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StepStone (STEP) Operating Expenses (2019 - 2025)

StepStone's Operating Expenses history spans 7 years, with the latest figure at $1.2 billion for Q3 2025.

  • For Q3 2025, Operating Expenses rose 433.3% year-over-year to $1.2 billion; the TTM value through Dec 2025 reached $2.0 billion, up 49.48%, while the annual FY2025 figure was $1.4 billion, 167.04% up from the prior year.
  • Operating Expenses reached $1.2 billion in Q3 2025 per STEP's latest filing, 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.
  • Average Operating Expenses over 5 years is $243.8 million, with a median of $173.7 million recorded in 2021.
  • Peak YoY movement for Operating Expenses: plummeted 160.06% in 2022, then surged 3544.89% in 2024.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for STEP's Operating Expenses are $1.2 billion (Q3 2025), $423.3 million (Q2 2025), and $383.6 million (Q1 2025).