The earnings call highlighted significant growth in fee-related earnings, adjusted net income, and assets under management, bolstered by successful fundraising and expansion of the private wealth platform. Despite reporting a GAAP net loss and acknowledging market volatility, the positive performance metrics and strategic achievements suggest a strong overall position.

Company Guidance -

Q2 2026

During the fiscal fourth quarter of 2025, StepStone Group Inc. reported several key financial metrics. The company experienced a GAAP net loss of $18.5 million or $0.24 per share. However, their fee-related earnings surged to $94.1 million, reflecting an 85% increase from the previous year's quarter, with an FRE margin of 44%. The adjusted net income for the quarter was $80.6 million or $0.68 per share, a significant improvement from the $37.7 million or $0.33 per share recorded in the same period of the last fiscal year. The company declared a base quarterly dividend of $0.24 and a supplemental dividend of $0.40. For the full fiscal year, they raised over $31 billion in assets under management, with a 29% growth in fee-earning AUM, which contributed to their record earnings. StepStone also reported total gross inflows of $9.9 billion for the quarter, with $1.2 billion from evergreen subscriptions, marking their best private wealth quarter ever. The company's fee-earning assets under management increased to over $121 billion, up $7.2 billion from the previous quarter.

Record Fee-Related Earnings and Margin

The company reported fee-related earnings of $94.1 million, up 85% from the prior year quarter, with an FRE margin of 44%, marking the highest levels ever for both quarterly and annual results.

Strong Adjusted Net Income Growth

Adjusted net income for the quarter was $80.6 million or $0.68 per share, up from $37.7 million or $0.33 per share in the fourth quarter of the previous year.

Record Dividend Distribution

StepStone declared a base quarterly dividend of $0.24 and a supplemental dividend of $0.40, with the full dividend payout for the fiscal year amounting to $1.36, up from last year's total of $0.99.

Significant Growth in Private Wealth AUM

The private wealth platform grew from $3.4 billion at the end of fiscal 2024 to over $8 billion by the end of fiscal 2025.

Successful Fundraising and Asset Growth

Total gross inflows were $9.9 billion for the quarter, with fee-earning AUM surpassing $121 billion, up $7.2 billion from the previous quarter.

Largest Real Estate Secondary Fund Raised

The real estate secondaries fund closed at $3.75 billion, the largest ever raised in the industry.

StepStone Group (STEP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

STEP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2026 (Q2)	0.45 / -	0.45	―	―	―
Aug 07, 2025	2026 (Q1)	0.43 / 0.40	0.48	-16.67% (-0.08)
May 22, 2025	2025 (Q4)	0.44 / 0.68	0.33	106.06% (+0.35)
Feb 06, 2025	2025 (Q3)	0.45 / 0.44	0.37	18.92% (+0.07)
Nov 07, 2024	2025 (Q2)	0.46 / 0.45	0.26	73.08% (+0.19)
Aug 08, 2024	2025 (Q1)	0.35 / 0.48	0.26	84.62% (+0.22)
May 23, 2024	2024 (Q4)	0.28 / 0.33	0.24	37.50% (+0.09)
Feb 08, 2024	2024 (Q3)	0.26 / 0.37	0.27	37.04% (+0.10)
Nov 06, 2023	2024 (Q2)	0.28 / 0.26	0.33	-21.21% (-0.07)
Aug 03, 2023	2024 (Q1)	0.27 / 0.26	0.41	-36.59% (-0.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

STEP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$57.45	$58.47	+1.78%
May 22, 2025	$56.07	$58.05	+3.53%
Feb 06, 2025	$62.97	$63.48	+0.81%
Nov 07, 2024	$63.62	$66.74	+4.90%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does StepStone Group (STEP) report earnings?

StepStone Group (STEP) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is StepStone Group (STEP) earnings time?

StepStone Group (STEP) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is STEP EPS forecast?

STEP EPS forecast for the fiscal quarter 2026 (Q2) is 0.45.

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