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

StepStone (STEP) posted Share-based Compensation of $1.4 billion for Q4 2025, up 891.36% on a QoQ basis from -$181.7 million in Q3 2025, and up 201.84% year-over-year from $476.3 million in Q4 2024.

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

StepStone's Share-based Compensation history runs 7 years deep, the most recent figure standing at $1.4 billion for Q4 2025.

  • Quarterly Share-based Compensation rose 201.84% year-over-year to $1.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $909.2 million (up 60.54% YoY) and the FY2025 annual result came in at $1.5 million, down 96.27% from the prior year.
  • Share-based Compensation was $1.4 billion for Q4 2025 at StepStone, up from -$181.7 million in the prior quarter.
  • Across five years, Share-based Compensation topped out at $1.4 billion in Q4 2025 and bottomed at -$528.3 million in Q1 2025.
  • A 5-year average of $88.4 million and a median of $13.1 million in 2023 frame the typical range for Share-based Compensation.
  • Peak annual rise in Share-based Compensation reached 15819.88% in 2021, while the deepest fall reached 7446.32% in 2021.
  • StepStone's Share-based Compensation stood at -$7.0 million in 2021, then surged by 85.52% to -$1.0 million in 2022, then slumped by 1043.0% to -$11.5 million in 2023, then jumped by 4237.84% to $476.3 million in 2024, then surged by 201.84% to $1.4 billion in 2025.
  • Business Quant data shows STEP's Share-based Compensation at $1.4 billion in Q4 2025, -$181.7 million in Q3 2025, and $181.7 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - 65.00 Mn
3 Blackstone 97.77 Bn 96.72 Bn - 560.90 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 232.00 Mn
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 39.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - -
8 Raymond James Financial 32.59 Bn 17.67 Bn - 54.00 Mn
9 Price T Rowe 24.70 Bn 21.13 Bn - 49.10 Mn
10 StepStone 3.23 Bn 3.12 Bn - 1.44 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.44 Bn
Dec 31, 2025 1.44 Bn
Sep 30, 2025 -181.65 Mn
Sep 30, 2025 -181.65 Mn
Jun 30, 2025 181.65 Mn
Jun 30, 2025 181.65 Mn
Mar 31, 2025 -528.32 Mn
Mar 31, 2025 -528.32 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 36.57 Mn
Mar 31, 2024 36.57 Mn
Dec 31, 2023 -11.51 Mn
Dec 31, 2023 -11.51 Mn
Sep 30, 2023 13.15 Mn
Sep 30, 2023 13.15 Mn