NASDAQ$STEP
StepStone Group LP · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
StepStone Group reported Q4 and fiscal year 2026 results with strong revenue growth driven by management fees and performance fees.
For the quarter ended March 31, 2026, StepStone achieved total revenues of $588.6 million, up 56% year-over-year, and reported net income of $6.7 million. Fee-related earnings reached $105.3 million with a 40% margin, while AUM grew to $233.3 billion. The company declared quarterly and supplemental dividends totaling $0.83 per share.
- Total revenues reached $588.6 million, including $328.7 million in performance fees, reflecting 56% YoY growth.
- Fee-related earnings increased 12% to $105.3 million with a 40% FRE margin.
- AUM rose 23% to $233.3 billion and total capital responsibility reached $885.2 billion.
- Adjusted net income per share was $0.57 for the quarter, with a quarterly dividend of $0.28 declared.
Headline financials
Revenue & EPS history
StepStone · Revenue · Quarterly
$589M
Revenue by segment
StepStone · $260M total across 4 segments · Q4 2026
- Focused commingled funds$161M—61.8%
- Separately managed accounts$76.3M—29.3%
- Advisory and other services$20M—7.7%
- Fund reimbursement revenues$3.18M—1.2%
Forward guidance
The company provided general forward-looking commentary on market conditions and growth strategies without specific numerical guidance.
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 Q4 2026
+2.4%
Avg return
Earnings day
+2.5%
Avg return
5 days after
-1.6%
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 | +4.0% | — | — | |
| 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
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