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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Dividend and interest income $ 199,443 $ 123,091 $ 38,734
Investment gains (losses) 14,206 (102,413) (636)
Other revenues 101,342 105,544 108,409
Total revenues 4,262,864 4,120,728 4,445,288
Less: Broker-dealer related interest expense 107,541 66,438 3,686
Net revenues 4,155,323 4,054,290 4,441,602
Expenses:      
Employee compensation and benefits 1,769,153 1,666,636 1,716,013
Promotion and servicing:      
Amortization of deferred sales commissions 36,817 34,762 34,364
Trade execution, marketing, T&E and other 215,643 215,556 197,486
General and administrative 581,571 641,635 555,608
Arrangements expense 22,853 6,563 2,710
Interest on borrowings 54,394 17,906 5,145
Amortization of intangible assets 46,854 26,564 5,697
Total expenses 3,337,653 3,239,194 3,225,140
Operating income 817,670 815,096 1,216,462
Income tax 29,051 39,639 62,728
Net income 788,619 775,457 1,153,734
Net income (loss) income of consolidated entities attributable to non-controlling interests 24,009 (56,356) 5,111
Net income attributable to AB Unitholders $ 764,610 $ 831,813 $ 1,148,623
Net income per AB Unit:      
Basic (in dollars per share) $ 2.65 $ 3.01 $ 4.18
Diluted (in dollars per share) $ 2.65 $ 3.01 $ 4.18
Investment advisory and services fees      
Revenues:      
Revenue subject to contracts with customers $ 2,975,468 $ 2,971,038 $ 3,194,524
Bernstein research services      
Revenues:      
Revenue subject to contracts with customers 386,142 416,273 452,017
Distribution related      
Revenues:      
Revenue subject to contracts with customers 586,263 607,195 652,240
Promotion and servicing:      
Distribution-related payments $ 610,368 $ 629,572 $ 708,117