Equitable Holdings, Inc. (EQH) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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EQH Revenue Growth
Revenue Breakdown (FY 2025)
EQH's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
EQH Revenue Analysis (2015–2025)
As of May 8, 2026, Equitable Holdings, Inc. (EQH) generated trailing twelve-month (TTM) revenue of $10.99 billion, reflecting moderate decline in growth of -9.5% year-over-year. The most recent quarter (Q4 2025) recorded $3.28 billion in revenue, up 126.0% sequentially.
Looking at the longer-term picture, EQH's 5-year compound annual growth rate (CAGR) stands at -1.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $12.64 billion in 2022.
Revenue diversification analysis shows EQH's business is primarily driven by Investment Advice (100%). With over half of revenue concentrated in Investment Advice, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including LNC (+1.6% YoY), PRU (+1.9% YoY), and MET (+6.1% YoY), EQH has underperformed the peer group in terms of revenue growth. Compare EQH vs LNC →
EQH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EQHCurrent | $11.0B | -9.5% | -1.2% | -10.2% | |
 LNC | $18.2B | +1.6% | +0.7% | 7.3% | |
 PRU | $60.8B | +1.9% | +1.3% | 7.9% | |
 MET | $77.1B | +6.1% | +2.6% | 6.0% | |
 PFG | $15.6B | -3.1% | +1.2% | 9.1% | |
 VOYA | $7.5B | - | - | 3.5% |
EQH Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.66B | -6.2% | $9.23B | 79.1% | $-1,193,000,000 | -10.2% |
| 2024 | $12.44B | +18.1% | $6.60B | 53.1% | $2.11B | 17.0% |
| 2023 | $10.53B | -16.7% | $5.19B | 49.3% | $738.0M | 7.0% |
| 2022 | $12.64B | +66.1% | $7.58B | 59.9% | $2.99B | 23.7% |
| 2021 | $7.61B | -38.7% | $7.32B | 96.2% | $2.61B | 34.3% |
| 2020 | $12.41B | +29.1% | $2.90B | 23.4% | $-1,093,000,000 | -8.8% |
| 2019 | $9.62B | -20.3% | $2.13B | 22.2% | $-2,060,000,000 | -21.4% |
| 2018 | $12.07B | -3.1% | $6.61B | 54.8% | $2.49B | 20.6% |
| 2017 | $12.46B | +5.9% | $5.51B | 44.3% | $1.31B | 10.5% |
| 2016 | $11.76B | +16.7% | $5.67B | 48.2% | $2.03B | 17.2% |
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Start ComparisonEQH — Frequently Asked Questions
Quick answers to the most common questions about buying EQH stock.
Is EQH's revenue growth accelerating or slowing?
EQH revenue declined -9.5% year-over-year, contrasting with the 5-year CAGR of -1.2%. TTM revenue fell to $11.0B. This reverses the prior growth trend.
What is EQH's long-term revenue growth rate?
Equitable Holdings, Inc.'s 5-year revenue CAGR of -1.2% reflects the variable expansion pattern. Current YoY growth of -9.5% is below this long-term average.
How is EQH's revenue distributed by segment?
EQH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.