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

52.60 0.31 −0.59%
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

Equitable Holdings, Inc. (EQH) Gross margin

Alert me on Gross margin

Equitable Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 58.3%, up 19.3 percentage points from fiscal 2025 (38.9%). Over the past ten years it has ranged from 28.4% (fiscal 2019) to 103.4% (fiscal 2021); the current reading is higher than 30% of that period. That is below the Asset Management industry median of 100.0% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 38.9% (19.72)
FY2024 58.6% 3.15
FY2023 55.5% (9.09)
FY2022 64.6% (38.85)
FY2021 103.4% 67.05
FY2020 36.4% 8.01
FY2019 28.4% (29.47)
FY2018 57.8% 9.54
FY2017 48.3% (6.57)
FY2016 54.9% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 73.9% 23.06
Jun 2026 50.8% (0.81)
Mar 2026 51.7% (0.38)
Dec 2025 52.0% 55.00
35 more quarters

Against its own ten years

Low 28.4% High 103.4%
Ten-year median 55.2%
Current reading's percentile 72

Gross margin against peers

Company Gross margin
OWL Blue Owl Capital Inc. compare 100.0%
SEIC SEI Investments Company compare 100.0%
BEN Franklin Resources Inc compare 100.0%
TPG TPG Inc. compare 100.0%
CG Carlyle Group Inc. compare 100.0%
ARCC Ares Capital Corporation compare 100.0%
IVZ Invesco Ltd. compare 65.9%
EQH Equitable Holdings, Inc. 58.3%
CRBG Corebridge Financial, Inc. compare 38.9%
Asset Management industry median 100.0%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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