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How StepStone Group (STEP) makes money
StepStone Group (STEP) made $773M of revenue in the second quarter fiscal 2027 (Q2 FY27), +70% from a year earlier. Of every dollar of revenue, 6¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $773M | 100.0% |
| Operating profit | $48.0M | 6.2% |
| Net earnings | $65.4M | 8.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $773M | +70% |
| Q1 FY27 | $379M | +4% |
| Q4 FY26 | $589M | +56% |
| Q3 FY26 | $587M | +73% |
| Q2 FY26 | $454M | +67% |
| Q1 FY26 | $364M | +95% |
| Q4 FY25 | $378M | +6% |
From StepStone Group's 8-K filed Nov 5, 2026 (on EDGAR).
Questions
How does StepStone Group make money?
StepStone Group (STEP) made $773M of revenue in the second quarter fiscal 2027 (Q2 FY27), +70% from a year earlier. Of every dollar of revenue, 6¢ was left as operating profit, 8¢ was left as net earnings.
What is StepStone Group's profit margin?
Net earnings were $65.4M, 8.5% of revenue, in the second quarter fiscal 2027; the operating margin was 6.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.