Filing Flows › StepStone Group (STEP) › Q2 FY27
StepStone Group (STEP) Q2 FY27 earnings results (second quarter fiscal 2027)
8-K filed Nov 5, 2026
StepStone Group (STEP) reported revenue of $773M for the second quarter fiscal 2027 (Q2 FY27), +70% from a year earlier and +104% from the quarter before. Operating margin was 6.2%, net earnings $65.4M (8.5% of revenue).
StepStone Group, Q2 FY27: revenue $773M (+70% year over year), operating margin 6.2%, net earnings $65.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $773M | +104% | +70% |
| Operating profit | $48.0M | — | — |
| Net earnings | $65.4M | — | — |
What changed
Revenue was $773.1M in Q2 FY27, up 70% year over year and up 104% from the previous quarter.
Operating profit was $48.0M, a 6.2% margin (up 165.3 points year over year). Total costs fell 38% while revenue rose 70%. Net earnings were −$71.2M. The effective tax rate was -36.2%.
Questions
What was StepStone Group's revenue in the second quarter fiscal 2027?
StepStone Group (STEP) reported revenue of $773M for the second quarter fiscal 2027 (Q2 FY27), +70% from a year earlier and +104% from the quarter before.
Was StepStone Group profitable in the second quarter fiscal 2027?
Operating profit was $48.0M (6.2% of revenue) and net earnings $65.4M.
Source: StepStone Group 8-K on SEC EDGAR.