Equitable Holdings (EQH) Operating Expenses (2017 - 2026)
Equitable Holdings (EQH) posted Operating Expenses of $2.2 billion for Q2 2026, down 35.66% on a QoQ basis from $3.3 billion in Q1 2026, and down 21.06% year-over-year from $2.7 billion in Q2 2025.
Analysis
Equitable Holdings (EQH) Operating Expenses (2017 - 2026) Analysis & Trends
Equitable Holdings has reported Operating Expenses for 10 years, with the latest figure at $2.2 billion in Q2 2026.
- On a quarterly basis, Operating Expenses fell 21.06% year-over-year to $2.2 billion in Q2 2026; TTM through Jun 2026 was $11.2 billion, a 11.19% decrease from a year earlier, with the FY2025 full-year figure at $12.9 billion, up 24.24% from the prior year.
- Operating Expenses was $2.2 billion for Q2 2026 at Equitable Holdings, down from $3.3 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.
- Average Operating Expenses over 5 years is $2.7 billion, with a median of $2.8 billion recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 150.04% in 2022, then slumped 46.59% in 2023.
- Over 5 years, Operating Expenses stood at $1.7 billion in 2022, then surged by 74.57% to $2.9 billion in 2023, then fell by 16.96% to $2.4 billion in 2024, then rose by 20.8% to $2.9 billion in 2025, then declined by 26.66% to $2.2 billion in 2026.
- The last three Operating Expenses figures came in at $2.2 billion (Q2 2026), $3.3 billion (Q1 2026), and $2.9 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Metlife | 62.16 Bn | 34.84 Bn | 7.82 Bn | 18.12 Bn |
| 2 | Manulife Financial | 24.69 Bn | 25.90 Bn | - | -208.93 Mn |
| 3 | Equitable Holdings | 14.62 Bn | -4.31 Bn | 1.22 Bn | 2.15 Bn |
| 4 | Jackson Financial | 9.71 Bn | 3.72 Bn | - | 687.00 Mn |
| 5 | Corebridge Financial | 9.48 Bn | -296.14 Bn | 2.79 Bn | 3.86 Bn |
| 6 | Primerica | 9.02 Bn | 8.38 Bn | 717.74 Mn | 606.85 Mn |
| 7 | Sun Life Financial | 8.56 Bn | 3.96 Bn | - | 1.71 Bn |
| 8 | Brookfield Wealth Solutions | 8.52 Bn | -4.26 Bn | 1.92 Bn | -558.00 Mn |
| 9 | Lincoln National | 8.41 Bn | -3.27 Bn | 2.62 Bn | 2.90 Bn |
| 10 | Prudential Financial | 5.23 Bn | -26.69 Bn | 7.91 Bn | 14.48 Bn |
Historic Data
Download Data
Historic 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 |