looks to Cash In on Market Turbulence
• Positive Sentiment: EPS beat and margin/ROE strength — TPG reported $0.70 EPS vs. $0.61 consensus, up from $0.48 a year ago; net margin and a 26% ROE signal underlying profitability improvement in fee businesses. TPG Inc. (TPG) Q1 Earnings Top Estimates
• Positive Sentiment: Active dealmaking — TPG’s Rise Fund led a $100M investment in Zum, demonstrating continued deployment into growth/sustainable sectors that can drive future fee and carry. TPG (TPG) Leads $100M Investment in Zum
• Neutral Sentiment: Earnings materials and call — Full Q1 slide deck and earnings-call transcript are available for details on segment performance and outlook; useful for assessing recurring fee vs. capital-allocation volatility. TPG Inc. 2026 Q1 – Results – Earnings Call Presentation Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst comparisons — Coverage notes highlight the EPS beat but point to revenue and other metric gaps versus Street estimates; watch guidance and fee-related revenue cadence. TPG Inc. (TPG) Q1 Earnings: How Key Metrics Compare
• Negative Sentiment: Revenue missed estimates — Q1 revenue was $557.2M vs. consensus ~$610M, a notable shortfall that tempers the EPS beat and raises questions about fee and investment-income timing. TPG Press Release / Slide Deck
• Negative Sentiment: Swing to a small net loss — The firm reported a $1.45M loss (vs. $25.4M profit year-ago) driven by losses in capital-allocation income, highlighting earnings volatility tied to mark-to-market and realized investment results. TPG Swings to Loss as Revenue Falls

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after acquiring an additional 524 shares during the last quarter. PNC Financial Services Group Inc. grew its position in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 566 shares during the period. Quadrant Capital Group LLC grew its position in TPG by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,132 shares of the company’s stock valued at $72,000 after buying an additional 273 shares during the period. Comerica Bank grew its position in TPG by 43.1% during the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after buying an additional 465 shares during the period. Finally, Parallel Advisors LLC grew its position in TPG by 21.5% during the fourth quarter. Parallel Advisors LLC now owns 1,808 shares of the company’s stock valued at $115,000 after buying an additional 320 shares during the period. 94.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TPG shares. Citigroup raised shares of TPG to an “outperform” rating in a research note on Monday, February 9th. TD Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Thursday, April 9th. Evercore set a $47.00 price objective on shares of TPG in a research note on Tuesday, April 21st. UBS Group reduced their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research note on Friday, March 27th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, TPG currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.93.

TPG Company Profile

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.