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
Download Data| Date | Value |
|---|---|
| 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 |