StepStone (STEP) Other Operating Expenses (2019 - 2025)
StepStone (STEP) reported Other Operating Expenses of $1.13 billion for fiscal Q2 2026 (quarter ended Sep 30, 2025), up 563.2% from $170.64 million a year earlier and up 197.5% from the prior quarter.
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Analysis
StepStone (STEP) Other Operating Expenses (2019 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, StepStone's Other Operating Expenses came in at $2.51 billion, up 451.2% year-over-year; for FY2025 (ended Mar 31, 2025), it was $1.26 billion, up 239.4% from FY2024.
- Other Operating Expenses has a five-year compound annual growth rate of 39.2% (FY2020 to FY2025).
- By fiscal year, Other Operating Expenses came in at $372.54 million in FY2024, -$214.24 million in FY2023, $802.7 million in FY2022 (+95.3%) and $411.06 million in FY2021 (+69.6%).
- The fiscal Q2 2026 figure ranks as the highest quarterly Other Operating Expenses in data going back to fiscal Q2 2020.
- Year over year, Other Operating Expenses has now increased in each of the last three quarters, with growth averaging 204.4% over the last six quarters.
- The high point for year-over-year Other Operating Expenses in five years was fiscal Q2 2026 (growth of 563.2%); the low point was fiscal Q4 2023 (a decline of 72.5%).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at $380.4 million (Q1 2026), $340.45 million (Q4 2025) and $654.98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn |
| 10 | StepStone | 5.14 Bn | 4.44 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 |
API Access
StepStone Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();