Quarterly ResultJul 31, 2026, 04:38 PM
AllianceBernstein Q2 Net Income $71.7M, EPS $0.77; Raises Distribution
AI Summary
AllianceBernstein Holding L.P. reported a 2.1% increase in GAAP net income to $71.7 million for the second quarter of 2026, with GAAP net income per Unit rising 20.3% to $0.77. Adjusted net income per Unit also increased by 7.9% to $0.82. The company declared a quarterly distribution of $0.82 per Unit. While net cash provided by operating activities decreased to $165.4 million for the first half of 2026, total assets and partners' capital saw slight increases. The company also implemented a new accounting and financial reporting software system in January 2026.
Key Highlights
- Q2 2026 GAAP net income was $71.7 million, up 2.1% from Q2 2025.
- Q2 2026 GAAP net income per Unit was $0.77, up 20.3% from Q2 2025.
- Q2 2026 adjusted net income per Unit was $0.82, up 7.9% from Q2 2025.
- A distribution of $0.82 per Unit was declared for Q2 2026, payable August 27, 2026.
- Total assets as of June 30, 2026, were $1.246 billion, up from $1.240 billion at year-end 2025.
- Net cash provided by operating activities for H1 2026 was $165.4 million, down from $203.9 million in H1 2025.
- The company repurchased 532,800 AB Holding Units in Q2 2026 at an average price of $37.20.
Price Impact
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