Filing Flows › Equitable Holdings (EQH) › Q4 2025
Equitable Holdings (EQH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Equitable Holdings (EQH) reported revenue of $3.3B for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and +126% from the quarter before. Operating margin was 10.5%, net earnings $215M (6.6% of revenue).
Equitable Holdings, Q4 2025: revenue $3.3B (-9% year over year), operating margin 10.5%, net earnings $215M, operating cash flow −$154M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +126% | -9% |
| Operating profit | $344M | — | -71% |
| Net earnings | $215M | — | -76% |
| Operating cash flow | −$154M | -142% | — |
What changed
Revenue was $3.3B in Q4 2025, down 9% year over year and up 126% from the previous quarter.
Operating profit was $0.34B, a 10.5% margin (down 22.3 points year over year). Total costs grew 21% against a revenue fall of 9%. Net earnings were $0.21B, down 76% year over year. The effective tax rate was 9.6%.
Operating cash flow was −$0.15B. Working capital and other items used $0.47B.
Questions
What was Equitable Holdings' revenue in the fourth quarter 2025?
Equitable Holdings (EQH) reported revenue of $3.3B for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and +126% from the quarter before.
Was Equitable Holdings profitable in the fourth quarter 2025?
Operating profit was $344M (10.5% of revenue) and net earnings $215M.
Source: Equitable Holdings 10-K on SEC EDGAR.