Growth Metrics

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

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DateValue
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