Security
TPG Inc. Class A Common Stock · TPG
TPGNASDAQCommon stockCurrentCIK 1880661Updated Oct 30, 2026
Name history
TPG Partners, LLC · through Jan 10, 2022
TPG price & chart
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NASDAQ:TPG on TradingView ↗About the company
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $286 billioni of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 13,019,723,000Source | 10,522,018,000Source | 14,027,894,000Source | 11,966,315,000Source | 10,071,258,000Source | 13,307,346,000Source | 11,314,024,000Source | 9,939,449,000Source | 13,492,935,000Source | 10,535,109,000Source | 9,369,672,000Source | 7,941,738,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | 98,629,000Source | 89,454,000Source | 81,678,000Source | 24,053,000Source |
| GoodwillUSD | 498,188,000Source | 436,079,000Source | 498,188,000Source | 436,079,000Source | 436,079,000Source | 498,188,000Source | 436,079,000Source | 436,079,000Source | 498,188,000Source | 436,079,000Source | 436,079,000Source | 230,194,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 696,115,000Source | 566,844,000Source | 587,585,000Source | 481,232,000Source | 594,400,000Source | 623,712,000Source | 507,081,000Source | 621,956,000Source | 659,839,000Source | 533,707,000Source | 649,508,000Source | 136,187,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,080,304,000Source | 1,164,491,000Source | 944,663,000Source | 1,112,027,000Source | 1,121,009,000Source | 851,399,000Source | 821,971,000Source | 1,090,713,000Source | 826,105,000Source | 808,017,000Source | 665,188,000Source | 1,107,484,000Source |
| Operating Lease, Right-of-Use AssetUSD | 566,442,000Source | — | 566,441,000Source | 570,486,000Source | — | 584,027,000Source | 586,158,000Source | — | 552,254,000Source | 208,501,000Source | 227,610,000Source | 130,357,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 9,246,567,000Source | 7,134,929,000Source | 10,285,659,000Source | 8,406,859,000Source | 6,765,042,000Source | 9,582,575,000Source | 7,815,309,000Source | 6,643,131,000Source | 9,356,560,000Source | 6,943,120,000Source | 6,008,538,000Source | 4,202,232,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 1,437,586,000Source | 879,489,000Source | 1,642,331,000Source | 1,258,871,000Source | 832,373,000Source | 1,530,686,000Source | 1,049,823,000Source | 779,513,000Source | 1,476,444,000Source | 970,719,000Source | 613,476,000Source | 506,639,000Source |
| Retained Earnings (Accumulated Deficit)USD | -294,439,000Source | -156,694,000Source | -406,304,000Source | -267,366,000Source | -118,513,000Source | -397,691,000Source | -227,114,000Source | -59,520,000Source | -291,604,000Source | -186,983,000Source | -34,681,000Source | 2,724,000Source |
| Liabilities and EquityUSD | 13,019,723,000Source | 10,522,018,000Source | 14,027,894,000Source | 11,966,315,000Source | 10,071,258,000Source | 13,307,346,000Source | 11,314,024,000Source | 9,939,449,000Source | 13,492,935,000Source | 10,535,109,000Source | 9,369,672,000Source | 7,941,738,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,629,631,000Source | 2,663,929,000Source | 2,506,194,000Source | 2,567,581,000Source | 2,591,991,000Source | 2,591,392,000Source | 2,675,636,000Source | 2,575,960,000Source | 2,951,158,000Source | 2,807,888,000Source | 2,781,977,000Source | 2,576,199,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 13,336,000Source | 8,220,000Source | 8,879,000Source | 11,572,000Source |
| Long-term DebtUSD | 1,792,030,000Source | 1,329,682,000Source | 2,343,695,000Source | 1,610,589,000Source | 1,229,379,000Source | 2,342,953,000Source | 1,483,287,000Source | 1,229,230,000Source | 1,722,547,000Source | 1,281,984,000Source | 945,052,000Source | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 653,635,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | —Source | — | — | — | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 199,230,000Source | -21,425,000Source | 319,672,000Source | 30,111,000Source | -123,276,000Source | 87,828,000Source | 599,585,000Source | -76,915,000Source | 23,385,000Source | -56,235,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 41,035,000Source | 32,400,000Source | 41,342,000Source | 30,808,000Source | 41,752,000Source | 31,382,000Source | 144,542,000Source | 135,386,000Source | 47,673,000Source | 