StepStone (STEP) Tax Rate (2019 - 2025)
StepStone posted quarterly Tax Rate of 14.85% for Q3 2025, up 664.0% year-on-year from 1.94% in Q3 2024, and down 63.77% on a QoQ basis from 40.98% in Q2 2025.
StepStone (STEP) has 7 years of Tax Rate data on file, last reported at 14.85% in Q3 2025.
- For the quarter ending Q3 2025, Tax Rate rose 664.0% year-over-year to 14.85%; the trailing twelve-month figure through Sep 2025 stood at 16.43% (up 398.0% YoY), and the FY2025 full-year result was 22.16%, up 805.0% from the prior year.
- Tax Rate for Q3 2025 stood at 14.85%, down from 40.98% in the prior quarter.
- Across five years, Tax Rate topped out at 40.98% in Q2 2025 and bottomed at 32.19% in Q1 2025.
- The 5-year median for Tax Rate is 10.56% (2022), against an average of 8.11%.
- Peak annual rise in Tax Rate reached 2858 bps in 2025, while the deepest fall reached 4486 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 11.11% in 2021, then plunged by 54 bps to 5.12% in 2022, then slumped by 42 bps to 2.99% in 2023, then jumped by 457 bps to 16.7% in 2024, then fell by 11 bps to 14.85% in 2025.
- The last three Tax Rate figures came in at 14.85% (Q3 2025), 40.98% (Q2 2025), and 32.19% (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 18.16 |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 13.55 |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 40.05 |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 15.80 |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 598.59 |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 21.16 |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 20.02 |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 24.99 |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 19.13 |
| 10 | StepStone | 3.79 Bn | 4.63 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 14.85 |
| Sep 30, 2025 | 14.85 |
| Jun 30, 2025 | 40.98 |
| Jun 30, 2025 | 40.98 |
| Mar 31, 2025 | -32.19 |
| Mar 31, 2025 | -32.19 |
| Dec 31, 2024 | 16.70 |
| Dec 31, 2024 | 16.70 |
| Sep 30, 2024 | 8.21 |
| Sep 30, 2024 | 8.21 |
| Jun 30, 2024 | 12.39 |
| Jun 30, 2024 | 12.39 |
| Mar 31, 2024 | 12.67 |
| Mar 31, 2024 | 12.67 |
| Dec 31, 2023 | 2.99 |
| Dec 31, 2023 | 2.99 |
| Sep 30, 2023 | 11.54 |
| Sep 30, 2023 | 11.54 |
| Jun 30, 2023 | 14.81 |
| Jun 30, 2023 | 14.81 |
| Mar 31, 2023 | 15.83 |
| Mar 31, 2023 | 15.83 |
| Dec 31, 2022 | 5.12 |
| Dec 31, 2022 | 5.12 |
| Sep 30, 2022 | 9.96 |
| Sep 30, 2022 | 9.96 |
| Jun 30, 2022 | -6.37 |
| Jun 30, 2022 | -6.37 |
| Mar 31, 2022 | 10.56 |
| Mar 31, 2022 | 10.56 |
| Dec 31, 2021 | 11.11 |
| Dec 31, 2021 | 11.11 |
| Sep 30, 2021 | -12.44 |
| Sep 30, 2021 | -12.44 |
| Jun 30, 2021 | 10.23 |
| Jun 30, 2021 | 10.23 |
| Mar 31, 2021 | 7.17 |
| Mar 31, 2021 | 7.17 |
| Dec 31, 2020 | 8.16 |
| Dec 31, 2020 | 8.16 |
| Sep 30, 2020 | 0.81 |
| Sep 30, 2020 | 0.81 |
| Jun 30, 2020 | -2.26 |
| Jun 30, 2020 | -2.26 |
| Mar 31, 2020 | 2.49 |
| Mar 31, 2020 | 2.49 |
| Dec 31, 2019 | 5.47 |
| Dec 31, 2019 | 5.47 |
| Sep 30, 2019 | 2.22 |
| Sep 30, 2019 | 2.22 |