Equitable Holdings (EQH-PC) Operating Expenses (2017 - 2026)
Equitable Holdings' quarterly Operating Expenses came in at $3.3 billion in Q1 2026, down 24.06% year-on-year from $4.4 billion in Q1 2025, and up 13.98% quarter-over-quarter from $2.9 billion in Q4 2025.
Equitable Holdings has reported Operating Expenses for 10 years, with the latest figure at $3.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 24.06% year-over-year to $3.3 billion; the trailing twelve-month figure through Mar 2026 stood at $11.8 billion (down 7.39% YoY), and the FY2025 full-year result was $12.9 billion, up 24.24% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.3 billion, up from $2.9 billion in the prior quarter.
- The five-year high for Operating Expenses was $4.4 billion in Q1 2025, with the low at $1.7 billion in Q4 2022.
- Average Operating Expenses over 5 years is $2.7 billion, with a median of $2.8 billion recorded in 2025.
- Year-over-year, Operating Expenses jumped 150.04% in 2022 and tumbled 46.59% in 2023.
- Tracing EQH-PC's Operating Expenses over 5 years: stood at $1.7 billion in 2022, then surged by 74.57% to $2.9 billion in 2023, then fell by 16.96% to $2.4 billion in 2024, then rose by 20.8% to $2.9 billion in 2025, then advanced by 13.98% to $3.3 billion in 2026.
- The last three Operating Expenses figures came in at $3.3 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Equitable Holdings | - | - | 3.83 Bn | 3.34 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.34 Bn |
| Dec 31, 2025 | 2.93 Bn |
| Sep 30, 2025 | 2.80 Bn |
| Jun 30, 2025 | 2.73 Bn |
| Mar 31, 2025 | 4.40 Bn |
| Dec 31, 2024 | 2.43 Bn |
| Sep 30, 2024 | 3.08 Bn |
| Jun 30, 2024 | 2.83 Bn |
| Mar 31, 2024 | 2.01 Bn |
| Dec 31, 2023 | 2.92 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 1.82 Bn |
| Mar 31, 2023 | 2.82 Bn |
| Dec 31, 2022 | 1.68 Bn |
| Sep 30, 2022 | 2.17 Bn |
| Jun 30, 2022 | 3.42 Bn |
| Mar 31, 2022 | 2.41 Bn |
| Dec 31, 2021 | -3.35 Bn |
| Sep 30, 2021 | 2.69 Bn |
| Jun 30, 2021 | 2.71 Bn |
| Mar 31, 2021 | 2.96 Bn |
| Dec 31, 2020 | 2.54 Bn |
| Sep 30, 2020 | 2.76 Bn |
| Jun 30, 2020 | 2.46 Bn |
| Mar 31, 2020 | 5.75 Bn |
| Dec 31, 2019 | 2.80 Bn |
| Sep 30, 2019 | 3.51 Bn |
| Jun 30, 2019 | 2.72 Bn |
| Mar 31, 2019 | 2.67 Bn |
| Dec 31, 2018 | 2.83 Bn |
| Sep 30, 2018 | 1.70 Bn |
| Jun 30, 2018 | 2.64 Bn |
| Mar 31, 2018 | 2.45 Bn |
| Dec 31, 2017 | 2.15 Bn |
| Sep 30, 2017 | 2.76 Bn |
| Jun 30, 2017 | 3.26 Bn |
| Mar 31, 2017 | 2.99 Bn |