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| 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 |
| 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 |