NASDAQ$STEP

StepStone Group LP · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

StepStone Group reported fiscal Q2 2026 total revenues of $454.2M with net income of $39.7M.

Total revenues were $454.2 million with net income of $39.7 million and diluted EPS of $0.26 as private markets fundraising and fee-related earnings grew.

  • Q2 revenue $454.2M.
  • Net income $39.7M; EPS $0.26.
  • Private markets AUM growth.
  • Fee-related and performance fees.

Headline financials

Total Revenue

$454M

Previous: $272M+67.2%
EPS (adj)

$0.26

Previous: $0.26+0.0%
Capital Expenditures

-$1.43M

Previous: -$1.87M+23.7%
Free Cash Flow

-$366M

Previous: $102M-459.0%
Net Income

-$366M

Previous: $17.6M-2176.6%
Operating Income

$399M

Previous: $211M+88.7%
Gross Profit

$454M

Previous: $272M+67.2%
Total Assets

$5.33B

Previous: $4.04B+32.0%

Revenue & EPS history

StepStone · Revenue · Quarterly

$454M

Q2 2026+67.2%vs Q2 2025
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

StepStone · $260M total across 4 segments · Q4 2026

  • Focused commingled funds
    $161M
  • Separately managed accounts
    $76.3M
  • Advisory and other services
    $20M
  • Fund reimbursement revenues
    $3.18M

Forward guidance

StepStone Group discusses outlook and risks in the quarterly filing.

Tailwinds

  • StepStone Group cites execution on growth and balance-sheet priorities.
  • MD&A outlines segment trends and capital allocation.

Headwinds

  • Macro, pricing, and competition may pressure margins.
  • One-time items affect quarter comparisons.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+2.4%

Avg return

Earnings day

+2.4%

Avg return

5 days after

-2.1%

Avg return

30 days after

74%

17 / 23 earnings

Positive

+11.0%

Q4 2024

Best reaction

-7.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+5.4%+1.2%-13.0%
Q3 2026+5.5%+0.2%-22.8%
Q2 2026-1.6%+0.9%+1.0%
Q1 2026+1.8%+8.6%+6.0%
Q4 2025+3.5%+6.3%-6.5%
Q3 2025+0.8%-6.5%-18.3%
Q2 2025+2.9%+2.9%-8.9%
Q1 2025+11.0%+12.4%+16.6%
Q4 2024+11.0%+18.3%+15.9%
Q3 2024+7.5%+2.5%-0.2%
Q2 2024-7.0%-9.3%-12.4%
Q1 2024+4.5%+1.8%+8.9%
Q4 2023-5.1%-2.8%+3.5%
Q3 2023-2.9%-5.0%-22.6%
Q2 2023+1.0%+0.3%+2.6%
Q1 2023-0.5%-2.1%-5.1%
Q4 2022+2.2%-0.2%+2.4%
Q3 2022+4.3%+1.1%-6.7%
Q2 2022+4.7%+11.7%-8.6%
Q1 2022-5.4%-1.8%-1.3%
Q4 2021+4.8%+8.0%+21.7%
Q3 2021+6.0%+4.1%-15.2%
Q2 2021+1.5%+3.6%+14.3%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro