Equitable Holdings, Inc. (EQH) Financial Statements

Equitable financial statements at a glance

Equitable reported revenue of $11.67 billion for fiscal year 2025 (ended December 31, 2025), down 6.2% from fiscal year 2024. Net income was -$1.44 billion, a net margin of 12.4% loss.

At the end of fiscal year 2025 it had total assets of $317.99 billion, total liabilities of $316.20 billion and shareholders' equity of -$74.00 million, with cash and short-term investments of $42.59 billion and total debt of $6.56 billion.

Its operations brought in $714.00 million of cash; capital spending was $34.00 million, leaving free cash flow of $680.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

Equitable Holdings, Inc.

EQHFinancial Services

United States

Financial Services

USD (Local)

Income Statement

Annual • USD • 10 of 10 periods

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Total Revenue

11.66B

Prev Year: 12.44B

YoY: -6.2%

Interest Income

92.00M

Total Premiums Earned

Prev Year: 1.16B

Total Expenses

12.86B

Prev Year: 10.33B

YoY: +24.5%

Selling General and Administrative

2.43B

Prev Year: 2.44B

YoY: -0.3%

General and Administrative Expense

2.43B

Prev Year: 2.44B

YoY: -0.3%

Net Non Operating Interest Income Expense

-224.00M

Prev Year: -226.00M

YoY: +0.9%

Policyholder Interest

Prev Year: 2.50B

Other Operating Expenses

2.29B

Prev Year: 1.82B

YoY: +25.5%

Policy Acquisition Expenses

Prev Year: 711.00M

Pre-tax Income

-1.19B

Prev Year: 2.11B

YoY: -156.5%

Provision for Income Taxes

-156.00M

Prev Year: 288.00M

YoY: -154.2%

Net Income Common Stockholders

-1.44B

Prev Year: 1.23B

YoY: -217.4%

Net Income

-1.38B

Prev Year: 1.31B

YoY: -205.6%

Net Income Including Non-Controlling Interests

-1.04B

Prev Year: 1.82B

YoY: -156.9%

Net Income from Continuing Operations

-1.04B

Prev Year: 1.82B

YoY: -156.9%

Noncontrolling Interests

-343.00M

Prev Year: -516.00M

YoY: +33.5%

Diluted NI Available to Com Stockholders

-1.44B

Prev Year: 1.23B

YoY: -217.4%

Net Income from Continuing and Discontinued Operation

-1.38B

Prev Year: 1.31B

YoY: -205.6%

Normalized Income

-1.38B

Prev Year: 1.31B

YoY: -205.6%

Reconciled Depreciation

872.00M

Prev Year: 860.00M

YoY: +1.4%

Net Income from Continuing Operation Net Minority Interest

-1.38B

Prev Year: 1.31B

YoY: -205.6%

Tax Rate for Calcs

0.13

Prev Year: 0

EBIT

-969.00M

Prev Year: 2.34B

YoY: -141.5%

Net Interest Income

-224.00M

Interest Expense

224.00M

Prev Year: 226.00M

YoY: -0.9%

Preferred Stock Dividends

61.00M

Prev Year: 80.00M

YoY: -23.8%

Other Income Expense

1.35B

Prev Year: 1.30B

YoY: +3.3%

Non-operating Interest Expense

224.00M

Prev Year: 226.00M

YoY: -0.9%

Salaries and Wages

2.43B

Prev Year: 2.44B

YoY: -0.3%

Operating Revenue

11.66B

Loss Adjustment Expense

2.02B

Prev Year: 731.00M

YoY: +175.8%

Net Policyholder Benefits And Claims

2.02B

Prev Year: 731.00M

YoY: +175.8%

Policyholder Benefits (gross)

3.37B

Prev Year: 1.47B

YoY: +129.4%

Policyholder Benefits (ceded)

