StepStone (STEP) Tax Rate (2019 - 2025)

StepStone (STEP) reported Tax Rate of 14.85% for 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.

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

StepStone has reported Tax Rate for 7 years, with the latest figure 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.
  • The five-year high for Tax Rate was 40.98% in Q2 2025, with the low 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 largest YoY upside for Tax Rate was 2858 bps in 2025 against a maximum downside of 4486 bps in 2025.
  • StepStone's Tax Rate 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 18.16
2 Blackstone 96.85 Bn 95.80 Bn - 13.55
3 Kkr 86.45 Bn 133.96 Bn - 40.05
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 598.59
5 State Street 46.95 Bn 21.27 Bn - 21.16
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 20.02
7 Northern Trust 31.92 Bn 31.92 Bn - 24.99
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - 19.13
10 StepStone 3.56 Bn 4.40 Bn - -

Historic Data

Download Data
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%