Tpg annual operating expenses
2020
2021
2022
2023
2024
2025
Tpg Operating Expenses Growth & History (TPG)
Tpg's operating expenses was $4.09B for fiscal 2025.
View full Tpg company overviewTpg annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.09B | $516.1M | +14.42% |
| 2024 | 2024-12-31 | $3.58B | $1.21B | +51.38% |
| 2023 | 2023-12-31 | $2.36B | $419.0M | +21.54% |
| 2022 | 2022-12-31 | $1.94B | $1.03B | +112.18% |
| 2021 · Dec 31 | 2021-12-31 | $916.6M | $99.0M | +12.11% |
| 2020 | 2020-12-31 | $817.6M | — | — |
Tpg quarterly operating expenses
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.50B | $607.2M | +68.22% |
| Q1 2026 | 2026-03-31 | $648.6M | −$299.3M | −31.57% |
| Q4 2025 | 2025-12-31 | $1.23B | $126.8M | +11.55% |
| Q3 2025 | 2025-09-30 | $1.03B | $164.2M | +18.93% |
| Q2 2025 | 2025-06-30 | $890.1M | $113.6M | +14.63% |
| Q1 2025 | 2025-03-31 | $947.9M | $111.5M | +13.33% |
| Q4 2024 | 2024-12-31 | $1.10B | $175.5M | +19.02% |
| Q3 2024 | 2024-09-30 | $867.1M | $610.9M | +238.45% |
| Q2 2024 | 2024-06-30 | $776.5M | $211.8M | +37.51% |
| Q1 2024 | 2024-03-31 | $836.4M | $216.3M | +34.88% |
| Q4 2023 | 2023-12-31 | $922.7M | $493.3M | +114.85% |
| Q3 2023 | 2023-09-30 | $256.2M | −$262.4M | −50.60% |
| Q2 2023 | 2023-06-30 | $564.7M | $510.6M | +942.51% |
| Q1 2023 | 2023-03-31 | $620.1M | −$322.4M | −34.21% |
| Q4 2022 | 2022-12-31 | $429.5M | $130.5M | +43.63% |
| Q3 2022 | 2022-09-30 | $518.6M | $294.4M | +131.34% |
| Q2 2022 | 2022-06-30 | $54.2M | −$144.6M | −72.74% |
| Q1 2022 | 2022-03-31 | $942.5M | $747.9M | +384.23% |
| Q4 2021 | 2021-12-31 | $299.0M | — | — |
| Q3 2021 | 2021-09-30 | $224.2M | — | — |
| Q2 2021 | 2021-06-30 | $198.7M | — | — |
| Q1 2021 | 2021-03-31 | $194.6M | — | — |
Tpg operating expenses trends
Over the last five fiscal years, Tpg's operating expenses increased from $817.6M to $4.09B, a change of $3.28B. The latest reported quarter, Q2 2026, shows $1.50B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Tpg source filings ↗