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Here's What Key Metrics Tell Us About StepStone Group (STEP) Q2 Earnings

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For the quarter ended September 2025, StepStone Group Inc. (STEP - Free Report) reported revenue of $282.34 million, up 35.2% over the same period last year. EPS came in at $0.54, compared to $0.45 in the year-ago quarter.

The reported revenue represents a surprise of +5.44% over the Zacks Consensus Estimate of $267.77 million. With the consensus EPS estimate being $0.49, the EPS surprise was +10.2%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how StepStone Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Fee-Earning AUM (FEAUM)- Focused Commingled Funds: $54,584.00 billion versus the three-analyst average estimate of $17,651.97 billion.
  • Fee-Earning AUM (FEAUM)- Total: $132,791.00 billion versus $43,654.68 billion estimated by three analysts on average.
  • Fee-Earning AUM (FEAUM)- Separately managed accounts (SMAs): $78,207.00 billion versus the three-analyst average estimate of $26,002.71 billion.
  • Assets Under Advisement (AUA): $561.56 billion compared to the $528.57 billion average estimate based on two analysts.
  • Assets Under Management (AUM): $209.15 billion versus the two-analyst average estimate of $208.32 billion.
  • Total revenues- Management and advisory fees, net: $215.49 million compared to the $217.05 million average estimate based on two analysts.
  • Total revenues- Performance fees- Incentive fees: $4.9 million versus the two-analyst average estimate of $4.42 million.
  • Total revenues- Total performance fees: $238.74 million compared to the $79.7 million average estimate based on two analysts.
  • Total revenues- Performance fees- Carried interest allocations- Unrealized: $147.81 million compared to the $26.14 million average estimate based on two analysts.
  • Total revenues- Total carried interest allocations: $206.69 million versus the two-analyst average estimate of $75.29 million.
  • Total revenues- Performance fees- Carried interest allocations- Realized: $58.88 billion versus the two-analyst average estimate of $49.15 million.

View all Key Company Metrics for StepStone Group here>>>

Shares of StepStone Group have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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