Equitable Holdings, Inc. logo

Equitable Holdings, Inc.

EQH

NYSEFinancial ServicesAsset Management

Previous close

$48.90

+$0.15 · +0.31%

Aug 21, 4:00 PM ET

EQH company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

20

Overpriced

Momentum

46

Neutral

Sentiment

67

Bullish

Risk resilience

68

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Equitable Holdings, Inc. operates as a global, diversified financial services enterprise, delivering its offerings through four primary divisions. The Individual Retirement segment focuses on providing variable annuity products predominantly to high-net-worth individuals. Its Group Retirement segment supplies tax-advantaged investment and retirement plans to a variety of organizations, including educational institutions, municipalities, non-profit entities, and small to mid-sized businesses. Through its Investment Management and Research division, the company offers a broad spectrum of investment management, research, and related services to institutional, retail, and private wealth clients, additionally distributing its specialized research offerings. The Protection Solutions segment delivers a range of life insurance products—such as variable universal, indexed universal, and term life—to affluent individuals and owners of small and medium-sized businesses. This segment also extends group insurance coverage, encompassing life, short- and long-term disability, dental, and vision benefits, to small and medium-sized enterprises. Founded in 1859 and based in New York, New York, the company adopted its current name, Equitable Holdings, Inc., in January 2020, having previously been known as AXA Equitable Holdings, Inc.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Mark Pearson
Listed since
May 10, 2018
Employees
8,000

Market position

Day range

Current $48.90

52-week range

Current $48.90

Open
$49.435
Previous close
$48.75
Volume
1.65M
0.45× average
Average volume
3.69M
Average daily volume
Market cap
13.35B USD
Beta
1.09
Market reference 1
50-day average
$47.8056
+2.29% above average
200-day average
$44.3805
+10.18% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.3B USD
EV / EBITDA
-85.61×
Earnings yield
-9.72%
Free cash flow yield
4.78%

Profitability & efficiency

Return on equity
1864.86%
Return on assets
-0.43%
Return on invested capital
-0.58%

Financial health

Current ratio
0.57×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends107%64%21%-23%Gross margin, FY2021: 96.18%Gross margin, FY2022: 59.94%Gross margin, FY2023: 49.32%Gross margin, FY2024: 53.07%Gross margin, FY2025: 79.14%Operating margin, FY2021: 34.27%Operating margin, FY2022: 23.66%Operating margin, FY2023: 7.01%Operating margin, FY2024: 16.97%Operating margin, FY2025: -10.23%Net margin, FY2021: 23.05%Net margin, FY2022: 17.03%Net margin, FY2023: 12.37%Net margin, FY2024: 10.51%Net margin, FY2025: -11.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 96.18%. Gross margin FY2022 59.94%. Gross margin FY2023 49.32%. Gross margin FY2024 53.07%. Gross margin FY2025 79.14%. Operating margin FY2021 34.27%. Operating margin FY2022 23.66%. Operating margin FY2023 7.01%. Operating margin FY2024 16.97%. Operating margin FY2025 -10.23%. Net margin FY2021 23.05%. Net margin FY2022 17.03%. Net margin FY2023 12.37%. Net margin FY2024 10.51%. Net margin FY2025 -11.83%.

Income trends

Revenue

11.67B USD-6.21%

Operating income

−1.19B USD−3.3B USD

Net income

−1.38B USD−2.69B USD
Income trends across reported periods14.05B USD8.44B USD2.83B USD−2.78B USDRevenue, FY2021: 7.61B USDRevenue, FY2022: 12.64B USDRevenue, FY2023: 10.53B USDRevenue, FY2024: 12.44B USDRevenue, FY2025: 11.67B USDOperating income, FY2021: 2.61B USDOperating income, FY2022: 2.99B USDOperating income, FY2023: 738M USDOperating income, FY2024: 2.11B USDOperating income, FY2025: −1.19B USDNet income, FY2021: 1.76B USDNet income, FY2022: 2.15B USDNet income, FY2023: 1.3B USDNet income, FY2024: 1.31B USDNet income, FY2025: −1.38B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.61B USD. Revenue FY2022 12.64B USD. Revenue FY2023 10.53B USD. Revenue FY2024 12.44B USD. Revenue FY2025 11.67B USD. Operating income FY2021 2.61B USD. Operating income FY2022 2.99B USD. Operating income FY2023 738M USD. Operating income FY2024 2.11B USD. Operating income FY2025 −1.19B USD. Net income FY2021 1.76B USD. Net income FY2022 2.15B USD. Net income FY2023 1.3B USD. Net income FY2024 1.31B USD. Net income FY2025 −1.38B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue11.67B USD12.44B USD10.53B USD12.64B USD7.61B USD
Cost of goods sold2.43B USD5.84B USD5.34B USD5.07B USD291M USD
Gross profit9.23B USD6.6B USD5.19B USD7.58B USD7.32B USD
Selling, general, and administrative2.44B USD2.33B USD2.2B USD2.36B USD
Operating expenses10.43B USD4.49B USD4.45B USD4.59B USD4.71B USD
Interest expense224M USD226M USD228M USD201M USD244M USD
Depreciation and amortization872M USD860M USD812M USD636M USD519M USD
Operating income−1.19B USD2.11B USD738M USD2.99B USD2.61B USD
Net income−1.38B USD1.31B USD1.3B USD2.15B USD1.76B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
-14.88%
11 comparable reports
Latest EPS result
1.7
Estimate 1.65 · Beat by 3.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.120.93-0.27-1.46Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 1.57, estimate 1.65, surprise -4.85%, Miss. Q2 2025, reported Apr 29, 2025: actual 1.35, estimate 1.47, surprise -8.16%, Miss. Q3 2025, reported Aug 5, 2025: actual -1.21, estimate 1.71, surprise -170.76%, Miss. Q4 2025, reported Nov 4, 2025: actual 1.48, estimate 1.61, surprise -8.07%, Miss. Q1 2026, reported Feb 4, 2026: actual 1.76, estimate 1.75, surprise +0.57%, Beat. Q2 2026, reported May 4, 2026: actual 1.62, estimate 1.6, surprise +1.25%, Beat. Q3 2026, reported Aug 4, 2026: actual 1.7, estimate 1.65, surprise +3.03%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.87, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.83B3.63B2.43B1.23BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 3.62B USD, estimate 3.98B USD, surprise -9.06%, Miss. Q2 2025, reported Apr 29, 2025: actual 4.58B USD, estimate 3.83B USD, surprise +19.37%, Beat. Q3 2025, reported Aug 5, 2025: actual 2.36B USD, estimate 3.99B USD, surprise -40.75%, Miss. Q4 2025, reported Nov 4, 2025: actual 1.45B USD, estimate 3.5B USD, surprise -58.51%, Miss. Q1 2026, reported Feb 4, 2026: actual 3.28B USD, estimate 3.95B USD, surprise -17.04%, Miss. Q2 2026, reported May 4, 2026: actual 4.23B USD, estimate 3.94B USD, surprise +7.31%, Beat. Q3 2026, reported Aug 4, 2026: actual 1.66B USD, estimate 3.84B USD, surprise -56.87%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 3.73B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$62.43

27.67% upside
Past 12 months12-month forecastHigh $68.00Average $62.43Low $52.00

EQH peers

ETFs holding EQH

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research EQH

research.disclaimer