TPG · XBRL financial data

TPG financial statements, every fiscal year

The same tables from 4 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TPG's year ends in late December)

In millions of dollars	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2,003	2,390	3,500	4,670
Revenue from contracts with customers	1,247	1,535	2,087	2,424
General and administrative	369	483	584	702
Total operating expenses	1,945	2,364	3,578	4,094
Interest expense	19	32	77	102
Income tax expense (benefit)	32	60	52	67
Net income (loss)	92	80	23	185
Earnings per share, basic USD per share	1.10	0.89	0.00	0.89
Earnings per share, diluted USD per share	(0.19)	(0.04)	(0.42)	0.45
Weighted average shares, basic millions of shares	79	80	100	139
Weighted average shares, diluted millions of shares	309	318	365	374

Fiscal years (TPG's year ends in late December)

In millions of dollars	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,107	665	808	826
Property and equipment, net	24	82	89	99
Right-of-use asset	130	228	209	552
Goodwill	230	436	436	498
Total assets	7,942	9,370	10,535	13,493
Total liabilities	4,202	6,009	6,943	9,357
Retained earnings (accumulated deficit)	3	(35)	(187)	(292)
Total liabilities and equity	7,942	9,370	10,535	13,493

Fiscal years (TPG's year ends in late December)

In millions of dollars	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	92	80	23	185
Depreciation and amortization	33	48	135	145
Net cash from operating activities	1,376	721	532	1,032
Net cash from investing activities	(3)	(374)	(44)	(264)
Proceeds from issuing common stock	50	0	0	—
Net cash from financing activities	(1,238)	(789)	(345)	(750)
Net change in cash	135	(442)	143	18

SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
TPG	800	713	249*	not reported	—	Q3 FY26 10-QSep 30, 2026
Morningstar	497	672	191*	37.1M	—	Q3 FY26 10-QSep 30, 2026
Janus Henderson Group	1,381	not reported	235	154.1M	—	Q1 FY26 10-QMar 31, 2026
Franklin Templeton	3,761	2,358	581*	508.1M	—	Q3 FY26 10-QJun 30, 2026
Invesco	966	1,873	475*	439.5M	—	Q3 FY26 10-QSep 30, 2026
Hamilton Lane	348	204	28*	not reported	—	Q2 FY27 10-QSep 30, 2026
Affiliated Managers Group	411	641	239*	25.9M	—	Q2 FY26 10-QJun 30, 2026
StepStone Group	703	379	(458)	not reported	1.5 quarters	Q1 FY27 10-QJun 30, 2026
Evercore	1,257	998	526*	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.