32,990,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 29,817,000Source | 5,357,000Source | 20,076,000Source | -27,140,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 176,549,000Source | 198,188,000Source | 1,032,395,000Source | 532,146,000Source | 720,518,000Source | 1,375,878,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | 0Source | — | 16,334,000Source | 356,835,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -516,265,000Source | -6,347,000Source | -263,956,000Source | -44,465,000Source | -373,563,000Source | -3,012,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 208,962,000Source | 180,112,000Source | 190,563,000Source | 67,671,000Source | 6,878,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 365,095,000Source | -177,777,000Source | -750,360,000Source | -344,860,000Source | -789,234,000Source | -1,238,080,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 25,379,000Source | 14,064,000Source | 18,079,000Source | 142,821,000Source | -442,279,000Source | 134,786,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,093,587,000Source | 1,177,820,000Source | 957,827,000Source | 1,125,200,000Source | 864,650,000Source | 835,256,000Source | 839,271,000Source | 821,192,000Source | 678,371,000Source | 1,120,650,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 38,761,000Source | 27,683,000Source | 92,117,000Source | 65,371,000Source | 33,549,000Source | 18,352,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 19,232,000Source | 6,839,000Source | 30,286,000Source | 42,293,000Source | 51,130,000Source | 48,327,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 158,382,000Source | 242,405,000Source | 231,730,000Source | 209,622,000Source | 255,136,000Source | 205,832,000Source | 813,741,000Source | 1,006,312,000Source | 654,922,000Source | 627,714,000Source |
| Amortization of Intangible AssetsUSD | — | — | 36,000,000Source | 27,600,000Source | 36,100,000Source | 25,800,000Source | 36,100,000Source | 26,600,000Source | 124,800,000Source | 115,800,000Source | 41,200,000Source | 28,400,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Equity Securities, FV-NI, Gain (Loss)USD | — | — | 0Source | -1,043,000Source | -8,470,000Source | 206,000Source | -4,460,000Source | 11,000Source | 218,000Source | -3,896,000Source | -7,394,000Source | -85,827,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | 0Source | 0Source | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | — | 0Source | 0Source | 0Source | -2,572,000Source | — | — | 15,264,000Source | -25,106,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | — | — | — | — | 667,000Source | 12,382,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | 212,000Source | -8,483,000Source | -9,053,000Source | -791,000Source | -1,131,000Source | -2,087,000Source | -2,847,000Source | -29,326,000Source | 6,564,000Source | -110,131,000Source |
| General and Administrative ExpenseUSD | — | — | 166,198,000Source | 141,262,000Source | 174,357,000Source | 182,335,000Source | 147,941,000Source | 164,311,000Source | 702,173,000Source | 583,733,000Source | 482,574,000Source | 368,915,000Source |
| GoodwillUSD | — | — | 498,188,000Source | 436,079,000Source | 498,188,000Source | 436,079,000Source | 498,188,000Source | 436,079,000Source | 498,188,000Source | 436,079,000Source | 436,079,000Source | 230,194,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Goodwill, Impairment LossUSD | — | — | — | 0Source | — | — | — | — | — | — | 0Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | 0Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -133,000Source | -228,000Source | -583,000Source | -997,000Source | 3,329,000Source | 474,000Source | -838,000Source | -1,217,000Source | -1,306,000Source | 802,000Source |
| Income Tax Expense (Benefit)USD | — | — | 28,906,000Source | 13,881,000Source | 36,342,000Source | 9,226,000Source | -17,448,000Source | 6,349,000Source | 66,993,000Source | 52,091,000Source | 60,268,000Source | 32,483,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 67,140,000Source | 8,961,000Source | 93,426,000Source | 14,941,000Source | -1,454,000Source | 25,393,000Source | 184,588,000Source | 23,483,000Source | 80,090,000Source | 92,426,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 97,715,000Source | 3,117,000Source | 226,246,000Source | 15,170,000Source | -121,822,000Source | 62,435,000Source | 364,226,000Source | 75,529,000Source | 23,662,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 49,299,000Source | 3,991,000Source | 72,686,000Source | 4,350,000Source | -8,007,000Source | 9,834,000Source | 123,774,000Source | -307,000Source | 71,218,000Source | 87,432,000Source |
