StepStone (STEP) Operating Leases (2021 - 2025)

StepStone (STEP) reported Operating Leases of $106.5 million for Q4 2025, down 5.06% on a YoY basis from $112.2 million in Q4 2024, and down 2.71% quarter-over-quarter from $109.5 million in Q3 2025.

StepStone (STEP) Operating Leases (2021 - 2025) Analysis & Trends

StepStone has reported Operating Leases for 5 years, with the latest figure at $106.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Leases fell 5.06% year-over-year to $106.5 million; the trailing twelve-month figure through Dec 2025 stood at $106.5 million (down 5.06% YoY), and the FY2025 full-year result was $113.5 million, down 5.19% from the prior year.
  • Operating Leases for Q4 2025 stood at $106.5 million, down from $109.5 million in the prior quarter.
  • The five-year high for Operating Leases was $124.3 million in Q4 2022, with the low at $71.0 million in Q1 2022.
  • Historically, Operating Leases has averaged $103.1 million across 5 years, with a median of $112.5 million in 2025.
  • Annual changes were most pronounced in 2023 — Operating Leases jumped 70.82% — and 2025, when it decreased 5.84%.
  • StepStone's Operating Leases stood at $73.4 million in 2021, then surged by 69.29% to $124.3 million in 2022, then fell by 4.73% to $118.4 million in 2023, then retreated by 5.29% to $112.2 million in 2024, then retreated by 5.06% to $106.5 million in 2025.
  • The last three Operating Leases figures came in at $106.5 million (Q4 2025), $109.5 million (Q3 2025), and $112.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn -
2 Blackstone 96.85 Bn 95.80 Bn -
3 Kkr 86.45 Bn 133.96 Bn -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn
5 State Street 46.95 Bn 21.27 Bn -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn
7 Northern Trust 31.92 Bn 31.92 Bn -
8 Raymond James Financial 30.62 Bn 19.37 Bn -
9 Ares Management 29.04 Bn 32.41 Bn -
10 StepStone 3.56 Bn 4.40 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 106.50 Mn
Sep 30, 2025 109.46 Mn
Jun 30, 2025 112.48 Mn
Mar 31, 2025 113.52 Mn
Dec 31, 2024 112.18 Mn
Sep 30, 2024 116.25 Mn
Jun 30, 2024 118.07 Mn
Mar 31, 2024 119.74 Mn
Dec 31, 2023 118.44 Mn
Sep 30, 2023 119.12 Mn
Jun 30, 2023 116.18 Mn
Mar 31, 2023 121.22 Mn
Dec 31, 2022 124.32 Mn
Sep 30, 2022 72.08 Mn
Jun 30, 2022 83.27 Mn
Mar 31, 2022 70.97 Mn
Dec 31, 2021 73.44 Mn
Sep 30, 2021 75.81 Mn
Jun 30, 2021 75.51 Mn