ALLIANCEBERNSTEIN L.P. Income Statement

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Financial Statements

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Revenues:
Revenues
Investment Advice
Bernstein research services
Distribution revenues
Dividend and interest income
Investment (losses) gains
Other revenues
Total revenues
Less: Broker-dealer related interest expense
Net revenues
Expenses:
Employee compensation and benefits
Promotion and servicing:
Distribution-related payments
Amortization of deferred sales commissions
Trade execution, marketing, T&E and other
General and administrative
Real estate charges
Contingent payment arrangements
Interest on borrowings
Amortization of intangible assets
Total expenses

Operating income
Gain on divestiture
Non-operating income
Pre-tax Income
Income tax
Net income
Net income of consolidated entities attributable to non-controlling interests
Net income attributable to AB Unitholders
Net income per AB Unit:
Basic (in dollars per share)
Diluted (in dollars per share)

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