TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026)
TriplePoint Venture Growth BDC (TPVG) reported Operating Margin of 41.98% for Q1 2026, down 765.0% on a YoY basis from 6.31% in Q1 2025, and down 4.77% sequentially from 44.09% in Q4 2025.
TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026) Analysis & Trends
TriplePoint Venture Growth BDC (TPVG) has 6 years of Operating Margin data on file, last reported at 41.98% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 765.0% year-over-year to 41.98%; the trailing twelve-month figure through Mar 2026 stood at 45.03% (down 424.0% YoY), and the FY2025 full-year result was 46.48%, down 373.0% from the prior year.
- Operating Margin fell to 41.98% in Q1 2026, 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 soared 1019 bps in 2022 and sank 765 bps in 2026, its largest moves.
- Tracing TPVG's Operating Margin over 5 years: stood at 58.64% in 2022, then decreased by 11 bps to 52.43% in 2023, then fell by 6 bps to 49.06% in 2024, then retreated by 10 bps to 44.09% in 2025, then declined by 5 bps to 41.98% in 2026.
- Business Quant data shows TPVG's Operating Margin at 41.98% in Q1 2026, 44.09% in Q4 2025, and 45.51% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 175.98% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 42.01% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 24.88% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 36.65% |
| 10 | TriplePoint Venture Growth BDC | 179.38 Mn | 179.38 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% |