Filing Flows › TPG (TPG) › Q2 2026
TPG (TPG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
TPG (TPG) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +100% from a year earlier and +268% from the quarter before. Operating margin was 19.3%, net earnings $93.4M (5.1% of revenue).
TPG, Q2 2026: revenue $1.8B (+100% year over year), operating margin 19.3%, net earnings $93.4M, operating cash flow $348M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +268% | +100% |
| Operating profit | $356M | — | +805% |
| Net earnings | $93.4M | — | +525% |
| Operating cash flow | $348M | +97% | -10% |
What changed
Revenue was $1.8B in Q2 2026, up 100% year over year and up 268% from the previous quarter. Management fees was the largest line at 28% of revenue. Management fees added $0.07B year over year (up 16%), 8% of the total change.
Operating profit was $0.36B, a 19.3% margin (up 15.1 points year over year). Of the extra revenue versus Q2 2025, 34% reached operating profit, above the 4% margin then. Total costs grew 69% against revenue growth of 100%. The fastest-growing cost line was Other operating costs (+88%). Net earnings were $0.09B, up 525% year over year. The effective tax rate was 10.2%.
Operating cash flow was $0.35B (down 10% year over year), 109% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.23B of share-based compensation. Working capital and other items used $0.25B.
Questions
What was TPG's revenue in the second quarter 2026?
TPG (TPG) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), +100% from a year earlier and +268% from the quarter before.
Was TPG profitable in the second quarter 2026?
Operating profit was $356M (19.3% of revenue) and net earnings $93.4M.
Source: TPG 10-Q on SEC EDGAR.