1.35B

Prev Year: 736.00M

YoY: +83.4%

Metric

FY 2025

Dec 25

FY 2024

Dec 24

FY 2023

Dec 23

FY 2022

Dec 22

FY 2021

Dec 21

FY 2020

Dec 20

FY 2019

Dec 19

FY 2018

Dec 18

FY 2017

Dec 17

FY 2016

Dec 16

Total Revenue

11.66B

-6.2%

YoY Growth

-6.2%

12.44B

+18.1%

YoY Growth

+18.1%

10.53B

-16.7%

YoY Growth

-16.7%

12.64B

+66.1%

YoY Growth

+66.1%

7.61B

-38.7%

YoY Growth

-38.7%

12.41B

+29.1%

YoY Growth

+29.1%

9.62B

-20.3%

YoY Growth

-20.3%

12.07B

-3.1%

YoY Growth

-3.1%

12.46B

+5.9%

YoY Growth

+5.9%

11.76B

YoY Growth

Interest Income

92.00M

YoY Growth

Total Premiums Earned

YoY Growth

1.16B

+5.3%

YoY Growth

+5.3%

1.10B

+11.1%

YoY Growth

+11.1%

994.00M

+3.5%

YoY Growth

+3.5%

960.00M

-3.7%

YoY Growth

-3.7%

997.00M

-13.1%

YoY Growth

-13.1%

1.15B

+4.8%

YoY Growth

+4.8%

1.09B

-2.7%

YoY Growth

-2.7%

1.12B

+3.8%

YoY Growth

+3.8%

1.08B

YoY Growth

Net Premiums Written

YoY Growth

1.16B

+5.3%

YoY Growth

+5.3%

1.10B

+11.1%

YoY Growth

+11.1%

994.00M

+3.5%

YoY Growth

+3.5%

960.00M

-3.7%

YoY Growth

-3.7%

997.00M

-13.1%

YoY Growth

-13.1%

1.15B

+4.8%

YoY Growth

+4.8%

1.09B

-2.7%

YoY Growth

-2.7%

1.12B

+3.8%

YoY Growth

+3.8%

1.08B

YoY Growth

Gross Premiums Written

YoY Growth

1.41B

+4.4%

YoY Growth

+4.4%

1.35B

+10.4%

YoY Growth

+10.4%

1.22B

+5.4%

YoY Growth

+5.4%

1.16B

+0.7%

YoY Growth

+0.7%

1.15B

-10.6%

YoY Growth

-10.6%

1.29B

+5.1%

YoY Growth

+5.1%

1.23B

-2.9%

YoY Growth

-2.9%

1.26B

+2.8%

YoY Growth

+2.8%

1.23B

YoY Growth

Ceded Premiums

YoY Growth

-247.00M

-0.8%

YoY Growth

-0.8%

-245.00M

-7.5%

YoY Growth

-7.5%

-228.00M

-14.6%

YoY Growth

-14.6%

-199.00M

-29.2%

YoY Growth

-29.2%

-154.00M

-9.2%

YoY Growth

-9.2%

-141.00M

-6.8%

YoY Growth

-6.8%

-132.00M

+5.0%

YoY Growth

+5.0%

-139.00M

+4.8%

YoY Growth

+4.8%

-146.00M

YoY Growth

Net Investment Income

YoY Growth

-1.55B

+3.4%

YoY Growth

+3.4%

-1.60B

-221.3%

YoY Growth

-221.3%

1.32B

+120.5%

YoY Growth

+120.5%

-6.46B

-487.6%

YoY Growth

-487.6%

-1.10B

-251.1%

YoY Growth

-251.1%

-313.00M

-113.0%

YoY Growth

-113.0%

2.40B

-26.8%

YoY Growth

-26.8%

3.28B

+338.1%

YoY Growth

+338.1%

749.00M

YoY Growth

Net Realized Gains (losses) on Investments

YoY Growth

3.76B

+33.7%

YoY Growth

+33.7%

2.81B

+44.1%

YoY Growth

+44.1%

1.95B

-51.4%

YoY Growth

-51.4%

4.02B

+11.8%

YoY Growth

+11.8%

3.60B

+4828.8%

YoY Growth

+4828.8%

73.00M

+265.9%

YoY Growth

+265.9%

-44.00M

+75.0%

YoY Growth

+75.0%

-176.00M

-108.6%

YoY Growth

-108.6%

