Equitable Holdings, Inc. (EQH)
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Asset Management, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement variable annuity products, including structured capital strategies, retirement cornerstone, and investment edge primarily to affluent and high net worth individuals. The Group Retirement provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. It offers guaranteed and structured investment option, and personal income benefit variable annuity products and open architecture mutual fund platform. The Asset Management segment offers investment management and related services to various clients through institutions, retail, and private wealth management. The Protection Solutions segment provides life insurance products, such as VUL and COLI insurance, IUL insurance, and term life; and employee benefits business which includes group life, supplemental life, dental, vision, short-term disability, long-term disability, critical illness, accident and hospital indemnity insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
- Symbol
- EQH
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $14.27B
- 52 week range
- 35.19 - 55.15
Valuation
- Share price
- $52.27 (close of 2026-09-23)
- P/E (TTM)
- -15.84x
- Price to book
- 16.64x
- Price to free cash flow
- 10.52x
- Enterprise value
- $4.06B
- Book value per share
- $3.14
Price performance
| Period | Change |
|---|
| 1 day | -2.97% |
| 5 days | -3.15% |
| 1 month | +6.89% |
| 3 months | +16.34% |
| 6 months | +37.26% |
| Year to date | +9.70% |
| 1 year | -3.28% |
| 3 years | +86.35% |
| 5 years | +78.64% |
| All time | +156.98% |
Profitability and growth
- Return on equity
- -94.13%
- Return on assets
- -0.43%
- Net margin
- -11.83%
- EBITDA margin
- -11.25%
- Revenue growth
- -6.12%
- Net income growth
- -207.81%
- Free cash flow growth
- -64.41%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.51%
- Net debt to EBITDA
- 13.03x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $11.66B
- EBITDA
- $-1.31B
- Net income
- $-1.38B
- Earnings per share
- $-4.83
- Interest expense
- $224.00M
- Shares outstanding
- 298.10M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $11.66B | $-1.38B | $-4.83 |
| 2024-12-31 | $12.43B | $1.28B | $3.74 |
| 2023-12-31 | $10.46B | $1.28B | $3.44 |
| 2022-12-31 | $12.64B | $2.15B | $5.49 |
| 2021-12-31 | $7.61B | $1.75B | $4.02 |
| 2020-12-31 | $12.41B | $-648.00M | $-1.56 |
| 2019-12-31 | $9.62B | $-1.76B | $-3.57 |
| 2018-12-31 | $12.07B | $1.85B | $3.33 |
| 2017-12-31 | $12.46B | $834.00M | $1.49 |
| 2016-12-31 | $11.76B | $1.25B | $2.24 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | -11.83% | -94.13% |
| 2024-12-31 | 10.30% | 37.39% |
| 2023-12-31 | 12.27% | 29.33% |
| 2022-12-31 | 17.03% | 67.96% |
| 2021-12-31 | 23.05% | 14.71% |
| 2020-12-31 | -5.22% | -3.77% |
| 2019-12-31 | -18.34% | -11.72% |
| 2018-12-31 | 15.37% | 12.07% |
| 2017-12-31 | 6.69% | 5.08% |
| 2016-12-31 | 10.66% | 8.62% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $12.46B | $3.83B |
| 2024-12-31 | $6.96B | $3.83B |
| 2023-12-31 | $8.24B | $3.82B |
| 2022-12-31 | $4.28B | $3.32B |
| 2021-12-31 | $5.19B | $3.84B |
| 2020-12-31 | $6.18B | - |
| 2019-12-31 | $4.41B | - |
| 2018-12-31 | $4.47B | - |
| 2017-12-31 | $4.81B | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $714.00M | $262.00M |
| 2024-12-31 | $2.01B | $313.00M |
| 2023-12-31 | $-208.00M | $294.00M |
| 2022-12-31 | $-250.00M | $328.00M |
| 2021-12-31 | $-193.00M | $274.00M |
| 2020-12-31 | $-61.00M | $252.00M |
| 2019-12-31 | $-216.00M | $276.00M |
| 2018-12-31 | $61.00M | $228.00M |
| 2017-12-31 | $-243.00M | $247.00M |
| 2016-12-31 | $-236.00M | $213.00M |
Dividend history
- Most recent payment
- 2026-08-03
- Paid in the last twelve months
- $1.14
| Payment date | Dividend per share |
|---|
| 2026-08-03 | $0.30 |
| 2026-06-01 | $0.30 |
| 2026-03-04 | $0.27 |
| 2025-11-24 | $0.27 |
| 2025-08-05 | $0.27 |
| 2025-06-02 | $0.27 |
| 2025-03-05 | $0.24 |
| 2024-11-26 | $0.24 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $1.89
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $1.66 |
| 2026-05-04 | - | - |
| 2026-02-04 | - | - |
| 2025-11-04 | - | - |
| 2025-08-05 | - | - |
| 2025-04-29 | - | - |
| 2025-02-05 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- ir.equitableholdings.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
BlackRock, Inc. (BLK) · Blackstone Inc. (BX) · KKR & Co. Inc. (KKR) · Ameriprise Financial Inc (AMP) · Northern Trust Corp (NTRS) · Raymond James Financial Inc (RJF) · Principal Financial Group Inc (PFG) · T. Rowe Price Group Inc (TROW)
All Financial Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades