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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Dividend and interest income $ 123,091 $ 38,734 $ 50,923
Investment (losses) (102,413) (636) (16,401)
Other revenues 105,544 108,409 104,703
Total revenues 4,120,728 4,445,288 3,724,186
Less: Interest expense 66,438 3,686 15,650
Net revenues 4,054,290 4,441,602 3,708,536
Expenses:      
Employee compensation and benefits 1,666,636 1,716,013 1,494,198
Promotion and servicing:      
Amortization of deferred sales commissions 34,762 34,364 27,355
Trade execution, marketing, T&E and other 215,556 197,486 189,787
General and administrative 641,635 555,608 491,070
Contingent payment arrangements 6,563 2,710 1,855
Interest on borrowings 17,906 5,145 6,180
Amortization of intangible assets 26,564 5,697 21,372
Total expenses 3,239,194 3,225,140 2,801,100
Operating income 815,096 1,216,462 907,436
Income tax 39,639 62,728 45,653
Net income 775,457 1,153,734 861,783
Net (loss) income of consolidated entities attributable to non-controlling interests (56,356) 5,111 (4,169)
Net income attributable to AB Unitholders $ 831,813 $ 1,148,623 $ 865,952
Net income per AB Unit:      
Basic (in dollars per share) $ 3.01 $ 4.18 $ 3.19
Diluted (in dollars per share) $ 3.01 $ 4.18 $ 3.19
Investment advisory and services fees      
Revenues:      
Revenue subject to contracts with customers $ 2,971,038 $ 3,194,524 $ 2,595,436
Bernstein research services      
Revenues:      
Revenue subject to contracts with customers 416,273 452,017 459,744
Distribution related      
Revenues:      
Revenue subject to contracts with customers 607,195 652,240 529,781
Promotion and servicing:      
Distribution-related payments $ 629,572 $ 708,117 $ 569,283