2.05B

YoY Growth

Fee Revenue and Other Income

YoY Growth

9.06B

+10.3%

YoY Growth

+10.3%

8.21B

-1.9%

YoY Growth

-1.9%

8.37B

-7.9%

YoY Growth

-7.9%

9.09B

+1.9%

YoY Growth

+1.9%

8.92B

+2.4%

YoY Growth

+2.4%

8.71B

+1.1%

YoY Growth

+1.1%

8.62B

+4.7%

YoY Growth

+4.7%

8.23B

+4.5%

YoY Growth

+4.5%

7.88B

YoY Growth

Fees And Commissions

YoY Growth

7.76B

+7.8%

YoY Growth

+7.8%

7.20B

-2.0%

YoY Growth

-2.0%

7.34B

-10.0%

YoY Growth

-10.0%

8.16B

-2.2%

YoY Growth

-2.2%

8.34B

+2.3%

YoY Growth

+2.3%

8.16B

+0.7%

YoY Growth

+0.7%

8.10B

+4.1%

YoY Growth

+4.1%

7.79B

+4.1%

YoY Growth

+4.1%

7.48B

YoY Growth

Total Expenses

12.86B

+24.5%

YoY Growth

+24.5%

10.33B

+5.5%

YoY Growth

+5.5%

9.79B

+1.4%

YoY Growth

+1.4%

9.65B

+92.8%

YoY Growth

+92.8%

5.00B

-62.9%

YoY Growth

-62.9%

13.51B

+15.7%

YoY Growth

+15.7%

11.68B

+21.9%

YoY Growth

+21.9%

9.58B

-14.1%

YoY Growth

-14.1%

11.15B

+14.6%

YoY Growth

+14.6%

9.74B

YoY Growth

Selling General and Administrative

2.43B

-0.3%

YoY Growth

-0.3%

2.44B

+4.9%

YoY Growth

+4.9%

2.33B

+5.8%

YoY Growth

+5.8%

2.20B

-6.9%

YoY Growth

-6.9%

2.36B

+12.7%

YoY Growth

+12.7%

2.10B

+0.7%

YoY Growth

+0.7%

2.08B

+0.1%

YoY Growth

+0.1%

2.08B

+5.0%

YoY Growth

+5.0%

1.98B

+0.8%

YoY Growth

+0.8%

1.97B

YoY Growth

General and Administrative Expense

2.43B

-0.3%

YoY Growth

-0.3%

2.44B

+4.9%

YoY Growth

+4.9%

2.33B

+5.8%

YoY Growth

+5.8%

2.20B

-6.9%

YoY Growth

-6.9%

2.36B

+12.7%

YoY Growth

+12.7%

2.10B

+0.7%

YoY Growth

+0.7%

2.08B

+0.1%

YoY Growth

+0.1%

2.08B

+5.0%

YoY Growth

+5.0%

1.98B

+0.8%

YoY Growth

+0.8%

1.97B

YoY Growth

Net Non Operating Interest Income Expense

-224.00M

+0.9%

YoY Growth

+0.9%

-226.00M

+0.9%

YoY Growth

+0.9%

-228.00M

-13.4%

YoY Growth

-13.4%

-201.00M

+17.6%

YoY Growth

+17.6%

-244.00M

-22.0%

YoY Growth

-22.0%

-200.00M

+9.5%

YoY Growth

+9.5%

-221.00M

+4.3%

YoY Growth

+4.3%

-231.00M

-44.4%

YoY Growth

-44.4%

-160.00M

+8.0%

YoY Growth

+8.0%

-174.00M

YoY Growth

Policyholder Interest

YoY Growth

2.50B

+20.0%

YoY Growth

+20.0%

2.08B

+47.7%

YoY Growth

+47.7%

1.41B

+15.7%

YoY Growth

+15.7%

1.22B

-0.2%

YoY Growth

-0.2%

1.22B

-3.2%

YoY Growth

-3.2%

1.26B

+18.4%

YoY Growth

+18.4%

1.07B

+7.2%

YoY Growth

+7.2%

995.00M

+2.9%

YoY Growth

+2.9%

967.00M

YoY Growth

Other Operating Expenses

2.29B

+25.5%

YoY Growth

+25.5%

1.82B

-4.0%

YoY Growth

-4.0%

1.90B

-13.1%

YoY Growth

-13.1%

2.19B

+3.7%

YoY Growth

+3.7%

2.11B

+23.9%

YoY Growth

