StepStone (STEP) Other Operating Expenses (2019 - 2025)

StepStone (STEP) reported Other Operating Expenses of $1.1 billion for 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.

StepStone (STEP) Other Operating Expenses (2019 - 2025) Analysis & Trends

StepStone has reported Other Operating Expenses for 7 years, with the latest figure at $1.1 billion 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 Dec 2025 stood at $1.9 billion (up 62.68% YoY), and the FY2025 full-year result was $1.3 billion, up 239.37% from the prior year.
  • Other Operating Expenses for Q3 2025 stood at $1.1 billion, up from $380.4 million in the prior quarter.
  • The five-year high for Other Operating Expenses was $1.1 billion in Q3 2025, with the low 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.
  • Annual changes were most pronounced in 2022 — Other Operating Expenses sank 193.11% — and 2024, when it jumped 2370.43%.
  • StepStone's Other Operating Expenses 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.

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
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