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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Dividend and interest income $ 44,515 $ 50,679
Investment gains 11,743 5,264
Other revenues 25,293 26,146
Total revenues 1,127,868 1,052,112
Less: Broker-dealer related interest expense 23,717 28,021
Net revenues 1,104,151 1,024,091
Expenses:    
Employee compensation and benefits 452,772 434,163
Promotion and servicing:    
Amortization of deferred sales commissions 11,799 8,154
Trade execution, marketing, T&E and other 54,991 50,630
General and administrative 137,910 139,653
Contingent payment arrangements 2,558 2,444
Interest on borrowings 17,370 13,713
Amortization of intangible assets 11,772 11,693
Total expenses 862,154 808,831
Operating income 241,997 215,260
Income taxes 16,042 11,342
Net income 225,955 203,918
Net income of consolidated entities attributable to non-controlling interests 8,028 9,767
Net income attributable to AB Unitholders $ 217,927 $ 194,151
Net income per AB Unit:    
Basic (in dollars per share) $ 0.75 $ 0.67
Diluted (in dollars per share) $ 0.75 $ 0.67
Investment advisory and services fees    
Revenues:    
Revenue subject to contracts with customers $ 784,405 $ 728,907
Bernstein research services    
Revenues:    
Revenue subject to contracts with customers 96,222 100,038
Distribution revenues    
Revenues:    
Revenue subject to contracts with customers 165,690 141,078
Promotion and servicing:    
Distribution-related payments $ 172,982 $ 148,381