Highlights

  • Third quarter Net Income was USD 73,147 thousand against USD 73,751 thousand.
  • Net income per unit was USD 0.79, level with the prior year.
  • A distribution of USD 0.88 per unit was declared on October 27.
  • Nine-month net income rose to USD 230,102 thousand from USD 218,033 thousand.

AllianceBernstein Holding L.P. (NYSE:AB) shares were trading near their 52-week low at USD 34.06 on November 6, 2026, down 2.42% on the day. The Partnership reported third quarter net income of USD 73,147 thousand, or USD 0.79 per unit, and declared a distribution of USD 0.88 per unit.

AB Holding's market Capitalization is about USD 3.13 billion at the current price, and the units trade at a price to Earnings ratio of 10.07. AB Holding records its Investment in AllianceBernstein L.P. using the Equity method.

Third Quarter Results

Equity in net income attributable to AB Unitholders was USD 80,091 thousand against USD 81,412 thousand. Income taxes were USD 6,944 thousand against USD 7,661 thousand. Net income was USD 73,147 thousand against USD 73,751 thousand, and net income per unit was USD 0.79 in both periods.

Nine-Month Results

Equity in net income attributable to AB Unitholders was USD 252,343 thousand against USD 242,995 thousand. Income taxes were USD 22,241 thousand against USD 24,962 thousand. Net income was USD 230,102 thousand against USD 218,033 thousand, and net income per unit was USD 2.48 against USD 2.08.

Distributions and Cash Flow

On October 27, 2026, the General Partner declared a distribution of USD 0.88 per unit, representing Available Cash Flow for the three months ended September 30, 2026. For the nine months, net cash provided by Operating Activities was USD 241.8 million against USD 275.1 million, a decrease that the filing links to USD 35.1 million lower cash distributions received from AB.

Cash distributions to Unitholders were USD 243.3 million for the nine months against USD 274.1 million. Cash distributions received from AB were USD 265,846 thousand against USD 300,993 thousand.

Operating Company Commentary

AllianceBernstein's management said Assets under management were approximately USD 900 billion at the end of the quarter. It said passive equity strategies generated over USD 2 billion of net inflows, and that about USD 500 million of the quarter's net outflows came from Rebalancing and is being redeployed in the fourth quarter. Operating Income was USD 303 million, flat with the prior year and 3% higher than the prior quarter.

Management expects the compensation ratio to remain at 48.5% in the fourth quarter and expects USD 75 million to USD 85 million of public markets performance fees.

Balance Sheet and Units

Total assets were USD 1,207,032 thousand against USD 1,240,042 thousand at December 31, 2025, and total liabilities were USD 573 thousand against USD 1,664 thousand. There were 91,931,441 units outstanding as of September 30, 2026.