TPG Inc. income statement
In fiscal 2025, TPG Inc. reported revenue of $4.67bn, up 33.4% on the year before and net income of $185m, or $0.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,115 | 4,976 | 2,003 | 2,390 | 3,500 | 4,670 | 5,056 |
| General and administrative | 261 | 279 | 369 | 484 | 584 | 702 | 678 |
| Interest expense | 16 | 14 | 19 | 32 | 77 | 102 | 122 |
| Income before tax | — | — | — | 84 | −25 | 667 | — |
| Income tax | 10 | 9 | 32 | 60 | 52 | 67 | 70 |
| Net income | 0 | 0 | 92 | 80 | 23 | 185 | 236 |
| Diluted EPS | — | $0.00 | −$0.19 | −$0.04 | −$0.42 | $0.45 | $0.62 |
| Diluted shares (average) | — | — | 309m | 318m | 365m | 374m | 382m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 855 | 1,076 | 1,035 | 921 | 1,224 | 1,491 | 500 | 1,841 |
| General and administrative | 141 | 121 | 164 | 182 | 166 | 189 | 148 | 174 |
| Interest expense | 20 | 21 | 22 | 24 | 28 | 28 | 31 | 35 |
| Income tax | 14 | 11 | 6 | 9 | 29 | 23 | −17 | 36 |
| Net income | 9 | 13 | 25 | 15 | 67 | 77 | −1 | 93 |
| Diluted EPS | −$0.08 | −$0.05 | $0.00 | −$0.05 | $0.20 | $0.30 | −$0.22 | $0.39 |
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