NASDAQ$TPG
TPG Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter 2023 results, demonstrating the durability of their fee-related earnings-centric business model and announcing the strategic acquisition of Angelo Gordon.
TPG reported its first quarter 2023 results, with $137 billion in assets under management, a net income of $25 million, and Fee-Related Earnings of $99 million. They also announced the acquisition of Angelo Gordon.
- Total assets under management of $137 billion as of March 31, 2023, an increase of 14% compared to March 31, 2022.
- GAAP net income attributable to TPG Inc. of $25 million for the first quarter ended March 31, 2023, with basic net income per share to Class A common stock of $0.27
- Fee-Related Earnings of $99 million for the first quarter ended March 31, 2023, resulting in a Fee-Related Earnings margin of 37%
- After-tax Distributable Earnings of $88 million (or $0.24 per share of Class A common stock) for the first quarter ended March 31, 2023
Headline financials
Revenue & EPS history
TPG · Revenue · Quarterly
$643M
Forward guidance
TPG is well-positioned to deploy capital across its core sectors and themes in an increasingly favorable environment, with a near record $43 billion of dry powder and a growing pipeline of attractive investment opportunities. The acquisition of Angelo Gordon unlocks new avenues for growth, product innovation, and client engagement.
Headwinds
- The inability to complete and recognize the anticipated benefits of the acquisition of Angelo Gordon on the anticipated timeline or at all.
- Purchase price adjustments
- Unexpected costs related to the transaction and the integration of the Angelo Gordon business and operations
- Our ability to manage growth and execute our business plan
- Regional, national or global political, economic, business, competitive, market and regulatory conditions, among various other risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2023
+0.9%
Avg return
Earnings day
+2.6%
Avg return
5 days after
-0.9%
Avg return
30 days after
53%
9 / 17 earnings
Positive
+25.6%
Q3 2022
Best reaction
-7.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | +3.2% | -2.4% | |
| Q4 2025 | -4.5% | -5.4% | -23.2% | |
| Q3 2025 | -2.6% | +0.6% | +11.0% | |
| Q1 2025 | +0.2% | +13.7% | +8.8% | |
| Q4 2024 | -2.5% | -4.8% | -25.4% | |
| Q3 2024 | -7.7% | +0.4% | +5.8% | |
| Q2 2024 | +1.5% | +7.2% | +15.6% | |
| Q1 2024 | -4.6% | -5.9% | -12.2% | |
| Q4 2023 | -3.9% | -4.9% | -2.2% | |
| Q3 2023 | +6.2% | +7.5% | +25.7% | |
| Q2 2023 | -7.8% | -7.7% | -3.6% | |
| Q1 2023 | +0.3% | -1.7% | +8.2% | |
| Q4 2022 | +2.0% | +3.1% | -16.6% | |
| Q3 2022 | +25.6% | +19.0% | -1.5% | |
| Q2 2022 | +6.5% | +7.2% | +2.3% | |
| Q1 2022 | +3.2% | +9.8% | +9.4% | |
| Q4 2021 | +4.2% | +2.9% | -14.3% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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