Tpg (TPG) Operating Expenses (2021 - 2026)

Tpg (TPG) reported Operating Expenses of $648.6 million for Q1 2026, down 31.57% year-over-year from $947.9 million in Q1 2025, and down 47.06% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $648.6 million, down 31.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (up 2.86% YoY), and the FY2025 annual result was $4.1 billion, up 14.42% from the prior year.
  • Operating Expenses slipped to $648.6 million in Q1 2026 per TPG's latest filing, from $1.2 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.2 billion in Q4 2025 and troughed at $54.2 million in Q2 2022.
  • A 5-year average of $742.9 million and a median of $836.4 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses plunged 72.74% in 2022, then jumped 942.51% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $429.5 million in 2022, then soared by 114.85% to $922.7 million in 2023, then gained by 19.02% to $1.1 billion in 2024, then grew by 11.55% to $1.2 billion in 2025, then sank by 47.06% to $648.6 million in 2026.
  • Business Quant data shows TPG's Operating Expenses at $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 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Tpg 6.72 Bn 8.46 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