Filing Flows › Equitable Holdings (EQH) › Q1 2025
Equitable Holdings (EQH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Equitable Holdings (EQH) reported revenue of $4.6B for the first quarter 2025 (Q1 2025), +105% from a year earlier and +27% from the quarter before. Operating margin was 3.8%, net earnings $63.0M (1.4% of revenue).
Equitable Holdings, Q1 2025: revenue $4.6B (+105% year over year), operating margin 3.8%, net earnings $63.0M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +27% | +105% |
| Operating profit | $174M | -85% | -21% |
| Net earnings | $63.0M | -93% | -32% |
| Operating cash flow | $158M | -60% | +410% |
What changed
Revenue was $4.6B in Q1 2025, up 105% year over year and up 27% from the previous quarter.
Operating profit was $0.17B, a 3.8% margin (down 6.0 points year over year). Operating profit fell $0.04B even though revenue rose $2.3B versus a year earlier, so costs grew faster than sales. Total costs grew 119% against revenue growth of 105%. Net earnings were $0.06B, down 32% year over year. The effective tax rate was 13.8%.
Operating cash flow was $0.16B (up 410% year over year), 105% of net income including minority interests. Working capital and other items added $0.01B.
Questions
What was Equitable Holdings' revenue in the first quarter 2025?
Equitable Holdings (EQH) reported revenue of $4.6B for the first quarter 2025 (Q1 2025), +105% from a year earlier and +27% from the quarter before.
Was Equitable Holdings profitable in the first quarter 2025?
Operating profit was $174M (3.8% of revenue) and net earnings $63.0M.
Source: Equitable Holdings 10-Q on SEC EDGAR.