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Business Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
Management has assessed the requirements of ASC 280, Segment Reporting, and determined that, because we utilize a consolidated approach to assess performance and allocate resources, we have only one operating segment. We provide diversified investment management, research and related services globally to a broad range of clients through our three distribution channels: Institutions, Retail and Private Wealth Management.

The Chief Operating Decision Maker ("CODM") is the Chief Executive Officer of AB. The CODM evaluates the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources. Significant segment expenses are part of the CODM review and are critically important to understand the level of profitability and overall performance of the company. This assessment will determine the way in which the CODM allocates resources to our respective business operations.

Measurement of Segment Profit or Loss and How the CODM Uses the Reported Measure

The CODM regularly receives financial information and management reports that are prepared on a consolidated basis. When assessing profitability, allocating resources and evaluating the underlying performance of our business, the CODM uses condensed consolidated net income as reported on the condensed consolidated statements of income. In applying the requirements under ASC 280, the company has identified significant segment expenses and other segment items related to our one operating segment. The significant expenses considered by the CODM in evaluating the performance of our business are consistent with the financial information included on the company's condensed consolidated statements of income. The measurement of assets as evaluated by the CODM is reported as "Total assets" on the condensed consolidated statements of financial condition. As an additional measure of segment profit or loss, the CODM considers certain adjustments to condensed consolidated net income. While management uses these additional adjusted metrics in assessing and allocating resources to the business, management recognizes that US GAAP principles are the basis of our performance.

Enterprise-wide disclosures as of and for the three months ended March 31, 2026 and 2025 were as follows:
Services
Net revenues derived from our investment management, research and related services for the three months ended March 31, 2026 and 2025 were as follows:
Three Months Ended March 31,
20262025
(in thousands)
Institutions(1)
$214,593 $172,005 
Retail(1)
613,866 599,972 
Private Wealth Management(1)
313,761 298,797 
Other72,511 27,350 
Total revenues1,214,731 1,098,124 
Less: Broker-dealer related Interest expense13,005 17,517 
Net revenues$1,201,726 $1,080,607 
(1) Institutions, Retail and Private Wealth management revenues by channel include investment advisory base fees, performance-based fees, distribution revenues and shareholder servicing fees by channel.

Our AllianceBernstein U.S. Growth Stock, an open-end fund incorporated in Japan, generated approximately 11% and 12% of our net revenues for the three months ended March 31, 2026 and 2025, respectively.

Geographic Information
Net revenues related to our U.S. and international operations, for the three months ended March 31, 2026 and 2025, were as follows:
Three Months Ended March 31,
20262025
(in thousands)
Net revenues:
United States$708,132 $628,369 
International:
         Luxembourg265,179 264,193 
         Japan135,704 139,829 
Other International92,711 48,216 
     Total International493,594 452,238 
Total $1,201,726 $1,080,607 
Long-lived assets related to our U.S. and international operations, as of March 31, 2026 and December 31, 2025, were as follows:
March 31, 2026December 31, 2025
(in thousands)
Long-lived assets:
United States$4,106,613 $4,184,662 
International48,482 55,929 
Total$4,155,095 $4,240,591 

Major Customers

No single customer or individual client accounted for more than 10% of our total revenues for the three months ended March 31, 2026 and 2025.