TPG announces Q3 earnings per share of 20 cents compared to a loss of 8 cents last year.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2025
0mins
Should l Buy TPG?
Q3 Revenue Growth: TPG reported a Q3 revenue of $1.22 billion, a significant increase from $855.4 million in the same period last year.
Capital Formation and Deployment: The firm raised over $18 billion in capital during the quarter and deployed nearly $15 billion, marking a 70% year-over-year increase in investment activity.
CEO's Statement: Jon Winkelried, CEO, highlighted the strong performance driven by robust capital formation and a record quarter for deployment, emphasizing the firm's diversified investment strategy.
Future Outlook: TPG's scale and diversification are expected to support accelerated growth and long-term value for shareholders as they approach the end of 2025.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TPG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TPG
Wall Street analysts forecast TPG stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 46.900
Low
55.00
Averages
70.10
High
82.00
Current: 46.900
Low
55.00
Averages
70.10
High
82.00
About TPG
TPG Inc. is an alternative asset management company. The Company invests in a diversified set of strategies, including private equity, impact, credit, real estate, and market solutions. It consists of multi-strategy investment platforms: Capital, Growth, Impact, TPG Angelo Gordon, Real Estate, and Market Solutions. Its Capital platform focuses on control-oriented private equity investments. Its Capital platform products include TPG Capital, and TPG Healthcare Partners. Its Growth platform products include TPG Growth and TPG Digital Media. Its Impact platform products include The Rise Funds and TPG NEXT. Its TPG Angelo Gordon platform products include TPG AG Credit Solutions and TPG AG Net Lease. Its Real Estate platform products include TPG Real Estate Partners and Real Estate Credit. Its Market Solutions products include Public Market Investing and Capital Markets. Its TPG Peppertree focuses on wireless communications towers and related critical communications assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TPG RE Finance Trust Reports 2025 Operating Results
- Loan Commitment Growth: In 2025, TPG RE Finance Trust originated total loan commitments of $1.9 billion, with fourth-quarter commitments reaching $927 million, demonstrating the company's success in its asset management strategy and enhancing its competitive position in the market.
- Dividends and Earnings: The company declared cash dividends of $77.9 million in 2025, equating to $0.96 per share, representing an annualized yield of 11.1%, indicating stability in profitability and shareholder returns.
- Stock Buyback Program: TPG RE repurchased 3,200,576 shares of common stock for a total of $25.3 million in 2025, increasing book value per share by $0.13, reflecting the company's confidence in its stock value.
- Strong Liquidity Position: As of December 31, 2025, the company reported $143 million in near-term liquidity, ensuring financial flexibility for future investments and operations, further solidifying its market position.
See More
Xerox Forms Joint Venture with TPG to Enhance Growth
- Joint Venture Formation: Xerox has established a joint venture with global asset management firm TPG, raising $450 million in senior secured loans and preferred equity to enhance liquidity and accelerate the integration of Lexmark, ensuring flexibility in the company's capital structure.
- Intellectual Property Management: The new joint venture will serve as an intellectual property holding and licensing entity, managing and monetizing key Xerox IP assets while ensuring the company retains full use of its trademark and IP globally, preventing any disruption to client operations.
- Financial Outlook: Xerox anticipates over $200 million in operating income growth by 2026, indicating that the joint venture will unlock additional value and support its long-term strategic goals, despite the stock price being 63% lower than its 52-week high.
- Market Performance Analysis: Xerox shares are currently trading at $2.01, which is 7.5% below the 20-day simple moving average, indicating a bearish trend in the short term, with analysts maintaining a Hold rating and a price target of $19.07.
See More
TPG Mortgage Investment Trust Reports Strong 2025 Financial Results
- Strong Financial Performance: TPG Mortgage Investment Trust achieved over 42% total return in 2025, driven by 10 successful securitizations and a 21% increase in dividends throughout the year, demonstrating the company's robust market performance and ongoing shareholder value creation.
- Earnings Per Share Growth: The company reported a net income of $0.90 per share and earnings available for distribution of $0.86 per share in 2025, reflecting a 13.3% and 9.5% increase over 2024, respectively, indicating effective profitability and cash flow management.
- Investment Portfolio Expansion: As of December 31, 2025, TPG's investment portfolio reached $8.5 billion, with a $50 million investment in Arc Home, showcasing the company's proactive positioning in the residential mortgage market and future growth potential.
