StepStone Group Reports Second Quarter Fiscal Year 2026 Results

Core Insights - StepStone Group Inc. reported its second quarter fiscal 2026 results, highlighting a quarterly cash dividend of $0.28 per share of Class A common stock, payable on December 15, 2025 [1][2] Financial Performance - Total revenues for the quarter ended September 30, 2025, reached $454.225 million, a 67% increase compared to the same quarter in the previous year [6][17] - Management and advisory fees, net, amounted to $215.489 million, reflecting an 18% increase year-over-year [6][17] - Total performance fees surged to $238.736 million, marking a 175% increase compared to the same quarter last year [6][17] - Net income for the quarter was reported at a loss of $575.490 million, compared to a profit of $53.138 million in the same quarter of the previous year [6][17] Key Metrics - As of September 30, 2025, StepStone managed approximately $771 billion in total capital, including $209 billion in assets under management (AUM) [4] - The company’s fee-related earnings (FRE) for the quarter were $78.633 million, with a FRE margin of 36% [6][17] - Adjusted net income (ANI) for the quarter was $66.709 million, with ANI per share of $0.54 [6][17] Dividend Information - The Board of Directors declared a quarterly cash dividend of $0.28 per share, an increase from the previous quarter's dividend of $0.24 [1][8] Company Overview - StepStone Group Inc. is a global private markets investment firm that provides customized investment solutions and advisory services, serving a diverse client base including pension funds, sovereign wealth funds, and high-net-worth individuals [4]