StepStone (STEP) Share-based Compensation (2019 - 2025)

StepStone (STEP) reported Share-based Compensation of $380.4 million for Q4 2025, down 20.13% on a YoY basis from $476.3 million in Q4 2024, and down 56.55% quarter-over-quarter from $875.5 million in Q3 2025.

StepStone (STEP) Share-based Compensation (2019 - 2025) Analysis & Trends

StepStone has reported Share-based Compensation for 7 years, with the latest figure at $380.4 million in Q4 2025.

  • For the quarter ending Q4 2025, Share-based Compensation fell 20.13% year-over-year to $380.4 million; the trailing twelve-month figure through Dec 2025 stood at $1.6 billion (up 188.16% YoY), and the FY2025 full-year result was $650.1 million, up 1548.07% from the prior year.
  • Share-based Compensation for Q4 2025 stood at $380.4 million, down from $875.5 million in the prior quarter.
  • The five-year high for Share-based Compensation was $875.5 million in Q3 2025, with the low at $3.2 million in Q3 2021.
  • Historically, Share-based Compensation has averaged $108.5 million across 5 years, with a median of $8.9 million in 2023.
  • Annual changes were most pronounced in 2024 — Share-based Compensation soared 3252.09% — and 2025, when it fell 20.13%.
  • StepStone's Share-based Compensation stood at $3.4 million in 2021, then surged by 137.98% to $8.1 million in 2022, then soared by 75.23% to $14.2 million in 2023, then soared by 3252.09% to $476.3 million in 2024, then retreated by 20.13% to $380.4 million in 2025.
  • The last three Share-based Compensation figures came in at $380.4 million (Q4 2025), $875.5 million (Q3 2025), and $181.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 319.00 Mn
2 Blackstone 96.85 Bn 95.80 Bn - 560.86 Mn
3 Kkr 86.45 Bn 133.96 Bn - 180.11 Mn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 232.00 Mn
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 39.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - 54.00 Mn
9 Ares Management 29.04 Bn 32.41 Bn - -
10 StepStone 3.56 Bn 4.40 Bn - 380.39 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 380.39 Mn
Dec 31, 2025 380.39 Mn
Sep 30, 2025 875.50 Mn
Sep 30, 2025 875.50 Mn
Jun 30, 2025 181.65 Mn
Jun 30, 2025 181.65 Mn
Mar 31, 2025 120.34 Mn
Mar 31, 2025 120.34 Mn
Dec 31, 2024 476.27 Mn
Dec 31, 2024 476.27 Mn
Sep 30, 2024 34.98 Mn
Sep 30, 2024 34.98 Mn
Jun 30, 2024 18.55 Mn
Jun 30, 2024 18.55 Mn
Mar 31, 2024 10.85 Mn
Mar 31, 2024 10.85 Mn
Dec 31, 2023 14.21 Mn
Dec 31, 2023 14.21 Mn
Sep 30, 2023 5.92 Mn
Sep 30, 2023 5.92 Mn