Q4 26 EPS
$0.57
BEAT +13.46%
Est. $0.50
Q4 26 Revenue
$588.6M
BEAT +101.49%
Est. $292.1M
vs S&P Since Q4 26
-22.6%
TRAILING MARKET
STEP -22.3% vs S&P +0.3%
Full Year 2026 Results
FY 26 EPS
$2.16
BEAT +3.29%
Est. $2.09
FY 26 Revenue
$1.99B
BEAT +57.83%
Est. $1.26B
Market Reaction
Did STEP Beat Earnings? Q4 2026 Results
StepStone Group Inc. Delivered a standout fourth fiscal quarter, posting adjusted earnings per share of $0.57 against a consensus estimate of $0.50, a beat of 13.46%, while revenue of $588.58 million more than doubled analyst expectations of $292.11 … Read more StepStone Group Inc. Delivered a standout fourth fiscal quarter, posting adjusted earnings per share of $0.57 against a consensus estimate of $0.50, a beat of 13.46%, while revenue of $588.58 million more than doubled analyst expectations of $292.11 million and climbed 55.8% year-over-year. The primary engine behind those figures was the firm's continued platform expansion, with total capital responsibility reaching approximately $885.00 billion as of March 31, 2026, up 25% year-over-year, and AUM growing 23% to $233.35 billion across private equity, infrastructure, and private debt. Fee-earning AUM rose 19% to $144.05 billion, while undeployed fee-earning capital surged 63% to $40.10 billion, signaling a robust pipeline for future management fee generation. On a GAAP basis, however, net income contracted sharply to $6.66 million from $13.15 million a year ago, weighed down by substantial equity-based compensation and performance fee-related charges. The board also declared a regular quarterly dividend of $0.28 per share alongside a supplemental dividend of $0.55 per share, both payable June 30, 2026.
Key Takeaways
- • Fee revenues grew 21% YoY to $260.3 million driven by focused commingled funds growth
- • Total capital responsibility increased 25% to approximately $885 billion
- • AUM grew 23% to $233.3 billion
- • Fee-earning AUM grew 19% to $144.0 billion
- • Undeployed fee-earning capital grew 63% to $40.1 billion
- • Full year adjusted revenues grew 36% to $1.32 billion
- • Total performance fees increased 162% for full fiscal year to $1.07 billion
- • Full year gross realized performance fees nearly doubled to $388.5 million
STEP YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
STEP Revenue by Segment
With YoY comparisons, source: SEC Filings
STEP Earnings Trends
STEP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
STEP EPS Trend
Earnings per share: estimate vs actual
STEP Revenue Trend
Quarterly revenue: estimate vs actual
STEP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.50 | $0.57 | +13.46% | $588.6M | +101.49% |
| FY Full Year | $2.09 | $2.16 | +3.29% | $1.99B | +57.83% |
| Q3 26 BEAT | $0.62 | $0.65 | +4.70% | $586.5M | +48.51% |
| Q2 26 BEAT | $0.49 | $0.54 | +10.61% | $454.2M | +66.90% |
| Q1 26 MISS | $0.43 | $0.40 | -5.95% | $364.3M | +52.77% |
| Q4 25 BEAT FY | $0.44 | $0.68 | +52.88% | $377.7M | +64.68% |
| FY Full Year | $1.81 | $2.05 | +13.15% | $1.17B | +30.39% |