StepStone (STEP) Change in Accured Expenses (2019 - 2025)
StepStone (STEP) reported Change in Accured Expenses of $202.8 million for Q4 2025, up 662.1% on a YoY basis from $26.6 million in Q4 2024, and up 1525.73% quarter-over-quarter from $12.5 million in Q3 2025.
StepStone (STEP) Change in Accured Expenses (2019 - 2025) Analysis & Trends
StepStone has reported Change in Accured Expenses for 7 years, with the latest figure at $202.8 million in Q4 2025.
- For the quarter ending Q4 2025, Change in Accured Expenses rose 662.1% year-over-year to $202.8 million; the trailing twelve-month figure through Dec 2025 stood at $262.4 million (up 750.53% YoY), and the FY2025 full-year result was $13.2 million, down 21.0% from the prior year.
- Change in Accured Expenses for Q4 2025 stood at $202.8 million, up from $12.5 million in the prior quarter.
- The five-year high for Change in Accured Expenses was $202.8 million in Q4 2025, with the low at -$36.1 million in Q4 2024.
- Historically, Change in Accured Expenses has averaged $14.8 million across 5 years, with a median of $11.5 million in 2022.
- Annual changes were most pronounced in 2022 — Change in Accured Expenses tumbled 570.37% — and 2025, when it soared 1901.84%.
- StepStone's Change in Accured Expenses stood at $27.6 million in 2021, then surged by 34.38% to $37.1 million in 2022, then tumbled by 63.47% to $13.5 million in 2023, then slumped by 366.39% to -$36.1 million in 2024, then soared by 662.1% to $202.8 million in 2025.
- The last three Change in Accured Expenses figures came in at $202.8 million (Q4 2025), $12.5 million (Q3 2025), and $29.3 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Accured Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.47 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | -709.73 Mn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.03 Mn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | - |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 1.63 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | -467.00 Mn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 28.60 Mn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 166.00 Mn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - | 202.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 202.78 Mn |
| Dec 31, 2025 | 202.78 Mn |
| Sep 30, 2025 | 12.47 Mn |
| Sep 30, 2025 | 12.47 Mn |
| Jun 30, 2025 | 29.33 Mn |
| Jun 30, 2025 | 29.33 Mn |
| Mar 31, 2025 | 17.87 Mn |
| Mar 31, 2025 | 17.87 Mn |
| Dec 31, 2024 | -36.08 Mn |
| Dec 31, 2024 | -36.08 Mn |
| Sep 30, 2024 | 29.90 Mn |
| Sep 30, 2024 | 29.90 Mn |
| Jun 30, 2024 | 1.47 Mn |
| Jun 30, 2024 | 1.47 Mn |
| Mar 31, 2024 | -35.63 Mn |
| Mar 31, 2024 | -35.63 Mn |
| Dec 31, 2023 | 13.54 Mn |
| Dec 31, 2023 | 13.54 Mn |
| Sep 30, 2023 | 16.69 Mn |
| Sep 30, 2023 | 16.69 Mn |