What move does the options market price into TPG's report?

Implied ±13.6%, either direction · provisional.

TPGNasdaqInvestment Advice

TPG Inc. (TPG) earnings date, market-implied expected move, and options open interest by expiry

48.19

−0.20 · −0.42%

post 50.18 +4.13%

Closed15:59 ET

Open50.28Volume3.0MMkt cap$18.6BP/E69.31Div yield4.63%

Day49.46 – 50.8651%52-wk36.07 – 67.8344%

TPG

TPG Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.6%implied · straddle

43.3456.98

spot 50.16exp Feb 19ATM strike 50ATM straddle 8.02IV 38%

Nov 4 closeprovisional

Expected move

Inputs

Next report

Feb 4

before open · in 91 days

est.Q4 FY26

Calendar

Next report

Last report

+7.51%

vs ±10.0% implied · ×0.75

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

—

Largest filed tie

13F top-10 QoQ

+12.52%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

371 managers

Top fund weight

0.01%

TPG weight · VTI

N-PORTJun 30 '26

2 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

TPG (TPG) is expected to report on Feb 4 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Aug 4 '26confirmed±7.4%▲+5.74%×0.78

Q3 FY26Oct 29 '26confirmed±10.0%▲+7.51%×0.75

quarterimplied−15%0+15%realized×

Q3 FY26±10.0%▲+7.51%×0.75

Q2 FY26±7.4%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 4 close

2.84OI · 4 expiries · Nov 4 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,252+1%Nov 2015d0.363,4600%0.36

80+86%Dec 1843d0.09902+2%0.09

11,9290%Jan 1571d7.191,659−1%7.19

report · Feb 4 · before open · est.

1,752+1%Feb 19106d617+70%

ExpiryPutsCallsP/C

Nov 2015d1,252+1%3,4600%0.36

Dec 1843d80+86%902+2%0.09

Jan 1571d11,9290%1,659−1%7.19

report · Feb 4 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.6%

Funds 2

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

21.61%as filednet margin · revenue −33.69% QoQ · −0.20% YoY

Revenue

$1.2B−33.69% QoQ

Gross profit

$1.2B−33.69% QoQ

100.00% margin

Operating income

$185M−46.15% QoQ

15.17% margin

Pre-tax income

$322M−9.59% QoQ

Net income

$264M−17.46% QoQ

21.61% margin

Operating expenses

$1.0B−30.82% QoQ

Other operating $823M

SG&A $172M

Depreciation $40M

Tax

$58M+59.69% QoQ

Other income

$137M+1045.05% QoQ

Revenue$1.2B−33.69%

Gross profit

$1.2B−33.69%

100.00% margin

Operating income

$185M−46.15%

15.17% margin

Pre-tax income

$322M−9.59%

Net income

$264M−17.46%

21.61% margin

Cost of revenue

Operating expenses

$1.0B−30.82%

Other operating $823M

SG&A $172M

Depreciation $40M

Other income$137M+1045.05%

Tax$58M+59.69%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.96· ±3.4% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.4%7 of 10×1.96

FOMCrate decision±1.9%15 of 24×1.10

NFPjobs report±1.8%3 of 10×1.07

CPIconsumer prices±1.6%5 of 10×0.95

GDPgross domestic product±1.5%10 of 19×0.89

PCEpersonal income & outlays±1.5%10 of 19×0.88

CPROFcorporate profits±1.5%6 of 12×0.87

Bar = avg |move| to ±4% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.41 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	0.41	—
Q2 FY26	Aug 4 '26 · confirmed	0.39	—
Q1 FY26	—	-0.22	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod