AB · Alliancebernstein Holding L.P.
One customer — 11% of revenue (the three and six months ended June 30, 2026)
“Growth Stock, an open-end fund incorporated in Japan, generated approximately 11% of our net revenues for the three and six months ended June 30, 2026, respectively.”
One customer — 12% of revenue (the three and six months ended June 30, 2025)
“U.S. Growth Stock generated approximately 12% of our net revenues for the three and six months ended June 30, 2025, respectively.”
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| AB Holding cash distribution per Unit | $0.82 | 2Q 2026 | — |
| Adjusted AB Holding EPU non-GAAP | $0.82 | 2Q 2026 | — |
| Adjusted Net Income per Holding Unit non-GAAP | $0.82 | Three Months Ended 6/30/2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net Income per Holding Unit, GAAP basis $0.77
+$0.05 Impact of AB non-GAAP adjustments
= Adjusted Net Income per Holding Unit $0.82
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| Adjusted net revenues non-GAAP | $887.55M | 2Q 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net Revenues, GAAP basis 1.17B
-200.92M Distribution revenues
-14.31M Investment advisory services fees
-18.06M Investment advisory services fees
-15.35M Other revenues
-9.37M Impact of consolidated company-sponsored investment funds
-20.92M Acquisition related investment advisory and services fees
-3.56M Incentive compensation-related items
-3.65M Equity (gain) loss on JV
+2.68M Loss (gain) on other equity method investments
= Adjusted Net Revenues 887.55M
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| Adjusted operating income non-GAAP | $292.98M | 2Q 2026 | — |
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| Adjusted operating margin non-GAAP | 33% | 2Q 2026 | — |
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| Average AUM | 881.2B | 2Q 2026 | — |
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| Ending AUM | 905.5B | 2Q 2026 | — |
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| Headcount | 4,400 | as of June 30, 2026 | — |
| Institutional AUM | 371.1B | 2Q 2026 | — |
| Institutional gross sales | 8.3B | Three Months Ended 6/30/2026 | — |
| Institutional net flows | 0.6B | Three Months Ended 6/30/2026 | — |
| Institutional pipeline AUM | 25.8B | as of June 30, 2026 | — |
| Private Wealth AUM | 167.1B | 2Q 2026 | — |
| Private Wealth gross sales | 5.5B | Three Months Ended 6/30/2026 | — |
| Retail AUM | 367.3B | 2Q 2026 | — |
| Retail gross sales | 31B | Three Months Ended 6/30/2026 | — |
| Retail net flows | 0.9B | Three Months Ended 6/30/2026 | — |
| Total Net Flows | 0.8B | Three Months Ended 6/30/26 | — |
| AB Holding L.P. Units Outstanding (Period-end) | 92,284,367 | As of December 31, 2025 | — |
| AB L.P. Units Outstanding (Period-end) | 293,508,421 | As of December 31, 2025 | — |
| Active Equities Net Redemptions | $22.5B | Full year 2025 | — |
| Alternatives/Multi-asset Active Net Inflows | $10.6B | Full year 2025 | — |
| Assets Under Management (Ending) | $866.9B | As of December 31, 2025 | — |
| Market Appreciation | $86B | Twelve Months Ended 12/31/25 | — |
| Net Flows | -$11.3B | Twelve Months Ended 12/31/25 | — |
| Private Markets AUM | $82B | Full year 2025 | — |
| Private Wealth Net Inflows | $2.4B | Full year 2025 | — |
| Tax-exempt Fixed Income Net Inflows | $11.6B | Full year 2025 | — |
| Total amount of AB Holding Units Purchased/Retained | 2.8M | Q4 2025 | — |
| Total Cash Paid for AB Holding Units Purchased/Retained | $114.3M | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AB
this stock
Alliancebernstein Holding L.P.
|
$3.43B | -4.9% | — | — | 0.5% |
|
BLK
BlackRock, Inc.
|
$382.87B | +9.1% | +16.2% | 28.2 | 0.6% |
|
BX
Blackstone Inc.
|
$108.56B | -6.8% | +9.2% | 32.4 | 2.9% |
|
KKR
KKR & Co. Inc.
|
$98.13B | -14.2% | -11.0% | — | 1.4% |
|
BN
BROOKFIELD Corp /ON/
|
$92.82B | -9.7% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AB | +1.6% | -0.4% | -3.5% | -0.5% | -4.9% |
| SPY | +1.1% | +4.0% | +14.7% | +3.2% | +13.1% |
| vs SPY | +0.5% | -4.3% | -18.2% | -3.7% | -18.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.