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AllianceBernstein (AB)
NYSE:AB
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.88Last Year’s EPS
0.8Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: meaningful strategic and operational progress (record AUM, private markets scaling +18% YoY, margin expansion to 33.7%, strong private wealth and muni growth) alongside significant distribution and performance challenges (net outflows of $9.4B, $22.5B active equity outflows, weakened public equity performance and a 24% decline in performance fees). Management is pursuing disciplined expense control and targeted investments (Equitable partnership, new tech platform, commercial mortgage build-out) to offset flow and performance headwinds, but near-term implementation costs and mix effects may weigh on fee income and margins before long-term benefits are realized.Company Guidance
Record Assets Under Management
Firm-wide AUM reached a record $867 billion at year-end 2025, reflecting market appreciation, strong sales, and organic growth across key channels.
Private Markets Growth and Scale
Private markets AUM reached $82 billion, up 18% year-over-year, driven by ~ $9 billion of deployments in 2025; firm reiterated a $90–$100 billion private markets target for 2027 and expects private market strategies to contribute $70–$80 million in performance fees in 2026.
Bernstein Private Wealth Strength
Bernstein Private Wealth managed $156 billion in AUM, contributed roughly 37% of firm-wide revenues in 2025, and delivered net new client asset growth of 7% in Q4 and 6% for the full year (annual organic growth ~2%).
SMA and Active ETF Momentum
SMA franchise AUM was $62 billion, growing 12% organically in 2025; active ETF suite expanded to $14 billion across 24 strategies, delivering 65% organic growth in 2025 (excluding conversions).
Tax-Exempt and Alternatives Inflows
Tax-exempt franchise recorded $3.9 billion of inflows in Q4 and $11.6 billion for the year (13 consecutive years of organic growth). Alternatives and multi-asset strategies posted $1.9 billion inflows in Q4 and $10.6 billion for the full year.
Strong Profitability and Margin Expansion
Adjusted operating margin expanded to 33.7% for the year (34.5% in Q4), at the upper end of the 30%–35% Investor Day target; full-year adjusted earnings per unit were $3.33, up 2% year-over-year, and full-year distributions were $3.38, up 4%.
Expense Discipline and Operational Efficiency
Full-year operating expenses declined 2% to $2.3 billion; noncompensation operating expenses were $599 million (below prior guidance). Full-year compensation ratio of 48.3% modestly better than prior guidance (48.5%).
Strategic Partnership with Equitable
Expanded collaboration with Equitable, including plans to onboard more than $10 billion of long-duration commercial mortgage assets by year-end 2026 and grow insurance-tailored assets to over $20 billion; general account assets grew 36% year-over-year and AB manages over $59 billion for 90+ third-party insurance clients.
Fixed Income and Benchmark Outperformance
Fixed income markets were favorable in 2025 (Bloomberg US Aggregate +7.3% for 2025; global high yield +10% for 2025). AB reported 86% of AUM outperformed over 1- and 3-year periods and 67% over 5 years (strong muni and higher-quality fixed income results).
AB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $42.45 | $42.36 | -0.21% |
Oct 23, 2025 | $38.51 | $38.47 | -0.10% |
Jul 24, 2025 | $40.11 | $41.07 | +2.39% |
Apr 24, 2025 | $34.69 | $35.62 | +2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AllianceBernstein (AB) report earnings?
AllianceBernstein (AB) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is AllianceBernstein (AB) earnings time?
AllianceBernstein (AB) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AB EPS forecast?
AB EPS forecast for the fiscal quarter 2026 (Q1) is 0.88.