STEP (StepStone Group) Pre-Tax Income: $-1,071 Mil (TTM As of Jun. 2026)

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STEP StepStone Group Inc STEP
47 GF Score
Price $49.50
GF Value $91.46
Valuation Possible Value Trap
! 4 Warning Signs
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What is StepStone Group Pre-Tax Income?

StepStone Group STEP +7.37% 47 Pre-Tax Income is $-1,071 Mil as of Jun. 2026. GuruFocus rates STEP with a GF Score™ of 47/100 and a GF Value™ of $91.46 (Possible Value Trap). The stock has 4 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. StepStone Group's pretax income for the three months ended in Jun. 2026 was $-200 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $-1,071 Mil. StepStone Group's pretax margin was -52.85%.

During the past 9 years, StepStone Group's highest Pretax Margin was 61.35%. The lowest was -53.34%. And the median was 32.47%.


StepStone Group  (NAS:STEP) Pre-Tax Income Explanation

StepStone Group's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=-200.25/378.889
=-52.85%

During the past 9 years, StepStone Group's highest Pretax Margin was 61.35%. The lowest was -53.34%. And the median was 32.47%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


StepStone Group Pre-Tax Income Related Terms


StepStone Group Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for StepStone Group's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

StepStone Group Pre-Tax Income Chart

StepStone Group Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only 512.58 -41.45 195.40 -222.04 -891.17

StepStone Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20.35 -675.83 -194.65 -0.34 -200.25

STEP vs AB, NEA, GBDC: Pre-Tax Income Comparison

For the Asset Management subindustry, StepStone Group's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


StepStone Group Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, StepStone Group's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where StepStone Group's Pre-Tax Income falls into.


STEP
47GF Score
StepStone Group Inc STEP
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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StepStone Group Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

StepStone Group's Pretax Income for the fiscal year that ended in Mar. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-1023.368+138.868+-18.502+11.833+2.2737367544323E-13
=-891

StepStone Group's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-204.81+4.177+-4.338+4.721+0
=-200

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,071 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $-1,071 Mil mean?
StepStone Group (STEP) has a Pre-Tax Income of $-1,071 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on StepStone Group and its competitors.
Is StepStone Group's Pre-Tax Income too high?
StepStone Group's current Pre-Tax Income is $-1,071 Mil. Overall, StepStone Group has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Pre-Tax Income compare to AB and NEA?
StepStone Group's Pre-Tax Income of $-1,071 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Asset Management company?
A good Pre-Tax Income depends on the Asset Management industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on StepStone Group and its competitors. StepStone Group's current Pre-Tax Income is $-1,071 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $91.46, compared to a current price of $49.50 — trading 45.9% below its estimated fair value. The current Pre-Tax Income is $-1,071 Mil. StepStone Group's overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For StepStone Group (STEP), the current Pre-Tax Income is $-1,071 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is StepStone Group (STEP) Overvalued in 2026?

Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued. The current stock price of $49.50 is trading 45.9% below its estimated GF Value™ of $91.46. GuruFocus considers StepStone Group to be Possible Value Trap.

Key valuation signals for STEP:

  • Pre-Tax Income: $-1,071 Mil
  • GF Value™: $91.46 vs. price of $49.50 (45.9% below fair value)
  • GF Score™: 47/100 with 4 warning signs

No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


StepStone Group Business Description

Other Exchanges STEP:Mexico
Address 277 Park Avenue, 45th Floor, New York, NY, USA, 10172
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
47GF Score

Get the complete analysis for STEP

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$49.50
Price
$91.46
GF Value