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Mar 31, 2022
StepStone Q4 2022 Earnings Report
StepStone's Q4 2022 results reflected strong growth in fee-earning assets and profitability.
Key Takeaways
StepStone Group reported strong Q4 2022 results, driven by a 45% increase in fee-earning assets under management (FEAUM) and a 47% increase in management and advisory fees. Adjusted net income (ANI) per share increased by 52%, reflecting higher fee-related earnings and net realized performance fees. The company also declared a dividend of $0.20 per share of Class A common stock.
Assets under management (AUM) reached $134.5 billion, a 56% increase year-over-year.
Fee-earning AUM (FEAUM) grew to $75.2 billion, representing a 45% increase year-over-year.
Management and advisory fees, net, increased by 47% to $112.2 million.
Adjusted net income (ANI) increased by 78% to $43.7 million, with ANI per share at $0.38.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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