= ("Equals") is the fifth studio album by English singer-songwriter Ed Sheeran. It was released on 29 October 2021 through Asylum and Atlantic Records. The album was supported by five singles: "Bad Habits", "Shivers", "Overpass Graffiti", "The Joker and the Queen", and "2step". The song "Visiting Hours" was released as a promotional single.

Upon release, = received generally mixed reviews from music critics, who appreciated Sheeran's emerging sonic experimentation while criticising its production. The album reached number one in Australia, Belgium, Canada, Denmark, France, Germany, Ireland, Italy, Lithuania, the Netherlands, New Zealand, Scotland, Sweden, the United Kingdom, and the United States.

The Christmas edition of the album was released on 3 December 2021, containing a guest appearance from fellow English singer-songwriter Elton John on the song "Merry Christmas", while the standard edition does not have any guest appearances.

The tour edition of the album was released on 27 May 2022. It contains his two songs from the 2019 film Yesterday, "One Life" and "Penguins", and two new songs, "I Will Remember You" and "Welcome to the World". The reissue also contains the 2020 single "Afterglow", the single version of "The Joker and the Queen" featuring American singer-songwriter Taylor Swift, the single version of "2step" featuring American rapper Lil Baby, a remix of "Bad Habits" featuring British rock band Bring Me the Horizon, and his collaboration with Nigerian singer Fireboy DML, "Peru". A second remix of "2step" is also included in the reissue in several countries.

A French version of the album was released on 4 November 2022. This version contains "Peru", a remix of "2step" featuring Leto, "Bam Bam" by Camila Cabello featuring Sheeran, and a new single "Call on Me" by Vianney featuring Sheeran. A limited edition includes a DVD of the FNAC Live 2021 concert. The album sold 1.3 million copies worldwide in 2021, becoming the fifth best-selling album of that year.