NASDAQ$TPG

TPG Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong financial results driven by resilience amid market volatility, with significant growth in management fees, operating margins, and fee-related earnings.

TPG reported a GAAP net income of $37 million and Fee-Related Earnings of $121 million. The total AUM reached $135 billion, a 24% increase year-over-year, driven by strong fundraising activity. The company announced a dividend of $0.26 per share of Class A common stock.

  • Total assets under management reached $135 billion, a 24% increase compared to the previous year.
  • GAAP net income attributable to TPG Inc. was $37 million.
  • Fee-Related Earnings were $121 million, resulting in a Fee-Related Earnings margin of 43%.
  • After-tax Distributable Earnings were $113 million, or $0.30 per share of Class A common stock.

Headline financials

Total Revenue

$561M

Previous: $741M-24.3%
EPS (adj)

$0.30

Previous: $6.73-95.5%
Free Cash Flow

$37.4M

No prior period
Net Income

$37.4M

Previous: $520M-92.8%
Operating Income

$42.5M

Previous: $522M-91.9%
Gross Profit

$561M

Previous: $605M-7.3%
Cash & Equivalents

$1.05B

No prior period
Total Assets

$8.6B

No prior period

Revenue & EPS history

TPG · Revenue · Quarterly

$561M

Q3 2022-24.3%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

TPG is well-positioned to continue executing on high quality opportunities in its core thematic areas, with a record $46 billion of capital available for investment.

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 Q3 2022

Historical avgQ3 2022

+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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