StepStone (STEP) Other Operating Expenses (2019 - 2025)
StepStone's (STEP) quarterly Other Operating Expenses came in at $1.1 billion in Q3 2025, up 563.22% YoY from $170.6 million in Q3 2024, and up 197.5% on a QoQ basis from $380.4 million in Q2 2025.
StepStone (STEP) Other Operating Expenses (2019 - 2025) Analysis & Trends
StepStone (STEP) has 7 years of Other Operating Expenses data on file, last reported at $1.1 billion in Q3 2025.
- Quarterly Other Operating Expenses rose 563.22% year-over-year to $1.1 billion in Q3 2025, while the trailing twelve-month figure through Dec 2025 was $1.9 billion (up 62.68% YoY) and the FY2025 annual result came in at $1.3 billion, up 239.37% from the prior year.
- Other Operating Expenses grew to $1.1 billion in Q3 2025, from $380.4 million in the prior quarter.
- In the past five years, Other Operating Expenses ranged from a high of $1.1 billion in Q3 2025 to a low of -$137.9 million in Q3 2022.
- A 5-year average of $206.8 million and a median of $157.3 million in 2021 frame the typical range for Other Operating Expenses.
- Annual changes were most pronounced in 2022 — Other Operating Expenses sank 193.11% — and 2024, when it jumped 2370.43%.
- Tracing STEP's Other Operating Expenses over 5 years: stood at $262.4 million in 2021, then slumped by 114.61% to -$38.3 million in 2022, then increased by 24.75% to -$28.8 million in 2023, then jumped by 2370.43% to $655.0 million in 2024, then jumped by 72.78% to $1.1 billion in 2025.
- The last three Other Operating Expenses figures came in at $1.1 billion (Q3 2025), $380.4 million (Q2 2025), and $340.4 million (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 178.26 Bn | 164.39 Bn | - |
| 2 | Blackstone | 114.80 Bn | 112.30 Bn | - |
| 3 | Kkr | 97.09 Bn | -179.99 Bn | - |
| 4 | Brookfield | 93.30 Bn | 45.90 Bn | - |
| 5 | Brookfield Asset Management | 83.38 Bn | 81.88 Bn | - |
| 6 | Apollo Global Management | 78.53 Bn | 53.15 Bn | 10.54 Bn |
| 7 | State Street | 51.20 Bn | 51.20 Bn | - |
| 8 | Ameriprise Financial | 51.15 Bn | 40.11 Bn | 4.72 Bn |
| 9 | Raymond James Financial | 33.91 Bn | 20.66 Bn | - |
| 10 | StepStone | 3.97 Bn | 3.07 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 1.13 Bn |
| Jun 30, 2025 | 380.40 Mn |
| Mar 31, 2025 | 340.45 Mn |
| Dec 31, 2024 | 654.98 Mn |
| Sep 30, 2024 | 170.64 Mn |
| Jun 30, 2024 | 98.24 Mn |
| Mar 31, 2024 | 214.88 Mn |
| Dec 31, 2023 | -28.85 Mn |
| Sep 30, 2023 | 98.60 Mn |
| Jun 30, 2023 | 87.92 Mn |
| Mar 31, 2023 | 64.63 Mn |
| Dec 31, 2022 | -38.33 Mn |
| Sep 30, 2022 | -137.88 Mn |
| Jun 30, 2022 | -102.65 Mn |
| Mar 31, 2022 | 234.89 Mn |
| Dec 31, 2021 | 262.43 Mn |
| Sep 30, 2021 | 148.08 Mn |
| Jun 30, 2021 | 157.29 Mn |
| Mar 31, 2021 | 191.12 Mn |
| Dec 31, 2020 | 123.81 Mn |