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TPG (TPG) Revenue & Revenue Breakdown

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TPG Revenue Highlights

Latest Revenue (Y)

$4.67B

Latest Revenue (Q)

$496.15M

Main Segment (Y)

Management fees

Main Geography (Y)

Management fees

TPG Revenue by Period

TPG Revenue by Year

DateRevenueChange
2025-12-31$4.67B77.91%
2024-12-31$2.62B41.37%
2023-12-31$1.86B23.35%
2022-12-31$1.50B-73.05%
2021-12-31$5.58B146.29%
2020-12-31$2.27B5.18%
2019-12-31$2.15B36.01%
2018-12-31$1.58B-

TPG generated $4.67B in revenue during NA 2025, up 77.91% compared to the previous quarter, and up 205.95% compared to the same period a year ago.

TPG Revenue by Quarter

DateRevenueChange
2026-03-31$496.15M-66.73%
2025-12-31$1.49B77.50%
2025-09-30$840.04M20.69%
2025-06-30$696.03M-6.36%
2025-03-31$743.33M-0.16%
2024-12-31$744.54M17.08%
2024-09-30$635.95M4.67%
2024-06-30$607.61M-4.37%
2024-03-31$635.34M-5.58%
2023-12-31$672.89M131.62%
2023-09-30$290.51M-34.84%
2023-06-30$445.83M-0.16%
2023-03-31$446.55M15.47%
2022-12-31$386.74M-8.52%
2022-09-30$422.75M332.27%
2022-06-30$97.80M-83.62%
2022-03-31$597.20M-47.42%
2021-12-31$1.14B52.25%
2021-09-30$745.94M-68.13%
2021-06-30$2.34B72.24%
2021-03-31$1.36B1.48%
2020-12-31$1.34B-

TPG generated $496.15M in revenue during Q1 2026, up -66.73% compared to the previous quarter, and up 66.64% compared to the same period a year ago.

TPG Revenue Breakdown

TPG Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22
Incentive Fees$49.29M$33.03M$2.81M$5.18M
Transaction Fees$231.39M$140.60M$99.43M$97.91M
Monitoring Fees$29.01M$29.63M$10.87M$14.33M
Management fees$1.83B$1.64B$1.19B$931.29M
Expense Reimbursements And Other$288.03M$245.83M$233.57M$209.38M
Fee Credits---$-11.46M

TPG's latest annual revenue breakdown by segment (product or service), as of Dec 25: Management fees (75.34%), Expense Reimbursements And Other (11.88%), Transaction Fees (9.55%), Incentive Fees (2.03%), and Monitoring Fees (1.20%).

Quarterly Revenue by Product

Product/ServiceMar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Transaction Fees$64.92M$118.58M$30.75M$34.61M$47.45M$65.44M$38.98M$36.19M$52.92M$29.23M$14.80M$2.47M$43.62M$11.78M$13.30M$29.21M
Expense Reimbursements And Other$57.40M$76.33M$79.31M$69.41M$62.99M$126.29M$60.83M$58.71M$70.39M$55.57M$51.37M$56.24M$54.07M$64.90M$47.10M$43.31M
Incentive Fees$8.21M$28.98M$7.34M$6.77M$6.20M$23.60M$5.56M$3.88M---$350.00K$4.83M---
Management fees$479.43M$484.41M$470.52M$452.53M$418.95M$819.80M$410.77M$407.42M$399.92M$278.96M$258.50M$250.56M$249.90M$253.84M$222.74M$204.81M
Monitoring Fees$10.07M$6.82M$8.58M$5.75M$7.86M$14.92M$8.60M$6.11M$3.29M$2.39M$2.43M$2.76M$2.96M$3.83M$3.54M$4.00M
Fee Credits-----------$-559.00K$-378.00K$-1.19M$-1.56M$-8.33M

TPG's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Management fees (77.32%), Transaction Fees (10.47%), Expense Reimbursements And Other (9.26%), Monitoring Fees (1.62%), and Incentive Fees (1.32%).

TPG Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22
Management fees$931.29M
Expense Reimbursements And Other$209.38M
Fee Credits$-11.46M
Incentive Fees$5.18M
Transaction Fees$97.91M
Monitoring Fees$14.33M

TPG's latest annual revenue breakdown by geography, as of Dec 22: Management fees (74.70%), Expense Reimbursements And Other (16.80%), Transaction Fees (7.85%), Monitoring Fees (1.15%), Incentive Fees (0.42%), and Fee Credits (-0.92%).

TPG Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
NMRNomura$4.16T$1.17T
CRBGCorebridge Financial$20.46B$5.42B
BAPCredicorp$16.18B$5.10B
NTRSNorthern Trust$14.30B$3.79B
LLoews$13.60B$4.55B
KEYKeyCorp$11.19B$2.73B
RFRegions Financial$9.61B$2.33B
TROWT. Rowe Price Group$7.31B$1.86B
CGCarlyle Group$4.90B$189.60M
TPGTPG$4.67B$496.15M
OWLBlue Owl Capital$2.87B$753.81M

TPG Revenue FAQ

What is TPG’s yearly revenue?

TPG's yearly revenue for 2025 was $4.67B, representing an increase of 77.91% compared to 2024. The company's yearly revenue for 2024 was $2.62B, representing an increase of 41.37% compared to 2023. TPG's yearly revenue for 2023 was $1.86B, representing an increase of 23.35% compared to 2022.

What is TPG’s quarterly revenue?

TPG's quarterly revenue for Q1 2026 was $496.15M, a -66.73% decrease from the previous quarter (Q4 2025), and a -33.25% decrease year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $1.49B, a 77.50% increase from the previous quarter (Q3 2025), and a 100.27% increase year-over-year (Q4 2024). TPG's quarterly revenue for Q3 2025 was $840.04M, a 20.69% increase from the previous quarter (Q2 2025), and a 32.09% increase year-over-year (Q3 2024).

What is TPG’s revenue growth rate?

TPG's revenue growth rate for the last 3 years (2023-2025) was 151.50%, and for the last 5 years (2021-2025) was -16.38%.

What are TPG’s revenue streams?

TPG's revenue streams in c 25 are Incentive Fees, Transaction Fees, Monitoring Fees, Management fees, and Expense Reimbursements And Other. Incentive Fees generated $49.29M in revenue, accounting 2.03% of the company's total revenue, up 49.21% year-over-year. Transaction Fees generated $231.39M in revenue, accounting 9.55% of the company's total revenue, up 64.58% year-over-year. Monitoring Fees generated $29.01M in revenue, accounting 1.20% of the company's total revenue, down -2.07% year-over-year. Management fees generated $1.83B in revenue, accounting 75.34% of the company's total revenue, up 11.50% year-over-year. Expense Reimbursements And Other generated $288.03M in revenue, accounting 11.88% of the company's total revenue, up 17.17% year-over-year.

What is TPG’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of TPG was Management fees. This segment made a revenue of $1.83B, representing 75.34% of the company's total revenue.