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Stepstone Group Inc. revenue

Stepstone Group Inc.'s revenue was $1.99bn in fiscal 2026, up 69.7% on the year before. Since fiscal 2019 ($256m) it has grown at a compound 34.1% a year. Over the last twelve months it was $2.01bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Mar 20192020Mar 20202021Mar 20212022Mar 20222023Mar 20232024Mar 20242025Mar 20252026Mar 2026LTMJun 2026
Revenue2564477881,366−687121,1751,9942,008
Growth on the year before—+74.3%+76.4%+73.4%−104.9%—+65.1%+69.7%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue YoY
Performance Fees $1.1B ▲ 161.7%
Management and Advisory Fees Net $926M ▲ 20.8%
Carried Interest Allocation $708M ▲ 135.2%
Management and Advisory Fees Net Focused Commingled Funds $548M ▲ 24.5%
Carried Interest Allocation Unrealized $540M ▲ 281.3%
Management and Advisory Fees Net Separately Managed Accounts $294M ▲ 16.2%
Incentive Fees $220M ▲ 582.1%
Incentive Fees Focused Commingled Funds $210M ▲ 797.0%
Carried Interest Allocation Realized $169M ▲ 5.6%
Legacy Carried Interest Allocation $139M ▲ 86.6%
Management and Advisory Fees Net Advisory and Other Services $74.5M ▲ 11.1%
Income Based Incentive Fees $22.8M ▲ 185.0%
Management and Advisory Fees Net Fund Reimbursement Revenues $10.6M ▲ 48.8%
Incentive Fees Separately Managed Accounts $10.3M ▲ 15.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $1.1B 53.8% ▲ 105.6%
Outside the US $922M 46.2% ▲ 41.0%

From Stepstone Group Inc.'s 10-K filed May 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Asset Management & Custody Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Stepstone Group Inc. $2.01bn 48.5% 120.4%
Federated Hermes, Inc. $1.97bn 13.2% 7.4%
Affiliated Managers Group, Inc. $2.27bn 11.8% 1.9%
SEI Investments Co $2.53bn 12.8% 10.2%
Victory Capital Holdings, Inc. $1.56bn 51.5% 24.2%
Blue OWL Capital Inc. $3.07bn 11.8% 23.4%

Compare with peers

Head to head: FHI vs STEPAMG vs STEPSEIC vs STEPSTEP vs VCTR

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Stepstone Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Stepstone Group Inc.