StepStone (STEP) Deferred Taxes (2020 - 2025)
StepStone's (STEP) quarterly Deferred Taxes came in at -$41.8 million in Q4 2025, up 30.41% YoY from -$32.1 million in Q4 2024, and up 62.9% on a QoQ basis from -$112.7 million in Q3 2025.
StepStone (STEP) Deferred Taxes (2020 - 2025) Analysis & Trends
StepStone (STEP) has 6 years of Deferred Taxes data on file, last reported at -$41.8 million in Q4 2025.
- Quarterly Deferred Taxes rose 30.41% year-over-year to -$41.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$186.1 million (down 267.88% YoY) and the FY2025 annual result came in at -$75.1 million, down 914.82% from the prior year.
- Deferred Taxes rose to -$41.8 million in Q4 2025, from -$112.7 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $13.9 million in Q4 2021 to a low of -$112.7 million in Q3 2025.
- A 5-year average of -$11.7 million and a median of -$3.4 million in 2022 frame the typical range for Deferred Taxes.
- The widest YoY moves for Deferred Taxes: up 125640.0% in 2021, down 31970.59% in 2021.
- Tracing STEP's Deferred Taxes over 5 years: stood at $13.9 million in 2021, then sank by 139.6% to -$5.5 million in 2022, then slumped by 81.16% to -$10.0 million in 2023, then plunged by 501.78% to -$60.1 million in 2024, then surged by 30.41% to -$41.8 million in 2025.
- The last three Deferred Taxes figures came in at -$41.8 million (Q4 2025), -$112.7 million (Q3 2025), and -$14.1 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.15 Bn | 165.28 Bn | - | -78.00 Mn |
| 2 | Blackstone | 114.70 Bn | 112.19 Bn | - | - |
| 3 | Kkr | 97.17 Bn | -179.90 Bn | - | - |
| 4 | Brookfield | 93.34 Bn | 45.93 Bn | - | - |
| 5 | Brookfield Asset Management | 83.67 Bn | 82.16 Bn | - | 82.00 Mn |
| 6 | Apollo Global Management | 78.56 Bn | 53.18 Bn | 10.54 Bn | - |
| 7 | State Street | 51.37 Bn | 51.37 Bn | - | 72.00 Mn |
| 8 | Ameriprise Financial | 51.08 Bn | 40.04 Bn | 4.72 Bn | 350.00 Mn |
| 9 | Raymond James Financial | 33.93 Bn | 20.67 Bn | - | 17.00 Mn |
| 10 | StepStone | 3.97 Bn | 3.06 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -41.81 Mn |
| Sep 30, 2025 | -112.69 Mn |
| Jun 30, 2025 | -14.10 Mn |
| Mar 31, 2025 | -17.50 Mn |
| Dec 31, 2024 | -60.08 Mn |
| Sep 30, 2024 | 1.49 Mn |
| Jun 30, 2024 | 1.03 Mn |
| Mar 31, 2024 | 6.97 Mn |
| Dec 31, 2023 | -9.98 Mn |
| Sep 30, 2023 | 7.25 Mn |
| Jun 30, 2023 | 4.98 Mn |
| Mar 31, 2023 | 5.93 Mn |
| Dec 31, 2022 | -5.51 Mn |
| Sep 30, 2022 | -10.29 Mn |
| Jun 30, 2022 | -2.82 Mn |
| Mar 31, 2022 | -4.00 Mn |
| Dec 31, 2021 | 13.92 Mn |
| Sep 30, 2021 | -16.25 Mn |
| Jun 30, 2021 | 12.55 Mn |
| Mar 31, 2021 | 7.25 Mn |