StepStone Group Q1 revenue rises 4%, adjusted net income up 24%

StepStone

06/08/2026 21:24

Overview
US private markets investment firm's fiscal Q1 revenue rose 4% yr/yr
Adjusted net income for fiscal Q1 increased 24% yr/yr
Company declared quarterly cash dividend of $0.33 per share, up from $0.28 prior quarter

Outlook
Company did not provide specific guidance or outlook for the current qtr or full yr

Result Drivers
MANAGEMENT FEES - Co said higher management and advisory fees, especially from focused commingled funds, drove revenue growth
PERFORMANCE FEES DECLINE - Co reported a 28% yr/yr drop in performance fees, tempering overall revenue growth
AUM EXPANSION - Co said assets under management and assets under advisement increased, supporting growth in fee revenues

Company press release: ID:nGNX8KsKjR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$378.89 mln
 
Q1 Adjusted Net Income
 
$60.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for StepStone Group Inc. is $63.00, about 26.5% above its August 5 closing price of $49.82
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)