Speed and stability are two essential criteria for assessment of planing hull performance. Accordingly, the effects of step shape on these vessels’ hydrodynamic performance and stability are experimentally investigated. Five different models are studied which are based on a high-speed recreational craft and are primarily the same in form and dimensions. One of these models does not have a step, two of them have transverse steps, and two other models have Vee-shaped steps. These five models all have a length of 2.64 m, a beam of 0.55 m, a deadrise angle of 24°, and weigh 86 kg. As the parent model, that is, the non-stepped model is unstable at high speeds, this study is aimed to figure out how different types of steps could prevent this kind of instability. The trim angle, resistance, and lengths of the wetted keel and wetted chine of all these models are reported at beam Froude numbers ranging from 0.43 to 3.44. First, the non-step model is investigated in towing tank tests. The optimum position for the center of gravity of this model is determined to be at a distance of 30% of the model’s length to the transom, which leads to the lowest resistance while the model still remains stable. The models with the aft-wise Vee type and fore-wise Vee type experience the lowest and highest resistance among all studied models, respectively. The steps’ performance appears to be directly related to the ventilation condition at the bottom of stepped models. It is also observed that aft-wise Vee-shaped step leads to the most severe flow separation, and the model with this type of step has the least wetted surface area compared to other studied models.