Equitable Holdings (EQH) FY2024 results: revenue $12.4 billion, up 18.9% on the year
Equitable Holdings, Inc. (EQH) reported revenue of $12.4 billion for fiscal 2024, the year ended 31 December 2024, up 18.9% on the year before. Net income was $1.3 billion, down 0.2%, and diluted earnings per share $3.78. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$12.4 billion
+18.9% on the year
FY2017FY2024
Operating margin
16.8%
6.8% a year earlier
FY2017FY2024
Net income
$1.3 billion
-0.2% on the year
FY2017FY2024
Diluted EPS
$3.78
+8.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,006
-208
-250
Cash from investing
-15,855
-4,851
-7,487
Cash from financing
12,441
9,000
7,045
+38.2%
Share-based compensation
313
294
328
+6.5%
Buybacks
1,014
919
849
+10.3%
Dividends paid
302
301
294
+0.3%
Dividend per share
$0.94
$0.86
$0.78
+9.3%
Diluted shares, weighted
325m
352m
380m
-7.6%
Shares outstanding at period end
310m
334m
365m
-7.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,565
2,636
1,401
-40.6%
Non-controlling interest
1,858
1,739
1,740
+6.8%
Redeemable equity
125
770
455
-83.8%
Debt
3,833
4,074
4,081
-5.9%
Other liabilities
288,485
267,595
245,025
+7.8%
Total liabilities and equity
295,866
276,814
252,702
+6.9%
Securities held for sale or to maturity
76,641
67,030
63,361
+14.3%
Loans
20,072
18,171
16,481
+10.5%
Cash and equivalents
6,964
8,239
4,281
-15.5%
Other assets
192,189
183,374
168,579
+4.8%
Total assets
295,866
276,814
252,702
+6.9%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.