StepStone (STEP) Tax Rate (2019 - 2024)
StepStone (STEP) posted Tax Rate of 14.85% for fiscal Q2 2026 (quarter ended Sep 30, 2025), up 6.64 percentage points from 8.21% a year earlier but down 26.13 percentage points from the prior quarter.
StepStone (STEP) Tax Rate (2019 - 2024) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, Tax Rate at StepStone was 16.43%, up 3.98 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it was 22.16%, up 8.05 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +19.50 percentage points (FY2020 to FY2025).
- In prior fiscal years, StepStone's Tax Rate was 14.11% in FY2024 (+23.33 pp), -9.22% in FY2023 (-14.74 pp), 5.52% in FY2022 (-1.36 pp) and 6.88% in FY2021 (+4.22 pp).
- Quarterly Tax Rate has run from a low of -32.19% in fiscal Q4 2025 to a high of 40.98% in fiscal Q1 2026 over five years.
- On a year-over-year basis, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of -0.87 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q1 2026, with a gain of 28.58 percentage points; the weakest was fiscal Q4 2025, with a drop of 44.86 percentage points.
- According to Business Quant data, Tax Rate for the three prior fiscal quarters was 40.98% (Q1 2026), -32.19% (Q4 2025) and 16.70% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 24.90% |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 16.11% |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 17.91% |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 12.14% |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 15.94% |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 15.06% |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 23.17% |
| 10 | StepStone | 5.17 Bn | 4.47 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 8.21% |
| Jun 30, 2024 | 12.39% |
| Mar 31, 2024 | 12.67% |
| Sep 30, 2023 | 11.54% |
| Jun 30, 2023 | 14.81% |
| Mar 31, 2023 | 15.83% |
| Mar 31, 2022 | 10.56% |
| Dec 31, 2021 | 11.11% |
| Jun 30, 2021 | 10.23% |
| Mar 31, 2021 | 7.17% |
| Dec 31, 2020 | 8.16% |
| Sep 30, 2020 | 0.81% |
| Mar 31, 2020 | 2.49% |
| Dec 31, 2019 | 5.47% |
| Sep 30, 2019 | 2.22% |
StepStone Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();