TPG profit margin TPG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2023.
- Net margin, 12 months
- 4.7%
- Operating margin, 12 months
- 15.5%
- Net margin on a year earlier
- +3.1 pts
- Peer median
- 14.6%
Over the twelve months to Jun 30, 2026, TPG kept 4.7% of its revenue as net profit, with an operating margin of 15.5%.
The median for 10 asset managers of a similar size is 14.6%.
Profit margin over time
OperatingNet
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 4.0% | 14.7% |
| FY2024 | 0.7% | 0.3% |
| FY2023 | 3.4% | 2.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 4.7% | +3.1 pts | 15.5% | |
| Q1 FY26 | 3.8% | +2.9 pts | 11.1% | |
| Q4 FY25 | 4.0% | +3.3 pts | 14.7% | |
| Q3 FY25 | 2.8% | +2.1 pts | 9.2% | |
| Q2 FY25 | 1.6% | +0.5 pts | 4.6% | |
| Q1 FY25 | 0.9% | −1.8 pts | 3.0% | |
| Q4 FY24 | 0.7% | −2.7 pts | 0.3% | |
| Q3 FY24 | 0.7% | n/a | 2.4% | |
| Q2 FY24 | 1.1% | n/a | −0.6% | |
| Q1 FY24 | 2.7% | n/a | 1.6% | |
| Q4 FY23 | 3.4% | n/a | 2.3% | |
| Q3 FY23 | n/a | n/a | 0.0% |
Against its peers
Companies in Asset Management nearest TPG's size, closest first, today.
| Company | Profit margin |
|---|---|
| TPGTPG | 4.7% |
| BENFranklin Resources | 8.7% |
| OWLBlue OWL Capital | 2.7% |
| CGCarlyle | 10.1% |
| TROWT. Rowe Price | 29.3% |
| PFGPrincipal Financial | 9.9% |
| AMGAffiliated Managers | 37.7% |
| RJFRaymond James Financial | 13.6% |
| EVREvercore | 15.7% |
| NTRSNorthern Trust | 24.8% |
| HLIHoulihan Lokey | 16.1% |
| Peer median | 14.6% |
Where TPG ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on TPG
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.