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

Equitable Holdings, Inc.

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

Dividend growth 5 yrs

52.94 3.18 −5.67%

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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 Segments Valuation Filings

Equitable Holdings, Inc. (EQH) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2022: revenue by segment, and margins
Asset Management	4,105	32.47%
Protection Solutions	3,120	24.68%
Individual Retirement	2,028	16.04%
Wealth Management	1,446	11.44%
Group Retirement	1,158	9.16%
Legacy	819	6.48%
Gross margin		64.58%
Operating margin		25.25%
Pre-tax margin		23.66%

Revenue by segment $m

Line	FY2022	FY2020	FY2018	FY2017
Asset Management	4,105 32.47%	3,703 29.83%	3,411 28.26%	3,216 25.87%
Protection Solutions	3,120 24.68%	3,144 25.32%	3,241 26.85%	3,057 24.59%
Individual Retirement	2,028 16.04%	4,311 34.72%	4,044 33.51%	4,374 35.19%
Wealth Management	1,446 11.44%	—	—	—
Group Retirement	1,158 9.16%	1,148 9.25%	1,019 8.44%	942 7.58%
Legacy	819 6.48%	—	—	—
Other, not broken out	—	109 0.88%	354 2.93%	841 6.77%
Revenue	12,644	12,415	12,069	12,430

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AB Private Markets assets under management	Q3 FY2026	$105.0B	—	—
AB third party AUM	Q3 FY2026	$731.4B	$724.4B	+0.97%
AllianceBernstein Private Wealth net flows	Q1 FY2026	$600.0M	$800.0M	−25.00%
AllianceBernstein retail net flows	Q2 FY2026	$900.0M	—	—
AllianceBernstein segment net flows	Q3 FY2026	$6.6B	−$2.3B	+386.96%
AllianceBernstein total AUM	Q3 FY2026	$900.4B	$860.1B	+4.69%
Retirement first year premiums	Q3 FY2026	$6.2B	$5.5B	+12.73%
Retirement first year premiums growth	Q3 FY2026	14.0%	—	—
Retirement net inflows	Q3 FY2026	$1.1B	$1.1B	0.00%
Retirement total assets	Q3 FY2026	$189.0B	$171.7B	+10.08%
Total assets under management/administration	Q3 FY2026	$1.16T	$1.11T	+4.14%
Total AUM	Q3 FY2026	$1.02T	$991.4B	+2.46%
Wealth Management advisor productivity growth	Q3 FY2026	14.0%	8.00%	—
Wealth Management advisory net flows	Q3 FY2026	$2.7B	$2.2B	+22.73%
Wealth Management total AUA	Q3 FY2026	$140.4B	$118.2B	+18.78%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q4 FY2023	Q3 FY2023
AB Private Markets assets under management	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AB third party AUM	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AllianceBernstein Private Wealth net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AllianceBernstein retail net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AllianceBernstein segment net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AllianceBernstein total AUM	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retirement first year premiums	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retirement first year premiums growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retirement net inflows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retirement total assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total assets under management/administration	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total AUM	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wealth Management advisor productivity growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wealth Management advisory net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wealth Management total AUA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.