StepStone Group Inc. (STEP) Income Statement

NASDAQ: STEPRevenue, profits, margins and EPS over 9 years.

STEP FY2026 at a glance

Fiscal year ended March 31, 2026 · U.S. dollars
Revenue+69.7%
$1.99B
FY2026 · hover or tap a bar for each year
FY2018: $264.3MFY2019: $256.3M (−3.0%)FY2020: $446.6M (+74.3%)FY2021: $787.7M (+76.4%)FY2022: $1.37B (+73.4%)FY2023: $0 (−100.0%)FY2024: $711.6MFY2025: $1.17B (+65.1%)FY2026: $1.99B (+69.7%)
FY2018FY2026
Gross profit
$1.02B
FY2026 · hover or tap a bar for each year
FY2018: $117.6MFY2019: $116.5M (−1.0%)FY2020: $206.2M (+77.1%)FY2021: $384.6M (+86.5%)FY2022: $576.8M (+50.0%)FY2023: $171.6M (−70.3%)FY2024: $381.4M (+122.3%)FY2025: −$89.5M (−123.5%)FY2026: $1.02B
FY2018FY2026
Operating income
−$1.02B
FY2026 · hover or tap a bar for each year
FY2018: $81.5MFY2019: $66.4M (−18.5%)FY2020: $151.9M (+128.8%)FY2021: $328.2M (+116.0%)FY2022: $452.4M (+37.8%)FY2023: −$497,000 (−100.1%)FY2024: $171.8MFY2025: −$250.7M (−246.0%)FY2026: −$1.02B
FY2018FY2026
Net income
−$521.4M
FY2026 · hover or tap a bar for each year
FY2018: $81.4MFY2019: $54.2M (−33.5%)FY2020: $131.9M (+143.4%)FY2021: $62.6M (−52.5%)FY2022: $193.9M (+209.6%)FY2023: −$18.4M (−109.5%)FY2024: $58.1MFY2025: −$179.6M (−409.1%)FY2026: −$521.4M
FY2018FY2026
EPS (diluted)+5.4%
$2.16
FY2026 · hover or tap a bar for each year
FY2018: $2.79FY2019: $1.85 (−33.7%)FY2020: $4.03 (+117.8%)FY2021: $1.69 (−58.1%)FY2022: $1.61 (−4.7%)FY2023: $1.25 (−22.4%)FY2024: $1.22 (−2.4%)FY2025: $2.05 (+68.0%)FY2026: $2.16 (+5.4%)
FY2018FY2026
Net profit margin−10.9 pts
−26.2%
FY2026 · hover or tap a point for each year
FY2018: 30.8%FY2019: 21.1% (−9.7 pts)FY2020: 29.5% (+8.4 pts)FY2021: 8.0% (−21.6 pts)FY2022: 14.2% (+6.2 pts)FY2024: 8.2%FY2025: −15.3% (−23.4 pts)FY2026: −26.2% (−10.9 pts)
FY2018FY2026

STEP revenue and net income

RevenueNet incomeNet margin (right axis)

Where STEP's revenue goes

FY2026
Revenue
$1.99B100.0%
Cost of revenue
−$977.0M−49.0%
Gross profit
$1.02B51.0%
Sales, general & admin
−$2.04B−102.3%
Operating income
−$1.02B−51.3%
Interest & other income
$132.2M6.6%
Income taxes
$147.9M7.4%
Net income
−$521.4M−26.2%

Each bar shows an amount and its share of revenue. STEP kept −26.2% of revenue as net income.

STEP profit margins

GrossOperatingNet

STEP growth rates

to FY2026
1 year3 years5 years10 years
Revenue+69.7%—+20.4%—
Gross profit—+80.9%+21.5%—
Operating income————
Net income————
EPS (diluted)+5.4%+20.0%+5.0%—

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

STEP quarterly EPS vs estimates

Reported EPSAnalyst estimate

StepStone beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.58).

STEP income statement

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue$1.99B$1.17B$711.6M$0$1.37B$787.7M$446.6M$256.3M$264.3M
Cost of revenue$977.0M$1.26B$330.2M−$239.2M$788.7M$403.2M$240.4M$139.8M$146.7M
Gross profit$1.02B−$89.5M$381.4M$171.6M$576.8M$384.6M$206.2M$116.5M$117.6M
Research & development——$0$1$0$0$0$0$0
Sales, general & admin$2.04B$161.3M$209.7M$172.1M$124.5M$56.4M$55.3M$50.0M$36.0M
Total operating expenses$2.04B$161.3M$209.7M$172.1M$124.5M$56.4M$54.3M$50.0M$36.0M
Operating income−$1.02B−$250.7M$171.8M−$497,000$452.4M$328.2M$151.9M$66.4M$81.5M
Interest income$11.8M$10.8M$3.7M$1.9M$337,000$413,000$1.4M$1.5M$143,000
Interest expense$18.5M$12.7M$9.3M$4.2M$1.1M$7.4M$10.2M$10.3M$913,000
Income before taxes−$891.2M−$222.0M$195.4M−$41.5M$512.6M$337.8M$148.7M$61.6M$85.8M
Income taxes−$147.9M−$49.2M$27.6M$3.8M$28.3M$23.3M$4.0M$1.6M$2.0M
Net income−$521.4M−$179.6M$58.1M−$18.4M$193.9M$62.6M$131.9M$54.2M$81.4M
EBITDA−$872.1M−$205.2M$252.3M$10.2M$540.7M$350.7M$166.0M$79.7M$91.0M
EPS (diluted)$2.16$2.05$1.22$1.25$1.61$1.69$4.03$1.85$2.79
Gross margin51.0%−7.6%53.6%—42.2%48.8%46.2%45.4%44.5%
Operating margin−51.3%−21.3%24.1%—33.1%41.7%34.0%25.9%30.9%
Net margin−26.2%−15.3%8.2%—14.2%8.0%29.5%21.1%30.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STEP's financial statements (latest annual report filed May 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

STEP financial results

In fiscal year 2026 (ended March 31, 2026), StepStone reported revenue of $2.0 billion, up 69.7% from the year before. It had a net loss of $521.4 million, a net profit margin of −26.2%. Diluted earnings per share came to $2.16. Over five years revenue grew at an average rate of 20.4% a year.

See the STEP stock overview for the latest quote and news, or the STEP chart for price history and technical indicators.

STEP income statement FAQ

What is StepStone's annual revenue?

StepStone reported total revenue of $2.0 billion for fiscal year 2026, which ended on March 31, 2026. That was up 69.7% from $1.2 billion the previous year.

Is StepStone profitable?

No. StepStone reported a net loss of $521.4 million in fiscal 2026, a net profit margin of −26.2%; its operating margin was −51.3%.

What is StepStone's gross margin?

StepStone's gross margin was 51.0% in fiscal 2026: for every $100 of revenue, StepStone kept $51 after the direct cost of its products and services.

How fast is StepStone growing?

Revenue grew 20.4% a year on average over the last five fiscal years, from $787.7 million to $2.0 billion.

What are StepStone's earnings per share?

StepStone earned $2.16 per diluted share in fiscal 2026, compared with $2.05 a year earlier.

When will StepStone report its next earnings?

StepStone is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.

When does StepStone's fiscal year end?

StepStone's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 27, 2026.

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