TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026)
TriplePoint Venture Growth BDC recorded quarterly Operating Margin of 41.98% in Q1 2026, down 4.77% quarter-over-quarter from 44.09% in Q4 2025, and down 765.0% year-over-year from 6.31% in Q1 2025.
TriplePoint Venture Growth BDC's Operating Margin history runs 6 years deep, the most recent figure standing at 41.98% for Q1 2026.
- In Q1 2026, Operating Margin fell 765.0% year-over-year to 41.98%; the TTM figure through Mar 2026 stood at 45.03% (down 424.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 50.35% and a median of 49.63% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 1019 bps in 2022 and slumped 765 bps in 2026, its largest moves.
- TriplePoint Venture Growth BDC's Operating Margin stood at 58.64% in 2022, then dropped by 11 bps to 52.43% in 2023, then decreased by 6 bps to 49.06% in 2024, then slipped by 10 bps to 44.09% in 2025, then retreated by 5 bps to 41.98% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 41.98%, 44.09%, and 45.51% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 42.01% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 46.06% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.56% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.44% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | TriplePoint Venture Growth BDC | 226.55 Mn | 226.55 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% |