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EQH · Equitable Holdings, Inc. · Financials

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Market Cap
$14.81B
Shares
266.68M
Volume · Nov 10 1.47M Avg daily vol (3M) 2.7M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$11.67B -6.1%
FY2025 Revenue FY2016–FY2025
Net Income
-$1.38B -207.8%
FY2025 Net Income FY2016–FY2025
Diluted EPS
-$4.83 -230.9%
FY2025 Diluted EPS FY2016–FY2025
Operating Cash Flow
$714M -64.4%
FY2025 Operating Cash Flow FY2016–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016
$13.05B $11.67B $12.43B $10.46B $12.64B $7.61B $12.42B $9.62B $12.07B $12.43B $11.76B
— — — — — $3.92B $3.55B $3.77B $2.77B $3.15B $2.74B
$948M $1.05B $1.17B $1.1B $994M $960M $997M $1.15B $1.09B $1.12B $1.08B
— — — — — — — $675M $296M $386M —
$220M $224M $226M $228M $201M $244M $200M $221M $231M $160M $174M
-$136M -$1.27B -$51M -$493M -$631M $863M $872M $206M -$44M -$191M $1.98B
$2.13B -$1.19B $2.08B $714M $2.98B $2.61B -$1.09B -$2.06B $2.49B $1.24B $2.03B
$251M -$156M $280M -$910M $594M $439M -$744M -$593M $301M $42M $378M
$1.5B -$1.38B $1.28B $1.28B $2.14B $1.76B -$648M -$1.76B $1.86B $778M $1.25B
— -11.83% 10.3% 12.27% 16.93% 23.05% -5.22% -18.34% 15.37% 6.26% 10.66%
$371M $343M $516M $341M $241M $415M $299M $297M $334M $423M $395M
$1.45B -$1.44B $1.2B $1.2B $2.06B $1.68B -$701M -$1.76B $1.86B $778M —
-$591M $1.05B $365M $2.48B -$8.1B -$123M $2.37B $488M $671M $1.57B $1.01B
USD/shares $5.25 -$4.83 $3.74 $3.44 $5.46 $4.02 -$1.56 -$3.57 $3.33 $1.39 $2.24
USD/shares $5.20 -$4.83 $3.69 $3.42 $5.42 $3.98 -$1.56 -$3.57 $3.33 $1.39 $2.24
shares — 298.1M 321.2M 350.1M 377.6M 417.4M 450.4M 493.6M 556.4M 561M 561M
shares — 298.1M 324.8M 351.6M 379.9M 421.2M 450.4M 493.6M 556.5M 561M 561M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2016–FY2025: $8.3B in buybacks, $2.25B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

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Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Noncurrent debt carrying amount 2026-09-30 USD 3,841,000,000 10-Q filed 2026-11-05
Short-term borrowings 2026-09-30 USD 0 10-Q filed 2026-11-05
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055

Note · Equitable Holdings, Inc.

Reference: 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 6.7% Reported 2025-03-26 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2025-03-26 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2025-03-26
    On March 26, 2025, Equitable Holdings, Inc. issued $500 million aggregate principal amount of its 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055 (the “junior subordinated debt securities”). The junior subordinated debt securities were issued pursuant to the Junior Subordinated Indenture, dated as of September 18, 2024 (incorporated by reference to Exhibit 4.8 to the Registration Statement on Form S-3 of Equitable Holdings, Inc., File No. 333-282204), between Equitable Holdings, Inc. and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of March 26, 2025 (the “Supplemental Indenture”), between Equitable Holdings, Inc. and the Trustee, with respect to the junior subordinated debt securities, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
    Issuer evidence: On March 26, 2025, Equitable Holdings, Inc. issued $500 million aggregate principal amount of its 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055 (the “junior subordinated debt securities”). The junior subordinated debt securities were issued pursuant to the Junior Subordinated Indenture, dated as of September 18, 2024 (incorporated by reference to Exhibit 4.8 to the Registration Statement on Form S-3 of Equitable Holdings, Inc., File No. 333-282204), between Equitable Holdings, Inc. and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of March 26, 2025 (the “Supplemental Indenture”), between Equitable Holdings, Inc. and the Trustee, with respect to the junior subordinated debt securities, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
    Supporting evidence: On March 26, 2025, Equitable Holdings, Inc. issued $500 million aggregate principal amount of its 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055 (the “junior subordinated debt securities”). The junior subordinated debt securities were issued pursuant to the Junior Subordinated Indenture, dated as of September 18, 2024 (incorporated by reference to Exhibit 4.8 to the Registration Statement on Form S-3 of Equitable Holdings, Inc., File No. 333-282204), between Equitable Holdings, Inc. and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of March 26, 2025 (the “Supplemental Indenture”), between Equitable Holdings, Inc. and the Trustee, with respect to the junior subordinated debt securities, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
0.09×
Peer median 4.01×
EV/EBIT
—
Peer median 13.80×
P/E (TTM)
10.68×
Peer median 18.26×
Price/Sales (TTM)
1.14×
Peer median 4.16×
Price/Book
—
Peer median 2.34×

Peer medians compare against the 45 similar-size Asset Management companies (of 128 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Investment Management and Research $4,117,000,000 $4,105,000,000 $4,430,000,000 $3,703,000,000 $3,479,000,000 $3,411,000,000
Protection Solutions $3,180,000,000 $3,120,000,000 $3,179,000,000 $3,144,000,000 $3,366,000,000 $3,241,000,000
Individual Retirement $2,643,000,000 $2,028,000,000 $1,989,000,000 $4,311,000,000 $4,325,000,000 $4,044,000,000
Wealth Management $1,551,000,000 $1,446,000,000 $1,437,000,000 — — —
Group Retirement $1,021,000,000 $1,158,000,000 $1,371,000,000 $1,148,000,000 $1,077,000,000 $1,019,000,000
Legacy $801,000,000 $819,000,000 $1,229,000,000 — — —
Key facts CIK 1333986 CUSIP 29452E101 13F (30d) 327 filings 289 filers Visit website Investor relations