Equitable Holdings (EQH) Operating Expenses (2017 - 2026)
Equitable Holdings' (EQH) 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 (EQH) Operating Expenses (2017 - 2026) Analysis & Trends
Equitable Holdings' Operating Expenses history runs 10 years deep, the most recent figure standing at $3.3 billion for Q1 2026.
- On a quarterly basis, Operating Expenses fell 24.06% year-over-year to $3.3 billion in Q1 2026; TTM through Mar 2026 was $11.8 billion, a 7.39% decrease from a year earlier, with the FY2025 full-year figure at $12.9 billion, up 24.24% from the prior year.
- Operating Expenses rose to $3.3 billion in Q1 2026 per EQH's latest filing, from $2.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $4.4 billion in Q1 2025 and bottomed at $1.7 billion in Q4 2022.
- The 5-year median for Operating Expenses is $2.8 billion (2025), against an average of $2.7 billion.
- Across the five-year window, Operating Expenses jumped 150.04% in 2022 and tumbled 46.59% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $1.7 billion in 2022, then jumped by 74.57% to $2.9 billion in 2023, then declined by 16.96% to $2.4 billion in 2024, then increased by 20.8% to $2.9 billion in 2025, then gained by 13.98% to $3.3 billion in 2026.
- Per Business Quant, the three latest EQH Operating Expenses figures stand at $3.3 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.8 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Equitable Holdings | 13.35 Bn | 4.68 Bn | 3.85 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 |