Quarterly ResultApr 28, 2026, 06:32 AM
AB Q1 GAAP EPS $0.92, Adj. EPS $0.83; Cash Dist. $0.83
AI Summary
AllianceBernstein Holding L.P. reported Q1 2026 GAAP Net Income of $0.92 per Unit, a 37.3% increase year-over-year, and Adjusted Net Income of $0.83 per Unit, up 3.7% YoY. The company declared a cash distribution of $0.83 per Unit. Ending Assets Under Management (AUM) stood at $838.6 billion, reflecting a 6.9% increase from the prior year but a 3.3% decrease sequentially, primarily due to $7.1 billion in total net outflows, including significant active equity redemptions. Despite a challenging market, the firm saw strong inflows in its municipal franchise, private markets, and multi-asset strategies, with institutional pipeline AUM reaching a record $27.5 billion.
Key Highlights
- GAAP Net Income per Unit was $0.92, up 37.3% year-over-year.
- Adjusted Net Income per Unit was $0.83, up 3.7% year-over-year.
- Cash Distribution per Unit was $0.83, up 3.7% year-over-year.
- Ending Assets Under Management (AUM) was $838.6 billion, up 6.9% YoY but down 3.3% QoQ.
- Total net outflows were $7.1 billion, including $10.9 billion in active equity outflows.
- Municipal franchise generated $3.3 billion net inflows.
- Alternatives/multi-asset strategies recorded $3.4 billion net inflows.
- Institutional pipeline AUM reached a record $27.5 billion.
- AB recognized a $48.4 million gain from the JV with SocGen.