Equitable Holdings (EQH) Cost of Revenue (2017 - 2026)
Equitable Holdings' (EQH) quarterly Cost of Revenue came in at $385.0 million in Q1 2026, down 49.28% year-on-year from $759.0 million in Q1 2025, and down 17.91% quarter-over-quarter from $469.0 million in Q4 2025.
Equitable Holdings (EQH) Cost of Revenue (2017 - 2026) Analysis & Trends
Equitable Holdings' Cost of Revenue history runs 10 years deep, the most recent figure standing at $385.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue fell 49.28% year-over-year to $385.0 million in Q1 2026; TTM through Mar 2026 was $2.1 billion, a 24.66% decrease from a year earlier, with the FY2025 full-year figure at $2.3 billion, down 15.21% from the prior year.
- Cost of Revenue retreated to $385.0 million in Q1 2026 per EQH's latest filing, from $469.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.4 billion in Q4 2023 and bottomed at $385.0 million in Q1 2026.
- The 5-year median for Cost of Revenue is $663.0 million (2024), against an average of $649.5 million.
- Across the five-year window, Cost of Revenue surged 107.64% in 2023 and tumbled 51.27% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $681.0 million in 2022, then jumped by 107.64% to $1.4 billion in 2023, then tumbled by 51.27% to $689.0 million in 2024, then tumbled by 31.93% to $469.0 million in 2025, then declined by 17.91% to $385.0 million in 2026.
- Per Business Quant, the three latest EQH Cost of Revenue figures stand at $385.0 million (Q1 2026), $469.0 million (Q4 2025), and $452.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,261.80 Bn | 1,217.21 Bn | 18.56 Bn | 20.00 Mn |
| 2 | BlackRock | 165.12 Bn | 151.98 Bn | - | - |
| 3 | Blackstone | 103.58 Bn | 101.13 Bn | - | - |
| 4 | Brookfield Asset Management | 76.31 Bn | 75.26 Bn | - | - |
| 5 | Apollo Global Management | 73.95 Bn | 73.95 Bn | -409.00 Mn | 626.00 Mn |
| 6 | State Street | 51.18 Bn | 51.18 Bn | - | - |
| 7 | Ameriprise Financial | 50.08 Bn | 40.82 Bn | 4.57 Bn | 317.00 Mn |
| 8 | Raymond James Financial | 34.03 Bn | 19.06 Bn | - | - |
| 9 | Northern Trust | 33.84 Bn | 33.84 Bn | - | - |
| 10 | Equitable Holdings | 13.69 Bn | 3.44 Bn | 3.85 Bn | 385.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 385.00 Mn |
| Mar 31, 2026 | 385.00 Mn |
| Dec 31, 2025 | 469.00 Mn |
| Dec 31, 2025 | 469.00 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 | 689.00 Mn |
| Dec 31, 2024 | 689.00 Mn |
| Sep 30, 2024 | 663.00 Mn |
| Sep 30, 2024 | 663.00 Mn |
| Jun 30, 2024 | 667.00 Mn |
| Jun 30, 2024 | 667.00 Mn |
| Mar 31, 2024 | 677.00 Mn |
| Mar 31, 2024 | 677.00 Mn |
| Dec 31, 2023 | 1.41 Bn |
| Dec 31, 2023 | 1.41 Bn |