StepStone (STEP) Accumulated Expenses (2020 - 2025)

StepStone has reported Accumulated Expenses for 6 years, with the latest figure at $2.4 billion in Q4 2025.

• For the quarter ending Q4 2025, Accumulated Expenses rose 248.28% year-over-year to $2.4 billion; the trailing twelve-month figure through Dec 2025 stood at $2.4 billion (up 248.28% YoY), and the FY2025 full-year result was $736.7 million, up 625.94% from the prior year.
• Accumulated Expenses for Q4 2025 stood at $2.4 billion, up from $1.8 billion in the prior quarter.
• The five-year high for Accumulated Expenses was $2.4 billion in Q4 2025, with the low at $34.2 million in Q1 2021.
• Historically, Accumulated Expenses has averaged $393.7 million across 5 years, with a median of $97.0 million in 2023.
• Annual changes were most pronounced in 2022 — Accumulated Expenses increased 15.23% — and 2025, when it jumped 941.42%.
• StepStone's Accumulated Expenses stood at $60.3 million in 2021, then surged by 30.89% to $78.9 million in 2022, then jumped by 66.91% to $131.7 million in 2023, then jumped by 424.02% to $690.3 million in 2024, then jumped by 248.28% to $2.4 billion in 2025.
• The last three Accumulated Expenses figures came in at $2.4 billion (Q4 2025), $1.8 billion (Q3 2025), and $943.0 million (Q2 2025), per Business Quant data.