earnings
confidence high
sentiment neutral
materiality 0.75
AllianceBernstein Q1 2026: GAAP EPU $0.92 (+37% YoY), net outflows $6.3B
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP net revenues $1.20B (+11% YoY), operating income $326.8M (+38%), GAAP margin 26.1% (up 430 bps).
- Adjusted EPU $0.83 (+3.7% YoY) and cash distribution $0.83 per unit.
- Ending AUM $838.6B (+6.9% YoY); average AUM $865.0B (+8.5% YoY).
- Net active outflows $6.3B; equity outflows $10.9B offset by municipal inflows $3.3B and alternatives/multi-asset inflows $3.4B.
- Adjusted operating margin 33.4% vs 33.7% a year ago, down 30 bps.