NASDAQ$TPG

TPG Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

TPG reported strong Q3 2024 results, driven by broad-based momentum across the firm and the successful integration of Angelo Gordon.

TPG reported Q3 2024 results with $239 billion in assets under management, a 76% increase year-over-year. The firm deployed nearly $23 billion of capital, generated realizations of almost $16 billion, and raised more than $21 billion across its strategies through the first three quarters of the year. GAAP net income attributable to TPG Inc. was $9 million, with basic net income per share of $0.04. Fee-Related Earnings increased by 22% year-over-year to $191 million, resulting in a Fee-Related Earnings margin of 41%. After-tax Distributable Earnings were $189 million, or $0.45 per share.

  • Total assets under management reached $239 billion, a 76% increase compared to the previous year.
  • GAAP net income attributable to TPG Inc. was $9 million, with basic net income per share of $0.04.
  • Fee-Related Earnings increased by 22% year-over-year to $191 million, with a 41% margin.
  • After-tax Distributable Earnings were $189 million, or $0.45 per share.

Headline financials

Total Revenue

$855M

Previous: $160M+433.4%
EPS

-$0.08

Previous: $0.56-114.3%
Available Capital

$58.4B

No prior period
Capital Expenditures

-$10.6M

Previous: -$5.59M-89.0%
Free Cash Flow

$8.96M

Previous: $14.7M-38.9%
Net Income

$8.96M

Previous: $14.7M-38.9%
Operating Income

-$11.7M

Previous: -$95.9M+87.8%
Gross Profit

$855M

Previous: $160M+433.4%
Cash & Equivalents

$1.16B

Previous: $1.22B-4.9%
Total Assets

$10.5B

Previous: $7.38B+42.5%

Revenue & EPS history

TPG · Revenue · Quarterly

$855M

Q3 2024+433.4%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

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 2024

Historical avgQ3 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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