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Friday 6 November 2026 Export EQH’s income statement to Excel — free account

Equitable Holdings, Inc.

EQH Financial Asset Management

Equitable Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, down 6.12% from fiscal 2024.

Revenue
+167.7%
EPS
+197.8%
Free cash flow
+385.7%
Total debt
+15.1%

Quarter to September 2026, against a year earlier

53.12 0.21 +0.40%
Market cap
$14.2B
P/E
9.5×
Fwd P/E
15.9×
Dividend yield
2.15%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Equitable Holdings, Inc. (EQH) Debt to equity

Alert me on Debt to equity

Equitable Holdings, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was −40.5×, down 45.0× from fiscal 2025 (4.5×). Over the past ten years it has ranged from 0.0× (fiscal 2016) to 4.5× (fiscal 2025) — the current reading is the highest in ten years. That is below the Asset Management industry median of 0.4× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 4.5× 157.56%
FY2024 1.7× 35.38%
FY2023 1.3× (22.92%)
FY2022 1.7× 325.82%
FY2021 0.4× 51.71%
FY2020 0.3× (5.64%)
FY2019 0.3× (14.92%)
FY2018 0.3× 120.23%
FY2017 0.1× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 −40.5× —
Jun 2026 8.1× 118.03%
Mar 2026 3.7× (16.80%)
Dec 2025 4.5× 12.83%
36 more quarters

Against its own ten years

Low 0.0× High 4.5×
Ten-year median 0.4×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
EQH Equitable Holdings, Inc. −40.5×
SEIC SEI Investments Company compare 0.1×
TPG TPG Inc. compare 0.6×
OWL Blue Owl Capital Inc. compare 0.7×
IVZ Invesco Ltd. compare 0.8×
ARCC Ares Capital Corporation compare 1.1×
BEN Franklin Resources Inc compare 1.2×
CRBG Corebridge Financial, Inc. compare 1.6×
CG Carlyle Group Inc. compare 1.9×
Asset Management industry median 0.4×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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