TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026)
TriplePoint Venture Growth BDC (TPVG) posted Operating Margin of 41.98% for Q1 2026, down 4.77% sequentially from 44.09% in Q4 2025, and down 765.0% YoY from 6.31% in Q1 2025.
TriplePoint Venture Growth BDC (TPVG) Operating Margin (2021 - 2026) Analysis & Trends
TriplePoint Venture Growth BDC has reported Operating Margin for 6 years, with the latest figure at 41.98% in Q1 2026.
- Quarterly Operating Margin fell 765.0% year-over-year to 41.98% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.03% (down 424.0% YoY) and the FY2025 annual result came in at 46.48%, down 373.0% from the prior year.
- Operating Margin fell to 41.98% in Q1 2026 per TPVG's latest filing, from 44.09% in the prior quarter.
- Over five years, Operating Margin peaked at 58.64% in Q4 2022 and troughed at 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.
- The sharpest annual moves came in 2022 and 2026: Operating Margin surged 1019 bps in 2022, then tumbled 765 bps in 2026.
- Over 5 years, Operating Margin stood at 58.64% in 2022, then declined by 11 bps to 52.43% in 2023, then slipped by 6 bps to 49.06% in 2024, then dropped by 10 bps to 44.09% in 2025, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 34.74% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 35.61% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 47.97% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 24.36% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | TriplePoint Venture Growth BDC | 217.62 Mn | 217.62 Mn | - | 38.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.55% |
| 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% |