Equitable Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	5,263	5,263	4,820	4,891	5,395
Other Revenue	6,402	7,496	5,696	8,245	4,536
Revenue	11,665	12,759	10,516	13,136	9,931
Revenue Growth (YoY)	-8.57%	21.33%	-19.95%	32.27%	3.63%
Cost of Revenue	4,527	4,337	3,918	3,768	4,025
Gross Profit	1,317	4,481	2,852	5,870	7,277
Other Operating Expenses	2,286	1,822	1,898	2,185	2,107
Operating Expenses	2,286	1,822	1,898	2,185	2,107
Operating Income	-969	2,659	954	3,685	5,170
Interest Expense	-224	-548	-216	-693	-2,561
EBT Excluding Unusual Items	-1,193	2,111	738	2,992	2,609
Pretax Income	-1,193	2,111	738	2,992	2,609
Income Tax Expense	-156	288	-905	598	439
Earnings From Continuing Operations	-1,037	1,823	1,643	2,394	2,170
Minority Interest in Earnings	-343	-516	-341	-241	-415
Net Income	-1,380	1,307	1,302	2,153	1,755
Preferred Dividends & Other Adjustments	61	80	80	80	79
Net Income to Common	-1,441	1,227	1,222	2,073	1,676
Net Income Growth	-	0.38%	-39.53%	22.68%	-
Shares Outstanding (Basic)	298	321	350	378	417
Shares Outstanding (Diluted)	298	325	352	380	421
Shares Change (YoY)	-8.22%	-7.62%	-7.45%	-9.80%	-6.48%
EPS (Basic)	-4.83	3.82	3.49	5.49	4.02
EPS (Diluted)	-4.83	3.78	3.48	5.46	3.98
EPS Growth	-	8.62%	-36.26%	37.19%	-
Free Cash Flow	-	1,853	-325	-417	-313
Free Cash Flow Per Share	-	5.71	-0.92	-1.10	-0.74
Dividend Per Share	-	0.960	0.880	0.800	0.720
Dividend Growth	-	9.09%	10.00%	11.11%	5.88%
Gross Margin	11.29%	35.12%	27.12%	44.69%	73.28%
Operating Margin	-8.31%	20.84%	9.07%	28.05%	52.06%
Profit Margin	-12.35%	9.62%	11.62%	15.78%	16.88%
Free Cash Flow Margin	-	14.52%	-3.09%	-3.17%	-3.15%
EBITDA	-99.67	3,478	1,713	4,276	5,632
EBITDA Margin	-0.85%	27.26%	16.29%	32.55%	56.71%
D&A For EBITDA	869.33	819	759	591	462
EBIT	-969	2,659	954	3,685	5,170
EBIT Margin	-8.31%	20.84%	9.07%	28.05%	52.06%
Effective Tax Rate	-	13.64%	-	19.99%	16.83%
Revenue as Reported	11,665	12,437	10,528	12,644	7,614

Source: S&P Global Market Intelligence. Standard template. Financial Sources.