Equitable Holdings, Inc. (EQH)
NYSE:EQH
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.7Last Year’s EPS
1.1Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook: strong sequential and year-over-year earnings growth (25% EPS growth), rising AUM (9% YoY to $1.1T), solid net inflows and Wealth advisory momentum, a robust balance sheet (RBC ~475%, $1.2B holding liquidity), and a compelling strategic rationale for the CoreBridge merger with projected expense synergies (~$500M) and 10%+ EPS accretion by 2028. Key headwinds include meaningful AB net outflows ($7.1B in Q1), alternatives returns materially below prior guidance (forcing a downward revision on full-year alt returns), fee-rate pressure from mix shifts, and typical execution and accounting uncertainties tied to the merger (PGAAP impacts). On balance, the positives (organic growth, profitability, capital return plans, balance-sheet strength, and merger upside) outweigh the negatives (flows and alternatives performance), supporting a confident but execution-dependent outlook.Company Guidance
Strong Earnings Growth
Non-GAAP operating EPS of $1.62 ($1.68 after notable items), up 25% year over year; consolidated non-GAAP operating earnings of $472 million and net income of $621 million ($2.14/share). Management expects 2026 EPS growth to exceed the high end of the 12%–15% target range.
Assets Under Management Expansion
Total AUM/AUA of $1.1 trillion at quarter-end, up 9% year over year; higher average AUM versus 2025 expected to be a near-term tailwind for earnings.
Net Flows and Sales Momentum
Total sales increased 10% year over year; $1.3 billion of net inflows in the quarter; Wealth Management had $2.0 billion of advisory net inflows and delivered a 13% trailing 12-month organic growth rate.
Asset Management (AB) Earnings Improvement
AB earnings grew 11% year over year, driven by higher base fees and increased ownership; base fees benefited from a 7% YoY increase in AUM; AB raised full-year performance fee forecast from $95 million to $115 million.
Private Markets and Institutional Pipeline
Private markets AUM grew 13% YoY to $85 billion; AB reported a record institutional pipeline of nearly $28 billion and management expects AB to receive at least $100 billion of incremental assets from the CoreBridge merger over the next few years.
Robust Balance Sheet and Capital Position
Combined NAIC RBC ratio of approximately 475%; pro forma GAAP book value > $30 billion and pro forma statutory capital > $25 billion; holding company liquidity of $1.2 billion (above $500 million target); adjusted debt-to-capital ratio 24.5%, down 40 bps sequentially.
Clear Capital Return Commitment
Returned $223 million to shareholders in Q1, including $147 million of buybacks; reiterated 60%–70% payout ratio target for 2026 and plans to be active in buyback windows with ASR backstop if needed.
Merger with CoreBridge — Expected Scale & Synergies
Planned merger to create a combined company with ~12 million customers, $1.5 trillion AUMA, ~ $540 billion retirement/institutional AUM, expected at least $500 million of expense synergies, immediate EPS accretion and 10%+ run-rate accretion by 2028, and projection of >$5 billion annual earnings power and >$4 billion of holding company cash flow.
Improving Underlying Retirement Spreads
Retirement NIM increased 3% sequentially; ex-alts and ex-MVA spreads improved ~1 basis point sequentially and excluding alts NIM spread improved ~5 bps, indicating stabilization in spreads.
Mortality and Risk Management
Mortality experience improved (benefit ratio ~83%, the lowest in the past year), helping earnings; private credit represents 18% of general account with ~95% investment-grade assets and stress tests indicate RBC would remain above 400% even under a severe stress scenario.
EQH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EQH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $41.49 | $44.04 | +6.15% |
Feb 04, 2026 | $44.49 | $43.10 | -3.13% |
Nov 04, 2025 | $48.23 | $44.64 | -7.45% |
Aug 05, 2025 | $50.28 | $50.49 | +0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Equitable Holdings, Inc. (EQH) report earnings?
Equitable Holdings, Inc. (EQH) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Equitable Holdings, Inc. (EQH) earnings time?
Equitable Holdings, Inc. (EQH) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQH EPS forecast?
EQH EPS forecast for the fiscal quarter 2026 (Q2) is 1.7.