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| 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 |