Source: Equitable Holdings's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$11.76B
$12.43B
$12.07B
$9.62B
$12.41B
$7.61B
$12.64B
$10.46B
$12.43B
$11.66B
Interest expense
$174.00M
$160.00M
$231.00M
$221.00M
$200.00M
$244.00M
$201.00M
$228.00M
—
—
Pre-tax income
$2.03B
$1.24B
$2.49B
-$2.06B
-$1.09B
$2.61B
$2.98B
$714.00M
$2.08B
-$1.19B
Income tax
$378.00M
$42.00M
$301.00M
-$593.00M
-$744.00M
$439.00M
$594.00M
-$910.00M
$280.00M
-$156.00M
Net income
$1.25B
$778.00M
$1.85B
-$1.76B
-$648.00M
$1.75B
$2.14B
$1.28B
$1.28B
-$1.38B
EPS (basic)
$2.24
$1.39
$3.33
$-3.57
$-1.56
$4.02
$5.46
$3.44
$3.74
$-4.83
EPS (diluted)
$2.24
$1.39
$3.33
$-3.57
$-1.56
$3.98
$5.42
$3.42
$3.69
$-4.83
Diluted shares
561.00M
561.00M
556.50M
493.60M
450.40M
421.20M
379.90M
351.60M
324.80M
298.10M
Net margin
10.7%
6.3%
15.4%
-18.3%
-5.2%
23.0%
16.9%
12.3%
10.3%
-11.8%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$5.65B
$4.81B
$4.47B
$4.41B
$6.18B
$5.19B
$4.28B
$8.24B
$6.96B
$12.46B
Goodwill
$4.94B
$4.57B
$4.57B
—
—
—
—
—
—
—
Total assets
—
$235.62B
$220.78B
$249.82B
$275.40B
$295.69B
$252.70B
$276.69B
$295.73B
$317.99B
Short-term debt
—
$1.86B
$546.00M
$0
$0
$92.00M
$759.00M
$254.00M
$0
$25.00M
Long-term debt
—
—
—
—
—
$3.84B
$3.32B
$3.82B
$3.83B
$3.83B
Total debt
—
$1.86B
$546.00M
$0
$0
$3.93B
$4.08B
$4.07B
$3.83B
$3.86B
Total liabilities
—
$218.47B
$205.22B
$234.41B
$258.08B
$283.29B
$249.11B
$271.55B
$292.18B
$316.20B
Shareholders' equity
$16.52B
$13.42B
$13.80B
$13.46B
$15.58B
$10.35B
$1.40B
$2.64B
$1.56B
-$74.00M
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
-$236.00M
-$243.00M
$61.00M
-$216.00M
-$61.00M
-$193.00M
-$250.00M
-$208.00M
$2.01B
$714.00M
Free cash flow
-$236.00M
-$243.00M
$61.00M
-$216.00M
-$61.00M
-$193.00M
-$250.00M
-$208.00M
$2.01B
$714.00M
Investing cash flow
-$5.77B
-$9.69B
-$2.05B
-$8.50B
-$7.82B
-$12.69B
-$7.49B
-$4.85B
-$15.86B
-$10.97B
Financing cash flow
$5.11B
$9.07B
$1.66B
$8.71B
$9.67B
$11.95B
$7.04B
$9.00B
$12.44B
$15.72B
Dividends paid
$0
$0
$157.00M
$285.00M
$297.00M
$296.00M
$294.00M
$301.00M
$302.00M
$314.00M
Share buybacks
$0
$0
$648.00M
$1.35B
$430.00M
$1.64B
$849.00M
$919.00M
$1.01B
$1.45B
Stock-based compensation
$213.00M
$247.00M
$228.00M
$276.00M
$252.00M
$274.00M
$328.00M
$294.00M
$313.00M
$262.00M
Depreciation & amortization
—
$386.00M
$296.00M
$675.00M
—
—
—
—
—
—
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$2.11B
$2.23B
