Growth Metrics

StepStone (STEP) Tax Provisions (2019 - 2025)

StepStone posted quarterly Tax Provisions of -$100.3 million for Q3 2025, down 2212.34% year-on-year from $4.8 million in Q3 2024, and down 1103.21% on a QoQ basis from -$8.3 million in Q2 2025.

StepStone (STEP) has 7 years of Tax Provisions data on file, last reported at -$100.3 million 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 for Q3 2025 stood at -$100.3 million, down 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.
  • The 5-year median for Tax Provisions is $4.8 million (2024), against an average of -$4.6 million.
  • The widest annual swing landed in 2021, when Tax Provisions soared 1145.51%; it then sank 7860.17% in 2024.
  • A 5-year view of Tax Provisions shows it stood at $15.8 million in 2021, then plunged by 104.64% to -$732000.0 in 2022, then climbed by 1.23% to -$723000.0 in 2023, then tumbled by 7860.17% to -$57.6 million in 2024, then sank by 74.34% to -$100.3 million in 2025.
  • The last three Tax Provisions figures came in at -$100.3 million (Q3 2025), -$8.3 million (Q2 2025), and -$3.2 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 516.00 Mn
2 Blackstone 92.68 Bn 91.63 Bn - 197.15 Mn
3 Kkr 84.94 Bn 132.45 Bn - 185.39 Mn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 110.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.69 Bn
6 State Street 44.42 Bn 18.75 Bn - 205.00 Mn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 229.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - 175.10 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 59.87 Mn
10 StepStone 3.79 Bn 4.63 Bn - -

Historic Data

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DateValue
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
Sep 30, 2020 881,000.00
Jun 30, 2020 1.16 Mn
Mar 31, 2020 1.28 Mn
Dec 31, 2019 997,000.00
Sep 30, 2019 1.05 Mn