Earnings Releases·Oct 27, 2026, 6:15 AM ET

AllianceBernstein Holding L.P. — Third Quarter 2026 Earnings Summary

GAAP net revenues rose 8% YoY to $1.23 billion, while GAAP operating income declined 12% to $250 million due to a 14% increase in operating expenses; adjusted net income per Unit grew 2.3% YoY to $0.88.
Firmwide net inflows reached $6.6 billion, the strongest quarterly result in four years, driven by $15 billion in Alternatives/MAS inflows and $16 billion in the Institutional channel, offset by $13 billion in active equity outflows.
Total AUM increased 5% YoY to $900.4 billion, with private markets AUM reaching $105 billion (up 33% YoY), surpassing the 2027 target range.
Management reaffirmed a focus on organic growth across insurance, private markets, SMAs, and ETFs, citing accelerated deployment speeds and market share gains in private markets and tax-exempt fixed income.
The firm repurchased 1.0 million units for $38.3 million during the quarter and declared a cash distribution of $0.88 per Unit, payable November 19, 2026.