StepStone (STEP) Tax Rate (2019 - 2025)
StepStone's (STEP) quarterly Tax Rate came in at 14.85% in Q3 2025, up 664.0% YoY from 1.94% in Q3 2024, and down 63.77% on a QoQ basis from 40.98% in Q2 2025.
StepStone (STEP) Tax Rate (2019 - 2025) Analysis & Trends
StepStone (STEP) has 7 years of Tax Rate data on file, last reported at 14.85% in Q3 2025.
- Quarterly Tax Rate rose 664.0% year-over-year to 14.85% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 16.43% (up 398.0% YoY) and the FY2025 annual result came in at 22.16%, up 805.0% from the prior year.
- Tax Rate declined to 14.85% in Q3 2025, from 40.98% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 40.98% in Q2 2025 to a low of 32.19% in Q1 2025.
- A 5-year average of 8.11% and a median of 10.56% in 2022 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 2858 bps in 2025, down 4486 bps in 2025.
- Tracing STEP's Tax Rate over 5 years: stood at 11.11% in 2021, then sank by 54 bps to 5.12% in 2022, then tumbled by 42 bps to 2.99% in 2023, then soared by 457 bps to 16.7% in 2024, then declined 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 24.90% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 16.11% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 17.91% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 12.14% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 15.94% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 21.96% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 22.82% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 25.59% |
| 10 | StepStone | 3.89 Bn | 2.98 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 14.85% |
| Sep 30, 2025 | 14.85% |
| Sep 30, 2025 | 14.85% |
| Jun 30, 2025 | 40.98% |
| Jun 30, 2025 | 40.98% |
| Jun 30, 2025 | 40.98% |
| Mar 31, 2025 | -32.19% |
| Mar 31, 2025 | -32.19% |
| Mar 31, 2025 | -32.19% |
| Dec 31, 2024 | 16.70% |
| Dec 31, 2024 | 16.70% |
| Dec 31, 2024 | 16.70% |
| Sep 30, 2024 | 8.21% |
| Sep 30, 2024 | 8.21% |
| Sep 30, 2024 | 8.21% |
| Jun 30, 2024 | 12.39% |
| Jun 30, 2024 | 12.39% |
| Jun 30, 2024 | 12.39% |
| Mar 31, 2024 | 12.67% |
| Mar 31, 2024 | 12.67% |