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| Date | Value |
|---|---|
| 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% |