AllianceBernstein reported second-quarter 2026 results with GAAP net income per unit of $0.77 and adjusted net income per unit of $0.82, while declaring a cash distribution of $0.82 per unit. Net revenues (GAAP) were $1.171 billion and adjusted net revenues were $887.5 million for the quarter ended June 30, 2026. Total assets under management reached a record $905.5 billion at quarter-end driven by strong sales and investment performance.

Financial Highlights

  • Net revenues (GAAP): $1,171,004 thousand for 2Q 2026 (up 7.5% year-over-year).
  • Adjusted net revenues (non-GAAP): $887,547 thousand for 2Q 2026 (up 5.1% year-over-year).
  • Operating income (GAAP): $289,152 thousand for 2Q 2026 (up 30.2% year-over-year); GAAP operating margin 23.2%.
  • Adjusted operating income (non-GAAP): $292,980 thousand for 2Q 2026 with adjusted operating margin of 33.0% (70 bps improvement year-over-year).
  • Net income per unit (GAAP): $0.77; Adjusted net income per unit: $0.82. Cash distribution per unit declared: $0.82 payable Aug 27, 2026 (record date Aug 12, 2026).

Business Highlights

  • Assets under management reached $905.5 billion as of June 30, 2026, up $66.9 billion from March 31, 2026 and up $76.4 billion year-over-year.
  • Total net inflows were $0.8 billion in 2Q 2026, driven by retail ($0.9 billion) and institutional ($0.6 billion) net inflows, partially offset by private wealth outflows ($0.7 billion).
  • Retail gross sales hit a record $31.0 billion for the quarter, led by tax-efficient SMAs and a passive $9 billion retail sub-advisory fixed income mandate.
  • Alternatives/Multi-Asset Solutions continued growth with over $4 billion of net inflows, marking the sixth consecutive quarter of organic growth for the asset class and stronger institutional private markets deployments.
  • Sales momentum was broad-based across ultra-high-net-worth, SMAs, active ETFs, insurance and private markets, and the institutional pipeline stood at approximately $25.8 billion (awarded but unfunded) at quarter-end.

Original SEC Filing:

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