NASDAQ$TPG

TPG Inc. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

TPG reported mixed results for Q2 2024, with a net loss but growth in fee-related earnings and AUM.

TPG reported a net loss of $14 million for the second quarter of 2024, but experienced growth in assets under management and fee-related earnings. AUM increased significantly year-over-year, and fee-related earnings also saw substantial growth.

  • Total assets under management reached $229 billion, a 65% increase year-over-year.
  • GAAP net loss attributable to TPG Inc. was $14 million, with a net loss per share of $0.15.
  • Fee-Related Earnings increased by 60% year-over-year to $201 million, with a Fee-Related Earnings margin of 44%.
  • After-tax Distributable Earnings were $207 million, or $0.49 per share of Class A common stock.

Headline financials

Total Revenue

$744M

Previous: $603M+23.4%
EPS

-$0.19

Previous: $0.26-173.1%
Capital Expenditures

-$6.45M

No prior period
Free Cash Flow

-$14M

Previous: $27.2M-151.4%
Net Income

-$14M

Previous: $27.2M-151.4%
Operating Income

-$32.4M

Previous: $38.5M-183.9%
Gross Profit

$744M

Previous: $603M+23.4%
Cash & Equivalents

$1.12B

Previous: $894M+25.5%
Total Assets

$10.1B

Previous: $7.77B+29.6%

Revenue & EPS history

TPG · Revenue · Quarterly

$744M

Q2 2024+23.4%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The company's forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. TPG cautions against relying on these statements and undertakes no obligation to update them.

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 2024

Historical avgQ2 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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