Tpg TPG
NASDAQ TPG
$48.91 -2.00 (-3.93%)
As of: Sep 9, 2026 · 3:59 PM EDT

Tpg (TPG) Operating Expenses (2021 - 2026)

Tpg's (TPG) quarterly Operating Expenses came in at $1.5 billion in Q2 2026, up 68.22% year-over-year from $890.1 million in Q2 2025, and up 130.85% quarter-over-quarter from $648.6 million in Q1 2026.

Analysis

Tpg (TPG) Operating Expenses (2021 - 2026) Analysis & Trends

Tpg (TPG) has reported Operating Expenses for 6 consecutive years, with $1.5 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 68.22% year-over-year to $1.5 billion in Q2 2026; TTM through Jun 2026 was $4.4 billion, a 15.75% increase from a year earlier, with the FY2025 full-year figure at $4.1 billion, up 14.42% from the prior year.
  • Operating Expenses was $1.5 billion for Q2 2026 at Tpg, up from $648.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.5 billion in Q2 2026 and troughed at $54.2 million in Q2 2022.
  • A 5-year average of $784.8 million and a median of $851.8 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses sank 72.74% in 2022 and soared 942.51% in 2023, its largest moves.
  • Over 5 years, Operating Expenses stood at $429.5 million in 2022, then surged by 114.85% to $922.7 million in 2023, then rose by 19.02% to $1.1 billion in 2024, then climbed by 11.55% to $1.2 billion in 2025, then rose by 22.22% to $1.5 billion in 2026.
  • The last three Operating Expenses figures came in at $1.5 billion (Q2 2026), $648.6 million (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Blackstone 102.43 Bn 104.87 Bn - 2.38 Bn
2 Kkr 96.71 Bn -180.36 Bn - 5.41 Bn
3 Brookfield Asset Management 80.84 Bn 80.57 Bn - 659.00 Mn
4 Apollo Global Management 76.99 Bn 72.09 Bn 10.54 Bn 8.74 Bn
5 Wheaton Precious Metals 70.37 Bn 70.27 Bn 687.86 Mn 133.83 Mn
6 Franco Nevada 51.31 Bn 49.77 Bn 451.00 Mn 5.30 Mn
7 Ares Management 50.50 Bn 55.42 Bn - 1.18 Bn
8 Brookfield 37.98 Bn 7.42 Bn 19.38 Bn -14.94 Bn
9 Tpg 20.58 Bn 22.14 Bn - 1.50 Bn
10 Blue Owl Capital 18.30 Bn 21.75 Bn - 636.64 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.50 Bn
Mar 31, 2026 648.61 Mn
Dec 31, 2025 1.23 Bn
Sep 30, 2025 1.03 Bn
Jun 30, 2025 890.13 Mn
Mar 31, 2025 947.86 Mn
Dec 31, 2024 1.10 Bn
Sep 30, 2024 867.13 Mn
Jun 30, 2024 776.55 Mn
Mar 31, 2024 836.40 Mn
Dec 31, 2023 922.75 Mn
Sep 30, 2023 256.21 Mn
Jun 30, 2023 564.73 Mn
Mar 31, 2023 620.12 Mn
Dec 31, 2022 429.49 Mn
Sep 30, 2022 518.61 Mn
Jun 30, 2022 54.17 Mn
Mar 31, 2022 942.53 Mn
Dec 31, 2021 299.02 Mn
Sep 30, 2021 224.18 Mn