Filing Flows › Equitable Holdings (EQH) › Q2 2025
Equitable Holdings (EQH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Equitable Holdings (EQH) reported revenue of $2.4B for the second quarter 2025 (Q2 2025), -33% from a year earlier and -48% from the quarter before. Operating margin was -15.4%, net loss $283M (12.0% of revenue).
Equitable Holdings, Q2 2025: revenue $2.4B (-33% year over year), operating margin -15.4%, net loss $283M, operating cash flow $341M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -48% | -33% |
| Operating profit | −$363M | -309% | — |
| Net earnings | −$283M | -549% | — |
| Operating cash flow | $341M | +116% | -62% |
What changed
Revenue was $2.4B in Q2 2025, down 33% year over year and down 48% from the previous quarter.
Operating costs exceeded revenue by $0.36B, an operating margin of -15.4%. Total costs fell 4% while revenue fell 33%. The quarter ended with a net loss of $0.28B, after a profit of $0.15B the previous quarter.
Operating cash flow was $0.34B (down 62% year over year). Working capital and other items added $0.62B.
Questions
What was Equitable Holdings' revenue in the second quarter 2025?
Equitable Holdings (EQH) reported revenue of $2.4B for the second quarter 2025 (Q2 2025), -33% from a year earlier and -48% from the quarter before.
Was Equitable Holdings profitable in the second quarter 2025?
Operating loss was $363M (-15.4% of revenue) and net loss $283M.
Source: Equitable Holdings 10-Q on SEC EDGAR.