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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Dividend and interest income $ 50,679 $ 11,475
Investment gains (losses) 5,264 (39,024)
Other revenues 26,146 26,155
Total revenues 1,052,112 1,108,536
Less: Interest expense 28,021 2,849
Net revenues 1,024,091 1,105,687
Expenses:    
Employee compensation and benefits 434,163 439,420
Promotion and servicing:    
Amortization of deferred sales commissions 8,154 9,383
Trade execution, marketing, T&E and other 50,630 51,227
General and administrative 139,653 177,625
Contingent payment arrangements 2,444 838
Interest on borrowings 13,713 1,411
Amortization of intangible assets 11,693 1,136
Total expenses 808,831 857,284
Operating income 215,260 248,403
Income taxes 11,342 12,721
Net income 203,918 235,682
Net income (loss) of consolidated entities attributable to non-controlling interests 9,767 (25,045)
Net income attributable to AB Unitholders $ 194,151 $ 260,727
Net income per AB Unit:    
Basic (in dollars per share) $ 0.67 $ 0.95
Diluted (in dollars per share) $ 0.67 $ 0.95
Investment advisory and services fees    
Revenues:    
Revenue subject to contracts with customers $ 728,907 $ 823,782
Bernstein research services    
Revenues:    
Revenue subject to contracts with customers 100,038 117,807
Distribution revenues    
Revenues:    
Revenue subject to contracts with customers 141,078 168,341
Promotion and servicing:    
Distribution-related payments $ 148,381 $ 176,244