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TPG (TPG) operating margin by quarter

TPG's operating margin was 26.4% in Q3 2026 (third quarter 2026), +7.0 pts from Q2 2026. Over the last 6 quarters it ranged from 4.3% (Q2 2025) to 26.4% (Q3 2026).

TPG operating margin by quarterTPG operating margin by quarter9.1%Q1 20254.3%Q2 202518.6%Q3 202520.4%Q4 202519.3%Q2 202626.4%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202626.4%+7.0 pts+7.7 pts
Q2 202619.3%-1.1 pts+15.1 pts
Q4 202520.4%+1.8 pts—
Q3 202518.6%+14.4 pts—
Q2 20254.3%-4.8 pts—
Q1 20259.1%——

Q3 2026 at a glance

TPG, Q3 2026: revenue $1.2B (-0.2% year over year), operating margin 26.4%, net earnings $99.6M, operating cash flow $249M. The chart follows the revenue to costs, profit and cash.

Questions

What is TPG's operating margin?

TPG's operating margin was 26.4% in Q3 2026 (third quarter 2026), +7.0 pts from Q2 2026.

How has TPG's operating margin changed?

Over the last 6 quarters it ranged from 4.3% (Q2 2025) to 26.4% (Q3 2026).

Q3 2026 results → · How TPG makes money →