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MARKETS / NYSE / EQH
NYSE · INSURANCE AGENTS, BROKERS & SERVICE · LARGE CAP

Equitable Holdings, Inc. EQH

10 fiscal years on record · USD · FY2025 reported · SEC filings only
7 YEARS OF DIVIDEND GROWTH
$11.7B
▼ 6.1% YoY
$-1.4B
▼ 207.8% YoY
In brief

What this company does

The Company provides retirement, asset management and wealth management solutions to individual and institutional clients, and had $1.1 trillion of assets under management and administration as of December 31, 2025. The Company earns revenues predominantly from fee income, income from investments, and insurance premiums. The Company manages its business through three reportable segments: Retirement, Asset Management, and Wealth Management. The Retirement segment provides individual annuities, workplace retirement savings plans, and institutional savings products. The Asset Management segment had approximately $866.9 billion in AUM as of December 31, 2025, composed of 41% equities, 36% fixed income and 23% multi-asset class solutions, alternatives and other assets. As of December 31, 2025, the Equitable Advisors broker-dealer business included $122.0 billion in assets under administration. Equitable Holdings has operated since 1859.

Written from the business description in Equitable Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 11.7B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 11.7 · Net income -1.4
5.0B10.0B-0.8B-1.6B2016201720182019202020212022202320242025
Compound annual growth
−2.7%
−1.2%
+10.4%
+9.7%
+15.6%
+19.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−9 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10.2% · Net -8.9%
10%20%30%-10%-20%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -185.1%
20%40%60%-50%-100%-150%2016201720182019202020212022202320242025

Each USD of equity lost 185 cents this year.

Cash & shareholders
USD 1.8B
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2018 · FCF 61.0
25.0M50.0M-100.0M-200.0M2016201720182019202020212022202320242025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.3 · Net buybacks 1.4
0.8B1.6BDividendsNet buybacks2016201720182019202020212022202320242025

USD 314.0M in dividends and USD 1.4B in buybacks went back to shareholders in a year without profit.

Total assetsUSD 318.0B
EquityUSD -74.0M
CashUSD 12.5B
Gross debtUSD 3.9B
Net debtUSD -8.6B

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B11.712.410.512.67.612.49.612.112.511.8
Operating income $B−1.22.10.73.02.6−1.1−2.1···
EBITDA $B······−1.4···
Income tax $B−0.20.3−0.90.60.4−0.7−0.60.30.00.4
Net income $B−1.41.31.32.21.8−0.6−1.81.90.81.3
Free cash flow $B·······0.1−0.2−0.2
EPS, diluted $−4.833.693.425.463.98−1.56−3.573.331.492.24
Dividend / sh $1.050.940.860.780.710.660.580.260.00·
Payout %−2324231417−46−168084
ROE %−185.160.963.633.313.0−4.5−12.913.66.2·
Shares out B0.280.310.330.370.390.440.460.530.56·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 29 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 28 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityInsurance Agents, Brokers & Service
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2016

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