StepStone (STEP) Tax Provisions (2019 - 2025)

StepStone (STEP) reported Tax Provisions of -$100.3 million for 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.

StepStone (STEP) Tax Provisions (2019 - 2025) Analysis & Trends

StepStone has reported Tax Provisions for 7 years, with the latest figure 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.
  • The five-year high for Tax Provisions was $15.8 million in Q4 2021, with the low 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.
  • Annual changes were most pronounced in 2021 — Tax Provisions soared 1145.51% — and 2024, when it tumbled 7860.17%.
  • StepStone's Tax Provisions stood at $15.8 million in 2021, then sank by 104.64% to -$732000.0 in 2022, then advanced by 1.23% to -$723000.0 in 2023, then plunged by 7860.17% to -$57.6 million in 2024, then slumped 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 163.18 Bn 153.56 Bn - 516.00 Mn
2 Blackstone 96.85 Bn 95.80 Bn - 197.15 Mn
3 Kkr 86.45 Bn 133.96 Bn - 185.39 Mn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.69 Bn
5 State Street 46.95 Bn 21.27 Bn - 205.00 Mn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 229.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - 175.10 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 191.00 Mn
9 Ares Management 29.04 Bn 32.41 Bn - 59.87 Mn
10 StepStone 3.56 Bn 4.40 Bn - -

Historic Data

Download Data
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