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
DateValue
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%