StepStone (STEP) Tax Rate (2019 - 2025)
StepStone's (STEP) quarterly Tax Rate came in at 14.85% in Q3 2025, up 664.0% on a YoY basis from 1.94% in Q3 2024, and down 63.77% quarter-over-quarter from 40.98% in Q2 2025.
Powered by 
Analysis
StepStone (STEP) Tax Rate (2019 - 2025) Analysis & Trends
StepStone (STEP) has reported Tax Rate for 7 consecutive years, with 14.85% the latest figure, recorded 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 slipped to 14.85% in Q3 2025 per STEP's latest filing, 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.
- Historically, Tax Rate has averaged 8.11% across 5 years, with a median of 10.56% in 2022.
- The widest YoY moves for Tax Rate: up 2858 bps in 2025, down 4486 bps in 2025.
- Over 5 years, Tax Rate stood at 11.11% in 2021, then tumbled by 54 bps to 5.12% in 2022, then sank by 42 bps to 2.99% in 2023, then surged by 457 bps to 16.7% in 2024, then retreated by 11 bps to 14.85% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 14.85%, 40.98%, and 32.19% for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 100.29 Bn | 97.79 Bn | - | 16.11% |
| 2 | Kkr | 90.29 Bn | -186.78 Bn | - | 17.91% |
| 3 | Apollo Global Management | 75.67 Bn | 50.30 Bn | 10.54 Bn | 15.94% |
| 4 | Brookfield Asset Management | 75.51 Bn | 74.01 Bn | - | 12.14% |
| 5 | Wheaton Precious Metals | 68.40 Bn | 68.30 Bn | 687.86 Mn | 12.96% |
| 6 | Franco Nevada | 50.19 Bn | 48.65 Bn | 451.00 Mn | 23.17% |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -0.97% |
| 8 | Ares Management | 29.57 Bn | 29.57 Bn | - | 18.91% |
| 9 | Carlyle | 15.41 Bn | 14.15 Bn | - | 17.90% |
| 10 | StepStone | 3.92 Bn | 3.02 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 14.85% |
| Jun 30, 2025 | 40.98% |
| Mar 31, 2025 | -32.19% |
| Dec 31, 2024 | 16.70% |
| Sep 30, 2024 | 8.21% |
| Jun 30, 2024 | 12.39% |
| Mar 31, 2024 | 12.67% |
| Dec 31, 2023 | 2.99% |
| Sep 30, 2023 | 11.54% |
| Jun 30, 2023 | 14.81% |
| Mar 31, 2023 | 15.83% |
| Dec 31, 2022 | 5.12% |
| Sep 30, 2022 | 9.96% |
| Jun 30, 2022 | -6.37% |
| Mar 31, 2022 | 10.56% |
| Dec 31, 2021 | 11.11% |
| Sep 30, 2021 | -12.44% |
| Jun 30, 2021 | 10.23% |
| Mar 31, 2021 | 7.17% |
| Dec 31, 2020 | 8.16% |