TPG (NASDAQ:TPG) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

TPG (NASDAQ:TPG) announced its earnings results on Thursday. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02, FiscalAI reports. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $624.66 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share.

Here are the key takeaways from TPG’s conference call:

• Fundraising momentum accelerated: TPG raised nearly $42 billion through the first nine months and increased its 2026 target to more than $55 billion, supported by broad-based demand across private equity, credit, real estate and wealth products.
• Assets under management grew 21% year over year to $346 billion, while record $86 billion of dry powder positions TPG to benefit from market dislocation and higher-for-longer interest rates. Management also reiterated its goal of doubling credit AUM to $200 billion by the end of 2029.
• Third-quarter after-tax distributable earnings were $265 million, or $0.65 per share, and TPG raised full-year FRE margin guidance to approximately 48%, nearly 300 basis points above 2025. Management expects continued long-term margin expansion toward the mid-50% range, although investments in wealth distribution and credit capabilities may make progress uneven.
• Realizations totaled $6.6 billion in the quarter, but performance allocations were limited because proceeds primarily returned cost basis and covered unrealized losses in certain software investments. Management expects realized performance allocations to improve in the fourth quarter and into 2027, though timing remains dependent on market conditions.
• Higher rates, valuation uncertainty and liquidity constraints continue to weigh on private equity and real estate transaction activity, while management highlighted development, financing and concentration risks within AI and data-center infrastructure. TPG is pursuing these opportunities selectively but acknowledged that some investments could face repricing or distress.

TPG Stock Up 3.2%

Shares of TPG opened at $48.18 on Tuesday. The firm has a fifty day moving average price of $46.91 and a 200-day moving average price of $45.79. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $18.52 billion, a P/E ratio of 55.38, a P/E/G ratio of 0.84 and a beta of 1.49. TPG has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.6%. This is a decrease from TPG’s previous quarterly dividend of $0.59. TPG’s dividend payout ratio is 271.26%.

Analyst Ratings Changes

Several research analysts have recently commented on TPG shares. Weiss Ratings downgraded TPG from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Evercore set a $52.00 price objective on TPG in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price target on shares of TPG in a research report on Wednesday, August 5th. Morgan Stanley lowered their price objective on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, TD Cowen lifted their price objective on shares of TPG from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.07.

TPG Company Profile

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.