Steroids regulate many physiological processes. Hydroxysteroid dehydrogenases (HSDs) modulate the levels of steroids in pre- and post-receptor metabolism. The subfamily of 20 beta-HSD type 2 currently comprises six members from six different species. The zebrafish ortholog converts cortisone to 20 beta-dihydrocortisone and is involved in the catabolism of the stress hormone cortisol. Here, we elucidated the substrate preferences of all 20 beta-HSD type 2 enzymes towards a selected panel of steroids. For quantification of the substrates and their respective 20 beta-reduced products, we first developed and validated a liquid chromatography-mass spectrometry based method. Applying this method to activity assays with recombinantly expressed enzymes, our findings indicate that the 20 beta-HSD type 2 enzymes catalyze the 20 beta-reduction of a plethora of steroids of the glucocorticoid biosynthesis pathway. The observed multispecificity among the homologous 20 beta-HSD type 2 enzymes implies different physiological roles in different species.