TPG Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 29 October 2026: press release. Guidance figures: 1 lowered. The quarter’s numbers.

Key takeaways

Quarter fundraising reached $15 billion: The company reported $15 billion raised in the quarter and nearly $42 billion raised year-to-date. Source
Assets under management reached $346 billion: The release gives assets under management of $346 billion, compared with $327 billion in the second-quarter release. Source
Record dry powder of $86 billion: Management reported a record $86 billion of dry powder. Source
Positioned to deploy capital: Management said the firm is well positioned to capitalize on the current environment and create long-term value. Source
Quarterly dividend lowered to $0.55: The declared dividend is $0.55 per Class A share, against $0.59 in the second-quarter release. Source
Unaudited results reported without earnings figures: The release states that unaudited third-quarter results were reported, but its text contains no revenue, earnings, expense or margin figures. Source

“TPG delivered an exceptional third quarter, reflecting broad-based momentum across the firm and continued progress across each of our strategic objectives,”
Jon Winkelried, Chief Executive Officer

Guidance

Area	Period	Figure	Against last quarter
Fundraising Source	Full year 2026	exceed fundraising target of $50 billion
Dividend per share, Class A common stock Source	Quarterly dividend; record date November 9, 2026; payable November 23, 2026	$0.55 per share	Lowered from $0.59

Results and fundraising

Quarter fundraising reached $15 billion: The company reported $15 billion raised in the quarter and nearly $42 billion raised year-to-date. Source
Investment performance credited for inflows: Management attributed the fundraising pace to the quality of its investment performance and the depth of client relationships. Source
Growth described as broad-based: Management described the quarter as reflecting broad-based momentum across the firm and progress on each strategic objective. Source

Assets under management and dry powder

Assets under management reached $346 billion: The release gives assets under management of $346 billion, compared with $327 billion in the second-quarter release. Source
Record dry powder of $86 billion: Management reported a record $86 billion of dry powder. Source
Strategies span five areas: The company describes its investing as spanning private equity, impact, credit, real estate and market solutions. Source

“Given the quality of our investment performance and the depth of our relationships, we expect to exceed our fundraising target of $50 billion this year, with $15 billion raised in the quarter and nearly $42 billion year-to-date.”
Jon Winkelried, Chief Executive Officer

Demand and deployment

Positioned to deploy capital: Management said the firm is well positioned to capitalize on the current environment and create long-term value. Source
Investment set ahead described as increasing: Management described the investment set ahead as increasing, alongside its record dry powder. Source
Progress on strategic objectives: Management said continued progress was made across each strategic objective this quarter. Source

Capital and dividend

Quarterly dividend lowered to $0.55: The declared dividend is $0.55 per Class A share, against $0.59 in the second-quarter release. Source
Dividend record and payment dates: Holders of record at the close of business on November 9, 2026 are paid on November 23, 2026. Source
Class A dividend is the only capital return figure: The only capital-return figure in the release is the declared Class A quarterly dividend. Source

“With a record $86 billion of dry powder and an increasingly attractive opportunity set ahead, we are well positioned to capitalize on this environment and create long-term value for our stakeholders.”
Jon Winkelried, Chief Executive Officer

Reporting scope of the release

Unaudited results reported without earnings figures: The release states that unaudited third-quarter results were reported, but its text contains no revenue, earnings, expense or margin figures. Source
Detailed presentation on investor site: A detailed presentation is referenced as available on the investor relations section of the company website. Source
Webcast replay to be posted: A webcast replay is to be placed on the Events page of the investor relations website. Source

Management commentary and profile

Second-quarter framing not repeated: The second-quarter release led with record first-half results; the third-quarter release does not use that framing.
Firm founded in San Francisco: The company was founded in San Francisco in 1992 and has investment and operational teams around the world. Source

Coming up, as management said on 29 October 2026

Dividend payment date: The Class A dividend is payable on November 23, 2026, to holders of record at the close of business on November 9, 2026. Source

Figures management reported

Figure	Reported
Fundraising raised in the quarter Source	$15 billion
Fundraising raised year-to-date Source	nearly $42 billion
Dry powder Source	$86 billion (record)
Assets under management Source	$346 billion

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

TPG Reports Third Quarter 2026 Results

San Francisco and Fort Worth, Texas - October 29, 2026 - TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, today reported its unaudited results for the third quarter ended September 30, 2026. A detailed presentation is available through the Investor Relations section of TPG’s website at shareholders.tpg.com.

"TPG delivered an exceptional third quarter, reflecting broad-based momentum across the firm and continued progress across each of our strategic objectives,” said Jon Winkelried, Chief Executive Officer. “Given the quality of our investment performance and the depth of our relationships, we expect to exceed our fundraising target of $50 billion this year, with $15 billion raised in the quarter and nearly $42 billion year-to-date. With a record $86 billion of dry powder and an increasingly attractive opportunity set ahead, we are well positioned to capitalize on this environment and create long-term value for our stakeholders."

Dividend

TPG has declared a quarterly dividend of $0.55 per share of Class A common stock to holders of record at the close of business on November 9, 2026, payable on November 23, 2026.

Conference Call

TPG will host a conference call and live webcast today at 11:00 am ET. It may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ326. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG’s website at shareholders.tpg.com. A webcast replay will be made available on the Events page in the Investor Relations section of TPG’s website.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $346 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Forward Looking Statements; No Offers

This document may contain “forward-looking” statements. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include statements we make regarding the outlook for our future business and financial performance, estimated operational metrics, business strategy and plans and objectives of management for future operations, including, among other things, statements regarding expected growth, future capital expenditures, fund performance, dividends and dividend policy, and debt service obligations.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to recognize the anticipated benefits, or unexpected costs related to the integration, of acquired companies; our ability to manage growth and execute our business plan; and regional, national or global political, economic, business, competitive, market and regulatory conditions and uncertainties, among various other risks discussed in the Company’s SEC filings.

For the reasons described above, we caution you against relying on any forward-looking statements, which should be read in conjunction with the other cautionary statements included elsewhere in this document and risk factors discussed from time to time in the Company’s filings with the SEC, which can be found at the SEC’s website at http://www.sec.gov. Any forward-looking statement in this document speaks only as of the date of this document. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise any forward-looking statement after the date of this document, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the document.

This document does not constitute an offer of any TPG fund.

Contacts
Shareholders · Gary Stein and Evanny Huang · shareholders@tpg.com
Media · Luke Barrett and Julia Sottosanti · media@tpg.com