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StepStone Group (STEP) Revenue & Revenue Breakdown

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StepStone Group Revenue Highlights

Latest Revenue (Y)

$710.60M

Latest Revenue (Q)

$271.68M

Main Segment (Y)

Management And Advisory Fees, Net

Main Geography (Y)

Non-US

StepStone Group Revenue by Period

StepStone Group Revenue by Year

DateRevenueChange
2024-03-31$710.60M-1151.59%
2023-03-31$-67.57M-104.95%
2022-03-31$1.37B73.35%
2021-03-31$787.72M76.38%
2020-03-31$446.61M74.27%
2019-03-31$256.27M-3.03%
2018-03-31$264.27M-
2017-03-31$264.27M-

StepStone Group generated $710.60M in revenue during NA 2024, up -1151.59% compared to the previous quarter, and up 277.29% compared to the same period a year ago.

StepStone Group Revenue by Quarter

DateRevenueChange
2024-09-30$271.68M44.89%
2024-06-30$187.50M-47.60%
2024-03-31$357.83M-2548.90%
2023-12-31$-14.61M-107.63%
2023-09-30$191.42M7.53%
2023-06-30$178.01M3.27%
2023-03-31$172.37M-4170.22%
2022-12-31$-4.24M-97.33%
2022-09-30$-158.50M105.26%
2022-06-30$-77.22M-121.17%
2022-03-31$364.69M-11.15%
2021-12-31$410.46M45.68%
2021-09-30$281.76M-8.70%
2021-06-30$308.61M-14.05%
2021-03-31$359.07M45.28%
2020-12-31$247.15M1.74%
2020-09-30$242.91M-495.54%
2020-06-30$-61.41M-142.66%
2020-03-31$143.94M102.13%
2019-12-31$71.22M-46.00%
2019-09-30$131.87M32.43%
2019-06-30$99.58M-

StepStone Group generated $271.68M in revenue during Q2 2025, up 44.89% compared to the previous quarter, and up 152.62% compared to the same period a year ago.

StepStone Group Revenue Breakdown

StepStone Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceMar 24Mar 22Mar 21
Legacy Gross Carried Interest Allocation, Focused Commingled Funds$59.70M--
Legacy Carried Interest Allocation, Separately Managed Accounts$1.03M--
Legacy Carried Interest Allocation, Focused Commingled Funds$-76.19M$187.11M-
Legacy Carried Interest Allocation$-75.16M$187.11M-
Carried Interest Allocation, Separately Managed Accounts$142.41M$555.45M$359.70M
Carried Interest Allocation, Focused Commingled Funds$33.90M$231.12M$137.08M
Carried Interest Allocation$176.31M$786.57M-
Management And Advisory Fees, Net, Separately Managed Accounts$223.96M$174.32M$135.78M
Management And Advisory Fees, Net, Fund Reimbursement Revenues$5.20M$1.69M$238.00K
Management And Advisory Fees, Net, Focused Commingled Funds$295.93M$148.72M$97.22M
Management And Advisory Fees, Net, Advisory And Other Services$60.06M$55.52M$52.22M
Management And Advisory Fees, Net$585.14M$380.26M$285.46M
Incentive Fees, Separately Managed Accounts$16.29M$11.44M$5.45M
Incentive Fees, Focused Commingled Funds$9.04M$152.00K$28.00K
Incentive Fees$25.34M$11.59M$5.47M

