NASDAQ$TPG
TPG Inc. · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
TPG Inc. reported an increase in revenue for Q4 2024, reaching $1.08 billion, up from $983.1 million in Q4 2023. Net income declined to $11.1 million compared to $42.4 million in the prior-year quarter. Adjusted EPS decreased to $0.04 from $0.16 in Q4 2023. Fee-related earnings dropped to $190 million from $226 million, while after-tax distributable earnings increased to $261 million from $206 million. Assets under management (AUM) rose to $245.9 billion, reflecting an 11% year-over-year growth.
Headline financials
Revenue & EPS history
TPG · Revenue · Quarterly
$1.08B
Forward guidance
TPG expects continued AUM growth driven by strong fundraising and investment deployment but anticipates margin pressure from rising costs and competitive dynamics.
Tailwinds
- Strong momentum in AUM growth, up 11% year-over-year.
- Increased after-tax distributable earnings, reaching $261 million.
- Stable capital raising activity at $8.8 billion in Q4 2024.
- Expansion in fee-related performance revenues due to investment gains.
- Continued integration of TPG AG expected to drive future synergies.
Headwinds
- Decline in net income from $42.4 million to $11.1 million.
- Lower fee-related earnings due to increased compensation expenses.
- Operating profit margin reduced to 1.0% from 4.3%.
- Higher performance allocation compensation expenses affecting profitability.
- Increased debt obligations, rising to $1.28 billion from $945 million.
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 Q4 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
| 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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