+23.9%

1.70B

-10.1%

YoY Growth

-10.1%

1.89B

+4.4%

YoY Growth

+4.4%

1.81B

-12.5%

YoY Growth

-12.5%

2.07B

+37.1%

YoY Growth

+37.1%

1.51B

YoY Growth

Policy Acquisition Expenses

YoY Growth

711.00M

+10.9%

YoY Growth

+10.9%

641.00M

+9.4%

YoY Growth

+9.4%

586.00M

+6.2%

YoY Growth

+6.2%

552.00M

-65.8%

YoY Growth

-65.8%

1.61B

+170.2%

YoY Growth

+170.2%

597.00M

+60.9%

YoY Growth

+60.9%

371.00M

-26.2%

YoY Growth

-26.2%

503.00M

-35.4%

YoY Growth

-35.4%

779.00M

YoY Growth

Fee and Commission Expense

YoY Growth

1.90B

+19.2%

YoY Growth

+19.2%

1.59B

+1.5%

YoY Growth

+1.5%

1.57B

-5.7%

YoY Growth

-5.7%

1.66B

+23.0%

YoY Growth

+23.0%

1.35B

+8.8%

YoY Growth

+8.8%

1.24B

+6.6%

YoY Growth

+6.6%

1.17B

+7.8%

YoY Growth

+7.8%

1.08B

+8.1%

YoY Growth

+8.1%

1.00B

YoY Growth

Pre-tax Income

-1.19B

-156.5%

YoY Growth

-156.5%

2.11B

+186.0%

YoY Growth

+186.0%

738.00M

-75.3%

YoY Growth

-75.3%

2.99B

+14.7%

YoY Growth

+14.7%

2.61B

+338.7%

YoY Growth

+338.7%

-1.09B

+46.9%

YoY Growth

+46.9%

-2.06B

-182.7%

YoY Growth

-182.7%

2.49B

+90.7%

YoY Growth

+90.7%

1.31B

-35.6%

YoY Growth

-35.6%

2.03B

YoY Growth

Provision for Income Taxes

-156.00M

-154.2%

YoY Growth

-154.2%

288.00M

+131.8%

YoY Growth

+131.8%

-905.00M

-251.3%

YoY Growth

-251.3%

598.00M

+36.2%

YoY Growth

+36.2%

439.00M

+159.0%

YoY Growth

+159.0%

-744.00M

-25.5%

YoY Growth

-25.5%

-593.00M

-297.0%

YoY Growth

-297.0%

301.00M

+514.3%

YoY Growth

+514.3%

49.00M

-87.0%

YoY Growth

-87.0%

378.00M

YoY Growth

Net Income Common Stockholders

-1.44B

-217.4%

YoY Growth

-217.4%

1.23B

+0.4%

YoY Growth

+0.4%

1.22B

-41.1%

YoY Growth

-41.1%

2.07B

+23.7%

YoY Growth

+23.7%

1.68B

+339.1%

YoY Growth

+339.1%

-701.00M

+60.3%

YoY Growth

+60.3%

-1.76B

-195.1%

YoY Growth

-195.1%

1.85B

+122.4%

YoY Growth

+122.4%

834.00M

-33.5%

YoY Growth

-33.5%

1.25B

YoY Growth

Net Income

-1.38B

-205.6%

YoY Growth

-205.6%

1.31B

+0.4%

YoY Growth

+0.4%

1.30B

-39.5%

YoY Growth

-39.5%

2.15B

+22.7%

YoY Growth

+22.7%

1.75B

+370.8%

YoY Growth

+370.8%

-648.00M

+63.3%

YoY Growth

+63.3%

-1.76B

-195.1%

YoY Growth

-195.1%

1.85B

+122.4%

YoY Growth

+122.4%

834.00M

-33.5%

YoY Growth

-33.5%

1.25B

YoY Growth

Net Income Including Non-Controlling Interests

-1.04B

-156.9%

YoY Growth

-156.9%

1.82B

+11.0%

YoY Growth

+11.0%

1.64B

-31.4%

YoY Growth

-31.4%

2.39B

+10.3%

YoY Growth

+10.3%

2.17B

+721.8%

YoY Growth

+721.8%

-349.00M

+76.2%

YoY Growth

+76.2%

-1.47B

-167.0%

