AllianceBernstein reports Q2 adjusted EPS 76c, consensus 75c

Reports Q2 adjusted revenue $844.43M, consensus $832.48M. “Investors navigated a turbulent landscape marked by escalating geopolitical tensions, trade policy uncertainties and apprehensions surrounding debt sustainability throughout the second quarter of 2025,” said Seth Bernstein, president and CEO of AllianceBernstein (AB). “Despite these challenges, investor sentiment improved as tensions eased and risk assets yielded positive returns. As the quarter drew to a close, our assets under management reached a record high of $829 billion, with private wealth constituting 17% of our total asset base and EQH general account assets representing nearly 10% of our $685 billion asset management business. Firm-wide net flows shifted to negative territory, as the challenging macroeconomic environment disrupted the positive momentum from recent quarters. Active net outflows amounted to $4.8 billion, primarily concentrated in April, before gradually transitioning to inflows by June as macroeconomic conditions stabilized and the pipeline AUM expanded to nearly $22 billion. Compared to prior year, investment advisory base fees grew 4%, adjusted operating income increased 7% and adjusted operating margin of 32.3% expanded by 150 bps. Adjusted earnings per Unit and distributions to Unitholders rose 7%.”