TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $500.0M | $1.49B | $1.22B | $920.5M | $1.03B | $1.08B | $855.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $174.4M | $147.9M | $189.3M | $166.2M | $182.3M | $164.3M | $120.7M | $141.3M |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | $35.3M | $31.2M | $27.6M | $28.2M | $24.1M | $22.4M | $20.9M | $19.6M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $36.3M | $-17.4M | $22.5M | $28.9M | $9.2M | $6.3M | $11.4M | $13.9M |
| Net Income | $93.4M | $-1.5M | $77.1M | $67.1M | $14.9M | $25.4M | $13.0M | $9.0M |
| Net Margin | 5.1% | -0.3% | 5.2% | 5.5% | 1.6% | 2.5% | 1.2% | 1.0% |
| EPS (Basic) | $0.44 | $-0.05 | $0.45 | $0.33 | $0.03 | $0.08 | $0.02 | $0.04 |
| EPS (Diluted) | $0.39 | $-0.22 | $0.30 | $0.20 | $-0.05 | $0.00 | $-0.04 | $-0.08 |
| Shares Outstanding (Basic) | 164.7M | 159.6M | 138.9M | 150.5M | 133.4M | 117.4M | 100.2M | 103.4M |
| Shares Outstanding (Diluted) | 385.5M | 383.7M | 374.1M | 378.3M | 370.1M | 369.4M | 364.7M | 364.8M |
| Dividends Per Share | $0.59 | $0.61 | $0.45 | $0.59 | $0.41 | $0.53 | $0.41 | $0.42 |