- Liquidity and Leverage Management: The company reported total liquidity of $108.7 million at the end of 2025, with a GAAP leverage ratio of 14.4x and an economic leverage ratio of 1.6x, indicating a robust strategy in risk management and capital structure.
See More
TPG Inc. Dividend and Options Analysis
- Dividend Expectation Analysis: TPG Inc.'s latest dividend expectation stands at an annualized yield of 4.5%, based on historical profitability fluctuations, indicating potential sustainability that impacts investor return expectations.
- Trading History Review: TPG's trailing twelve-month trading history shows a current stock price of $54.87, and with a strike price of $62.50, investors must assess the risk-reward of selling covered calls, especially with a volatility of 43%.
- Options Market Dynamics: On Monday, the put volume among S&P 500 components reached 1.19 million contracts, while call volume was at 2.27 million, resulting in a put-call ratio of 0.52, indicating a preference for calls that may reflect investor optimism about TPG's future performance.
- Options Trading Strategy: Given the current options market dynamics, investors can analyze various expiration dates for options contracts to identify optimal trading opportunities, thereby enhancing the risk-reward profile of their investment portfolios.
See More
Major Wall Street Rating Updates on Monday
- Robinhood Upgrade: Wolfe upgraded Robinhood from Peer Perform to Outperform to capitalize on the recent selloff due to deteriorating sentiment in the crypto ecosystem, indicating that investors should seize the buying opportunity.
- Bullish on TeraWulf and Cipher Mining: Morgan Stanley initiated coverage on TeraWulf and Cipher Mining with an Overweight rating, citing significant upside potential from attractive valuations in the bitcoin mining sector.
- Timken's New CEO Drives Growth: KeyBanc upgraded Timken from Sector Weight to Overweight with a $130 price target, primarily based on expectations that new CEO Lucian Boldea will enhance organic growth initiatives and improve margins.
- Align Technologies Brand Strength: HSBC upgraded Align Technologies from Hold to Buy, emphasizing that its strong brand presence and R&D culture are key long-term growth drivers in the orthodontics market.
See More
Private Credit Markets Face AI Disruption Risks
- Increased Pressure on Software Sector: The introduction of new AI tools by Anthropic has triggered a sell-off in software data provider shares, intensifying uncertainty in the private credit market, particularly regarding lending risks to software companies.
- Decline in Asset Management Stocks: Ares Management fell over 12%, Blue Owl Capital dropped more than 8%, and KKR and TPG saw declines of nearly 10% and 7%, respectively, reflecting investor concerns about AI's potential impact on cash flows and default risks.
- Rising Default Risks: UBS Group has warned that in an aggressive disruption scenario, default rates in U.S. private credit could rise to 13%, significantly higher than the projected stress for leveraged loans and high-yield bonds, estimated at 8% and 4%, respectively.
- Liquidity Issues Intensified: Although strains in private credit predate AI concerns, Jeffrey C. Hooke noted that existing liquidity and loan extension issues have been exacerbated by recent developments, adding new challenges to an already pressured sector.
See More
TPG RE Finance Trust Reports 2025 Operating Results
- Loan Commitment Growth: In 2025, TPG RE Finance Trust originated total loan commitments of $1.9 billion, with fourth-quarter commitments reaching $927 million, demonstrating the company's success in its asset management strategy and enhancing its competitive position in the market.
- Dividends and Earnings: The company declared cash dividends of $77.9 million in 2025, equating to $0.96 per share, representing an annualized yield of 11.1%, indicating stability in profitability and shareholder returns.
- Stock Buyback Program: TPG RE repurchased 3,200,576 shares of common stock for a total of $25.3 million in 2025, increasing book value per share by $0.13, reflecting the company's confidence in its stock value.
- Strong Liquidity Position: As of December 31, 2025, the company reported $143 million in near-term liquidity, ensuring financial flexibility for future investments and operations, further solidifying its market position.
See More
Xerox Forms Joint Venture with TPG to Enhance Growth
- Joint Venture Formation: Xerox has established a joint venture with global asset management firm TPG, raising $450 million in senior secured loans and preferred equity to enhance liquidity and accelerate the integration of Lexmark, ensuring flexibility in the company's capital structure.
- Intellectual Property Management: The new joint venture will serve as an intellectual property holding and licensing entity, managing and monetizing key Xerox IP assets while ensuring the company retains full use of its trademark and IP globally, preventing any disruption to client operations.
