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| Date | Value |
|---|---|
| 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 |