StepStone (STEP) Tax Provisions (2019 - 2025)
StepStone's (STEP) quarterly Tax Provisions came in at -$100.3 million in Q3 2025, down 2212.34% on a YoY basis from $4.8 million in Q3 2024, and down 1103.21% quarter-over-quarter from -$8.3 million in Q2 2025.
Analysis
StepStone (STEP) Tax Provisions (2019 - 2025) Analysis & Trends
StepStone (STEP) has reported Tax Provisions for 7 consecutive years, with -$100.3 million the latest figure, recorded in Q3 2025.
- For the quarter ending Q3 2025, Tax Provisions fell 2212.34% year-over-year to -$100.3 million; the trailing twelve-month figure through Sep 2025 stood at -$169.4 million (down 843.21% YoY), and the FY2025 full-year result was -$49.2 million, down 278.45% from the prior year.
- Tax Provisions slipped to -$100.3 million in Q3 2025 per STEP's latest filing, from -$8.3 million in the prior quarter.
- Across five years, Tax Provisions topped out at $15.8 million in Q4 2021 and bottomed at -$100.3 million in Q3 2025.
- Historically, Tax Provisions has averaged -$4.6 million across 5 years, with a median of $4.8 million in 2024.
- The sharpest annual moves came in 2021 and 2024: Tax Provisions jumped 1145.51% in 2021, then plunged 7860.17% in 2024.
- Over 5 years, Tax Provisions stood at $15.8 million in 2021, then tumbled by 104.64% to -$732000.0 in 2022, then grew by 1.23% to -$723000.0 in 2023, then slumped by 7860.17% to -$57.6 million in 2024, then plunged by 74.34% to -$100.3 million in 2025.
- According to Business Quant data, Tax Provisions over the past three periods registered -$100.3 million, -$8.3 million, and -$3.2 million for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 100.98 Bn | 98.47 Bn | - | 452.39 Mn |
| 2 | Kkr | 90.41 Bn | -186.66 Bn | - | 246.11 Mn |
| 3 | Apollo Global Management | 76.61 Bn | 51.24 Bn | 10.54 Bn | 396.00 Mn |
| 4 | Brookfield Asset Management | 75.69 Bn | 74.18 Bn | - | 162.00 Mn |
| 5 | Wheaton Precious Metals | 69.22 Bn | 69.12 Bn | 687.86 Mn | 101.80 Mn |
| 6 | Franco Nevada | 50.47 Bn | 48.93 Bn | 451.00 Mn | 104.90 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -336.00 Mn |
| 8 | Ares Management | 30.04 Bn | 30.04 Bn | - | 72.98 Mn |
| 9 | Carlyle | 15.48 Bn | 14.22 Bn | - | 49.00 Mn |
| 10 | StepStone | 3.97 Bn | 3.06 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -100.34 Mn |
| Jun 30, 2025 | -8.34 Mn |
| Mar 31, 2025 | -3.20 Mn |
| Dec 31, 2024 | -57.55 Mn |
| Sep 30, 2024 | 4.75 Mn |
| Jun 30, 2024 | 6.80 Mn |
| Mar 31, 2024 | 11.97 Mn |
| Dec 31, 2023 | -723,000.00 |
| Sep 30, 2023 | 7.73 Mn |
| Jun 30, 2023 | 8.60 Mn |
| Mar 31, 2023 | 10.69 Mn |
| Dec 31, 2022 | -732,000.00 |
| Sep 30, 2022 | -7.42 Mn |
| Jun 30, 2022 | 1.29 Mn |
| Mar 31, 2022 | 12.24 Mn |
| Dec 31, 2021 | 15.79 Mn |
| Sep 30, 2021 | -14.15 Mn |
| Jun 30, 2021 | 14.42 Mn |
| Mar 31, 2021 | 11.67 Mn |
| Dec 31, 2020 | 9.55 Mn |