Growth Metrics

StepStone (STEP) Long-Term Investments (2020 - 2025)

StepStone posted quarterly Long-Term Investments of $2.8 billion for Q4 2025, up 26.12% year-on-year from $2.2 billion in Q4 2024, and up 6.71% on a QoQ basis from $2.6 billion in Q3 2025.

StepStone (STEP) has 6 years of Long-Term Investments data on file, last reported at $2.8 billion in Q4 2025.

  • For the quarter ending Q4 2025, Long-Term Investments rose 26.12% year-over-year to $2.8 billion; the trailing twelve-month figure through Dec 2025 stood at $2.8 billion (up 26.12% YoY), and the FY2025 full-year result was $2.3 billion, up 8.88% from the prior year.
  • Long-Term Investments for Q4 2025 stood at $2.8 billion, up from $2.6 billion in the prior quarter.
  • Across five years, Long-Term Investments topped out at $2.9 billion in Q1 2022 and bottomed at $970.9 million in Q1 2021.
  • The 5-year median for Long-Term Investments is $2.2 billion (2023), against an average of $2.2 billion.
  • The widest annual swing landed in 2021, when Long-Term Investments soared 362.24%; it then slipped 27.69% in 2023.
  • A 5-year view of Long-Term Investments shows it stood at $2.8 billion in 2021, then dropped by 22.97% to $2.1 billion in 2022, then declined by 7.59% to $2.0 billion in 2023, then grew by 13.08% to $2.2 billion in 2024, then increased by 26.12% to $2.8 billion in 2025.
  • The last three Long-Term Investments figures came in at $2.8 billion (Q4 2025), $2.6 billion (Q3 2025), and $2.5 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Long-Term Investments (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 14.57 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 32.75 Bn
3 Kkr 84.94 Bn 132.45 Bn - 77.47 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 2.39 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 3.10 Bn
6 State Street 44.42 Bn 18.75 Bn - 586.00 Mn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 2.51 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - -
9 Ares Management 28.85 Bn 32.22 Bn - -1.48 Bn
10 StepStone 3.79 Bn 4.63 Bn - 2.80 Bn

Historic Data

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DateValue
Dec 31, 2025 2.80 Bn
Sep 30, 2025 2.62 Bn
Jun 30, 2025 2.45 Bn
Mar 31, 2025 2.31 Bn
Dec 31, 2024 2.22 Bn
Sep 30, 2024 2.16 Bn
Jun 30, 2024 2.09 Bn
Mar 31, 2024 2.12 Bn
Dec 31, 2023 1.96 Bn
Sep 30, 2023 2.16 Bn
Jun 30, 2023 2.15 Bn
Mar 31, 2023 2.11 Bn
Dec 31, 2022 2.12 Bn
Sep 30, 2022 2.29 Bn
Jun 30, 2022 2.62 Bn
Mar 31, 2022 2.92 Bn
Dec 31, 2021 2.76 Bn
Sep 30, 2021 2.51 Bn
Jun 30, 2021 1.16 Bn
Mar 31, 2021 970.90 Mn
Dec 31, 2020 700.34 Mn
Sep 30, 2020 544.08 Mn
Mar 31, 2020 514.22 Mn