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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash flows from operating activities:      
Net income $ 308,636 $ 221,694  
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred sales commissions 21,495 20,161  
Non-cash long-term incentive compensation expense 8,807 7,554  
Depreciation and other amortization 22,036 21,440  
Non-cash lease expense 20,169 17,305  
Retirement plan loss 0 20,756  
Retirement plan funding 0 (1,700)  
Other, net 10,528 (4,227)  
Changes in assets and liabilities:      
Decrease (increase) in securities, segregated 147,677 (272,256)  
(Increase) decrease in receivables (21,232) 104,484  
(Increase) in deferred sales commissions (11,082) (28,361)  
Increase in other liabilities of consolidated company-sponsored investment funds 8,168 17,182  
Increase in payables 13,843 224,090  
(Decrease) in accounts payable and accrued expenses (86,412) (12,042)  
Increase in accrued compensation and benefits 33,570 3,877  
Cash payments to relieve operating lease liabilities (17,315) (15,892)  
Net cash provided by operating activities 460,631 148,816  
Cash flows from investing activities:      
Purchases of furniture, equipment and leasehold improvements (10,319) (7,478)  
Net cash (used in) investing activities (10,319) (7,478)  
Cash flows from financing activities:      
Repayment of debt, net (105,000)    
Proceeds from debt, net   30,000  
Distributions to General Partner and Unitholders (311,714) (339,628)  
Capital contributions (to) AB Holding (493) (1,109)  
Purchases of AB Holding Units for long-term incentive compensation plan awards, net (7,411) (29,475)  
Other, net (3,266) (2,730)  
Net cash (used in) financing activities (364,351) (190,670)  
Effect of exchange rate changes on cash and cash equivalents (5,341) 12,823  
Net increase (decrease) in cash and cash equivalents 80,620 (36,509)  
Cash and cash equivalents as of beginning of the period 796,573 834,033 $ 834,033
Cash and cash equivalents as of end of the period 877,193 797,524 $ 796,573
Excluding Company-Sponsored Investment Funds      
Adjustments to reconcile net income to net cash provided by operating activities:      
Unrealized (gains) losses on investments (6,279) 4,758  
(Gains) losses on equity method investments (41,098) 6,073  
Changes in assets and liabilities:      
Decrease (increase) in investments 144,895 (29,238)  
(Increase) decrease in other assets (23,230) 41,034  
Company-Sponsored Investment Funds      
Adjustments to reconcile net income to net cash provided by operating activities:      
Unrealized (gains) losses on investments 11,275 1,744  
Changes in assets and liabilities:      
Decrease (increase) in investments (80,266) (202,080)  
(Increase) decrease in other assets of consolidated company-sponsored investment funds (3,554) 2,460  
Cash flows from financing activities:      
Terminations of non-controlling interest in consolidated company-sponsored investment funds, net $ 63,533 $ 152,272