Equitable Holdings Q1 operating EPS up 25% to $1.62; net income $621 million
Equitable Holdings reported first quarter 2026 net income of $621 million, or $2.14 per share, up from $63 million a year earlier. Non-GAAP operating earnings rose to $472 million, or $1.62 per share, from $421 million, and were $491 million, or $1.68 per share, excluding notable items. The company reaffirmed its 2026 guidance of $1.8 billion of cash generation and over 15% earnings per share growth, and said the pending all-stock merger with Corebridge Financial remains on track to close by year-end 2026.
Key points
- Net income attributable to Holdings was $621 million ($2.14 per share), compared with $63 million ($0.16 per share) in the first quarter of 2025.
- Non-GAAP operating earnings per share were $1.62, up from $1.30; excluding notable items, $1.68.
- Asset Management had net outflows of $7.1 billion, while Retirement had net inflows of $1.3 billion and Wealth Management had advisory net inflows of $2.0 billion.
- The company returned $223 million to shareholders in the quarter and reaffirmed its 2026 guidance of $1.8 billion of cash generation and over 15% EPS growth.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.