StepStone Group Inc. STEP Business Segments
| FY'26 | FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|---|
| Total revenues by Product | |||||
| Carried Interest Allocations | $708.29M+135% | $301.2M+70.8% | $176.31M— | —— | |
| Legacy Greenspring Carried Interest Allocations | $138.71M+86.6% | $74.34M— | —— | -$452.16M-342% | |
| Management and advisory fees, net | $926.47M+20.8% | $767.01M+31.1% | $585.14M+17.7% | $497.18M+30.7% | |
| Performance Fees | $1.07B+162% | $407.82M+222% | $126.49M— | —— | |
| Realized | $168.58M+5.6% | $159.65M+223% | $49.4M-62.3% | $131.09M-34.7% | |
| Total incentive fees | $220.18M+582% | $32.28M+27.4% | $25.34M+162% | $9.66M-16.6% | |
| Unrealized | $539.71M+281% | $141.55M+11.5% | $126.91M— | —— | |
| Service fees by Product | |||||
| Advisory and other services | $74.49M+11.1% | $67.06M+11.7% | $60.06M+6.8% | $56.24M+1.3% | |
| Focused commingled funds | $547.76M+24.5% | $440.13M+48.7% | $295.93M+30.4% | $227M+52.6% | |
| Fund reimbursement revenues | $10.58M+48.8% | $7.11M+36.8% | $5.2M+38.8% | $3.75M+121% | |
| Income Based Incentive Fees | $22.8M+189% | $7.9M+464% | $1.4M— | $0— | |
| SMAs | $293.63M+16.2% | $252.71M+12.8% | $223.96M+6.6% | $210.19M+20.6% | |
| Revenue from contracts with customer by Product | |||||
| Focused commingled funds | $209.86M+797% | $23.4M— | —— | $107.35M+70,526% | |
| SMAs | $155.87M+107% | $75.12M+361% | $16.29M-71.4% | $57.07M+2.9% | |
| Total carried interest allocations by Product | |||||
| Carried Interest Allocation, Focused Commingled Funds | $356.79M+176% | $129.4M+282% | $33.9M— | —— | |
| Carried Interest Allocation, Separately Managed Accounts | $351.51M+105% | $171.8M+20.6% | $142.41M— | —— | |
| Legacy carried interest allocation, SMAs | $989K— | —— | $1.03M— | $0— | |
| Legacy gross carried interest allocation, focused comingled funds | $19.8M-68.6% | $63.1M+5.7% | $59.7M-20.1% | $74.7M— | |
| Total revenues by Geography | |||||
| Non-U.S. countries | $921.86M+41.0% | $653.59M+25.6% | $520.26M+204% | $170.87M-81.8% | |
| United States | $1.07B+106% | $521.24M+172% | $191.37M+180% | -$238.44M-156% |
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.