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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenue subject to contracts with customers $ 3,688,518 $ 3,430,316 $ 3,315,390
Dividend and interest income 50,923 104,421 98,226
Investment (losses) gains (16,401) 38,659 2,653
Other revenues 104,703 97,559 98,676
Total revenues 3,724,186 3,575,637 3,419,760
Less: Interest expense 15,650 57,205 52,399
Net revenues 3,708,536 3,518,432 3,367,361
Expenses:      
Employee compensation and benefits 1,494,198 1,442,783 1,378,811
Promotion and servicing:      
Amortization of deferred sales commissions 27,355 15,029 21,343
Trade execution, marketing, T&E and other 189,787 219,860 222,630
General and administrative:      
General and administrative 485,544 484,750 448,996
Real estate charges 5,526 3,324 7,160
Contingent payment arrangements 1,855 (510) (2,219)
Interest on borrowings 6,180 13,035 10,359
Amortization of intangible assets 21,372 28,759 27,781
Total expenses 2,801,100 2,694,995 2,542,047
Operating income 907,436 823,437 825,314
Income tax 45,653 41,754 45,816
Net income 861,783 781,683 779,498
Net (loss) income of consolidated entities attributable to non-controlling interests (4,169) 29,641 21,910
Net income attributable to AB Unitholders $ 865,952 $ 752,042 $ 757,588
Net income per AB Unit:      
Basic (in dollars per share) $ 3.19 $ 2.78 $ 2.79
Diluted (in dollars per share) $ 3.19 $ 2.78 $ 2.78
Investment advisory and services fees      
Revenues:      
Revenue subject to contracts with customers $ 2,595,436 $ 2,472,044 $ 2,362,211
Bernstein research services      
Revenues:      
Revenue subject to contracts with customers 459,744 407,911 439,432
Distribution related      
Revenues:      
Revenue subject to contracts with customers 529,781 455,043 418,562
Promotion and servicing:      
Distribution-related payments $ 569,283 $ 487,965 $ 427,186