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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Fees and other $ 543,455 $ 512,295
Capital allocation-based income 491,421 311,776
Revenues, Total 1,034,876 824,071
Compensation and benefits:    
Cash-based compensation and benefits 223,570 206,336
Equity-based compensation 205,832 227,908
Performance allocation compensation 298,705 196,434
Total compensation and benefits 728,107 630,678
General, administrative and other 164,311 151,632
Depreciation and amortization 31,382 32,965
Interest expense 24,060 21,122
Total expenses 947,860 836,397
Investment income (loss)    
Net losses from investment activities (2,087) (5,198)
Interest, dividends and other 9,248 12,904
Total investment income 7,161 7,706
Income (loss) before income taxes 94,177 (4,620)
Income tax expense 6,349 4,386
Net income (loss) 87,828 (9,006)
Net loss attributable to non-controlling interests in TPG Operating Group (12,099) (55,037)
Net income attributable to other non-controlling interests 74,534 30,512
Net Income (Loss) Attributable to Parent, Total $ 25,393 $ 15,519
Net income (loss) available to Class A common stock per share    
Basic (in usd per share) $ 0.08 $ 0.09
Diluted (in usd per share) $ 0.00 $ (0.11)
Weighted-average shares of Class A common stock outstanding    
Basic (in shares) 117,408,263 89,113,782
Diluted (in shares) 369,358,961 364,350,918