Equitable Holdings, Inc. (EQH) Financial Statements
Industry: Insurance Agents, Brokers & Service
In fiscal 2025, Equitable reported revenue of $11.66B, down 6.2% from $12.44B the year before. Net income was -$1.38B (a -11.8% net margin), or -$4.83 per diluted share. Gross margin was 79.5% and operating margin was 79.5%. Operating activities generated $714.0M of cash. At fiscal year end, Equitable held $317.99B in total assets against $316.20B in total liabilities, including $12.46B of cash and equivalents.
Open the full interactive Equitable financials → Quarterly statements, key ratios, valuation history and price charts.
Equitable Key Stats
| Share Price | $53.12 |
|---|---|
| Market Cap | $14.78B |
| Revenue YoY Growth | -6.2% |
| 52-Week Range | $34.86 – $54.50 |
| Shares Outstanding | 278.3 million (basic, 2026 Q2) |
Equitable Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.41B | $11.04B | $14.02B | $10.53B | $12.44B | $11.66B |
| Cost of Goods Sold | $5.33B | $3.22B | $3.38B | $2.75B | $2.70B | $2.40B |
| Gross Profit | $7.09B | $7.82B | $10.63B | $7.77B | $9.74B | $9.27B |
| Operating Income | $7.09B | $7.82B | $10.63B | $7.77B | $9.74B | $9.27B |
| Pre-Tax Income | -$1.09B | -$169.0M | $2.52B | $738.0M | $2.11B | -$1.19B |
| Income Tax | -$744.0M | -$145.0M | $499.0M | -$905.0M | $288.0M | -$156.0M |
| Net Income | -$648.0M | -$439.0M | $1.78B | $1.30B | $1.31B | -$1.38B |
| Diluted EPS | -$1.56 | -$1.24 | $4.49 | $3.48 | $3.78 | -$4.83 |
Equitable Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.45B | $3.28B | $4.23B | $1.66B |
| Net Income | -$1.31B | $215.0M | $621.0M | -$453.0M |
| Diluted EPS | -$4.47 | $0.72 | $2.14 | -$1.68 |
Equitable Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.18B | $5.19B | $4.28B | $8.24B | $6.96B | $12.46B |
| Total Assets | $275.40B | $292.26B | $253.47B | $276.81B | $295.87B | $317.99B |
| Total Long-Term Debt | $4.12B | $3.93B | $3.32B | $3.82B | $3.83B | $3.83B |
| Total Liabilities | $258.08B | $278.70B | $249.62B | $271.66B | $292.30B | $316.20B |
| Shareholders' Equity | $15.58B | $11.52B | $1.66B | $2.65B | $1.58B | -$74.0M |
Equitable Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$61.0M | -$756.0M | -$851.0M | -$208.0M | $2.01B | $714.0M |
| Cash From Investing | -$7.82B | -$12.69B | -$7.49B | -$4.85B | -$15.86B | -$10.97B |
| Cash From Financing | $9.67B | $12.51B | $7.65B | $9.00B | $12.44B | $15.72B |
Figures from Equitable's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Equitable financials page for every line item.
Equitable Company Profile
| Ticker | EQH |
|---|---|
| Exchange | NYSE |
| Industry | Insurance Agents, Brokers & Service |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001333986 |
Frequently Asked Questions
What was Equitable's revenue in fiscal 2025?
Equitable (EQH) reported revenue of $11.66B for fiscal 2025.
What is Equitable's annual revenue history?
Equitable's annual revenue by fiscal year: 2020: $12.41B; 2021: $11.04B; 2022: $14.02B; 2023: $10.53B; 2024: $12.44B; 2025: $11.66B.
What was Equitable's net income in fiscal 2025?
Equitable reported net income of -$1.38B for fiscal 2025.
What was Equitable's earnings per share (EPS) in fiscal 2025?
Equitable's diluted EPS was -$4.83 for fiscal 2025 (adjusted for any later stock splits).
What was Equitable's revenue last quarter?
In its most recent reported quarter (2026 Q2), Equitable reported revenue of $1.66B.
How much debt does Equitable have?
Equitable reported $3.83B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Equitable are outstanding?
Equitable reported a weighted average of 278.3 million basic shares outstanding in 2026 Q2.
What is Equitable's market cap?
Based on its latest closing price, Equitable (EQH) has a market capitalization of about $14.78B.
When does Equitable's fiscal year end?
Equitable's fiscal year end, as registered with the SEC, is December 31.
Where is Equitable headquartered?
Equitable lists its business address in New York, New York in its SEC filings.