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StepStone (STEP) Operating Expenses (2019 - 2025)

StepStone filings provide 7 years of Operating Expenses readings, the most recent being $1.2 billion for Q3 2025.

  • On a quarterly basis, Operating Expenses rose 433.3% to $1.2 billion in Q3 2025 year-over-year; TTM through Dec 2025 was $2.0 billion, a 49.48% increase, with the full-year FY2025 number at $1.4 billion, up 167.04% from a year prior.
  • Operating Expenses hit $1.2 billion in Q3 2025 for StepStone, up from $423.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q3 2025 to a low of -$104.2 million in Q3 2022.
  • Median Operating Expenses over the past 5 years was $173.7 million (2021), compared with a mean of $243.8 million.
  • Biggest five-year swings in Operating Expenses: tumbled 160.06% in 2022 and later soared 3544.89% in 2024.
  • StepStone's Operating Expenses stood at $292.7 million in 2021, then plummeted by 98.21% to $5.2 million in 2022, then soared by 264.96% to $19.2 million in 2023, then soared by 3544.89% to $698.1 million in 2024, then skyrocketed by 68.6% to $1.2 billion in 2025.
  • The last three reported values for Operating Expenses were $1.2 billion (Q3 2025), $423.3 million (Q2 2025), and $383.6 million (Q1 2025) per Business Quant data.