Stepstone Group Inc. revenue by segment STEP

Stepstone Group Inc. splits its revenue into 11 lines in its filings. The largest line in fiscal 2026, which ended Mar 31, 2026 was Performance Fees at $1.1 billion, 54% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2027
Jun 30, 2026
FY 2026
Mar 31, 2026
FY 2025
Mar 31, 2025
FY 2024
Mar 31, 2024
FY 2023
Mar 31, 2023
FY 2022
Mar 31, 2022
FY 2021
Mar 31, 2021
Revenue
2,008
1,994
1,175
712
-68
1,366
788
Performance Fees
—
1,067
+161.7%
share 53.5%
408
+222.4%
share 34.7%
126
+122.4%
share 17.8%
-565
-157.3%
share 835.8%
985
share 72.2%
—
Management And Advisory Fees Net Focused Commingled Funds
—
—
—
296
+30.4%
share 41.6%
227
+52.6%
share -335.9%
149
+53.0%
share 10.9%
97
share 12.3%
Management And Advisory Fees Net Separately Managed Accounts
—
294
+16.2%
share 14.7%
253
+12.8%
share 21.5%
224
+6.6%
share 31.5%
210
+20.6%
share -311.0%
174
+28.4%
share 12.8%
136
share 17.2%
Incentive Fees Focused Commingled Funds
—
210
+797.0%
share 10.5%
23
+158.7%
share 2.0%
9
share 1.3%
—
0
+442.9%
share 0.0%
0
share 0.0%
Carried Interest Allocation Realized
—
169
+5.6%
share 8.5%
160
+223.2%
share 13.6%
49
-62.3%
share 6.9%
131
share -194.0%
—
—
Legacy Carried Interest Allocation
—
139
share 7.0%
—
-75
+83.4%
share -10.6%
-452
share 669.1%
—
—
Management And Advisory Fees Net Advisory And Other Services
—
74
+11.1%
share 3.7%
67
share 5.7%
—
56
+1.3%
share -83.2%
56
+6.3%
share 4.1%
52
share 6.6%
Incentive Fees
—
—
—
25
share 3.6%
—
12
+111.8%
share 0.8%
5
share 0.7%
Income Based Incentive Fees
—
23
+185.0%
share 1.1%
8
+471.4%
share 0.7%
1
share 0.2%
—
—
—
Management And Advisory Fees Net Fund Reimbursement Revenues
—
11
+48.8%
share 0.5%
7
+36.8%
share 0.6%
5
share 0.7%
—
2
+610.5%
share 0.1%
0
share 0.0%
Carried Interest Allocation Unrealized
—
—
—
—
-253
-143.2%
share 374.9%
586
share 42.9%
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Investment Advice (SIC 6282)
Listed as
STEP (Nasdaq)
Fiscal year ends
March 31
Headquarters
New York, NY
SEC filer status
Large accelerated filer
SEC CIK
1796022

Other Investment Advice companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.