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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |