Growth Metrics

Equitable Holdings (EQH) Cost of Revenue (2017 - 2026)

Equitable Holdings' quarterly Cost of Revenue came in at $402.0 million in Q1 2026, down 47.04% year-on-year from $759.0 million in Q1 2025, and up 1.26% quarter-over-quarter from $397.0 million in Q4 2025.

Equitable Holdings has reported Cost of Revenue for 10 years, with the latest figure at $402.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue fell 47.04% year-over-year to $402.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.0 billion (down 36.75% YoY), and the FY2025 full-year result was $2.4 billion, down 11.16% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $402.0 million, up from $397.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $1.3 billion in Q4 2024, with the low at -$210.0 million in Q4 2023.
  • Average Cost of Revenue over 5 years is $590.9 million, with a median of $496.0 million recorded in 2022.
  • Year-over-year, Cost of Revenue slumped 119.3% in 2023 and soared 724.29% in 2024.
  • Tracing EQH's Cost of Revenue over 5 years: stood at $1.1 billion in 2022, then plunged by 119.3% to -$210.0 million in 2023, then jumped by 724.29% to $1.3 billion in 2024, then plunged by 69.72% to $397.0 million in 2025, then climbed by 1.26% to $402.0 million in 2026.
  • The last three Cost of Revenue figures came in at $402.0 million (Q1 2026), $397.0 million (Q4 2025), and $452.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -
2 Blackstone 92.68 Bn 91.63 Bn - -
3 Kkr 84.94 Bn 132.45 Bn - -
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 15.00 Mn
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 317.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -
9 Ares Management 28.85 Bn 32.22 Bn - -
10 Equitable Holdings 11.43 Bn 1.57 Bn 3.83 Bn 402.00 Mn

Historic Data

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DateValue
Mar 31, 2026 402.00 Mn
Mar 31, 2026 402.00 Mn
Dec 31, 2025 397.00 Mn
Dec 31, 2025 397.00 Mn
Sep 30, 2025 452.00 Mn
Sep 30, 2025 452.00 Mn
Jun 30, 2025 787.00 Mn
Jun 30, 2025 787.00 Mn
Mar 31, 2025 759.00 Mn
Mar 31, 2025 759.00 Mn
Dec 31, 2024 1.31 Bn
Dec 31, 2024 1.31 Bn
Sep 30, 2024 485.00 Mn
Sep 30, 2024 485.00 Mn
Jun 30, 2024 667.00 Mn
Jun 30, 2024 667.00 Mn
Mar 31, 2024 437.00 Mn
Mar 31, 2024 437.00 Mn
Dec 31, 2023 -210.00 Mn
Dec 31, 2023 -210.00 Mn
Sep 30, 2023 694.00 Mn
Sep 30, 2023 694.00 Mn
Jun 30, 2023 467.00 Mn
Jun 30, 2023 467.00 Mn
Mar 31, 2023 423.00 Mn
Mar 31, 2023 423.00 Mn
Dec 31, 2022 1.09 Bn
Dec 31, 2022 1.09 Bn
Sep 30, 2022 496.00 Mn
Sep 30, 2022 496.00 Mn
Jun 30, 2022 589.00 Mn
Jun 30, 2022 589.00 Mn
Mar 31, 2022 802.00 Mn
Mar 31, 2022 802.00 Mn
Dec 31, 2021 -411.00 Mn
Dec 31, 2021 -411.00 Mn
Sep 30, 2021 436.00 Mn
Sep 30, 2021 436.00 Mn
Jun 30, 2021 828.00 Mn
Jun 30, 2021 828.00 Mn
Mar 31, 2021 382.00 Mn
Mar 31, 2021 382.00 Mn
Dec 31, 2020 -2.85 Bn
Dec 31, 2020 -2.85 Bn
Sep 30, 2020 342.00 Mn
Sep 30, 2020 342.00 Mn
Jun 30, 2020 736.00 Mn
Jun 30, 2020 736.00 Mn
Mar 31, 2020 1.40 Bn
Mar 31, 2020 1.40 Bn
Dec 31, 2019 575.00 Mn
Dec 31, 2019 575.00 Mn
Sep 30, 2019 449.00 Mn
Sep 30, 2019 449.00 Mn
Jun 30, 2019 455.00 Mn
Jun 30, 2019 455.00 Mn
Mar 31, 2019 411.00 Mn
Mar 31, 2019 411.00 Mn
Dec 31, 2018 1.99 Bn
Dec 31, 2018 1.99 Bn
Sep 30, 2018 673.00 Mn
Sep 30, 2018 673.00 Mn
Jun 30, 2018 900.00 Mn
Jun 30, 2018 900.00 Mn
Mar 31, 2018 291.00 Mn
Mar 31, 2018 291.00 Mn
Dec 31, 2017 480.00 Mn
Dec 31, 2017 480.00 Mn
Sep 30, 2017 450.00 Mn
Sep 30, 2017 450.00 Mn
Jun 30, 2017 1.74 Bn
Jun 30, 2017 1.74 Bn
Mar 31, 2017 1.09 Bn
Mar 31, 2017 1.09 Bn