NASDAQ$STEP
StepStone Group LP · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reports third quarter fiscal 2021 results
StepStone Group reported strong third quarter fiscal 2021 results, with AUM increasing by 12% to $80.5 billion and fee-earning AUM increasing by 5% to $46.6 billion. The company also saw a 6% increase in management and advisory fee revenue and a 50% increase in adjusted net income.
- AUM increased by $8.5 billion (or 12%) in the quarter to $80.5 billion (+30% from prior year)
- Fee-Earning AUM increased $2.3 billion (or 5%) in the quarter to $46.6 billion (+18% from prior year)
- GAAP revenue was $247.2 million for the quarter and GAAP net income was $107.4 million for the quarter
- Adjusted Net Income was $27.0 million (or $0.28 per share) for the quarter, up 50% year-to-year
Headline financials
Revenue & EPS history
StepStone · Revenue · Quarterly
$247M
Revenue by segment
StepStone · $70.1M total across 4 segments · Q3 2021
- Separately managed accounts$33.1M—47.2%
- Focused commingled funds$23.6M—33.6%
- Advisory and other services$13.4M—19.2%
- Fund reimbursement revenues$5K—0.0%
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 Q3 2021
+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
| Quarter | Report date | Reaction (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 | — | — | — |
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