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
Operating Revenue	2,424	2,087	1,535	1,247	977.9
Other Revenue	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
Operating Expenses	846.72	719.12	531.3	401.91	299.81
Operating Income	687.92	9.27	64.64	83.02	4,097
Interest Expense	-112.11	-87.51	-38.53	-21.61	-16.29
Interest & Investment Income	93.62	82.74	50.98	28.29	16.78
Other Non Operating Income (Expenses)	-	-	-	-3.32	191.06
EBT Excluding Unusual Items	669.43	4.5	77.09	86.38	4,288
Gain (Loss) on Sale of Investments	-2.85	-29.33	6.56	-110.13	376.61
Pretax Income	666.58	-24.82	83.65	-23.75	4,665
Income Tax Expense	66.99	52.09	60.27	32.48	9.04
Earnings From Continuing Operations	599.59	-76.92	23.39	-56.24	4,656
Minority Interest in Earnings	-415	100.4	68.75	168.57	-2,475
Net Income	184.59	23.48	92.13	112.33	2,181
Preferred Dividends & Other Adjustments	60.81	23.79	20.92	24.9	-
Net Income to Common	123.77	-0.31	71.22	87.43	2,181
Net Income Growth	686.05%	-74.51%	-17.98%	-94.85%	198.07%
Shares Outstanding (Basic)	139	100	80	79	79
Shares Outstanding (Diluted)	374	365	318	309	79
Shares Change (YoY)	2.58%	14.71%	2.93%	290.67%	-
EPS (Basic)	0.89	-0.00	0.89	1.10	27.58
EPS (Diluted)	0.45	-0.42	-0.04	-0.19	27.58
Free Cash Flow	1,004	504.01	703.79	1,373	1,473
Free Cash Flow Per Share	2.68	1.38	2.21	4.45	18.63
Dividend Per Share	2.060	1.740	1.340	1.590	-
Dividend Growth	18.39%	29.85%	-15.72%	-	-
Gross Margin	32.86%	20.81%	24.93%	24.21%	88.35%
Operating Margin	14.73%	0.27%	2.71%	4.15%	82.33%
Profit Margin	2.65%	-0.01%	2.98%	4.37%	43.82%
Free Cash Flow Margin	21.49%	14.40%	29.45%	68.57%	29.60%
EBITDA	832.46	144.66	112.31	116.01	4,118
EBITDA Margin	17.82%	4.13%	4.70%	5.79%	82.75%
D&A For EBITDA	144.54	135.39	47.67	32.99	21.22
EBIT	687.92	9.27	64.64	83.02	4,097
EBIT Margin	14.73%	0.27%	2.71%	4.15%	82.33%
Effective Tax Rate	10.05%	-	72.05%	-	0.19%
Revenue as Reported	4,670	3,500	2,390	2,003	4,976

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q