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How Equitable Holdings (EQH) makes money

Equitable Holdings (EQH) made $3.9B of revenue in the third quarter 2026 (Q3 2026), +168% from a year earlier. Of every dollar of revenue, 36¢ was left as operating profit, 29¢ was left as net earnings.

Drawing the Sankey…

Equitable Holdings revenue by quarterEquitable Holdings revenue by quarter$4.6BQ1 2025$2.4BQ2 2025$1.4BQ3 2025$3.3BQ4 2025$4.2BQ1 2026$1.7BQ2 2026$3.9BQ3 2026
Equitable Holdings: where each dollar of revenue goesEquitable Holdings: where each dollar of revenue goesOperating profit36¢Income tax5¢Net earnings29¢Operating cash flow42¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.9B100.0%
Operating profit$1.4B35.8%
Income tax$202M5.2%
Net earnings$1.1B28.9%
Operating cash flow$1.6B42.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.9B+168%
Q2 2026$1.7B-30%
Q1 2026$4.2B-8%
Q4 2025$3.3B-9%
Q3 2025$1.4B-53%
Q2 2025$2.4B-33%
Q1 2025$4.6B+105%

From Equitable Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Equitable Holdings make money?

Equitable Holdings (EQH) made $3.9B of revenue in the third quarter 2026 (Q3 2026), +168% from a year earlier. Of every dollar of revenue, 36¢ was left as operating profit, 29¢ was left as net earnings.

What is Equitable Holdings' profit margin?

Net earnings were $1.1B, 28.9% of revenue, in the third quarter 2026; the operating margin was 35.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.