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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Dividend and interest income $ 165,313 $ 199,443 $ 123,091
Investment (losses) gains (13,486) 14,206 (102,413)
Other revenues 142,794 101,342 105,544
Total revenues 4,559,652 4,262,864 4,120,728
Less: Broker-dealer related interest expense 84,513 107,541 66,438
Net revenues 4,475,139 4,155,323 4,054,290
Expenses:      
Employee compensation and benefits 1,801,767 1,769,153 1,666,636
Promotion and servicing:      
Amortization of deferred sales commissions 57,983 36,817 34,762
Trade execution, marketing, T&E and other 182,146 215,643 215,556
General and administrative 599,215 581,571 641,635
Contingent payment arrangements (121,896) 22,853 6,563
Interest on borrowings 43,509 54,394 17,906
Amortization of intangible assets 45,913 46,854 26,564
Total expenses 3,351,066 3,337,653 3,239,194
Operating income 1,124,073 817,670 815,096
Gain on divestiture 134,555 0 0
Non-operating income 134,555 0 0
Pre-tax Income 1,258,628 817,670 815,096
Income tax 65,143 29,051 39,639
Net income 1,193,485 788,619 775,457
Net income (loss) of consolidated entities attributable to non-controlling interests 20,238 24,009 (56,356)
Net income attributable to AB Unitholders $ 1,173,247 $ 764,610 $ 831,813
Net income per AB Unit:      
Basic (in dollars per share) $ 4.05 $ 2.65 $ 3.01
Diluted (in dollars per share) $ 4.05 $ 2.65 $ 3.01
Investment advisory and services fees      
Revenues:      
Revenues $ 3,442,139 $ 2,975,468 $ 2,971,038
Bernstein research services      
Revenues:      
Revenues 96,222 386,142 416,273
Distribution revenues      
Revenues:      
Revenues 726,670 586,263 607,195
Promotion and servicing:      
Distribution-related payments $ 742,429 $ 610,368 $ 629,572