Financials in USD. Standardized financial statements.
A compact view of how TPG Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $4.67B | $2.62B | $1.86B | $1.50B | $5.58B | $2.27B | $2.15B | $1.58B |
| Revenue Growth? | +77.9% | +41.4% | +23.3% | -73.0% | +146.3% | +5.2% | +36.0% | 0.0% |
| Cost of Revenue? | $144.54M | $87.51M | $38.53M | $21.61M | $17.03M | $19.71M | $17.80M | $11.42M |
| Gross Profit? | $4.52B | $2.54B | $1.82B | $1.48B | $5.56B | $2.25B | $2.14B | $1.57B |
| Gross Margin? | +96.9% | +96.7% | +97.9% | +98.6% | +99.7% | +99.1% | +99.2% | +99.3% |
| Operating Expenses? | $3.84B | $2.56B | $1.73B | $1.51B | $899.53M | $797.84M | $950.68M | $853.66M |
| Operating Income? | $685.07M | -$24.82M | $83.65M | -$23.75M | $4.67B | $1.45B | $1.19B | $719.08M |
| EBITDA? | $825.55M | $110.56M | $131.33M | $9.24M | $4.69B | $1.46B | $1.20B | $730.29M |
| Income Before Tax | $666.58M | -$24.82M | $83.65M | -$23.75M | $4.67B | $1.45B | $1.19B | $719.08M |
| Income Tax Expense | $66.99M | $52.09M | $60.27M | $32.48M | $9.04M | $9.78M | $5.69M | $8.21M |
| Net Income? | $184.59M | $23.48M | $80.09M | $92.43M | $2.18B | $927.58M | $480.51M | $264.54M |
| EPS? | $1.33 | $0.23 | $0.89 | $1.10 | $65.75 | $20.84 | $17.10 | $3.42 |
| Diluted EPS? | $1.21 | $0.06 | $0.22 | $-0.19 | $65.75 | $20.84 | $17.10 | $3.42 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality