AB

MKT CAP:$4B

AllianceBernstein Holding L.P.

Market Cap

$4B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$39.06+$0.42 (+1.09%)

Apr 22, 2026

Company Details

AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions,...

CEO

Seth Perry Bernstein

IPO Date

Apr 14, 1988

Website

www.alliancebernstein.com

Key Metrics TTM

Revenue

$333M

-28.0% YoY

Net Income

$300M

EPS (Diluted)

$3.00

Free Cash Flow

$352M

Revenue / Share

$3.67

Gross Margin

100.0%

Operating Margin

100.0%

Net Margin

90.1%

FCF Margin

105.9%

P/S

12.9x

P/E

14.3x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 12, 2026

$333MEPS $2.97

Q4 2025

Feb 12, 2026

$90M-23.0%EPS $0.90

Q3 2025

Oct 23, 2025

$81M-40.3%EPS $0.79

Q2 2025

Jul 24, 2025

$79M-35.8%EPS $0.64

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$94M	$94M	$94M
Q2 22	$75M	$75M	$75M
Q3 22	$64M	$64M	$64M
Q4 22	$72M	$72M	$72M
Q1 23	$76M	$76M	$76M
Q2 23	$69M	$69M	$69M
Q3 23	$66M	$66M	$66M
Q4 23	$89M	$89M	$89M
Q1 24	$86M	$86M	$86M
Q2 24	$123M	$123M	$123M
Q3 24	$136M	$136M	$136M
Q4 24	$117M	$117M	$117M
Q1 25	$83M	$83M	$83M
Q2 25	$79M	$79M	$79M
Q3 25	$81M	$81M	$81M
Q4 25	$90M	$90M	$90M

Valuation

Quarter	P/S	P/E
Q1 22	10.2x	11.0x
Q2 22	10.7x	11.7x
Q3 22	11.7x	12.8x
Q4 22	14.1x	15.7x
Q1 23	14.9x	16.8x
Q2 23	15.3x	17.3x
Q3 23	15.2x	17.3x
Q4 23	14.3x	16.3x
Q1 24	13.9x	15.7x
Q2 24	11.8x	13.1x
Q3 24	9.9x	10.8x
Q4 24	9.3x	10.1x
Q1 25	9.4x	10.2x
Q2 25	10.4x	11.4x
Q3 25	11.9x	13.3x
Q4 25	12.9x	14.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$127M	$127M
Q2 22	$91M	$91M
Q3 22	$71M	$71M
Q4 22	$74M	$74M
Q1 23	$78M	$78M
Q2 23	$74M	$74M
Q3 23	$69M	$69M
Q4 23	$73M	$73M
Q1 24	$88M	$88M
Q2 24	$84M	$84M
Q3 24	$81M	$81M
Q4 24	$87M	$87M
Q1 25	$115M	$115M
Q2 25	$89M	$89M
Q3 25	$71M	$71M
Q4 25	$77M	$77M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+6.1%	—
Q2 22	-22.6%	—
Q3 22	-33.4%	—
Q4 22	-46.4%	—
Q1 23	-19.0%	—
Q2 23	-8.3%	—
Q3 23	+2.9%	—
Q4 23	+23.1%	—
Q1 24	+13.0%	—
Q2 24	+77.5%	—
Q3 24	+107.4%	—
Q4 24	+31.7%	—
Q1 25	-4.1%	—
Q2 25	-35.8%	—
Q3 25	-40.3%	—
Q4 25	-23.0%	—

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	-$2M	-1.2%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q3 24	$136M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$0	$0	$0
Q2 22	$0	$0	$0
Q3 22	$0	$0	$0
Q4 22	$0	$0	$0
Q1 23	$0	$0	$0
Q2 23	$0	$0	$0
Q3 23	$0	$0	$0
Q4 23	$0	$0	$0
Q1 24	$0	$0	$0
Q2 24	$0	$0	$0
Q3 24	$0	$0	$0
Q4 24	$832M	$0	$832M
Q1 25	$0	$0	$0
Q2 25	$0	$0	$0
Q3 25	$0	$0	$0
Q4 25	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	99M	+0.7%	-1.0%
Q2 22	99M	-0.4%	-1.4%
Q3 22	100M	+1.7%	+1.1%
Q4 22	108M	+8.0%	+10.2%
Q1 23	114M	+4.7%	+14.5%
Q2 23	113M	-0.0%	+14.9%
Q3 23	113M	-0.3%	+12.7%
Q4 23	112M	-1.4%	+2.9%
Q1 24	115M	+2.8%	+1.0%
Q2 24	115M	+0.3%	+1.4%
Q3 24	114M	-0.9%	+0.8%
Q4 24	114M	0.0%	+2.2%
Q1 25	111M	-3.0%	-3.6%
Q2 25	111M	0.0%	-3.8%
Q3 25	93M	-16.1%	-18.6%
Q4 25	91M	-2.4%	-20.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$22.9K	4K
Q2 22	$18.3K	4K
Q3 22	$15.5K	4K
Q4 22	$16.2K	4K
Q1 23	$17.2K	4K
Q2 23	$15.6K	4K
Q3 23	$14.8K	4K
Q4 23	$18.8K	5K
Q1 24	$18.3K	5K
Q2 24	$26.1K	5K
Q3 24	$29.0K	5K
Q4 24	$24.8K	5K
Q1 25	$17.6K	5K
Q2 25	$16.7K	5K
Q3 25	$17.3K	5K
Q4 25	$20.1K	4K

Revenue / Employee