v3.26.3
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Fees and other $ 712,743 $ 596,499 $ 2,037,734 $ 1,709,028
Capital allocation-based income 508,369 627,018 1,524,808 1,469,902
Total revenues 1,221,112 1,223,517 3,562,542 3,178,930
Compensation and benefits:        
Cash-based compensation and benefits 239,375 213,966 713,588 646,157
Equity-based compensation 213,632 158,382 700,498 573,836
Performance allocation compensation 334,553 419,420 1,045,070 951,562
Total compensation and benefits 787,560 791,768 2,459,156 2,171,555
General, administrative and other 172,443 166,198 494,741 512,844
Depreciation and amortization 40,327 41,035 123,420 103,225
Interest expense 35,484 32,322 104,441 81,690
Total expenses 1,035,814 1,031,323 3,181,758 2,869,314
Investment income (loss)        
Net gains (losses) from investment activities 120,991 212 110,807 (2,666)
Interest, dividends and other 15,590 35,730 45,579 54,700
Total investment income 136,581 35,942 156,386 52,034
Income before income taxes 321,879 228,136 537,170 361,650
Income tax expense 58,034 28,906 76,928 44,481
Net income 263,845 199,230 460,242 317,169
Net income attributable to non-controlling interests 164,211 132,090 268,635 209,695
Net income attributable to TPG Inc. $ 99,634 $ 67,140 $ 191,607 $ 107,474
Net income available to Class A common stock per share        
Basic (in usd per share) $ 0.45 $ 0.33 $ 0.82 $ 0.43
Diluted (in usd per share) $ 0.41 $ 0.20 $ 0.58 $ 0.15
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 171,184,988 150,527,419 165,205,826 133,901,421
Diluted (in shares) 385,665,619 378,345,947 384,955,522 372,649,226