| Nonoperating Income (Expense)USD | — | — | 35,942,000Source | 4,187,000Source | 11,928,000Source | 8,931,000Source | 7,877,000Source | 7,161,000Source | 90,773,000Source | 53,417,000Source | 57,545,000Source | -81,840,000Source |
| Operating ExpensesUSD | — | — | 1,031,323,000Source | 867,134,000Source | 1,497,338,000Source | 890,131,000Source | 648,607,000Source | 947,860,000Source | 4,094,407,000Source | 3,578,323,000Source | 2,363,803,000Source | 1,944,799,000Source |
| Operating Lease, ExpenseUSD | — | — | 22,000,000Source | 11,900,000Source | 26,400,000Source | 22,400,000Source | 23,900,000Source | 22,600,000Source | 90,000,000Source | 48,200,000Source | 29,700,000Source | 26,100,000Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | — | — | 311,118,000Source | 62,212,000Source | 258,461,000Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 49,756,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Realized Investment Gains (Losses)USD | — | — | 212,000Source | -8,483,000Source | -9,053,000Source | -791,000Source | -1,131,000Source | -2,087,000Source | -2,847,000Source | -29,326,000Source | 6,564,000Source | -110,131,000Source |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Other Nonoperating Income (Expense) | — | — | — | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,223,517,000Source | 524,733,000Source | 1,841,424,000Source | 569,074,000Source | 620,022,000Source | 543,455,000Source | 2,424,138,000Source | 2,087,076,000Source | 1,534,626,000Source | 1,246,635,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 666,578,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | 28,906,000Source | 13,881,000Source | 36,342,000Source | 9,226,000Source | -17,448,000Source | 6,349,000Source | 66,993,000Source | 52,091,000Source | 60,268,000Source | 32,483,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 97,715,000Source | 3,117,000Source | 226,246,000Source | 15,170,000Source | -121,822,000Source | 62,435,000Source | 364,226,000Source | 75,529,000Source | 23,662,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 67,140,000Source | 8,961,000Source | 93,426,000Source | 14,941,000Source | -1,454,000Source | 25,393,000Source | 184,588,000Source | 23,483,000Source | 80,090,000Source | 92,426,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.33Source | 0.04Source | 0.44Source | 0.03Source | -0.05Source | 0.08Source | 0.89Source | 0Source | 0.89Source | 1.1Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.2Source | -0.08Source | 0.39Source | -0.05Source | -0.22Source | 0Source | 0.45Source | -0.42Source | -0.04Source | -0.19Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 150,527,419Source | 103,358,212Source | 164,670,334Source | 133,404,634Source | 159,635,235Source | 117,408,263Source | 138,879,433Source | 100,219,905Source | 80,334,871Source | 79,255,411Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 378,345,947Source | 364,836,508Source | 385,468,150Source | 370,142,783Source | 383,711,322Source | 369,358,961Source | 374,125,608Source | 364,725,579Source | 317,944,496Source | 308,908,052Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 36,000,000Source | 27,600,000Source | 36,100,000Source | 25,800,000Source | 36,100,000Source | 26,600,000Source | 124,800,000Source | 115,800,000Source | 41,200,000Source | 28,400,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.59Source | 0.42Source | 0.59Source | 0.41Source | 0.61Source | 0.53Source | 1.98Source | 1.65Source | 1.4Source | 1.09Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 37,176,000Source | 46,734,000Source | 40,192,000Source | 59,623,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | 0Source | 0Source | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | — | 0Source | 0Source | 0Source | -2,572,000Source | — | — | 15,264,000Source | -25,106,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | — | — | — | — | 667,000Source | 12,382,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | 212,000Source | -8,483,000Source | -9,053,000Source | -791,000Source | -1,131,000Source | -2,087,000Source | -2,847,000Source | -29,326,000Source | 6,564,000Source | -110,131,000Source |
