TPG Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,501	2,424	2,087	1,535	1,247	977.9
Other Revenues	1,635	2,246	1,413	855.29	756.25	3,998
Revenue	4,135	4,670	3,500	2,390	2,003	4,976
Revenue Growth (YoY)	11.44%	33.43%	46.45%	19.32%	-59.75%	135.31%
Cost of Revenue	2,834	3,136	2,772	1,794	1,518	579.7
Gross Profit	1,302	1,535	728.39	595.94	484.92	4,397
Selling, General & Admin	685.8	702.17	583.73	483.63	368.92	278.59
Depreciation & Amortization Expenses	154.91	144.54	135.39	47.67	32.99	21.22
Other Operating Expenses	-	-	-	-	3.32	20.02
Operating Income	460.98	687.92	9.27	64.64	79.7	4,077
Interest Income	91.49	90.77	53.42	57.55	-81.84	605.21
Interest Expense	-120.79	-112.11	-87.51	-38.53	-21.61	-17.03
Total Non-Operating Income (Expense)	-29.3	-21.34	-34.09	19.02	-103.45	588.18
Pretax Income	431.68	666.58	-24.82	83.65	-23.75	4,665
Provision for Income Taxes	43.2	66.99	52.09	60.27	32.48	9.04
Net Income	157.74	184.59	23.48	80.09	92.43	0
Minority Interest in Earnings	230.74	415	-100.4	-56.71	-148.66	4,656
Net Income to Common	157.74	184.59	23.48	80.09	92.43	0
Net Income Growth	372.89%	686.05%	-70.68%	-13.35%	-	-
Shares Outstanding (Basic)	145	139	100	80	309	309
Shares Outstanding (Diluted)	378	374	365	318	309	309
Shares Change (YoY)	3.20%	2.58%	14.71%	2.93%	-0.03%	0.03%
EPS (Basic)	0.77	0.89	-	0.89	1.10	2.91
EPS (Diluted)	0.22	0.45	-0.42	-0.04	-0.19	1.80
Shares Outstanding	160.32	153.11	109.21	80.6	79.24	79.07
Free Cash Flow	972.04	1,004	504.02	703.79	1,373	1,473
Free Cash Flow Growth	-3.14%	99.12%	-28.39%	-48.76%	-6.76%	1591.85%
Free Cash Flow Per Share	2.57	2.68	1.38	2.21	4.45	4.77
Dividends Per Share	2.240	2.060	1.740	1.340	1.590	-
Dividend Growth	8.74%	18.39%	29.85%	-15.72%	-	-
Gross Margin	31.48%	32.86%	20.81%	24.94%	24.21%	88.35%
Operating Margin	11.15%	14.73%	0.26%	2.70%	3.98%	81.92%
Profit Margin	9.39%	12.84%	-2.20%	0.98%	-2.81%	93.56%
FCF Margin	23.51%	21.49%	14.40%	29.45%	68.57%	29.60%
EBITDA	673.62	888.93	181.23	135.52	112.69	4,077
EBITDA Margin	16.29%	19.03%	5.18%	5.67%	5.63%	81.92%
EBIT	460.98	687.92	9.27	64.64	79.7	4,077
EBIT Margin	11.15%	14.73%	0.26%	2.70%	3.98%	81.92%
Effective Tax Rate	10.01%	10.05%	-209.84%	72.05%	-136.76%	0.19%

Updated May 1, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q