StepStone (STEP) Tax Rate (2019 - 2025)

StepStone (STEP) posted Tax Rate of 14.85% for Q3 2025, down 63.77% on a QoQ basis from 40.98% in Q2 2025, and up 664.0% year-over-year from 1.94% in Q3 2024.

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

StepStone's Tax Rate history runs 7 years deep, the most recent figure standing at 14.85% for 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 was 14.85% for Q3 2025 at StepStone, 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.
  • A 5-year average of 8.11% and a median of 10.56% in 2022 frame the typical range for Tax Rate.
  • Peak annual rise in Tax Rate reached 2858 bps in 2025, while the deepest fall reached 4486 bps in 2025.
  • StepStone's 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.
  • Business Quant data shows STEP's Tax Rate at 14.85% in Q3 2025, 40.98% in Q2 2025, and 32.19% in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -1.22%
2 BlackRock 161.01 Bn 148.08 Bn - 18.16%
3 Blackstone 97.77 Bn 96.72 Bn - 13.55%
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 598.59%
5 State Street 51.30 Bn 51.30 Bn - 21.16%
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 20.02%
7 Northern Trust 32.93 Bn 32.93 Bn - 24.99%
8 Raymond James Financial 32.59 Bn 17.67 Bn - 25.99%
9 Price T Rowe 24.70 Bn 21.13 Bn - 23.43%
10 StepStone 3.23 Bn 3.12 Bn - -

Historic Data

Download Data
DateValue
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%