Private markets investment firm StepStone Group (NASDAQ: STEP) will be reporting earnings this Wednesday after the bell. Here’s what investors should know.
StepStone Group beat analysts’ revenue expectations last quarter, reporting revenues of $494.5 million, up 103% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ revenue estimates and .
Is StepStone Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting StepStone Group’s revenue to be flat year on year, slowing from the 66.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. StepStone Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at StepStone Group’s peers in the custody bank segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Franklin Resources delivered year-on-year revenue growth of 8.7%, beating analysts’ expectations by 11.8%, and Voya Financial reported revenues up 2.3%, topping estimates by 15.4%. Franklin Resources traded up 6.8% following the results while Voya Financial was down 3.2%.
Read our full analysis of Franklin Resources’s results here and Voya Financial’s results here.
AI disruption fears rattled software and crypto through late 2025, but in spring 2026 the focus shifted to geopolitical risk, oil supply, and global stability. While some of the custody bank stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. StepStone Group is down 2.8% during the same time and is heading into earnings with an average analyst price target of $71.38 (compared to the current share price of $53.61).
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