Equitable Holdings Q3 adjusted EPS jumps 44%, beats estimates
EQH•Equitable Holdings’ third-quarter adjusted EPS rose 44% year over year to $2.13, beating the $1.86 analyst consensus. Net income was $1.12 billion, compared with a loss in the prior year.
1. Quarterly results
Equitable Holdings reported third-quarter adjusted operating earnings of $595 million and assets under management of $1.16 trillion. The company returned $320 million to shareholders.
2. Segment performance
Retirement operating earnings rose on higher fee-based revenue, net interest margin growth and an actuarial assumption update. Asset management reported $6.6 billion in net inflows, while operating earnings fell because of a lower fee rate and higher expenses. Wealth management operating earnings increased on growth in client assets and higher advisor productivity.
3. Merger and outlook
The company maintained its 2026 payout ratio target of 60% to 70%. Its merger with Corebridge Financial is expected to close by year-end 2026, subject to approvals.
