TPG Inc - Ordinary Shares - Class A
TPG - Insider Information
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+ FollowMarket Cap$8.59B
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Earnings Call Q2 2026
August 4, 2026 - AI Summary
Strong quarter + margin delivery (and some help from timing): Q2 GAAP net income attributable to TPG Inc. was $93m; after-tax distributable earnings (ATDE) $280m ($0.69/share). Fee-related revenue rose 27% YoY to $628m, helped by management fees up 15% YoY and a second-highest-ever quarter for transaction & monitoring fees. Fee-related earnings (FRE) rose 43% YoY to $350m (reported $315m in Q2) for 50% FRE margin—with management saying this was elevated due to the transaction/monitoring fee “pull-forward”.
Near-term outlook: transaction fees likely step down; FRE margin guidance remains solid: Management expects transaction & monitoring fees to step down in Q3 (because some closes were pulled forward from Q3). Despite that, TPG expects ~47% FRE margin for full-year 2026 with expansion over time driven by scale + operating leverage.
Capital raising/capital deployment momentum (big opportunity): Raised $16b in Q2; >$26b YTD; management reaffirms confidence to raise >$50b in 2026 (robust pipeline despite market headwinds). By strategy: Private equity $8b in Q2 (+39% YoY); Market Solutions $1b first close for its 11th Peppertree fund (expect fund size +25%); Credit $5.6b in Q2 including $2.5b from the Jackson partnership (total $4.5b since Feb). Deployment also strong: invested ~$14b in Q2 (+33% YoY); $62b over last 12 months (record).
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$100.42
100.2% upside
Current Fair Value
100.2% upsideUndervalued by 100.2% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $8.59 Billion |
|---|---|
| Enterprise Value | $10.63 Billion |
| Annual dividend | $2.24 |
| Dividend yield | 4.80% |
| Earnings per Share | $1.33 |
| Beta | 1.47 |
| Outstanding Shares | 171,184,988 |
Return
| Return on Equity | 3.93% |
|---|---|
| Return on Assets | 1.05% |
| Return on Invested Capital | 7.23% |
Valuation & Multiples
| P/E Ratio | 31.76 |
|---|---|
| PEG | -63.52 |
| Price to Sales | 1.67 |
| Price to Book Ratio | 2.39 |
| Enterprise Value to Revenue | 2.05 |
| Enterprise Value to EBIT | 10.99 |
| Enterprise Value to Net Income | 72 |
| Total Debt to Enterprise | 0.28 |
| Debt to Equity | 0.8 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 3, 2026
EPS Estimate
$0.70
Consensus analyst estimateRevenue Estimate
$633.09 M
Consensus analyst estimateNext Earnings Call
Expected Date
February 4, 2027
EPS Estimate
$0.77
Consensus analyst estimateRevenue Estimate
$736.62 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 693.29% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 6,100▼ 99.83% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 6.90%▼ 82.04% |
|---|---|
| Total Invested | $501.21M▼ 91.49% |
| Investors Holding | 88▼ 303.00% |