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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 988,875 $ 1,193,485 $ 788,619
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred sales commissions 83,514 57,983 36,817
Non-cash long-term incentive compensation expense 211,475 217,220 180,451
Depreciation and other amortization 87,102 91,126 92,113
Non-cash lease expense 71,375 112,458 101,761
(Gain) on divestiture 0 (134,555) 0
(Gain) on assets held for sale 0 0 (800)
Remeasurement of contingent payment arrangements 0 (130,901) 14,050
Retirement plan loss 17,733 14,309 0
Other, net 10,484 28,424 (4,641)
Changes in assets and liabilities:      
Decrease in securities, segregated 983 367,634 654,751
(Increase) decrease in receivables (90,983) (199,288) 629,204
(Increase) in deferred sales commissions (66,108) (153,316) (71,941)
Increase (decrease) in other liabilities of consolidated company-sponsored investment funds 23,565 (10,821) (42,992)
Increase (decrease) in payables 46,015 (388,594) (1,451,280)
(Decrease) increase in accounts payable and accrued expenses (51,852) 86,999 (6,992)
(Decrease) increase in accrued compensation and benefits (26,693) 26,113 (22,848)
Cash payments to relieve operating lease liabilities (66,262) (90,190) (107,738)
Net cash provided by operating activities 1,032,855 1,406,304 872,292
Cash flows from investing activities:      
Purchases of furniture, equipment and leasehold improvements (38,757) (122,330) (33,627)
Divestiture of business (includes $304.0 million in cash proceeds in 2024) 0 (40,196) 0
Capital contribution to equity method investments 0 (39,401) 0
Debt repayment from equity method investments 0 86,200 0
Net cash used in investing activities (38,757) (115,727) (33,627)
Cash flows from financing activities:      
Proceeds from debt, net 100,000   164,316
Repayment of debt, net   (444,316)  
(Decrease) in overdrafts payable 0 (11) 0
Distributions to General Partner and Unitholders (1,123,911) (954,464) (839,271)
Capital contributions (to) AB Holding (83) (770) (2,164)
Purchases of AB Holding Units for long-term incentive compensation plan awards, net (161,708) (157,038) (144,086)
Proceeds from issuance of private units to EQH 0 150,000 0
Other, net (5,459) (9,362) (4,870)
Net cash used in financing activities (1,067,069) (1,597,130) (1,009,320)
Effect of exchange rate changes on cash and cash equivalents 35,511 (20,303) 22,527
Net (decrease) in cash and cash equivalents (37,460) (326,856) (148,128)
Cash and cash equivalents as of beginning of the period 834,033 1,160,889 1,309,017
Cash and cash equivalents as of end of the period 796,573 834,033 1,160,889
Cash paid:      
Interest paid 88,483 125,839 155,335
Income taxes paid 68,675 51,799 57,216
EQH Amended Exchange Agreement      
Non-cash financing activities:      
Retirement of AB Holding Units in connection with the EQH Exchange and Amended Exchange Agreement (820,188) (185,101) 0
Issuance of AB Holding Units in connection with the EQH Exchange and Amended Exchange Agreement 820,188 185,101 0
Excluding company-sponsored investment funds      
Adjustments to reconcile net income to net cash provided by operating activities:      
Unrealized (gains) on investments (10,998) (5,503) (7,810)
Equity losses of equity method investments 31,689 36,551 0
Changes in assets and liabilities:      
(Increase) decrease in investments (16,006) 7,238 (10,656)
(Increase) decrease in other assets (10,992) 13,052 (36,263)
Company-sponsored investment funds      
Adjustments to reconcile net income to net cash provided by operating activities:      
Unrealized (gains) on investments (3,291) (15,898) (48,350)
Changes in assets and liabilities:      
(Increase) decrease in investments (186,451) 272,280 167,712
(Increase) decrease in other assets of consolidated company-sponsored investment funds (10,319) 10,498 19,125
Cash flows from financing activities:      
Subscriptions of non-controlling interests of consolidated company-sponsored investment funds, net $ 124,092    
Redemptions of non-controlling interests of consolidated company-sponsored investment funds, net   $ (181,169) $ (183,245)