TPG Inc. Reports Q3 2026 Financial Results and Declares $0.55 Dividend

Overview

On October 29, 2026, TPG Inc. (NASDAQ: TPG) filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits), reporting its unaudited financial and operating results for the third quarter ended September 30, 2026.

Key Financial Highlights

• GAAP Total Revenues: $1,221.1 million for 3Q 2026, compared to $1,223.5 million for 3Q 2025.
• GAAP Net Income: $263.8 million ($99.6 million attributable to TPG Inc.), compared to $199.2 million ($67.1 million attributable to TPG Inc.) in 3Q 2025.
• Diluted EPS: $0.41 per share, up from $0.20 per share in 3Q 2025.
• Fee-Related Revenues (FRR): $638.1 million, up 25% compared to $509.4 million in 3Q 2025.
• Fee-Related Earnings (FRE): $321.4 million (50% FRE margin), up 43% from $225.0 million (44% margin) in 3Q 2025.
• After-Tax Distributable Earnings (After-tax DE): $264.8 million ($0.65 per share), up 24% compared to $214.4 million ($0.53 per share) in 3Q 2025.

Operational & Balance Sheet Metrics

• Assets Under Management (AUM): $345.7 billion, up 21% year-over-year from $286.4 billion.
• Fee-Earning AUM (FAUM): $189.5 billion, up 16% year-over-year from $163.0 billion.
• Capital Raised: $15.2 billion in 3Q 2026 ($41.6 billion YTD), pacing ahead toward the firm's $50 billion full-year target.
• Available Capital (Dry Powder): $85.6 billion.
• Balance Sheet Cash & Debt: Cash and cash equivalents stood at $112 million on a non-GAAP basis ($799.8 million GAAP consolidated). Total debt obligations were $2.28 billion carrying value.

Dividend Declaration

• Dividend: $0.55 per share of Class A common stock.
• Record Date: November 9, 2026.
• Payment Date: November 23, 2026.