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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
Quarters Ended 2020
December 31September 30June 30March 31
(in thousands, except per unit amounts)
Net revenues$1,062,893 $900,038 $871,449 $874,156 
Net income attributable to AB Unitholders$286,335 $207,976 $177,321 $194,320 
Basic net income per AB Unit(1)
$1.06 $0.77 $0.65 $0.71 
Diluted net income per AB Unit(1)
$1.06 $0.77 $0.65 $0.71 
Cash distributions per AB Unit(2)(3)
$1.05 $0.76 $0.68 $0.71 
Quarters Ended 2019
December 31September 30June 30March 31
(in thousands, except per unit amounts)
Net revenues$987,304 $877,867 $857,799 $795,462 
Net income attributable to AB Unitholders$248,865 $187,811 $166,252 $149,114 
Basic net income per AB Unit(1)
$0.92 $0.69 $0.61 $0.55 
Diluted net income per AB Unit(1)
$0.92 $0.69 $0.61 $0.55 
Cash distributions per AB Unit(2)(3)
$0.93 $0.70 $0.63 $0.56 
(1)Basic and diluted net income per unit are computed independently for each of the periods presented. Accordingly, the sum of the quarterly net income per unit amounts may not agree to the total for the year.
(2)Declared and paid during the following quarter.
(3)Cash distributions reflect the impact of our non-GAAP adjustments.