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% on a YoY basis from $170.6 million in Q3 2024, and up 197.5% quarter-over-quarter from $380.4 million in Q2 2025.
Analysis
StepStone (STEP) Other Operating Expenses (2019 - 2025) Analysis & Trends
StepStone (STEP) has reported Other Operating Expenses for 7 consecutive years, with $1.1 billion the latest figure, recorded in Q3 2025.
- For the quarter ending Q3 2025, Other Operating Expenses rose 563.22% year-over-year to $1.1 billion; the trailing twelve-month figure through Sep 2025 stood at $2.5 billion (up 451.22% YoY), and the FY2025 full-year result was $1.3 billion, up 239.37% from the prior year.
- Other Operating Expenses improved to $1.1 billion in Q3 2025 per STEP's latest filing, from $380.4 million in the prior quarter.
- Across five years, Other Operating Expenses topped out at $1.1 billion in Q3 2025 and bottomed at -$137.9 million in Q3 2022.
- Historically, Other Operating Expenses has averaged $206.8 million across 5 years, with a median of $157.3 million in 2021.
- The sharpest annual moves came in 2022 and 2024: Other Operating Expenses slumped 193.11% in 2022, then surged 2370.43% in 2024.
- Over 5 years, Other Operating Expenses stood at $262.4 million in 2021, then plunged by 114.61% to -$38.3 million in 2022, then gained by 24.75% to -$28.8 million in 2023, then soared by 2370.43% to $655.0 million in 2024, then soared by 72.78% to $1.1 billion in 2025.
- According to Business Quant data, Other Operating Expenses over the past three periods registered $1.1 billion, $380.4 million, and $340.4 million for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Blackstone | 100.98 Bn | 98.47 Bn | - |
| 2 | Kkr | 90.41 Bn | -186.66 Bn | - |
| 3 | Apollo Global Management | 76.61 Bn | 51.24 Bn | 10.54 Bn |
| 4 | Brookfield Asset Management | 75.69 Bn | 74.18 Bn | - |
| 5 | Wheaton Precious Metals | 69.22 Bn | 69.12 Bn | 687.86 Mn |
| 6 | Franco Nevada | 50.47 Bn | 48.93 Bn | 451.00 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn |
| 8 | Ares Management | 30.04 Bn | 30.04 Bn | - |
| 9 | Carlyle | 15.48 Bn | 14.22 Bn | - |
| 10 | StepStone | 3.97 Bn | 3.06 Bn | - |
Historic Data
Download Data
Historic 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 |