Equitable Holdings (EQH) Operating Expenses (2017 - 2026)
Equitable Holdings (EQH) posted quarterly Operating Expenses of $3.3 billion for Q1 2026, down 24.06% year-over-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.
- In Q1 2026, Operating Expenses fell 24.06% year-over-year to $3.3 billion; the TTM figure through Mar 2026 stood at $11.8 billion (down 7.39% YoY), while the FY2025 annual figure was $12.9 billion, up 24.24% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.3 billion, up from $2.9 billion in the prior quarter.
- The five-year high for Operating Expenses was $4.4 billion in Q1 2025, with the low 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.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 150.04% in 2022, then slumped 46.59% in 2023.
- Equitable Holdings' Operating Expenses stood at $1.7 billion in 2022, then soared by 74.57% to $2.9 billion in 2023, then dropped by 16.96% to $2.4 billion in 2024, then grew by 20.8% to $2.9 billion in 2025, then rose by 13.98% to $3.3 billion in 2026.
- Business Quant data shows EQH's Operating Expenses at $3.3 billion in Q1 2026, $2.9 billion in Q4 2025, and $2.8 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.28 Bn | 165.41 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.40 Bn | 111.89 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.93 Bn | -180.14 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.21 Bn | 45.81 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.63 Bn | 82.12 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.42 Bn | 53.05 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.52 Bn | 51.52 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.08 Bn | 40.03 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 34.03 Bn | 34.03 Bn | - | 1.64 Bn |
| 10 | Equitable Holdings | 13.68 Bn | -5.26 Bn | 1.22 Bn | 2.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.15 Bn |
| 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 |