Equitable Holdings Q2 2026: $1.75 Adjusted EPS, Record $1.2T AUM, Merger on Track
EQH sits 37% above its 52-week low of $35.195.
Summary
Equitable Holdings reported Q2 2026 adjusted EPS of $1.75, record assets under management of $1.2 trillion, and positive net flows across Retirement, Wealth Management, and Asset Management. The Corebridge merger remains on track for year-end close.
Key Events · Earnings and Guidance · EQH
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Q2 Earnings Beat
Non-GAAP operating EPS of $1.75 (excluding notable items) exceeded expectations, up 24% from $1.10 in Q2 2025. GAAP net loss was $453 million due to non-cash derivative and market risk benefit changes.
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Record AUM/A of $1.2 Trillion
Total assets under management/administration reached $1.2 trillion, driven by $1.7B net inflows in Retirement, $2.0B in Wealth Management advisory, and $0.8B in Asset Management.
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Capital Return of $449 Million
Returned $449 million to shareholders in Q2 via $366 million in share repurchases and $83 million in dividends, on track for 60-70% payout ratio target in 2026.
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Corebridge Merger Progress
Shareholders approved the all-stock merger on July 30; closing expected by year-end 2026. The deal is expected to be immediately accretive to EPS and cash generation, with 10%+ accretion by 2028.
Analysis · EQH · Finance
Equitable Holdings delivered strong Q2 results with Non-GAAP operating EPS of $1.75, up 24% year-over-year, driven by organic growth and positive net flows across all businesses. The company returned $449 million to shareholders and remains on track for its 60-70% payout ratio target. The Corebridge merger, approved by shareholders on July 30, is expected to close by year-end 2026, positioning the combined entity for scale and long-term value creation.
At the time of this filing, EQH was trading at $48.25 on NYSE in the Finance sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $35.20 to $55.24. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.