StepStone (STEP) Accumulated Expenses (2020 - 2025)

StepStone's Accumulated Expenses history runs 6 years deep, the most recent figure standing at $2.4 billion for Q4 2025.

• Quarterly Accumulated Expenses rose 248.28% year-over-year to $2.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $2.4 billion (up 248.28% YoY) and the FY2025 annual result came in at $736.7 million, up 625.94% from the prior year.
• Accumulated Expenses was $2.4 billion for Q4 2025 at StepStone, up from $1.8 billion in the prior quarter.
• Across five years, Accumulated Expenses topped out at $2.4 billion in Q4 2025 and bottomed at $34.2 million in Q1 2021.
• A 5-year average of $393.7 million and a median of $97.0 million in 2023 frame the typical range for Accumulated Expenses.
• Annual changes were most pronounced in 2022 — Accumulated Expenses advanced 15.23% — and 2025, when it jumped 941.42%.
• StepStone's Accumulated Expenses stood at $60.3 million in 2021, then jumped by 30.89% to $78.9 million in 2022, then soared by 66.91% to $131.7 million in 2023, then soared by 424.02% to $690.3 million in 2024, then soared by 248.28% to $2.4 billion in 2025.
• Business Quant data shows STEP's Accumulated Expenses at $2.4 billion in Q4 2025, $1.8 billion in Q3 2025, and $943.0 million in Q2 2025.