10-K · February 12, 2026
AllianceBernstein reported AUM of approximately $867 billion as of December 31, 2025 (up from $792 billion in 2024 and $725 billion in 2023) and net revenues of approximately $4.5 billion in 2025 (flat vs. 2024 and up…
Earnings analysis · 10-Q
AB earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
AllianceBernstein reported Q1 2026 GAAP net revenues of $1,201,726,000, reflecting an 11.2% year-over-year increase. While actual EPS came in at $0.83, slightly below the consensus estimate of $0.84, the company still…
Read full summary
AllianceBernstein reported Q1 2026 GAAP net revenues of $1,201,726,000, reflecting an 11.2% year-over-year increase. While actual EPS came in at $0.83, slightly below the consensus estimate of $0.84, the company still reported solid operational metrics, including a 15.1% rise in net income attributed to AB Unitholders to $295,485,000. Operating income increased to $326,800,000, showcasing improved efficiency as operating margin expanded to 26.1%.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.83
- Operating margin
- 26.1%
What stood out
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Strong Revenue Growth
Revenue of $1,201,726,000 increased by 11.2% year-over-year.
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Operating Margin Expansion
Operating margin expanded to 26.1%, up from the prior year.
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Increased Net Income
Net income attributable to AB Unitholders rose to $295,485,000, a 33.8% increase.
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Increased Cash Distribution
Cash distribution per AB Holding Unit increased by 3.7% to $0.83.
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High Adjusted Net Income
Adjusted net income per AB Holding Unit was reported at $0.83, up from $0.80.
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Operating Cash Flow Stability
Net cash provided by operating activities was $88.5 million, reflecting a stable cash flow.
What to watch
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Material Net Outflows
Total net outflows were reported at $7.1 billion, impacting asset management.
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Reduced Cash Distributions
Cash distributions received from AB decreased by $30.1 million year-over-year.
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Foreign Investor Withholding Concerns
Risk related to foreign investor withholding may affect future financials.
Management's outlook
No numeric forward guidance provided; management indicates pipeline and market risks.
Earlier filings 4
10-Q · October 23, 2025
AB Holding reported Q3 net income of $73,751 (three months ended September 30, 2025) or $0.79 per unit, down from $127,195 and $1.12 per unit a year earlier. Management declared a $0.86 per unit distribution (payable…
10-K · February 14, 2025
AllianceBernstein Holding's 2024 10-K report reflects a strong business performance, with net revenues rising to approximately $4.5 billion, up from $4.2 billion in 2023 and $4.1 billion in 2022. Assets Under Management…
10-Q · July 26, 2024
AllianceBernstein Holding reported materially higher profitability for Q2 2024 driven by stronger earnings from its AB investment: equity in net income attributable to AB Unitholders rose to $122,705k (up 77.5% YoY) and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.