StepStone Group's latest annual revenue breakdown by segment (product or service), as of Mar 24: Management And Advisory Fees, Net (39.46%), Management And Advisory Fees, Net, Focused Commingled Funds (19.96%), Management And Advisory Fees, Net, Separately Managed Accounts (15.10%), Carried Interest Allocation (11.89%), Carried Interest Allocation, Separately Managed Accounts (9.60%), Management And Advisory Fees, Net, Advisory And Other Services (4.05%), Legacy Gross Carried Interest Allocation, Focused Commingled Funds (4.03%), Carried Interest Allocation, Focused Commingled Funds (2.29%), Incentive Fees (1.71%), Incentive Fees, Separately Managed Accounts (1.10%), Incentive Fees, Focused Commingled Funds (0.61%), Management And Advisory Fees, Net, Fund Reimbursement Revenues (0.35%), Legacy Carried Interest Allocation, Separately Managed Accounts (0.07%), Legacy Carried Interest Allocation (-5.07%), and Legacy Carried Interest Allocation, Focused Commingled Funds (-5.14%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Management And Advisory Fees, Net, Advisory And Other Services$14.91M$14.77M$16.15M$16.07M$13.74M$14.10M$13.93M$13.79M$12.98M$14.86M$15.03M$12.38M$13.26M$12.31M$13.44M$13.60M
Legacy Carried Interest Allocation$13.92M$-9.09M$7.15M$-69.70M$-12.60M$-88.92M$-128.67M$-153.61M$82.15M$104.96M------
Carried Interest Allocation, Separately Managed Accounts$62.09M$-2.81M$190.32M$-92.55M$44.64M$-46.44M$-120.45M$-38.13M$119.17M$133.66M$129.83M$172.79M$201.29M$136.95M$127.23M-
Carried Interest Allocation, Focused Commingled Funds$7.75M$19.44M$43.33M$-21.74M$12.31M$-604.00K$-33.86M$-2.22M$45.56M$65.43M$66.56M$53.57M$81.18M$39.79M$38.84M-
Carried Interest Allocation$69.85M$16.63M$233.65M$-114.30M$56.96M$-47.05M$-154.31M$-40.34M$164.73M$199.09M------
Incentive Fees, Focused Commingled Funds$280.00K$41.00K-$9.19M$345.00K-$2.98M--$52.00K$27.00K$3.00K$70.00K--$28.00K
Incentive Fees$3.15M$841.00K$2.50M$17.89M$4.95M$6.00K$2.98M$5.37M-$5.59M$27.00K$1.80M$4.18M$376.00K$313.00K$1.20M
Legacy Gross Carried Interest Allocation, Focused Commingled Funds$11.90M$6.60M$34.60M$100.00K$25.00M$5.20M$10.60M$29.60M$92.20M$24.60M------
Legacy Carried Interest Allocation, Separately Managed Accounts$71.00K$199.00K$971.00K$-40.00K$98.00K-----------
Incentive Fees, Separately Managed Accounts$2.88M$800.00K$2.98M$8.71M$4.60M$6.00K$5.00K$5.37M-$5.54M-$1.79M$4.11M$376.00K$313.00K$1.17M
Legacy Carried Interest Allocation, Focused Commingled Funds$13.85M$-9.29M$6.17M$-69.66M$-12.70M$-88.92M$-128.67M$-153.61M$82.15M$104.96M------
Management And Advisory Fees, Net, Separately Managed Accounts$61.39M$57.38M$55.95M$55.84M$56.43M$55.74M$53.52M$52.18M$50.46M$47.18M$44.02M$42.51M$40.60M$40.75M$33.08M$31.23M
Management And Advisory Fees, Net, Fund Reimbursement Revenues$1.19M$1.44M$1.15M$1.16M$1.63M$1.26M$632.00K$1.60M$546.00K$636.00K$811.00K$193.00K$51.00K$171.00K$5.00K-
Management And Advisory Fees, Net, Focused Commingled Funds$107.27M$104.44M$80.17M$78.43M$70.32M$67.01M$60.68M$51.55M$52.74M$49.55M$46.52M$28.50M$24.15M$22.98M$23.57M$30.82M
Management And Advisory Fees, Net$184.76M$178.01M$291.52M$151.49M$142.12M$128.75M$119.12M$116.73M$112.23M$106.38M$83.58M$78.06M$76.22M$70.09M$75.65M-

StepStone Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Management And Advisory Fees, Net (33.27%), Management And Advisory Fees, Net, Focused Commingled Funds (19.32%), Carried Interest Allocation (12.58%), Carried Interest Allocation, Separately Managed Accounts (11.18%), Management And Advisory Fees, Net, Separately Managed Accounts (11.06%), Management And Advisory Fees, Net, Advisory And Other Services (2.68%), Legacy Carried Interest Allocation (2.51%), Legacy Carried Interest Allocation, Focused Commingled Funds (2.49%), Legacy Gross Carried Interest Allocation, Focused Commingled Funds (2.14%), Carried Interest Allocation, Focused Commingled Funds (1.40%), Incentive Fees (0.57%), Incentive Fees, Separately Managed Accounts (0.52%), Management And Advisory Fees, Net, Fund Reimbursement Revenues (0.21%), Incentive Fees, Focused Commingled Funds (0.05%), and Legacy Carried Interest Allocation, Separately Managed Accounts (0.01%).

StepStone Group Revenue Breakdown by Country

Annual Revenue by Country

CountryMar 24Mar 22Mar 21
Non-US$520.26M$937.24M$621.00M
UNITED STATES$191.37M$428.28M$166.72M
Incentive Fees, Focused Commingled Funds-$152.00K-
Management And Advisory Fees, Net-$380.26M-
Management And Advisory Fees, Net, Separately Managed Accounts-$174.32M-
Management And Advisory Fees, Net, Fund Reimbursement Revenues-$1.69M-
Management And Advisory Fees, Net, Focused Commingled Funds-$148.72M-
Carried Interest Allocation, Focused Commingled Funds-$231.12M-
Carried Interest Allocation, Separately Managed Accounts-$555.45M-
Legacy Carried Interest Allocation-$187.11M-
Legacy Carried Interest Allocation, Focused Commingled Funds-$187.11M-
Management And Advisory Fees, Net, Advisory And Other Services-$55.52M-
Carried Interest Allocation-$786.57M-
Legacy Carried Interest Allocation, Separately Managed Accounts---
Incentive Fees-$11.59M-
Incentive Fees, Separately Managed Accounts-$11.44M-

StepStone Group's latest annual revenue breakdown by geography, as of Mar 24: Non-US (73.11%), and UNITED STATES (26.89%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Sep 23Jun 23Dec 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Non-US$173.62M$114.64M$242.94M$144.40M$132.92M$20.65M$29.73M$218.77M$239.74M$220.78M$257.95M$289.13M$202.33M$196.36M
UNITED STATES$98.05M$71.76M$99.26M$47.02M$45.09M$-24.88M$-106.95M$145.92M$170.73M$60.98M$50.66M$69.94M$44.82M$46.55M

StepStone Group's latest quarterly revenue breakdown by geography, as of Sep 24: Non-US (63.91%), and UNITED STATES (36.09%).

