Equitable Holdings (EQH) Cost of Revenue (2017 - 2026)
Equitable Holdings' Cost of Revenue came in at $435 million for Q2 2026, down 44.7% from $787 million a year earlier but up 13.0% from the prior quarter.
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Analysis
Equitable Holdings (EQH) Cost of Revenue (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Equitable Holdings reported Cost of Revenue of $1.67 billion, down 42.4% year-over-year; for FY2025, it was $2.4 billion, down 11.2% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of -14.8% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $2.7 billion in FY2024 (-2.1%), $2.75 billion in FY2023 (+2.0%), $2.7 billion in FY2022 (-3.1%) and $2.79 billion in FY2021 (-47.7%).
- The five-year range for quarterly Cost of Revenue is $270 million (Q4 2021) to $802 million (Q1 2022).
- Year-over-year, Cost of Revenue has declined for four consecutive quarters, with an average decline of 17.0% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q4 2022 (growth of 152.2%), and the weakest in Q4 2021 (a decline of 65.4%).
- Business Quant data shows EQH's Cost of Revenue at $385 million (Q1 2026), $397 million (Q4 2025) and $452 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,168.75 Bn | -248.72 Bn | 55.86 Bn | 45.95 Bn |
| 2 | Chubb | 136.94 Bn | 89.00 Bn | 9.13 Bn | 6.69 Bn |
| 3 | Progressive | 132.57 Bn | 108.40 Bn | 9.04 Bn | 14.57 Bn |
| 4 | Marsh & Mclennan Companies | 93.82 Bn | 86.22 Bn | - | - |
| 5 | Travelers Companies | 83.08 Bn | 59.33 Bn | 6.23 Bn | 5.92 Bn |
| 6 | Manulife Financial | 75.37 Bn | -18.34 Bn | - | - |
| 7 | Arthur J. Gallagher | 68.71 Bn | 63.14 Bn | - | - |
| 8 | Aon | 64.39 Bn | 57.63 Bn | - | - |
| 9 | Allstate | 64.30 Bn | 25.55 Bn | 8.73 Bn | 9.86 Bn |
| 10 | Equitable Holdings | 14.41 Bn | -43.66 Bn | 1.22 Bn | 435.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 435.00 Mn |
| Mar 31, 2026 | 385.00 Mn |
| Dec 31, 2025 | 397.00 Mn |
| Sep 30, 2025 | 452.00 Mn |
| Jun 30, 2025 | 787.00 Mn |
| Mar 31, 2025 | 759.00 Mn |
| Dec 31, 2024 | 689.00 Mn |
| Sep 30, 2024 | 663.00 Mn |
| Jun 30, 2024 | 667.00 Mn |
| Mar 31, 2024 | 677.00 Mn |
| Dec 31, 2023 | 646.00 Mn |
| Sep 30, 2023 | 694.00 Mn |
| Jun 30, 2023 | 684.00 Mn |
| Mar 31, 2023 | 730.00 Mn |
| Dec 31, 2022 | 681.00 Mn |
| Sep 30, 2022 | 629.00 Mn |
| Jun 30, 2022 | 589.00 Mn |
| Mar 31, 2022 | 802.00 Mn |
| Dec 31, 2021 | 270.00 Mn |
| Sep 30, 2021 | 751.00 Mn |
API Access
Equitable Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=EQH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "EQH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=EQH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();