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

TPG (NASDAQ:TPG) issued 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. TPG had a return on equity of 29.24% and a net margin of 5.32%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $624.66 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. TPG’s revenue for the quarter was up 25.3% on a year-over-year basis.

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 Price Performance

Shares of NASDAQ TPG opened at $46.68 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a fifty day moving average of $47.00 and a 200 day moving average of $45.88. The firm has a market cap of $17.94 billion, a PE ratio of 53.66, a PEG ratio of 0.90 and a beta of 1.49. TPG has a one year low of $36.95 and a one year high of $70.38.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, November 9th. This is a drop from TPG’s previous quarterly dividend of $0.59. TPG’s payout ratio is presently 357.58%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TPG. TD Cowen raised their price target on shares of TPG from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group upped their price objective on shares of TPG from $59.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley cut their price objective on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $62.00 price target on shares of TPG in a report on Wednesday, August 5th. Finally, Barclays raised their target price on TPG from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.07.

More TPG News

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Analysts raised targets: TD Cowen, RBC, Wells Fargo and Barclays all increased their price targets, with ratings ranging from “equal weight” to “buy” and “outperform.” The new targets imply approximately 11% to 46% upside, supporting the bullish case for TPG. TD Cowen analyst action
• Positive Sentiment: Quarterly earnings exceeded expectations: TPG reported third-quarter EPS of $0.65 versus the $0.63 consensus estimate. Revenue reached $1.22 billion, up 25.3% year over year and well above the reported $624.7 million estimate, while EPS increased from $0.53 a year earlier. TPG Q3 earnings report
• Positive Sentiment: Fundraising outlook remains strong: TPG reportedly expects to raise a record $55 billion this year, which could expand fee-generating assets and improve long-term earnings visibility. TPG fundraising outlook
• Neutral Sentiment: TPG is reportedly considering a roughly $5 billion acquisition of Ark Data Centres and has launched a $10 billion climate fund. These initiatives could create new growth opportunities but also involve significant capital deployment and execution risk. TPG Ark Data Centres talks
• Negative Sentiment: Dividend was reduced: TPG declared a quarterly dividend of $0.55 per share, down 6.8% from $0.59 previously. The cut may concern income-focused investors despite the approximately 4.6% indicated yield. TPG dividend announcement

About TPG

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.