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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 581,006 $ 428,982
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred sales commissions 42,651 41,311
Non-cash long-term incentive compensation expense 22,647 10,809
Depreciation and other amortization 44,394 43,003
Non-cash lease expense 36,875 35,085
Retirement plan loss 0 20,756
Retirement plan funding 0 (1,700)
Other, net 6,026 3,663
Changes in assets and liabilities:    
Decrease in securities, segregated 270,532 16,808
(Increase) decrease in receivables (117,042) 69,369
(Increase) in deferred sales commissions (19,851) (35,214)
Increase in other liabilities of consolidated company-sponsored investment funds 3,229 35,217
Increase (decrease) in payables 52,054 (36,650)
(Decrease) in accounts payable and accrued expenses (104,664) (11,975)
Increase in accrued compensation and benefits 225,881 187,325
Cash payments to relieve operating lease liabilities (33,661) (32,682)
Net cash provided by operating activities 950,096 489,815
Cash flows from investing activities:    
Purchases of furniture, equipment and leasehold improvements (21,010) (18,157)
Net cash (used in) investing activities (21,010) (18,157)
Cash flows from financing activities:    
(Repayment of) debt, net (230,000) (60,000)
Distributions to General Partner and Unitholders (579,190) (599,035)
Capital contributions (to) AB Holding (1,523) (1,307)
Purchases of AB Holding Units for long-term incentive compensation plan awards, net (27,751) (43,646)
Other, net (1,283) (3,318)
Net cash (used in) financing activities (818,203) (491,720)
Effect of exchange rate changes on cash and cash equivalents (5,133) 40,776
Net increase in cash and cash equivalents 105,750 20,714
Cash and cash equivalents as of beginning of the period 796,573 834,033
Cash and cash equivalents as of end of the period 902,323 854,747
Excluding Company-Sponsored Investment Funds    
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized (gains) on investments (4,277) (3,823)
(Gains) losses on equity method investments (43,962) 16,652
Changes in assets and liabilities:    
Decrease (increase) in investments 146,520 2,156
(Increase) decrease in other assets (53,158) 14,872
Company-Sponsored Investment Funds    
Changes in assets and liabilities:    
Decrease (increase) in investments (100,606) (302,058)
(Increase) in other assets of consolidated company-sponsored investment funds (4,498) (12,091)
Cash flows from financing activities:    
Third-party capital invested into consolidated company-sponsored investment funds, net $ 21,544 $ 215,586