v3.26.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Fees and other $ 704,969 $ 569,074 $ 1,324,991 $ 1,112,529
Capital allocation-based income 1,136,455 351,463 1,016,439 842,884
Total revenues 1,841,424 920,537 2,341,430 1,955,413
Compensation and benefits:        
Cash-based compensation and benefits 237,025 208,621 474,213 432,191
Equity-based compensation 231,730 209,622 486,866 415,454
Performance allocation compensation 776,665 233,437 710,517 532,142
Total compensation and benefits 1,245,420 651,680 1,671,596 1,379,787
General, administrative and other 174,357 182,335 322,298 346,646
Depreciation and amortization 41,342 30,808 83,093 62,190
Interest expense 36,219 25,308 68,957 49,368
Total expenses 1,497,338 890,131 2,145,944 1,837,991
Investment income (loss)        
Net losses from investment activities (9,053) (791) (10,184) (2,878)
Interest, dividends and other 20,981 9,722 29,989 18,970
Total investment income 11,928 8,931 19,805 16,092
Income before income taxes 356,014 39,337 215,291 133,514
Income tax expense 36,342 9,226 18,894 15,575
Net income 319,672 30,111 196,397 117,939
Net income attributable to non-controlling interests 226,246 15,170 104,424 77,605
Net income attributable to TPG Inc. $ 93,426 $ 14,941 $ 91,973 $ 40,334
Net income (loss) available to Class A common stock per share        
Basic (in usd per share) $ 0.44 $ 0.03 $ 0.38 $ 0.10
Diluted (in usd per share) $ 0.39 $ (0.05) $ 0.17 $ (0.05)
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 164,670,334 133,404,634 162,166,694 125,450,638
Diluted (in shares) 385,468,150 370,142,783 384,594,589 369,753,038