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Equitable Holdings EQH Wealth Management — All other operating expense

Other segment segments

Asset Management
$3.49B
Retirement
$789M

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Other financials

Income statement

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Revenue$1.7B-29.8%
Net income-$453.0M-29.8%
EPS (diluted)-$1.68-38.8%

Balance sheet

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Cash & equivalents$17.2B+14.9%
Total debt$3.8B-11.4%
Total equity-$785.0M-168%
Total assets$334.66B+10.4%

Cash flow

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Operating cash flow$643.0M+88.6%

Valuation

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Market cap$14B-9.3%
Enterprise value$658.75M-86.3%
P/S1.3×+0.2×

Profitability

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Net margin-5.9%

Returns & leverage

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Return on equity-42%
Debt / equity14.1×+12.3×

Where this comes from

Reported directly by Equitable Holdings in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationOtherOperatingExpense.

The source filing: Equitable Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 3:26 PM EST
Fiscal year
FY2025
Accession
0001333986-26-000012
Line itemRetirementAsset ManagementWealth ManagementCorporate and OtherElim-inationsTotal
Policyholders’ account balances118,53714,896133,433
Future policy benefits and other policyholders’ liabilities5,31812,34217,660
Policy charges and premium revenue1,2171,9973,214
Net derivative gains (losses)(2,268)(29)22319(2,055)
Net investment income (loss)4,29420127851235,234
Policyholders’ benefits and interest credited2,8962,5155,411
Amortization of deferred policy acquisition costs591198789
All other operating expenses (1)7893,4931,6831,644(951)6,658

Item 8. Financial Statements and Supplementary Data

FAQ

What is Equitable Holdings's wealth management — all other operating expense?
Equitable Holdings (EQH) reported wealth management — all other operating expense of $420.75M in Q4 2025.
How has Equitable Holdings's wealth management — all other operating expense changed year-over-year?
Equitable Holdings's wealth management — all other operating expense increased by 8.6% year-over-year, from $387.5M to $420.75M.
What is the long-term trend for Equitable Holdings's wealth management — all other operating expense?
Over 4 years (2021 to 2025), Equitable Holdings's wealth management — all other operating expense has grown at a 4.9% compound annual growth rate (CAGR), from $1.39B to $1.68B.
What does wealth management — all other operating expense mean?
This metric captures the residual operating costs incurred by the wealth management segment that are not categorized as direct commissions, acquisition costs, or specific policy benefits. It typically includes administrative overhead, technology infrastructure, personnel costs, and general corporate allocations required to support advisory services. Tracking this provides insight into the operational efficiency and cost structure of the wealth management platform.

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