$3.51B
$3.07B
$3.62B
$4.58B
$2.36B
$1.45B
$3.28B
$4.23B
$1.66B
$3.88B
Interest expense
$57.00M
$57.00M
—
—
—
—
—
—
—
—
—
—
Pre-tax income
-$815.00M
$219.00M
$681.00M
-$11.00M
$1.19B
$174.00M
-$363.00M
-$1.35B
$344.00M
$887.00M
-$493.00M
$1.39B
Income tax
-$227.00M
$24.00M
$116.00M
-$39.00M
$179.00M
$24.00M
-$80.00M
-$133.00M
$33.00M
$156.00M
-$140.00M
$202.00M
Net income
-$697.00M
$92.00M
$428.00M
-$132.00M
$892.00M
$63.00M
-$349.00M
-$1.31B
$215.00M
$621.00M
-$453.00M
$1.12B
EPS (basic)
$-1.99
$0.24
$1.24
$-0.46
$2.71
$0.16
$-1.21
$-4.47
$0.60
$2.16
$-1.68
$4.08
EPS (diluted)
$-1.99
$0.23
$1.23
$-0.46
$2.67
$0.16
$-1.21
$-4.47
$0.60
$2.14
$-1.68
$4.05
Diluted shares
-4.30M
332.70M
327.30M
318.20M
-2.90M
311.90M
303.20M
296.20M
-4.30M
283.80M
278.30M
273.40M
Net margin
-33.0%
4.1%
12.2%
-4.3%
24.7%
1.4%
-14.8%
-90.3%
6.6%
14.7%
-27.3%
28.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$8.24B
$10.36B
$9.68B
$9.58B
$6.96B
$8.16B
$14.96B
$13.60B
$12.46B
$9.90B
$17.18B
$17.53B
Total assets
$276.69B
$285.47B
$287.64B
$298.84B
$295.73B
$287.37B
$303.09B
$314.41B
$317.99B
$310.38B
$334.66B
$334.01B
Short-term debt
$254.00M
$0
$0
$0
$0
$0
$0
$0
$25.00M
$0
$0
$0
Long-term debt
$3.82B
$3.82B
$3.83B
$3.83B
$3.83B
$4.33B
$4.33B
$3.83B
$3.83B
$3.84B
$3.84B
$3.84B
Total debt
$4.07B
$3.82B
$3.83B
$3.83B
$3.83B
$4.33B
$4.33B
$3.83B
$3.86B
$3.84B
$3.84B
$3.84B
Total liabilities
$271.55B
$280.76B
$283.21B
$292.66B
$292.18B
$282.87B
$300.12B
$312.46B
$316.20B
$308.13B
$333.43B
$333.76B
Shareholders' equity
$2.64B
$1.99B
$1.60B
$3.20B
$1.56B
$2.40B
$1.15B
$148.00M
-$74.00M
$273.00M
-$785.00M
-$1.80B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
-$393.00M
$31.00M
$892.00M
$683.00M
$400.00M
$158.00M
$341.00M
$369.00M
-$154.00M
$499.00M
$643.00M
$1.63B
Free cash flow
-$393.00M
$31.00M
$892.00M
$683.00M
$400.00M
$158.00M
$341.00M
$369.00M
-$154.00M
$499.00M
$643.00M
$1.63B
Investing cash flow
$115.00M
-$2.68B
-$5.25B
-$2.39B
-$5.54B
-$1.20B
-$2.52B
-$4.77B
-$2.48B
-$2.96B
-$2.16B
-$4.04B
Financing cash flow
$2.39B
$4.95B
$3.36B
$1.58B
$2.55B
$2.23B
$8.94B
$3.05B
$1.49B
-$96.00M
$8.80B
$2.95B
Dividends paid
$74.00M
$73.00M
$78.00M
$76.00M
$75.00M
$74.00M
$82.00M
$81.00M
$77.00M
$76.00M
$83.00M
$82.00M
Share buybacks
$241.00M
$253.00M
$247.00M
$254.00M
$260.00M
$262.00M
$235.00M
$676.00M
$277.00M
$147.00M
$366.00M
$238.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.