StepStone Group Inc. STEP Business Segments
| TTM Q4 '26 | TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Product | ||||||
| Carried Interest Allocations | $708.29M+25.2% | $565.78M+5.8% | $534.7M+34.4% | $397.85M+32.1% | $301.2M-19.4% | |
| Legacy Greenspring Carried Interest Allocations | $138.71M+17.5% | $118.02M-13.4% | $136.29M+10.7% | $123.07M+65.5% | $74.34M— | |
| Management and advisory fees, net | $926.47M+5.3% | $880M+5.9% | $830.9M+3.8% | $800.17M+4.3% | $767.01M+8.5% | |
| Performance Fees | $1.07B+18.2% | $902.76M+28.2% | $704.36M+27.5% | $552.54M+35.5% | $407.82M-8.7% | |
| Realized | $168.58M-18.1% | $205.92M+12.2% | $183.5M+29.0% | $142.25M-10.9% | $159.65M+56.9% | |
| Total incentive fees | $220.18M+0.5% | $219M+556% | $33.37M+5.5% | $31.62M-2.0% | $32.28M+11.8% | |
| Unrealized | $539.71M+50.0% | $359.86M+2.5% | $351.2M+37.4% | $255.6M+80.6% | $141.55M-48.0% | |
| Service fees by Product | ||||||
| Advisory and other services | $74.49M+0.1% | $74.42M+1.1% | $73.58M+1.9% | $72.23M+7.7% | $67.06M+6.0% | |
| Focused commingled funds | $547.76M+7.2% | $510.84M+8.1% | $472.44M+4.0% | $454.36M+3.2% | $440.13M+10.9% | |
| Fund reimbursement revenues | $10.58M+8.6% | $9.75M+9.8% | $8.88M+12.9% | $7.87M+10.6% | $7.11M+18.3% | |
| Income Based Incentive Fees | $22.8M+19.4% | $19.1M+25.7% | $15.2M+35.7% | $11.2M+41.8% | $7.9M+49.1% | |
| SMAs | $293.63M+3.0% | $284.99M+3.3% | $276M+3.9% | $265.71M+5.1% | $252.71M+4.9% | |
| Revenue from contracts with customer by Product | ||||||
| Focused commingled funds | $209.86M+0.5% | $208.9M+796% | $23.32M-1.0% | $23.55M+0.6% | $23.4M— | |
| SMAs | $155.87M+0.1% | $155.66M+6.1% | $146.68M+1.4% | $144.7M+92.6% | $75.12M+3.0% | |
| Total carried interest allocations by Product | ||||||
| Carried Interest Allocation, Focused Commingled Funds | $356.79M+46.3% | $243.95M+20.8% | $202.01M+58.0% | $127.88M-1.2% | $129.4M+43.8% | |
| Carried Interest Allocation, Separately Managed Accounts | $351.51M+9.2% | $321.83M-3.3% | $332.69M+23.2% | $269.97M+57.1% | $171.8M-39.5% | |
| Legacy carried interest allocation, SMAs | $989K— | —— | —— | —— | —— | |
| Legacy gross carried interest allocation, focused comingled funds | $19.8M-20.2% | $24.8M-60.5% | $62.8M+2.3% | $61.4M-2.7% | $63.1M-30.3% | |
| Total revenues by Geography | ||||||
| Non-U.S. countries | $921.86M+6.0% | $869.89M+2.2% | $850.77M+10.9% | $767.23M+17.4% | $653.59M-11.0% | |
| United States | $1.07B+17.4% | $912.87M+33.4% | $684.49M+16.9% | $585.49M+12.3% | $521.24M+24.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does StepStone Group Inc. break its business down?
- StepStone Group Inc. (STEP) reports total revenues by product across 7 parts — Carried Interest Allocations, Legacy Greenspring Carried Interest Allocations, Management and advisory fees, net, Performance Fees and Realized. Each is extracted from the segment footnotes and tracked over time.
- Where does StepStone Group Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in StepStone Group Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.