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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Dividend and interest income $ 11,475 $ 8,684
Investment (losses) gains (39,024) 1,928
Other revenues 26,155 27,711
Total revenues 1,108,536 1,008,410
Less: Interest expense 2,849 1,144
Net revenues 1,105,687 1,007,266
Expenses:    
Employee compensation and benefits 439,420 406,059
Promotion and servicing:    
Amortization of deferred sales commissions 9,383 7,899
Trade execution, marketing, T&E and other 51,227 46,678
General and administrative 177,625 120,223
Contingent payment arrangements 838 796
Interest on borrowings 1,411 1,294
Amortization of intangible assets 1,136 1,479
Total expenses 857,284 746,682
Operating income 248,403 260,584
Income taxes 12,721 16,745
Net income 235,682 243,839
Net (loss) of consolidated entities attributable to non-controlling interests (25,045) (292)
Net income attributable to AB Unitholders $ 260,727 $ 244,131
Net income per AB Unit:    
Basic (in dollars per share) $ 0.95 $ 0.89
Diluted (in dollars per share) $ 0.95 $ 0.89
Investment advisory and services fees    
Revenues:    
Revenue subject to contracts with customers $ 823,782 $ 703,466
Bernstein research services    
Revenues:    
Revenue subject to contracts with customers 117,807 119,021
Distribution related    
Revenues:    
Revenue subject to contracts with customers 168,341 147,600
Promotion and servicing:    
Distribution-related payments $ 176,244 $ 162,254