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StepStone Group Inc. STEP Effective tax rates

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Other financials

Income statement

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Revenue$378.9M+4.0%
Net income-$115.8M-201%
EPS (diluted)-$1.41-188%

Balance sheet

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Cash & equivalents$703.1M+187%
Total debt$391.5M+2.5%
Total equity-$539.2M-450%
Total assets$7.8B+62.4%

Cash flow

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Operating cash flow-$457.5M-1,089%
CapEx$549.0K-49.9%
Free cash flow-$458.1M-1,114%

Valuation

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Market cap$3.82B-16.9%
Enterprise value$3.51B-25.9%
P/S1.9×-1.5×

Profitability

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Net margin-30.5%+112pp
FCF margin11.8%

Returns & leverage

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Return on equity-88.8%-97.7pp
Debt / equity2.5×+1.7×

Where this comes from

Reported directly by StepStone Group Inc. in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.

The source filing: StepStone Group Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-054818

The Company’s effective income tax rate was 14.9% and 41.0% for the three months ended June 30, 2026 and 2025, respectively. The overall effective tax rate for the three months ended June 30, 2026 is less than the statutory rate. This is primarily due to a portion of net loss allocated to non-controlling interests and the related tax benefit being borne by the holders of non-controlling interests. The decrease in the effective tax rate for the three months ended June 30, 2026 as compared to the prior year period was mainly driven by a decrease in the tax benefit associated with net loss allocated to non-controlling interests in a period of increased pre-tax net loss.

Item 1. Financial Statements

FAQ

What is StepStone Group Inc.'s effective tax rates?
StepStone Group Inc. (STEP) reported effective tax rates of $0.15 in Q2 2026.
How has StepStone Group Inc.'s effective tax rates changed year-over-year?
StepStone Group Inc.'s effective tax rates decreased by 63.7% year-over-year, from $0.41 to $0.15.
What is the long-term trend for StepStone Group Inc.'s effective tax rates?
Over 3 years (2022 to 2026), StepStone Group Inc.'s effective tax rates has grown at a 91.6% compound annual growth rate (CAGR), from $0.1 to $0.73.
What does effective tax rates mean?
Effective tax rates

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