AllianceBernstein (NYSE:AB) unveiled its first-quarter 2026 financial results on Tuesday, April 28, showcasing a significant increase in top-line revenue and a steady expansion of its asset base.
The global investment management firm saw GAAP net revenues rise 11.2% year-over-year to $1.20 billion, while adjusted net revenues reached $871.1 million.
The firm’s assets under management (AUM) ended the quarter at $838.6 billion, representing a 6.9% increase compared to the first quarter of 2025.
This growth was primarily driven by positive market appreciation, which helped offset total net outflows of $7.1 billion during the quarter.
The outflows were largely concentrated in active equities and certain institutional channels, reflecting broader industry trends toward passive and private market alternatives.
AllianceBernstein also reported GAAP net income of $0.92 per unit and adjusted net income of $0.83 per unit.
Reflecting its partnership structure and commitment to unitholder returns, the firm declared a cash distribution of $0.83 per Unit.
The distribution is scheduled to be paid on May 21, 2026, to unitholders of record as of the close of business on May 11, 2026.