STEP (StepStone Group) Total Operating Expense: $1,929 Mil (TTM As of Mar. 2026)


STEP StepStone Group Inc STEP
50 GF Score
Price $39.54
GF Value $90.75
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is StepStone Group Total Operating Expense?

StepStone Group STEP -3.40% 50 Total Operating Expense is $1,929 Mil as of Mar. 2026. GuruFocus rates STEP with a GF Score™ of 50/100 and a GF Value™ of $90.75 (Possible Value Trap). The stock has 3 warning signs investors should review.

StepStone Group's Total Operating Expense for the three months ended in Mar. 2026 was $248 Mil. StepStone Group's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1,929 Mil.

StepStone Group Total Operating Expense Related Terms

StepStone Group Total Operating Expense Historical Data

* Premium members only.

The historical data trend for StepStone Group's Total Operating Expense 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 Total Operating Expense Chart

StepStone Group Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only 124.46 172.10 209.67 846.48 1,929.31

StepStone Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 169.35 231.63 929.76 519.45 248.47
STEP
50GF Score
StepStone Group Inc STEP
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

StepStone Group Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,929 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.

What does a Total Operating Expense of $1,929 Mil mean?
StepStone Group (STEP) has a Total Operating Expense of $1,929 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on StepStone Group and its competitors.
Is StepStone Group's Total Operating Expense too high?
StepStone Group's current Total Operating Expense is $1,929 Mil. Overall, StepStone Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Total Operating Expense compare to DNP and UTG?
StepStone Group's Total Operating Expense of $1,929 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 Total Operating Expense for an Asset Management company?
A good Total Operating Expense depends on the Asset Management industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on StepStone Group and its competitors. StepStone Group's current Total Operating Expense is $1,929 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 $90.75, compared to a current price of $39.54 — trading 56.4% below its estimated fair value. The current Total Operating Expense is $1,929 Mil. StepStone Group's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For StepStone Group (STEP), the current Total Operating Expense is $1,929 Mil as of Mar. 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 $39.54 is trading 56.4% below its estimated GF Value™ of $90.75. GuruFocus considers StepStone Group to be Possible Value Trap.

Key valuation signals for STEP:

  • Total Operating Expense: $1,929 Mil
  • GF Value™: $90.75 vs. price of $39.54 (56.4% below fair value)
  • GF Score™: 50/100 with 3 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.
50GF Score

Get the complete analysis for STEP

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.54
Price
$90.75
GF Value