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
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