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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Dividend and interest income $ 36,137 $ 43,986 $ 70,487 $ 88,501
Investment (losses) (7,825) (23,629) (28,363) (11,886)
Other revenues 33,912 39,167 64,092 64,460
Total revenues 1,104,569 1,049,756 2,202,693 2,177,624
Less: Broker-dealer related interest expense 15,662 21,813 33,179 45,530
Net revenues 1,088,907 1,027,943 2,169,514 2,132,094
Expenses:        
Employee compensation and benefits 439,554 423,324 860,085 876,096
Promotion and servicing:        
Amortization of deferred sales commissions 21,150 13,348 41,311 25,147
Trade execution, marketing, T&E and other 40,819 40,940 77,332 95,931
General and administrative 148,018 145,732 295,953 283,642
Contingent payment arrangements 42 2,558 106 5,116
Interest on borrowings 8,463 11,313 15,601 28,683
Amortization of intangible assets 11,246 11,531 22,483 23,303
Total expenses 866,813 828,654 1,711,051 1,690,808
Operating income 222,094 199,289 458,463 441,286
Gain on divestiture 0 134,555 0 134,555
Non-operating income 0 134,555 0 134,555
Pre-tax income 222,094 333,844 458,463 575,841
Income taxes 14,806 20,092 29,481 36,134
Net income 207,288 313,752 428,982 539,707
Net (loss) income of consolidated entities attributable to non-controlling interests (3,179) 4,180 (2,284) 12,208
Net income attributable to AB Unitholders $ 210,467 $ 309,572 $ 431,266 $ 527,499
Earnings Per Unit [Abstract]        
Basic net income per AB Unit (in dollars per share) $ 0.71 $ 1.07 $ 1.46 $ 1.82
Diluted net income per AB Unit (in dollars per share) $ 0.71 $ 1.07 $ 1.46 $ 1.82
Investment advisory and services fees        
Revenues:        
Revenue subject to contracts with customers $ 843,978 $ 817,327 $ 1,699,090 $ 1,601,732
Bernstein research services        
Revenues:        
Revenue subject to contracts with customers 0 0 0 96,222
Distribution revenues        
Revenues:        
Revenue subject to contracts with customers 198,367 172,905 397,387 338,595
Promotion and servicing:        
Distribution-related payments $ 197,521 $ 179,908 $ 398,180 $ 352,890