YoY Growth

-167.0%

2.19B

+74.1%

YoY Growth

+74.1%

1.26B

-23.8%

YoY Growth

-23.8%

1.65B

YoY Growth

Net Income from Continuing Operations

-1.04B

-156.9%

YoY Growth

-156.9%

1.82B

+11.0%

YoY Growth

+11.0%

1.64B

-31.4%

YoY Growth

-31.4%

2.39B

+10.3%

YoY Growth

+10.3%

2.17B

+721.8%

YoY Growth

+721.8%

-349.00M

+76.2%

YoY Growth

+76.2%

-1.47B

-167.0%

YoY Growth

-167.0%

2.19B

+74.1%

YoY Growth

+74.1%

1.26B

-23.8%

YoY Growth

-23.8%

1.65B

YoY Growth

Noncontrolling Interests

-343.00M

+33.5%

YoY Growth

+33.5%

-516.00M

-51.3%

YoY Growth

-51.3%

-341.00M

-41.5%

YoY Growth

-41.5%

-241.00M

+41.9%

YoY Growth

+41.9%

-415.00M

-38.8%

YoY Growth

-38.8%

-299.00M

-0.7%

YoY Growth

-0.7%

-297.00M

+11.1%

YoY Growth

+11.1%

-334.00M

+21.0%

YoY Growth

+21.0%

-423.00M

-7.1%

YoY Growth

-7.1%

-395.00M

YoY Growth

Otherunder Preferred Stock Dividend

YoY Growth

10.00M

YoY Growth

Diluted NI Available to Com Stockholders

-1.44B

-217.4%

YoY Growth

-217.4%

1.23B

+0.4%

YoY Growth

+0.4%

1.22B

-41.1%

YoY Growth

-41.1%

2.07B

+23.7%

YoY Growth

+23.7%

1.68B

+339.1%

YoY Growth

+339.1%

-701.00M

+60.3%

YoY Growth

+60.3%

-1.76B

-195.1%

YoY Growth

-195.1%

1.85B

+122.4%

YoY Growth

+122.4%

834.00M

-33.5%

YoY Growth

-33.5%

1.25B

YoY Growth

Net Income from Continuing and Discontinued Operation

-1.38B

-205.6%

YoY Growth

-205.6%

1.31B

+0.4%

YoY Growth

+0.4%

1.30B

-39.5%

YoY Growth

-39.5%

2.15B

+22.7%

YoY Growth

+22.7%

1.75B

+370.8%

YoY Growth

+370.8%

-648.00M

+63.3%

YoY Growth

+63.3%

-1.76B

-195.1%

YoY Growth

-195.1%

1.85B

+122.4%

YoY Growth

+122.4%

834.00M

-33.5%

YoY Growth

-33.5%

1.25B

YoY Growth

Normalized Income

-1.38B

-205.6%

YoY Growth

-205.6%

1.31B

+0.4%

YoY Growth

+0.4%

1.30B

-39.5%

YoY Growth

-39.5%

2.15B

+22.7%

YoY Growth

+22.7%

1.75B

+370.8%

YoY Growth

+370.8%

-648.00M

+63.3%

YoY Growth

+63.3%

-1.76B

-195.1%

YoY Growth

-195.1%

1.85B

+122.4%

YoY Growth

+122.4%

834.00M

-33.5%

YoY Growth

-33.5%

1.25B

YoY Growth

Reconciled Depreciation

872.00M

+1.4%

YoY Growth

+1.4%

860.00M

+5.9%

YoY Growth

+5.9%

812.00M

+27.7%

YoY Growth

+27.7%

636.00M

+22.5%

YoY Growth

+22.5%

519.00M

-70.5%

YoY Growth

-70.5%

1.76B

+160.3%

YoY Growth

+160.3%

675.00M

+128.0%

YoY Growth

+128.0%

296.00M

-25.8%

YoY Growth

-25.8%

399.00M

-47.4%

YoY Growth

-47.4%

758.00M

YoY Growth

Net Income from Continuing Operation Net Minority Interest

-1.38B

-205.6%

YoY Growth

-205.6%

1.31B

+0.4%

YoY Growth

+0.4%

1.30B

-39.5%