- Financial Outlook: Xerox anticipates over $200 million in operating income growth by 2026, indicating that the joint venture will unlock additional value and support its long-term strategic goals, despite the stock price being 63% lower than its 52-week high.
- Market Performance Analysis: Xerox shares are currently trading at $2.01, which is 7.5% below the 20-day simple moving average, indicating a bearish trend in the short term, with analysts maintaining a Hold rating and a price target of $19.07.
See More
TPG Mortgage Investment Trust Reports Strong 2025 Financial Results
- Strong Financial Performance: TPG Mortgage Investment Trust achieved over 42% total return in 2025, driven by 10 successful securitizations and a 21% increase in dividends throughout the year, demonstrating the company's robust market performance and ongoing shareholder value creation.
- Earnings Per Share Growth: The company reported a net income of $0.90 per share and earnings available for distribution of $0.86 per share in 2025, reflecting a 13.3% and 9.5% increase over 2024, respectively, indicating effective profitability and cash flow management.
- Investment Portfolio Expansion: As of December 31, 2025, TPG's investment portfolio reached $8.5 billion, with a $50 million investment in Arc Home, showcasing the company's proactive positioning in the residential mortgage market and future growth potential.
- Liquidity and Leverage Management: The company reported total liquidity of $108.7 million at the end of 2025, with a GAAP leverage ratio of 14.4x and an economic leverage ratio of 1.6x, indicating a robust strategy in risk management and capital structure.
See More
TPG Inc. Dividend and Options Analysis
- Dividend Expectation Analysis: TPG Inc.'s latest dividend expectation stands at an annualized yield of 4.5%, based on historical profitability fluctuations, indicating potential sustainability that impacts investor return expectations.
- Trading History Review: TPG's trailing twelve-month trading history shows a current stock price of $54.87, and with a strike price of $62.50, investors must assess the risk-reward of selling covered calls, especially with a volatility of 43%.
- Options Market Dynamics: On Monday, the put volume among S&P 500 components reached 1.19 million contracts, while call volume was at 2.27 million, resulting in a put-call ratio of 0.52, indicating a preference for calls that may reflect investor optimism about TPG's future performance.
- Options Trading Strategy: Given the current options market dynamics, investors can analyze various expiration dates for options contracts to identify optimal trading opportunities, thereby enhancing the risk-reward profile of their investment portfolios.
See More
Major Wall Street Rating Updates on Monday
- Robinhood Upgrade: Wolfe upgraded Robinhood from Peer Perform to Outperform to capitalize on the recent selloff due to deteriorating sentiment in the crypto ecosystem, indicating that investors should seize the buying opportunity.
- Bullish on TeraWulf and Cipher Mining: Morgan Stanley initiated coverage on TeraWulf and Cipher Mining with an Overweight rating, citing significant upside potential from attractive valuations in the bitcoin mining sector.
- Timken's New CEO Drives Growth: KeyBanc upgraded Timken from Sector Weight to Overweight with a $130 price target, primarily based on expectations that new CEO Lucian Boldea will enhance organic growth initiatives and improve margins.
- Align Technologies Brand Strength: HSBC upgraded Align Technologies from Hold to Buy, emphasizing that its strong brand presence and R&D culture are key long-term growth drivers in the orthodontics market.
See More
Private Credit Markets Face AI Disruption Risks
- Increased Pressure on Software Sector: The introduction of new AI tools by Anthropic has triggered a sell-off in software data provider shares, intensifying uncertainty in the private credit market, particularly regarding lending risks to software companies.
- Decline in Asset Management Stocks: Ares Management fell over 12%, Blue Owl Capital dropped more than 8%, and KKR and TPG saw declines of nearly 10% and 7%, respectively, reflecting investor concerns about AI's potential impact on cash flows and default risks.
- Rising Default Risks: UBS Group has warned that in an aggressive disruption scenario, default rates in U.S. private credit could rise to 13%, significantly higher than the projected stress for leveraged loans and high-yield bonds, estimated at 8% and 4%, respectively.
- Liquidity Issues Intensified: Although strains in private credit predate AI concerns, Jeffrey C. Hooke noted that existing liquidity and loan extension issues have been exacerbated by recent developments, adding new challenges to an already pressured sector.
See More
