Growth Metrics

StepStone (STEP) Change in Accured Expenses (2019 - 2025)

StepStone posted quarterly Change in Accured Expenses of $202.8 million for Q4 2025, up 662.1% year-on-year from $26.6 million in Q4 2024, and up 1525.73% on a QoQ basis from $12.5 million in Q3 2025.

StepStone (STEP) has 7 years of Change in Accured Expenses data on file, last reported 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.
  • Across five years, Change in Accured Expenses topped out at $202.8 million in Q4 2025 and bottomed at -$36.1 million in Q4 2024.
  • The 5-year median for Change in Accured Expenses is $11.5 million (2022), against an average of $14.8 million.
  • The widest annual swing landed in 2022, when Change in Accured Expenses sank 570.37%; it then soared 1901.84% in 2025.
  • A 5-year view of Change in Accured Expenses shows it stood at $27.6 million in 2021, then soared by 34.38% to $37.1 million in 2022, then slumped by 63.47% to $13.5 million in 2023, then sank by 366.39% to -$36.1 million in 2024, then jumped 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 158.51 Bn 148.89 Bn - 3.47 Bn
2 Blackstone 92.68 Bn 91.63 Bn - -709.73 Mn
3 Kkr 84.94 Bn 132.45 Bn - 8.03 Mn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn -
6 State Street 44.42 Bn 18.75 Bn - 1.63 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn -467.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - 28.60 Mn
9 Ares Management 28.85 Bn 32.22 Bn - -
10 StepStone 3.79 Bn 4.63 Bn - 202.78 Mn

Historic Data

Download Data 🔒
DateValue
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
Jun 30, 2023 22.05 Mn
Jun 30, 2023 22.05 Mn
Mar 31, 2023 -23.90 Mn
Mar 31, 2023 -23.90 Mn
Dec 31, 2022 37.08 Mn
Dec 31, 2022 37.08 Mn
Sep 30, 2022 10.58 Mn
Sep 30, 2022 10.58 Mn
Jun 30, 2022 -12.60 Mn
Jun 30, 2022 -12.60 Mn
Mar 31, 2022 -19.41 Mn
Mar 31, 2022 -19.41 Mn
Dec 31, 2021 27.59 Mn
Dec 31, 2021 27.59 Mn
Sep 30, 2021 -4.94 Mn
Sep 30, 2021 -4.94 Mn
Jun 30, 2021 3.43 Mn
Jun 30, 2021 3.43 Mn
Mar 31, 2021 4.13 Mn
Mar 31, 2021 4.13 Mn
Dec 31, 2020 16.52 Mn
Dec 31, 2020 16.52 Mn
Sep 30, 2020 -11.57 Mn
Sep 30, 2020 -11.57 Mn
Jun 30, 2020 14.36 Mn
Jun 30, 2020 14.36 Mn
Mar 31, 2020 -5.55 Mn
Mar 31, 2020 -5.55 Mn
Dec 31, 2019 15.02 Mn
Dec 31, 2019 15.02 Mn