Equitable Holdings, Inc. (EQH) Revenue by Segment

Equitable revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Equitable's largest business segment was Retirement, with $1.75 billion or 51% of revenue, up 17.2% from a year earlier. Next: Asset Management (33%) and Wealth Management (16%).

The fastest-growing business segment from a year earlier was Retirement (+17.2%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2018.

Equitable Holdings, Inc.

EQHFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Protection SolutionsAsset ManagementIndividual RetirementRetirementInvestment Management and ResearchCorporate and otherWealth ManagementGroup RetirementOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Retirement	USD 1.75B	51.0%	+17.2%
Asset Management	USD 1.13B	33.1%	+3.7%
Wealth Management	USD 544.00M	15.9%	+16.0%
Corporate and otheri	USD 548.00M		-43.9%
Intersegment eliminationsi	-USD 247.00M		–

Sum of items USD 3.43B; corporate items and eliminations USD 301.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q4 FY19	Q4 FY18	Q1 FY18
Protection Solutions	–	–	–	–	–	–	–	839.0M	834.0M	825.0M	–	822.0M	784.0M	767.0M	763.0M	759.0M	789.0M	809.0M	–	838.0M	826.0M	–	751.0M	728.0M	–	–	814.0M
Asset Management	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	–	1.1B	1.1B	–	–	1.0B	1.0B	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Individual Retirement	–	–	–	–	–	–	–	–	888.0M	766.0M	715.0M	762.0M	–	–	–	512.0M	471.0M	507.0M	–	998.0M	–	–	1.1B	800.0M	1.1B	1.2B	729.0M
Retirement	1.7B	1.7B	1.7B	1.6B	1.5B	1.5B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Investment Management and Research	–	–	–	–	–	–	–	–	–	–	1.1B	–	–	1.0B	–	996.0M	1.0B	1.1B	–	1.1B	–	–	–	844.0M	–	–	909.0M
Corporate and other	548.0M	525.0M	546.0M	741.0M	977.0M	1.0B	–	246.0M	–	–	318.0M	257.0M	–	–	265.0M	222.0M	200.0M	–	–	479.0M	–	–	–	270.0M	314.0M	–	288.0M
Wealth Management	544.0M	541.0M	548.0M	499.0M	469.0M	462.0M	–	450.0M	442.0M	423.0M	–	390.0M	391.0M	362.0M	349.0M	–	368.0M	376.0M	–	–	–	–	–	–	–	–	–
Group Retirement	–	–	–	–	–	–	–	314.0M	283.0M	–	–	267.0M	–	–	238.0M	287.0M	298.0M	335.0M	–	343.0M	329.0M	–	–	246.0M	286.0M	–	238.0M
Legacy	–	–	–	–	–	–	–	117.0M	117.0M	210.0M	–	129.0M	203.0M	206.0M	201.0M	204.0M	199.0M	–	–	–	–	–	–	–	–	–	–

Equitable revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Retirement	$1.7B	$1.7B	$1.6B	$1.5B	51%
Asset Management	$1.1B	$1.1B	$1.1B	$1.1B	33%
Wealth Management	$544.0M	$541.0M	$499.0M	$469.0M	16%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Equitable's business segments?

Retirement, Asset Management and Wealth Management (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Equitable?

Retirement: $1.75 billion, or 51% of revenue, in Q2 fiscal 2026.

MoreEquitable stock overview Equitable financials Equitable executive team Equitable shareholders

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.