TPG Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	2,424	2,087	1,535	1,247	977.9
Other Revenues	2,246	1,413	855.29	756.25	3,998
Revenue	4,670	3,500	2,390	2,003	4,976
Revenue Growth (YoY)	33.43%	46.45%	19.32%	-59.75%	135.31%
Cost of Revenue	3,136	2,772	1,794	1,518	579.7
Gross Profit	1,535	728.39	595.94	484.92	4,397
Selling, General & Admin	702.17	583.73	483.63	368.92	278.59
Depreciation & Amortization Expenses	144.54	135.39	47.67	32.99	21.22
Other Operating Expenses	-	-	-	3.32	20.02
Operating Income	687.92	9.27	64.64	79.7	4,077
Interest Income	90.77	53.42	57.55	-81.84	605.21
Interest Expense	-112.11	-87.51	-38.53	-21.61	-17.03
Total Non-Operating Income (Expense)	-21.34	-34.09	19.02	-103.45	588.18
Pretax Income	666.58	-24.82	83.65	-23.75	4,665
Provision for Income Taxes	66.99	52.09	60.27	32.48	9.04
Net Income	184.59	23.48	80.09	92.43	0
Minority Interest in Earnings	415	-100.4	-56.71	-148.66	4,656
Net Income to Common	184.59	23.48	80.09	92.43	0
Net Income Growth	686.05%	-70.68%	-13.35%	-	-
Shares Outstanding (Basic)	139	100	80	309	309
Shares Outstanding (Diluted)	374	365	318	309	309
Shares Change (YoY)	2.58%	14.71%	2.93%	-0.03%	0.03%
EPS (Basic)	0.89	-	0.89	1.10	2.91
EPS (Diluted)	0.45	-0.42	-0.04	-0.19	1.80
Shares Outstanding	153.11	109.21	80.6	79.24	79.07
Free Cash Flow	1,004	504.02	703.79	1,373	1,473
Free Cash Flow Growth	99.12%	-28.39%	-48.76%	-6.76%	1591.85%
Free Cash Flow Per Share	2.68	1.38	2.21	4.45	4.77
Dividends Per Share	2.060	1.740	1.340	1.590	-
Dividend Growth	18.39%	29.85%	-15.72%	-	-
Gross Margin	32.86%	20.81%	24.94%	24.21%	88.35%
Operating Margin	14.73%	0.26%	2.70%	3.98%	81.92%
Profit Margin	12.84%	-2.20%	0.98%	-2.81%	93.56%
FCF Margin	21.49%	14.40%	29.45%	68.57%	29.60%
EBITDA	888.93	181.23	135.52	112.69	4,077
EBITDA Margin	19.03%	5.18%	5.67%	5.63%	81.92%
EBIT	687.92	9.27	64.64	79.7	4,077
EBIT Margin	14.73%	0.26%	2.70%	3.98%	81.92%
Effective Tax Rate	10.05%	-209.84%	72.05%	-136.76%	0.19%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q