YoY Growth

-39.5%

2.15B

+22.7%

YoY Growth

+22.7%

1.75B

+370.8%

YoY Growth

+370.8%

-648.00M

+63.3%

YoY Growth

+63.3%

-1.76B

-195.1%

YoY Growth

-195.1%

1.85B

+122.4%

YoY Growth

+122.4%

834.00M

-33.5%

YoY Growth

-33.5%

1.25B

YoY Growth

Tax Rate for Calcs

0.13

YoY Growth

EBIT

-969.00M

-141.5%

YoY Growth

-141.5%

2.34B

+141.9%

YoY Growth

+141.9%

966.00M

-69.7%

YoY Growth

-69.7%

3.19B

+11.9%

YoY Growth

+11.9%

2.85B

+419.5%

YoY Growth

+419.5%

-893.00M

+51.4%

YoY Growth

+51.4%

-1.84B

-167.6%

YoY Growth

-167.6%

2.72B

+85.6%

YoY Growth

+85.6%

1.47B

-33.4%

YoY Growth

-33.4%

2.20B

YoY Growth

Net Interest Income

-224.00M

YoY Growth

Interest Expense

224.00M

-0.9%

YoY Growth

-0.9%

226.00M

-0.9%

YoY Growth

-0.9%

228.00M

+13.4%

YoY Growth

+13.4%

201.00M

-17.6%

YoY Growth

-17.6%

244.00M

+22.0%

YoY Growth

+22.0%

200.00M

-9.5%

YoY Growth

-9.5%

221.00M

-4.3%

YoY Growth

-4.3%

231.00M

+44.4%

YoY Growth

+44.4%

160.00M

-8.0%

YoY Growth

-8.0%

174.00M

YoY Growth

Preferred Stock Dividends

61.00M

-23.8%

YoY Growth

-23.8%

80.00M

0.0%

YoY Growth

0.0%

80.00M

0.0%

YoY Growth

0.0%

80.00M

+1.3%

YoY Growth

+1.3%

79.00M

+49.1%

YoY Growth

+49.1%

53.00M

YoY Growth

Other Income Expense

1.35B

+3.3%

YoY Growth

+3.3%

1.30B

+28.7%

YoY Growth

+28.7%

1.01B

-1.4%

YoY Growth

-1.4%

1.03B

+11.0%

YoY Growth

+11.0%

926.00M

+60.8%

YoY Growth

+60.8%

576.00M

+4.0%

YoY Growth

+4.0%

554.00M

+7.4%

YoY Growth

+7.4%

516.00M

+16.0%

YoY Growth

+16.0%

445.00M

+10.7%

YoY Growth

+10.7%

402.00M

YoY Growth

Non-operating Interest Expense

224.00M

-0.9%

YoY Growth

-0.9%

226.00M

-0.9%

YoY Growth

-0.9%

228.00M

+13.4%

YoY Growth

+13.4%

201.00M

-17.6%

YoY Growth

-17.6%

244.00M

+22.0%

YoY Growth

+22.0%

200.00M

-9.5%

YoY Growth

-9.5%

221.00M

-4.3%

YoY Growth

-4.3%

231.00M

+44.4%

YoY Growth

+44.4%

160.00M

-8.0%

YoY Growth

-8.0%

174.00M

YoY Growth

Salaries and Wages

2.43B

-0.3%

YoY Growth

-0.3%

2.44B

+4.9%

YoY Growth

+4.9%

2.33B

+5.8%

YoY Growth

+5.8%

2.20B

-6.9%

YoY Growth

-6.9%

2.36B

+12.7%

YoY Growth

+12.7%

2.10B

+0.7%

YoY Growth

+0.7%

2.08B

+0.1%

YoY Growth

+0.1%

2.08B

+5.0%

YoY Growth

+5.0%

1.98B

+0.8%

YoY Growth

+0.8%

1.97B

YoY Growth

Operating Revenue

11.66B

YoY Growth

Loss Adjustment Expense

2.02B

+175.8%

YoY Growth

+175.8%

731.00M

-28.5%

YoY Growth

-28.5%

1.02B

-32.0%

YoY Growth

-32.0%

1.50B

+147.8%

YoY Growth

+147.8%

-3.14B

-159.0%

YoY Growth

-159.0%

5.33B

+21.5%

YoY Growth

+21.5%

