StepStone (STEP) Operating Leases (2021 - 2025)

StepStone's Operating Leases history runs 5 years deep, the most recent figure standing at $106.5 million for Q4 2025.

• Quarterly Operating Leases fell 5.06% year-over-year to $106.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $106.5 million (down 5.06% YoY) and the FY2025 annual result came in at $113.5 million, down 5.19% from the prior year.
• Operating Leases was $106.5 million for Q4 2025 at StepStone, down from $109.5 million in the prior quarter.
• Across five years, Operating Leases topped out at $124.3 million in Q4 2022 and bottomed at $71.0 million in Q1 2022.
• A 5-year average of $103.1 million and a median of $112.5 million in 2025 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2023 — Operating Leases jumped 70.82% — and 2025, when it declined 5.84%.
• StepStone's Operating Leases stood at $73.4 million in 2021, then jumped by 69.29% to $124.3 million in 2022, then decreased by 4.73% to $118.4 million in 2023, then slipped by 5.29% to $112.2 million in 2024, then slipped by 5.06% to $106.5 million in 2025.
• Business Quant data shows STEP's Operating Leases at $106.5 million in Q4 2025, $109.5 million in Q3 2025, and $112.5 million in Q2 2025.