AllianceBernstein (AB)
NYSE:AB
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
0.76Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but resilient picture: AB highlighted material strategic progress (notably the Equitable Corebridge opportunity), meaningful private markets and ETF growth, record institutional pipeline, modest revenue and adjusted EPS growth (+4% YoY), and sustained strength in private wealth and SMAs. Offsetting these positives were significant active equity outflows (~$11B) and retail redemptions (nearly $6B), pressured public equity performance metrics, a lower firm fee rate (38.1 bps) from mix shifts, and light near-term private markets realizations. Management emphasized confidence in medium-term growth drivers and reiterated targets while acknowledging near-term performance and flow challenges.Company Guidance
Strategic Equitable Corebridge Transaction
Proposed merger with Equitable Corebridge positions AB with a combined newCo general account base >$350 billion, expected to generate $70–$80 billion of new liabilities annually and AB expects to manage at least $100 billion of general and separate account assets over time; deal expected to close ~late 2026 with funding more likely in 2027 and beyond.
Strong Private Markets Momentum
Private markets platform reached $85 billion AUM, up 13% year-over-year, supported by Equitable's $20 billion permanent capital (now fully deployed); company reiterates $90–$100 billion private markets AUM target by 2027.
Record Institutional Pipeline
Institutional pipeline reached a record $27.5 billion in AUM (including $9 billion in new commitments); pipeline fee rate ~19 bps overall and ~23 bps for active AUM (excluding ~$5 billion of passive mandates).
Private Wealth and Adviser Growth
Bernstein Private Wealth ended the quarter with $155 billion AUM (contributing >1/3 of firm revenues); adviser headcount up ~5% with recruiting ahead of the 5% annual growth target and recent addition of ~14 advisers; private wealth gross sales set multi-quarter records with organic inflows and low redemption pressure (private credit redemptions well below 2.5% cap).
ETF Franchise Expansion
Active ETF lineup grew to 25 strategies with >$16 billion AUM (up >150% YoY); eight ETFs surpassed $1 billion AUM; thematic 'security of the future' portfolio >$4 billion (nearly triple YoY) with $1.7 billion of inflows in Q1; domestic ETF monthly run rate approaching $0.5 billion net flows.
SMA and Tax-Optimized Fixed Income Traction
SMA business at $63 billion and growing organically at a 15% annualized rate in Q1; retail muni SMA platform has consecutive positive quarterly inflows for over three years and a recently funded $300 million taxable fixed income SMA mandate highlighted.
Improving Financial Results and Upgraded Performance Fee Outlook
Adjusted earnings per unit $0.83, up 4% YoY; net revenues $871 million, up 4% YoY; base fees +5% YoY with average AUM +8% YoY; operating income $291 million, up 3% YoY; adjusted operating margin 33.4% (within 30–35% Investor Day target). Full-year combined performance fee guidance increased to $95–$115 million (from $80–$100M), with public market performance fee outlook raised to $25–$35 million.
Insurance Franchise Growth and Expanded Commitments
AB now serves >90 third-party insurance clients with $58 billion AUM (including $32 billion general account); Equitable increased its commercial mortgage loan commitment to $12 billion (from $10B) with onboarding expected in H2 2026, and deployments from strategic insurance partnerships progressing ahead of schedule.
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 |
|---|---|---|---|
Apr 28, 2026 | $38.07 | $38.43 | +0.95% |
Feb 05, 2026 | $41.45 | $41.36 | -0.21% |
Oct 23, 2025 | $37.60 | $37.56 | -0.10% |
Jul 24, 2025 | $39.17 | $40.11 | +2.39% |
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 Jul 23, 2026, Before Open (Confirmed).
What is AllianceBernstein (AB) earnings time?
AllianceBernstein (AB) earnings time is at Jul 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 (Q2) is 0.82.