ALLIANCEBERNSTEIN HOLDING L.P. AB
The words "we" and "our" in this Form 10-K refer collectively to AB Holding and AB and its subsidiaries, or to their officers and employees. Similarly, the words "company" and "firm" refer to both AB Holding and AB. Where the context requires distinguishing between AB Holding and AB, we identify which company is being discussed. Cross-references are in italics.
We use "global" in this Form 10-K to refer to all nations, including the United States; we use "international" or "non-U.S." to refer to nations other than the United States.
We use "emerging markets" in this Form 10-K to refer to countries included in the Morgan Stanley Capital International ("MSCI") emerging markets index, which include, as of December 31, 2025: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Pre-tax income | $332.8M | $461.9M | $299.8M | $305.5M | $416.3M | $308.4M | $266.3M | $270.6M | $232.4M | $239.4M |
| Income tax | $32.9M | $38.6M | $35.6M | $31.3M | $30.5M | $29.0M | $27.7M | $28.2M | $25.0M | $22.8M |
| Net income | $299.8M | $423.4M | $264.2M | $274.2M | $385.8M | $279.4M | $238.6M | $242.4M | $207.4M | $216.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1.24B | $2.03B | $2.08B | $2.07B | $1.62B | $1.61B | $1.55B | $1.49B | $1.54B | $1.54B |
| Total liabilities | $1.7M | $2.8M | $1.3M | $1.6M | $2.1M | $1.9M | $1.7M | $644.0K | $1.2M | $619.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $352.4M | $340.5M | $294.0M | $362.6M | $355.1M | $270.0M | $222.8M | $279.3M | $202.4M | $169.5M |
| Investing cash flow | — | $0 | $0 | -$1.8M | -$3.4M | -$147.0K | -$11.5M | -$16.6M | -$20.1M | -$6.1M |
| Financing cash flow | -$352.4M | -$340.5M | -$294.0M | -$360.8M | -$351.7M | -$269.9M | -$211.2M | -$262.7M | -$182.3M | -$163.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000825313-26-000020.
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