| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.7K | 60.8% | 29.8% |
| Total Income | 1.7K | 60.8% | 29.8% |
| Expenditure | 2.3K | 34.8% | 19.4% |
| PBT | -493.00 | 155.6% | 35.8% |
| Net Profit | -453.00 | 172.9% | 29.8% |
| OPM | — | ||
| NPM | -27.32% | 42.00pp | 12.55pp |
| EPS | -1.68 | 177.8% | 38.8% |
Equitable Holdings Reports Q2 2026 Results with Strong Organic Growth and Merger Progress
05 Aug 2026 · 5 Aug, 1:55 am
Summary
Equitable Holdings announced strong financial results for the second quarter of 2026, with Non-GAAP operating earnings per share reaching $1.70 ($1.75 excluding notable items), a 24% increase year-over-year. Total assets under management/administration grew 10% to $1.2 trillion, driven by positive net flows and market performance. The company highlighted positive organic growth across all its businesses, with significant net inflows in Retirement, Wealth Management, and Asset Management. Management expressed confidence in executing the growth strategy and delivering on 2026 financial targets, emphasizing the upcoming merger with Corebridge Financial, which received shareholder approval and is expected to close by year-end.
Key Highlights
- 1
Equitable Holdings reported Non-GAAP operating earnings per share of $1.70, or $1.75 excluding notable items, up 24% from the prior year quarter.
- 2
Total Assets Under Management/Administration increased 10% year-over-year to $1.2 trillion as of June 30, 2026.
- 3
The Retirement segment reported net inflows of $1.7 billion and first year premiums increased 13% over the prior year.
- 4
Wealth Management reported advisory net inflows of $2.0 billion, supported by a 13% year-over-year increase in advisor productivity.
- 5
Asset Management (AllianceBernstein) reported net inflows of $0.8 billion, driven by the retail and institutional channels.
- 6
The Company returned $449 million to shareholders in the second quarter, including $83 million in cash dividends and $366 million of share repurchases.
- 7
Shareholders approved the merger with Corebridge Financial on July 30th, and the transaction is on track to close by year-end 2026.
Management Comments
Mark Pearson
During the second quarter, we made significant progress on the merger with Corebridge while also delivering strong financial results. We reported Non-GAAP operating earnings per share of $1.70, or $1.75 excluding notable items, up 24% from the prior year quarter. Our businesses delivered healthy organic growth, highlighted by $1.7 billion of net inflows in Retirement, $2.0 billion of advisory net inflows in Wealth Management and $0.8 billion of net inflows for AllianceBernstein. Positive flows, coupled with favorable market conditions, drove assets under management to a record $1.2 trillion in the quarter. We remain focused on executing our growth strategy and delivering on our 2026 financial targets so that we enter the merger with strong momentum. Shareholders overwhelmingly approved the merger on July 30th and we remain on track to close by year-end 2026. Our joint integration efforts are well underway, and I am confident that the New Equitable will have the scale, distribution reach and business model to be a winner in growing markets and deliver long-term value for our customers and shareholders.
Informational and educational content only. Not investment advice.