Tpg (TPG) Operating Expenses (2021 - 2026)
Tpg's (TPG) quarterly Operating Expenses came in at $648.6 million in Q1 2026, down 31.57% year-on-year from $947.9 million in Q1 2025, and down 47.06% on a QoQ basis from $1.2 billion in Q4 2025.
Tpg (TPG) Operating Expenses (2021 - 2026) Analysis & Trends
Tpg (TPG) has 6 years of Operating Expenses data on file, last reported at $648.6 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 31.57% year-over-year to $648.6 million in Q1 2026; TTM through Mar 2026 was $3.8 billion, a 2.86% increase from a year earlier, with the FY2025 full-year figure at $4.1 billion, up 14.42% from the prior year.
- Operating Expenses for Q1 2026 stood at $648.6 million, down from $1.2 billion in the prior quarter.
- Over the last five years, Operating Expenses for TPG reached as high as $1.2 billion in Q4 2025 and fell as low as $54.2 million in Q2 2022.
- Historically, Operating Expenses has averaged $742.9 million across 5 years, with a median of $836.4 million in 2024.
- Across the five-year window, Operating Expenses slumped 72.74% in 2022 and surged 942.51% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $429.5 million in 2022, then soared by 114.85% to $922.7 million in 2023, then grew by 19.02% to $1.1 billion in 2024, then gained by 11.55% to $1.2 billion in 2025, then slumped by 47.06% to $648.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $648.6 million in Q1 2026, $1.2 billion in Q4 2025, and $1.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Tpg | 6.71 Bn | 8.45 Bn | - | 648.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 198.72 Mn |