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StepStone Group Inc. STEP Business Segments

TTM Q4 '26TTM Q3 '26TTM Q2 '26TTM Q1 '26TTM 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%
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%

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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.