TPG (NASDAQ:TPG) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

TPG (NASDAQ:TPG) released its quarterly earnings results on Thursday. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02, Briefing.com reports. TPG had a net margin of 2.83% and a return on equity of 25.79%. The firm had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $548.40 million. During the same quarter last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year.

Here are the key takeaways from TPG’s conference call:

• Record fundraising — TPG raised a record $51 billion in 2025 (up 71% YoY) and expects aggregate capital raising to exceed $50 billion in 2026, signaling durable LP demand and scale.
• Stronger earnings and margins — Fee‑related revenue was $2.1 billion for the year with fee‑related earnings of $953 million, a FY FRE margin of 45% (Q4 margin 52%), guidance for ~47% FRE margin in 2026, and Q4 after‑tax distributable earnings of $304 million.
• Credit franchise expansion and strategic partnerships — Credit raised a record $21 billion in 2025, invested a record $25 billion, launched the ADL evergreen direct lending strategy (first close $875 million equity) and struck a long‑term insurance partnership with Jackson to extend fee duration.
• Software & AI positioning — Software is ~11% of AUM (18% of PE AUM) and TPG says it is selectively focused on AI‑benefitting verticals, systems‑of‑record, and cybersecurity, arguing limited exposure to more AI‑disrupted horizontals.
• Near‑term financial and perception risks — Pro‑forma net debt rises to ~$2.1 billion after the Jackson investment, NY office build‑out costs will continue through 2026, and management acknowledged continued market skepticism about direct‑lending valuations and the lumpiness of capital‑markets/transaction fees.

TPG Stock Performance

Shares of NASDAQ TPG traded down $2.30 during trading on Thursday, reaching $53.79. The stock had a trading volume of 5,971,718 shares, compared to its average volume of 2,483,418. TPG has a one year low of $37.52 and a one year high of $70.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $20.34 billion, a PE ratio of 597.59, a P/E/G ratio of 0.81 and a beta of 1.50. The firm’s 50 day moving average price is $63.54 and its two-hundred day moving average price is $60.21.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TPG. CIBC Bancorp USA Inc. bought a new position in shares of TPG during the third quarter worth about $3,125,000. Advisory Services Network LLC acquired a new stake in shares of TPG in the third quarter valued at approximately $160,000. Laurion Capital Management LP bought a new stake in shares of TPG during the third quarter valued at approximately $574,000. CANADA LIFE ASSURANCE Co boosted its position in shares of TPG by 56.8% during the third quarter. CANADA LIFE ASSURANCE Co now owns 167,668 shares of the company’s stock worth $9,868,000 after buying an additional 60,709 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in TPG in the 3rd quarter worth approximately $1,036,000. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Zacks Research downgraded shares of TPG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of TPG in a report on Monday, December 29th. Morgan Stanley set a $67.00 target price on TPG in a research report on Tuesday, January 27th. Finally, Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of TPG in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.69.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.