| General and Administrative ExpenseUSD | — | — | 166,198,000Source | 141,262,000Source | 174,357,000Source | 182,335,000Source | 147,941,000Source | 164,311,000Source | 702,173,000Source | 583,733,000Source | 482,574,000Source | 368,915,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 0Source | — | — | — | — | — | — | 0Source | — |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | 228,136,000Source | -7,544,000Source | 356,014,000Source | 39,337,000Source | -140,724,000Source | 94,177,000Source | 666,578,000Source | -24,824,000Source | 83,653,000Source | -23,752,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 130,081,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -133,000Source | -228,000Source | -583,000Source | -997,000Source | 3,329,000Source | 474,000Source | -838,000Source | -1,217,000Source | -1,306,000Source | 802,000Source |
| Interest Expense, DebtUSD | — | — | 28,200,000Source | 19,600,000Source | 35,300,000Source | 24,100,000Source | 31,200,000Source | 22,400,000Source | 102,300,000Source | 77,100,000Source | 31,800,000Source | 19,000,000Source |
| InterestExpenseOperatingUSD | — | — | 32,322,000Source | 21,789,000Source | 36,219,000Source | 25,308,000Source | 32,738,000Source | 24,060,000Source | 112,111,000Source | 87,511,000Source | — | — |
| Labor and Related ExpenseUSD | — | — | 213,966,000Source | 205,641,000Source | 237,025,000Source | 208,621,000Source | 237,188,000Source | 223,570,000Source | 894,382,000Source | 835,328,000Source | 547,377,000Source | 473,696,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | — | — | -180,824,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 49,299,000Source | 3,991,000Source | 72,686,000Source | 4,350,000Source | -8,007,000Source | 9,834,000Source | 123,774,000Source | -307,000Source | 71,218,000Source | 87,432,000Source |
| Nonoperating Income (Expense)USD | — | — | 35,942,000Source | 4,187,000Source | 11,928,000Source | 8,931,000Source | 7,877,000Source | 7,161,000Source | 90,773,000Source | 53,417,000Source | 57,545,000Source | -81,840,000Source |
| Operating ExpensesUSD | — | — | 1,031,323,000Source | 867,134,000Source | 1,497,338,000Source | 890,131,000Source | 648,607,000Source | 947,860,000Source | 4,094,407,000Source | 3,578,323,000Source | 2,363,803,000Source | 1,944,799,000Source |
| Operating Lease, ExpenseUSD | — | — | 22,000,000Source | 11,900,000Source | 26,400,000Source | 22,400,000Source | 23,900,000Source | 22,600,000Source | 90,000,000Source | 48,200,000Source | 29,700,000Source | 26,100,000Source |
| Other General ExpenseUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | -27,918,000Source | 31,433,000Source | -77,890,000Source | 24,089,000Source | 77,771,000Source | 8,455,000Source | -44,133,000Source | 154,503,000Source | 82,900,000Source | 147,133,000Source |
| Realized Investment Gains (Losses)USD | — | — | 212,000Source | -8,483,000Source | -9,053,000Source | -791,000Source | -1,131,000Source | -2,087,000Source | -2,847,000Source | -29,326,000Source | 6,564,000Source | -110,131,000Source |
| Other Nonoperating Income (Expense) | — | — | — | —Source | — | — | — | — | — | — | — | — |
Offerings
Registration 333-299503
Filing attachments
d111964dex991.htm · 8-K · 2026-01-06
Exhibit 99.1 TPG and Jackson Financial Inc. Announce Strategic Partnership to Accelerate Growth TPG and Jackson Financial Inc. to establish long-term, strategic investment management partnership, with a minimum commitment of $12 billion of AUM and strong economic incentives aligned to a long-term target of $20 billion Partnership expected to commence with an allocation to TPG Credit, initially focused on Investment Grade Asset Based Finance and Direct Lending, with opportunities to ex…
Read attachment ↗d111964dex992.htm · 8-K · 2026-01-06
Exhibit 99.2 TPG and Jackson Establish Long-Term Strategic Partnership January 2026 Important Notices This presentation is being provided by TPG Inc. (“TPG,” “we,” “our,” “us,” or the “Company”) solely for informational purposes for its public stockholders. To the maximum extent permitted by law, none of us or our affiliates, directors, officers, partners, employees, agents, or advisors or any other person accepts any liability related to the use or misuse of the information contained in this p…
Read attachment ↗