4.38B

+53.5%

YoY Growth

+53.5%

2.86B

-34.6%

YoY Growth

-34.6%

4.37B

+30.6%

YoY Growth

+30.6%

3.34B

YoY Growth

Net Policyholder Benefits And Claims

2.02B

+175.8%

YoY Growth

+175.8%

731.00M

-28.5%

YoY Growth

-28.5%

1.02B

-32.0%

YoY Growth

-32.0%

1.50B

+147.8%

YoY Growth

+147.8%

-3.14B

-159.0%

YoY Growth

-159.0%

5.33B

+21.5%

YoY Growth

+21.5%

4.38B

+53.5%

YoY Growth

+53.5%

2.86B

-34.6%

YoY Growth

-34.6%

4.37B

+30.6%

YoY Growth

+30.6%

3.34B

YoY Growth

Policyholder Benefits (gross)

3.37B

+129.4%

YoY Growth

+129.4%

1.47B

-15.7%

YoY Growth

-15.7%

1.74B

-21.9%

YoY Growth

-21.9%

2.23B

+192.0%

YoY Growth

+192.0%

-2.42B

-139.9%

YoY Growth

-139.9%

6.07B

+22.5%

YoY Growth

+22.5%

4.95B

+73.4%

YoY Growth

+73.4%

2.86B

-34.6%

YoY Growth

-34.6%

4.37B

+30.6%

YoY Growth

+30.6%

3.34B

YoY Growth

Policyholder Benefits (ceded)

1.35B

+83.4%

YoY Growth

+83.4%

736.00M

+2.5%

YoY Growth

+2.5%

718.00M

-1.0%

YoY Growth

-1.0%

725.00M

+0.6%

YoY Growth

+0.6%

721.00M

-2.7%

YoY Growth

-2.7%

741.00M

+30.9%

YoY Growth

+30.9%

566.00M

YoY Growth

Values in USDShowing 10 of 10 periods

Equitable key figures by fiscal year

	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	$11.7B	$12.4B	$10.5B	$12.6B	$7.6B
Operating income	-$969.0M	$2.3B	$966.0M	$3.2B	$2.9B
Net income	-$1.4B	$1.2B	$1.2B	$2.1B	$1.7B
Total assets	$318.0B	$295.9B	$276.8B	$252.7B	$292.3B
Total liabilities	$316.2B	$292.3B	$271.7B	$249.1B	$278.7B
Shareholders' equity	-$74.0M	$1.6B	$2.6B	$1.4B	$11.5B
Cash and short-term investments	$42.6B	–	–	–	–
Total debt	$6.6B	$5.9B	$5.6B	$5.2B	$5.1B
Operating cash flow	$714.0M	$2.0B	-$208.0M	-$250.0M	-$193.0M
Capital spending	$34.0M	$153.0M	$117.0M	$167.0M	$120.0M
Free cash flow	$680.0M	$1.9B	-$325.0M	-$417.0M	-$313.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Equitable's revenue in fiscal year 2025?

$11.67 billion, down 6.2% from $12.44 billion in fiscal year 2024.

How much profit does Equitable make?

Equitable reported net income of -$1.44 billion for fiscal year 2025 (12.4% of revenue); operating income was -$969.00 million.

How much cash and debt does Equitable have?

At the end of fiscal year 2025: cash and short-term investments of $42.59 billion and total debt of $6.56 billion.

What is Equitable's free cash flow?

$680.00 million in fiscal year 2025 (operating cash flow of $714.00 million minus capital spending of $34.00 million).

MoreEquitable stock overview Equitable executive team Equitable shareholders Equitable revenue by segment

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.