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) Operating margin

Alert me on Operating margin

Equitable Holdings, Inc.'s operating margin over the twelve months to 30 September 2026 was 18.0%, up 26.3 percentage points from fiscal 2025 (−8.31%). Over the past ten years it has ranged from −19.1% (fiscal 2019) to 37.5% (fiscal 2021); the current reading is higher than 20% of that period. That is below the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −8.31% (26.84)
FY2024 18.5% 9.52
FY2023 9.01% (16.24)
FY2022 25.3% (12.22)
FY2021 37.5% 44.66
FY2020 −7.19% 11.93
FY2019 −19.1% (41.67)
FY2018 22.6% 10.78
FY2017 11.8% (6.94)
FY2016 18.7% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 37.2% 63.54
Jun 2026 −26.4% (48.79)
Mar 2026 22.4% 10.50
Dec 2025 11.9% 100.69
35 more quarters

Against its own ten years

Low −19.1% High 37.5%
Ten-year median 15.2%
Current reading's percentile 75

Operating margin against peers

Company Operating margin
ARCC Ares Capital Corporation compare 76.1%
CG Carlyle Group Inc. compare 39.6%
SEIC SEI Investments Company compare 29.5%
CRBG Corebridge Financial, Inc. compare 19.1%
EQH Equitable Holdings, Inc. 18.0%
OWL Blue Owl Capital Inc. compare 17.6%
TPG TPG Inc. compare 15.5%
BEN Franklin Resources Inc compare 9.71%
IVZ Invesco Ltd. compare −4.54%
Asset Management industry median 27.3%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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