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Equitable Holdings (EQH) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 7, 2026

Equitable Holdings (EQH) reported revenue of $4.2B for the first quarter 2026 (Q1 2026), -8% from a year earlier and +29% from the quarter before. Operating margin was 21.0%, net earnings $621M (14.7% of revenue).

Revenue$4.2B
Year over year-8%
Quarter over quarter+29%
Operating margin21.0%
Net earnings$621M

Equitable Holdings, Q1 2026: revenue $4.2B (-8% year over year), operating margin 21.0%, net earnings $621M, operating cash flow $499M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$4.2B+29%-8%
Operating profit$887M+158%+410%
Net earnings$621M+189%+886%
Operating cash flow$499M—+216%

What changed

Revenue was $4.2B in Q1 2026, down 8% year over year and up 29% from the previous quarter.

Operating profit was $0.89B, a 21.0% margin (up 17.2 points year over year). Total costs fell 24% while revenue fell 8%. Net earnings were $0.62B, up 886% year over year. The effective tax rate was 17.6%.

Operating cash flow was $0.50B (up 216% year over year), 68% of net income including minority interests. Working capital and other items used $0.23B.

Questions

What was Equitable Holdings' revenue in the first quarter 2026?

Equitable Holdings (EQH) reported revenue of $4.2B for the first quarter 2026 (Q1 2026), -8% from a year earlier and +29% from the quarter before.

Was Equitable Holdings profitable in the first quarter 2026?

Operating profit was $887M (21.0% of revenue) and net earnings $621M.

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Source: Equitable Holdings 10-Q on SEC EDGAR.