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
DateValue
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