StepStone Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
DHILDiamond Hill Investment Group$136.72B$39.02B
BBUCBrookfield Business$7.82B$1.86B
FHIFederated Hermes$1.61B$407.64M
STEPStepStone Group$710.60M$271.68M
BSIGBrightSphere Investment Group$434.00M$127.10M

STEP Revenue FAQ

What is StepStone Group’s yearly revenue?

StepStone Group's yearly revenue for 2024 was $710.6M, representing a decrease of -1151.59% compared to 2023. The company's yearly revenue for 2023 was $-67.574M, representing a decrease of -104.95% compared to 2022. STEP's yearly revenue for 2022 was $1.37B, representing an increase of 73.35% compared to 2021.

What is StepStone Group’s quarterly revenue?

StepStone Group's quarterly revenue for Q2 2025 was $271.68M, a 44.89% increase from the previous quarter (Q1 2025), and a 41.93% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $187.5M, a -47.60% decrease from the previous quarter (Q4 2024), and a 5.33% increase year-over-year (Q1 2024). STEP's quarterly revenue for Q4 2024 was $357.83M, a -2548.90% decrease from the previous quarter (Q3 2024), and a 107.59% increase year-over-year (Q4 2023).

What is StepStone Group’s revenue growth rate?

StepStone Group's revenue growth rate for the last 3 years (2022-2024) was -47.96%, and for the last 5 years (2020-2024) was 59.11%.

What are StepStone Group’s revenue streams?

StepStone Group's revenue streams in r 24 are Legacy Gross Carried Interest Allocation, Focused Commingled Funds, Legacy Carried Interest Allocation, Separately Managed Accounts, Legacy Carried Interest Allocation, Focused Commingled Funds, Legacy Carried Interest Allocation, Carried Interest Allocation, Separately Managed Accounts, Carried Interest Allocation, Focused Commingled Funds, Carried Interest Allocation, Management And Advisory Fees, Net, Separately Managed Accounts, Management And Advisory Fees, Net, Fund Reimbursement Revenues, Management And Advisory Fees, Net, Focused Commingled Funds, Management And Advisory Fees, Net, Advisory And Other Services, Management And Advisory Fees, Net, Incentive Fees, Separately Managed Accounts, Incentive Fees, Focused Commingled Funds, and Incentive Fees. Legacy Gross Carried Interest Allocation, Focused Commingled Funds generated $59.7M in revenue, accounting 4.03% of the company's total revenue Legacy Carried Interest Allocation, Separately Managed Accounts generated $1.03M in revenue, accounting 0.07% of the company's total revenue Legacy Carried Interest Allocation, Focused Commingled Funds generated $-76.186M in revenue, accounting -5.14% of the company's total revenue, down -140.72% year-over-year. Legacy Carried Interest Allocation generated $-75.157M in revenue, accounting -5.07% of the company's total revenue, down -140.17% year-over-year. Carried Interest Allocation, Separately Managed Accounts generated $142.41M in revenue, accounting 9.60% of the company's total revenue, down -74.36% year-over-year. Carried Interest Allocation, Focused Commingled Funds generated $33.9M in revenue, accounting 2.29% of the company's total revenue, down -85.33% year-over-year. Carried Interest Allocation generated $176.31M in revenue, accounting 11.89% of the company's total revenue, down -77.59% year-over-year. Management And Advisory Fees, Net, Separately Managed Accounts generated $223.96M in revenue, accounting 15.10% of the company's total revenue, up 28.48% year-over-year. Management And Advisory Fees, Net, Fund Reimbursement Revenues generated $5.2M in revenue, accounting 0.35% of the company's total revenue, up 207.39% year-over-year. Management And Advisory Fees, Net, Focused Commingled Funds generated $295.93M in revenue, accounting 19.96% of the company's total revenue, up 98.98% year-over-year. Management And Advisory Fees, Net, Advisory And Other Services generated $60.06M in revenue, accounting 4.05% of the company's total revenue, up 8.17% year-over-year. Management And Advisory Fees, Net generated $585.14M in revenue, accounting 39.46% of the company's total revenue, up 53.88% year-over-year. Incentive Fees, Separately Managed Accounts generated $16.29M in revenue, accounting 1.10% of the company's total revenue, up 42.42% year-over-year. Incentive Fees, Focused Commingled Funds generated $9.04M in revenue, accounting 0.61% of the company's total revenue, up 5850.66% year-over-year. Incentive Fees generated $25.34M in revenue, accounting 1.71% of the company's total revenue, up 118.57% year-over-year.

What is StepStone Group’s main source of revenue?

For the fiscal year ending Mar 24, the largest source of revenue of StepStone Group was Management And Advisory Fees, Net. This segment made a revenue of $585.14M, representing 39.46% of the company's total revenue.