TPG (TPG) Revenue & Revenue Breakdown


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TPG Revenue Highlights


Latest Revenue (Y)

$3.50B

Latest Revenue (Q)

$920.54M

Main Segment (Y)

Management fees

Main Geography (Y)

Management fees

TPG Revenue by Period


TPG Revenue by Year

DateRevenueChange
2024-12-31$3.50B92.60%
2023-12-31$1.82B-4.33%
2022-12-31$1.90B-65.87%
2021-12-31$5.56B147.69%
2020-12-31$2.25B5.14%
2019-12-31$2.14B35.87%
2018-12-31$1.57B-

TPG generated $3.50B in revenue during NA 2024, up 92.60% compared to the previous quarter, and up 163.80% compared to the same period a year ago.

TPG Revenue by Quarter

DateRevenueChange
2025-06-30$920.54M23.84%
2025-03-31$743.33M-0.16%
2024-12-31$744.54M21.23%
2024-09-30$614.16M-17.16%
2024-06-30$741.40M-10.18%
2024-03-31$825.40M-15.97%
2023-12-31$982.26M506.52%
2023-09-30$161.95M-73.42%
2023-06-30$609.39M-7.74%
2023-03-31$660.48M56.44%
2022-12-31$422.19M-24.76%
2022-09-30$561.12M-618.21%
2022-06-30$-108.28M-109.75%
2022-03-31$1.11B-1.85%
2021-12-31$1.13B52.64%
2021-09-30$741.34M-68.27%
2021-06-30$2.34B72.45%
2021-03-31$1.35B1.53%
2020-12-31$1.33B-

TPG generated $920.54M in revenue during Q2 2025, up 23.84% compared to the previous quarter, and up 111.53% compared to the same period a year ago.

TPG Revenue Breakdown


TPG Revenue Breakdown by Product

Annual Revenue by Product

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

TPG's latest annual revenue breakdown by segment (product or service), as of Dec 24: Management fees (78.48%), Expense Reimbursements And Other (11.78%), Transaction Fees (6.74%), Incentive Fees (1.58%), and Monitoring Fees (1.42%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Incentive Fees$6.77M$6.20M$23.60M$5.56M$3.88M---$350.00K$4.83M---
Expense Reimbursements And Other$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
Transaction Fees$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
Monitoring Fees$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
Management fees$452.53M$418.95M$819.80M$410.77M$407.42M$399.92M$278.96M$258.50M$250.56M$249.90M$253.84M$222.74M$204.81M
Fee Credits--------$-559.00K$-378.00K$-1.19M$-1.56M$-8.33M

TPG's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Management fees (79.52%), Expense Reimbursements And Other (12.20%), Transaction Fees (6.08%), Incentive Fees (1.19%), and Monitoring Fees (1.01%).

TPG Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22
Transaction Fees$97.91M
Expense Reimbursements And Other$209.38M
Fee Credits$-11.46M
Incentive Fees$5.18M
Management fees$931.29M
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
KKRKKR$21.88B$5.09B
CGCarlyle Group$5.43B$1.62B
ARESAres Management$3.88B$1.52B
TPGTPG$3.50B$920.54M
OWLBlue Owl Capital$2.30B$703.11M
STEPStepStone Group$711.63M$377.73M
HLNEHamilton Lane$553.84M$175.96M
CRBGCorebridge Financial-$2.74B

TPG Revenue FAQ


What is TPG’s yearly revenue?

TPG's yearly revenue for 2024 was $3.5B, representing an increase of 92.60% compared to 2023. The company's yearly revenue for 2023 was $1.82B, representing a decrease of -4.33% compared to 2022. TPG's yearly revenue for 2022 was $1.9B, representing a decrease of -65.87% compared to 2021.

What is TPG’s quarterly revenue?

TPG's quarterly revenue for Q2 2025 was $920.54M, a 23.84% increase from the previous quarter (Q1 2025), and a 24.16% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $743.33M, a -0.16% decrease from the previous quarter (Q4 2024), and a -9.94% decrease year-over-year (Q1 2024). TPG's quarterly revenue for Q4 2024 was $744.54M, a 21.23% increase from the previous quarter (Q3 2024), and a -24.20% decrease year-over-year (Q4 2023).

What is TPG’s revenue growth rate?

TPG's revenue growth rate for the last 3 years (2022-2024) was 84.27%, and for the last 5 years (2020-2024) was 55.80%.

What are TPG’s revenue streams?

TPG's revenue streams in c 24 are Management fees, Monitoring Fees, Transaction Fees, Expense Reimbursements And Other, and Incentive Fees. Management fees generated $1.64B in revenue, accounting 78.48% of the company's total revenue, up 37.88% year-over-year. Monitoring Fees generated $29.62M in revenue, accounting 1.42% of the company's total revenue, up 172.64% year-over-year. Transaction Fees generated $140.6M in revenue, accounting 6.74% of the company's total revenue, up 41.41% year-over-year. Expense Reimbursements And Other generated $245.83M in revenue, accounting 11.78% of the company's total revenue, up 5.25% year-over-year. Incentive Fees generated $33.03M in revenue, accounting 1.58% of the company's total revenue, up 1073.43% year-over-year.

What is TPG’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of TPG was Management fees. This segment made a revenue of $1.64B, representing 78.48% of the company's total revenue.