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+135% | $565.78M+51.3% | $534.7M+277% | $397.85M+208% | $301.2M+70.8% | |
| Legacy Greenspring Carried Interest Allocations | $138.71M+86.6% | $118.02M— | $136.29M— | $123.07M— | $74.34M— | |
| Management and advisory fees, net | $926.47M+20.8% | $880M+24.5% | $830.9M+24.4% | $800.17M+28.0% | $767.01M+31.1% | |
| Performance Fees | $1.07B+162% | $902.76M+102% | $704.36M+431% | $552.54M+482% | $407.82M+222% | |
| Realized | $168.58M+5.6% | $205.92M+102% | $183.5M+97.8% | $142.25M+85.4% | $159.65M+223% | |
| Total incentive fees | $220.18M+582% | $219M+659% | $33.37M+36.9% | $31.62M+20.8% | $32.28M+27.4% | |
| Unrealized | $539.71M+281% | $359.86M+32.2% | $351.2M+614% | $255.6M+388% | $141.55M+11.5% | |
| Service fees by Product | ||||||
| Advisory and other services | $74.49M+11.1% | $74.42M+17.6% | $73.58M+18.9% | $72.23M+18.9% | $67.06M+11.7% | |
| Focused commingled funds | $547.76M+24.5% | $510.84M+28.8% | $472.44M+27.6% | $454.36M+36.3% | $440.13M+48.7% | |
| Fund reimbursement revenues | $10.58M+48.8% | $9.75M+62.0% | $8.88M+80.3% | $7.87M+46.5% | $7.11M+36.8% | |
| Income Based Incentive Fees | $22.8M+189% | $19.1M+260% | $15.2M+300% | $11.2M+348% | $7.9M+464% | |
| SMAs | $293.63M+16.2% | $284.99M+18.3% | $276M+19.7% | $265.71M+17.8% | $252.71M+12.8% | |
| Revenue from contracts with customer by Product | ||||||
| Focused commingled funds | $209.86M+797% | $208.9M— | $23.32M— | $23.55M— | $23.4M— | |
| SMAs | $155.87M+107% | $155.66M+114% | $146.68M+855% | $144.7M+747% | $75.12M+361% | |
| Total carried interest allocations by Product | ||||||
| Carried Interest Allocation, Focused Commingled Funds | $356.79M+176% | $243.95M+171% | $202.01M+705% | $127.88M+331% | $129.4M+282% | |
| Carried Interest Allocation, Separately Managed Accounts | $351.51M+105% | $321.83M+13.4% | $332.69M+185% | $269.97M+171% | $171.8M+20.6% | |
| Legacy carried interest allocation, SMAs | $989K— | —— | —— | —— | —— | |
| Legacy gross carried interest allocation, focused comingled funds | $19.8M-68.6% | $24.8M-72.6% | $62.8M+20.1% | $61.4M-6.1% | $63.1M+5.7% | |
| Total revenues by Geography | ||||||
| Non-U.S. countries | $921.86M+41.0% | $869.89M+18.5% | $850.77M+60.2% | $767.23M+52.8% | $653.59M+25.6% | |
| United States | $1.07B+106% | $912.87M+117% | $684.49M+154% | $585.49M+169% | $521.24M+172% |
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.