10-K · April 21, 2026
Equitable (EQH) describes a two‑franchise strategy that leverages an integrated “flywheel” between its retirement/wealth/protection businesses (Equitable) and AllianceBernstein (AB) asset management to drive AUM growth,…
Earnings analysis · 10-Q
EQH earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Equitable Holdings (EQH) delivered strong performance in Q1 2026, exceeding revenue and EPS estimates with reported figures of $4.23 billion in revenue and $1.62 EPS, marking significant year-over-year growth of 24.3%…
Read full summary
Equitable Holdings (EQH) delivered strong performance in Q1 2026, exceeding revenue and EPS estimates with reported figures of $4.23 billion in revenue and $1.62 EPS, marking significant year-over-year growth of 24.3% and 24.6%, respectively. The company showed resilience amidst market volatility, reflecting adjustments from strategic operational changes and a focus on their core segments during the ongoing Corebridge merger process.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.62
- Segment
- Retirement
- Segment
- Asset Management
- Segment
- Wealth Management
What stood out
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Q1 Revenue Beats Expectations
Actual revenue reached $4.23 billion, surpassing estimates of $3.93 billion by 7.6%.
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Strong EPS Growth
Reported EPS of $1.62 exceeded the consensus estimate of $1.61, highlighting operational efficiency.
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Substantial Income Increase
Net income attributable to Holdings increased to $621 million from $63 million YoY.
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Retirement Segment Growth
Operating earnings in the Retirement segment rose to $396 million, up from $380 million YoY.
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Asset Management Resilience
Operating earnings in the Asset Management segment grew by $14 million, reflecting strong fee income.
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Reduced Operating Loss in Corporate
Corporate and Other segment losses narrowed to $119 million, down from $130 million YoY.
What to watch
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Market Volatility Impact
The S&P 500 Index declined by 4.3% during the quarter, contributing to $219 million less in net derivative gains.
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Integration Risks from Corebridge Merger
The ongoing merger presents uncertainties that could disrupt existing operations and strategic direction.
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Regulatory Challenges
Expected increased regulatory scrutiny may affect liquidity and capital adequacy of insurance subsidiaries.
Management's outlook
No specific numeric guidance provided; outlook remains focused on merger integration and revenue stability.
Earlier filings 4
10-K · February 25, 2026
Equitable Holdings positions itself as an integrated retirement value‑chain franchise—product manufacturer (Equitable), asset manager (AllianceBernstein) and distributor (Equitable Advisors)—with $1.1 trillion of assets…
10-K · February 24, 2025
Equitable Holdings presents a diversified retirement, asset management and distribution franchise managing more than $1.0 trillion of AUM/A and six reportable segments. Product-level momentum in Individual Retirement is…
10-Q · November 5, 2024
Equitable reported quarter revenue of $3,076 million, down from $3,624 million a year earlier, and recorded a pre-tax loss of $14 million (three months ended September 30, 2024). Net income available to common…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.