TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026)
TriplePoint Venture Growth BDC's (TPVG) quarterly Operating Margin came in at 41.98% in Q1 2026, down 765.0% year-on-year from 6.31% in Q1 2025, and down 4.77% quarter-over-quarter from 44.09% in Q4 2025.
TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026) Analysis & Trends
TriplePoint Venture Growth BDC has disclosed Operating Margin across 6 years of filings, most recently posting 41.98% for Q1 2026.
- Operating Margin for Q1 2026 came in at 41.98%, down 765.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 45.03% (down 424.0% YoY), and the FY2025 annual result was 46.48%, down 373.0% from the prior year.
- Operating Margin came in at 41.98% for Q1 2026 at TriplePoint Venture Growth BDC, down from 44.09% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 58.64% in Q4 2022 to a low of 41.98% in Q1 2026.
- The 5-year median for Operating Margin is 49.63% (2025), against an average of 50.35%.
- Across the five-year window, Operating Margin soared 1019 bps in 2022 and tumbled 765 bps in 2026, its largest moves.
- TriplePoint Venture Growth BDC's Operating Margin stood at 58.64% in 2022, then slipped by 11 bps to 52.43% in 2023, then retreated by 6 bps to 49.06% in 2024, then decreased by 10 bps to 44.09% in 2025, then fell by 5 bps to 41.98% in 2026.
- The last three Operating Margin figures came in at 41.98% (Q1 2026), 44.09% (Q4 2025), and 45.51% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 42.01% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 46.06% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | TriplePoint Venture Growth BDC | 201.85 Mn | 201.85 Mn | - | 41.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.98% |
| Dec 31, 2025 | 44.09% |
| Sep 30, 2025 | 45.51% |
| Jun 30, 2025 | 48.44% |
| Mar 31, 2025 | 49.63% |
| Dec 31, 2024 | 49.06% |
| Sep 30, 2024 | 51.99% |
| Jun 30, 2024 | 46.50% |
| Mar 31, 2024 | 53.03% |
| Dec 31, 2023 | 52.43% |
| Sep 30, 2023 | 53.46% |
| Jun 30, 2023 | 53.59% |
| Mar 31, 2023 | 55.25% |
| Dec 31, 2022 | 58.64% |
| Sep 30, 2022 | 56.77% |
| Jun 30, 2022 | 46.14% |
| Mar 31, 2022 | 49.53% |
| Dec 31, 2021 | 49.89% |
| Sep 30, 2021 | 46.58% |