EQH · Equitable Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.23B | - | $1.45B | $2.36B | $4.58B | - | $3.08B | $3.51B | $2.23B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $887.00M | - | ($1.35B) | ($363.00M) | $174.00M | - | ($14.00M) | $681.00M | $247.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $57.00M | - |
| Income Tax | $156.00M | - | ($133.00M) | ($80.00M) | $24.00M | - | ($40.00M) | $116.00M | $30.00M | - |
| Net Income | $621.00M | - | ($1.31B) | ($349.00M) | $63.00M | - | ($134.00M) | $428.00M | $114.00M | - |
| EPS - Basic | $2.16 | - | ($4.47) | ($1.21) | $0.16 | - | ($0.47) | $1.24 | $0.30 | - |
| EPS - Diluted | $2.14 | - | ($4.47) | ($1.21) | $0.16 | - | ($0.47) | $1.23 | $0.30 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.90B | $12.46B | $13.60B | $14.96B | $8.16B | $6.96B | $9.58B | $9.68B | $10.36B | $8.24B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $310.38B | $317.99B | $314.41B | $303.09B | $287.37B | $295.87B | $298.99B | $287.77B | $285.58B | $276.81B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $3.84B | $3.83B | $3.83B | $4.33B | $4.33B | $3.83B | $3.83B | $3.83B | $3.82B | $3.82B |
| Total Liabilities | $308.13B | $316.20B | $312.46B | $300.13B | $282.87B | $292.30B | $292.79B | $283.30B | $280.83B | $271.66B |
| Stockholders' Equity | $273.00M | ($74.00M) | $148.00M | $1.15B | $2.40B | $1.58B | $3.22B | $1.64B | $2.03B | $2.65B |
| Retained Earnings | $8.78B | $8.37B | $8.36B | $9.87B | $10.45B | $10.65B | $9.98B | $10.32B | $10.11B | $10.24B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $499.00M | - | - | - | $158.00M | - | - | - | $31.00M | - |
| Investing Cash Flow | ($2.96B) | - | - | - | ($1.20B) | - | - | - | ($2.68B) | - |
| Financing Cash Flow | ($96.00M) | - | - | - | $2.23B | - | - | - | $4.95B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 21.0% | - | -93.0% | -15.4% | 3.8% | - | -0.5% | 19.4% | 11.1% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 14.7% | - | -90.3% | -14.8% | 1.4% | - | -4.4% | 12.2% | 5.1% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 20.1% | - | - | - | 27.6% | - | - | 21.3% | 20.8% | - |
| Return on assets | 0.2% | - | -0.4% | -0.1% | 0.0% | - | -0.0% | 0.1% | 0.0% | - |
| Return on equity | 227.5% | - | -884.5% | -30.4% | 2.6% | - | -4.2% | 26.0% | 5.6% | - |
| Return on invested capital | 17.2% | - | -26.8% | -5.2% | 1.9% | - | -0.2% | 9.8% | 3.3% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 14.05 | -51.82 | 25.90 | 3.77 | 1.80 | 2.42 | 1.19 | 2.33 | 1.88 | 1.44 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 4.3x | - |
| Equity multiplier | 1136.93 | -4297.16 | 2124.39 | 263.78 | 119.69 | 186.67 | 92.85 | 175.04 | 140.54 | 104.50 |
| Liabilities / Assets | 0.99 | 0.99 | 0.99 | 0.99 | 0.98 | 0.99 | 0.98 | 0.98 | 0.98 | 0.98 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.00 | 0.01 | 0.02 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 17.3x | - | - | - | 325.6x | - | - | 33.2x | 126.7x | - |
| P / B | 38.6x | - | 101.6x | 14.8x | 6.8x | - | 4.2x | 8.1x | 6.2x | - |
| P / S | 2.5x | - | 10.4x | 7.2x | 3.6x | - | 4.3x | 3.8x | 5.7x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.6% | - | -52.9% | -32.7% | 105.2% | - | -15.1% | 47.7% | -5.4% | - |
| Revenue CAGR (3y) | 21.5% | - | -21.6% | -23.0% | 5.1% | - | -5.2% | 6.0% | 24.6% | - |
| Revenue CAGR (5y) | 29.7% | - | -4.7% | - | -18.3% | - | 0.3% | 2.1% | 5.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 409.8% | - | -9528.6% | - | -29.6% | - | - | 26.3% | - | - |
| Net income growth (YoY) | 885.7% | - | -876.9% | - | -44.7% | - | - | -43.6% | -35.6% | - |
| EPS growth (YoY) | 1237.5% | - | -851.1% | - | -46.7% | - | - | -40.3% | -33.3% | - |
| EPS CAGR (3y) | 68.2% | - | - | - | -51.8% | - | - | 74.9% | - | - |
| EPS CAGR (5y) | - | - | - | - | -57.6% | - | - | 10.7% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -88.6% | - | -95.4% | -30.1% | 18.2% | -40.2% | 96.1% | -53.7% | -45.9% | 59.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$13.31B totalInvestment Management And Research$4.12B · 30.9%
Protection Solutions$3.18B · 23.9%
Individual Retirement$2.64B · 19.9%
Wealth Management$1.55B · 11.7%
Group Retirement$1.02B · 7.7%
Legacy$801.00M · 6.0%
Product / service
$160.00M totalInvestment Advice$160.00M · 100.0%
Peer comparison
Same SIC group: Insurance Agents, Brokers & Service
Comparing Equitable Holdings against the 5 most active filers in the same SIC group.
Dividends
$1.11/share trailing 12 months · +12.1% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.3000 |
| Mar 4, 2026 | $0.2700 |
| Nov 24, 2025 | $0.2700 |
| Aug 5, 2025 | $0.2700 |
| Jun 2, 2025 | $0.2700 |
| Mar 5, 2025 | $0.2400 |
| Nov 26, 2024 | $0.2400 |
| Aug 6, 2024 | $0.2400 |
| Jun 3, 2024 | $0.2400 |
| Feb 23, 2024 | $0.2200 |
| Nov 24, 2023 | $0.2200 |
| Aug 4, 2023 | $0.2200 |
| Jun 2, 2023 | $0.2200 |
| Feb 24, 2023 | $0.2000 |
| Nov 25, 2022 | $0.2000 |
| Aug 5, 2022 | $0.2000 |
| May 26, 2022 | $0.2000 |
| Feb 25, 2022 | $0.1800 |
| Nov 26, 2021 | $0.1800 |
| Aug 12, 2021 | $0.1800 |
| May 27, 2021 | $0.1800 |
| Mar 3, 2021 | $0.1700 |
| Nov 20, 2020 | $0.1700 |
| Aug 10, 2020 | $0.1700 |