StepStone (STEP) Operating Leases (2021 - 2026)
StepStone's (STEP) quarterly Operating Leases came in at $106.5 million in Q4 2025, down 5.06% YoY from $112.2 million in Q4 2024, and down 2.71% on a QoQ basis from $109.5 million in Q3 2025.
StepStone (STEP) Operating Leases (2021 - 2026) Analysis & Trends
StepStone (STEP) has 5 years of Operating Leases data on file, last reported at $106.5 million in 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 retreated to $106.5 million in Q4 2025, from $109.5 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $124.3 million in Q4 2022 to a low of $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 decreased 5.84%.
- Tracing STEP's Operating Leases over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - |
| 10 | StepStone | 3.89 Bn | 2.98 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 103.60 Mn |
| 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 |