NASDAQ$TPG
TPG Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported an increase in assets under management and fee-related earnings, demonstrating the strength of the business model.
TPG reported GAAP net income attributable to TPG Inc. of $27 million for the second quarter ended June 30, 2023. Fee-Related Earnings increased by 23% year-over-year to $125 million, resulting in a Fee-Related Earnings margin of 44%. Total assets under management reached $139 billion as of June 30, 2023, a 9% increase compared to the previous year.
- Assets under management increased to $139 billion as of June 30, 2023, a 9% increase year-over-year.
- GAAP net income attributable to TPG Inc. was $27 million for the second quarter ended June 30, 2023.
- Fee-Related Earnings increased by 23% year-over-year to $125 million, with a Fee-Related Earnings margin of 44%.
- After-tax Distributable Earnings were $96 million, or $0.26 per share of Class A common stock, for the second quarter ended June 30, 2023.
Headline financials
Revenue & EPS history
TPG · Revenue · Quarterly
$603M
Forward guidance
This press release contains forward-looking statements regarding the company's future business and financial performance, which are subject to risks and uncertainties.
Headwinds
- The inability to complete and recognize the anticipated benefits of the acquisition of Angelo, Gordon & Co., L.P. and AG Funds L.P. 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 Q2 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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