$EQH · Equitable Holdings, Inc.
Equitable Holdings filed its Q3 2026 Form 10-Q. Revenue rose 167.7% YoY to $3.881B, GAAP EPS was $4.05, adjusted EPS $2.13, and net income $1.121B. The large revenue swing reflects derivative and investment gains/losses volatility versus the prior-year period. Total assets reached $334.0B, up from $318.0B at year-end 2025.
- Q3 2026 revenue of $3.881B, up 167.7% YoY from $1.450B.
- GAAP EPS of $4.05 and adjusted EPS of $2.13 for Q3 2026.
- Net income of $1.121B for the quarter.
- Total assets of $334.0B versus $318.0B at December 31, 2025.
- Total equity attributable to Holdings was negative $1.803B, driven by $8.286B accumulated other comprehensive loss.
Shares fell 6.02% to $52.74 in the regular session, with a modest -0.28% move since filing. The decline suggests investors weighed the negative total equity position and derivative-driven earnings volatility against the headline revenue surge.
A 167.7% revenue surge and $4.05 GAAP EPS mask a negative $1.8B equity position and derivative-driven volatility, with the Corebridge merger as the pivotal forward catalyst.
The pending Equitable–Corebridge combination dominates the forward outlook, with integration and synergy realization risks typical of large insurance-sector mergers.
The filing flags risks around completing the Corebridge transaction, including failure to obtain approvals, integration difficulties, and potential rating downgrades. Negative total equity attributable to Holdings of $1.803B reflects a large accumulated other comprehensive loss.