25 unchanged sentences
(in thousands, except per unit amounts)
−Removed: Three Months Ended March 31,
+Added: Three Months Ended June 30, Six Months Ended June 30,
+Added: 2026 2025 2026 2025
Equity in net income attributable to AB Unitholders $ 79,997 $ 78,830 $ 172,252 $ 161,583
6 unchanged sentences
(in thousands)
−Removed: Three Months Ended March 31,
+Added: Three Months Ended June 30, Six Months Ended June 30,
+Added: 2026 2025 2026 2025
Net income $ 71,717 $ 70,248 $ 156,955 $ 144,282
1 unchanged sentence
Foreign currency translation adjustment, before tax ( 120 ) 9,867 ( 2,019 ) 13,868
−Removed: Income tax (expense) benefit ( 33 ) 18
+Added: Income tax (expense) ( 13 ) ( 88 ) ( 46 ) ( 70 )
Foreign currency translation adjustments, net of tax ( 133 ) 9,779 ( 2,065 ) 13,798
11 unchanged sentences
(in thousands)
−Removed: Three Months Ended March 31,
+Added: Three Months Ended June 30, Six Months Ended June 30,
+Added: 2026 2025 2026 2025
General Partner’s Capital
24 unchanged sentences
(in thousands)
−Removed: Three Months Ended March 31,
+Added: Six Months Ended June 30,
Cash flows from operating activities:
17 unchanged sentences
Notes to Condensed Financial Statements
−Removed: March 31, 2026
+Added: June 30, 2026
The words “we” and “our” refer collectively to AllianceBernstein Holding L.P.
27 unchanged sentences
AllianceBernstein Corporation owns 100,000 general partnership units in AB Holding and a 1.0 % general partnership interest in AB.
−Removed: As of March 31, 2026, the ownership structure of AB, expressed as a percentage of general and limited partnership interests, was as follows:
+Added: As of June 30, 2026, the ownership structure of AB, expressed as a percentage of general and limited partnership interests, was as follows:
EQH and its subsidiaries 68.0 %
1 unchanged sentence
Unaffiliated holders 0.7
−Removed: Including both the general partnership and limited partnership interests in AB Holding and AB, EQH and its subsidiaries had an approximate 68.0 % economic interest in AB as of March 31, 2026.
+Added: Including both the general partnership and limited partnership interests in AB Holding and AB, EQH and its subsidiaries had an approximate 68.1 % economic interest in AB as of June 30, 2026.
Basis of Presentation
14 unchanged sentences
Available Cash Flow is defined as the cash distributions AB Holding receives from AB minus such amounts as the General Partner determines, in its sole discretion, should be retained by AB Holding for use in its business (such as the payment of taxes) or plus such amounts as the General Partner determines, in its sole discretion, should be released from previously retained cash flow.
−Removed: On April 28, 2026, the General Partner declared a distribution of $ 0.83 per Unit, representing a distribution of Available Cash Flow for the three months ended March 31, 2026.
+Added: On July 28, 2026, the General Partner declared a distribution of $ 0.82 per Unit, representing a distribution of Available Cash Flow for the three months ended June 30, 2026.
Each general partnership unit in AB Holding is entitled to receive distributions equal to those received by each AB Holding Unit.
−Removed: The distribution is payable on May 21, 2026 to holders of record at the close of business on May 8, 2026.
+Added: The distribution is payable on August 27, 2026 to holders of record at the close of business on August 12, 2026.
Long-term Incentive Compensation Plans
3 unchanged sentences
AB Holding Units held in the consolidated rabbi trust are corporate assets in the name of the trust and are available to the general creditors of AB.
−Removed: Repurchases of AB Holding Units for the three months ended March 31, 2026 and 2025 consisted of the following:
−Removed: Three Months Ended March 31,
+Added: Repurchases of AB Holding Units for the three and six months ended June 30, 2026 and 2025 consisted of the following:
+Added: Three Months Ended June 30, Six Months Ended June 30,
+Added: 2026 2025 2026 2025
(in millions)
Total amount of AB Holding Units Purchased/Retained (1)
+Added: 0.6 0.4 0.8 1.2
Total Cash Paid for AB Holding Units Purchased/Retained (1)
+Added: $ 19.9 $ 13.2 $ 28.7 $ 43.7
Open Market Purchases of AB Holding Units Purchased (1)
+Added: 0.5 0.3 0.6 1.0
Total Cash Paid for Open Market Purchases of AB Holding Units (1)
+Added: $ 16.9 $ 12.3 $ 21.6 $ 38.4
(1) Purchased on a trade date basis.
4 unchanged sentences
Repurchases are subject to regulations promulgated by the SEC as well as certain price, market volume and timing constraints specified in the plan.
−Removed: The plan adopted during the first quarter of 2026 expired at the close of business on April 27, 2026.
+Added: The plan adopted during the second quarter of 2026 expired at the close of business on July 27, 2026.
AB may adopt additional plans in the future to engage in open-market purchases of AB Holding Units for anticipated obligations under its incentive compensation award program and for other corporate purposes.
−Removed: During the first three months of 2026 and 2025, AB awarded to employees and Eligible Directors 1.4 million and 1.0 million restricted AB Holding Unit awards, respectively.
+Added: During the first six months of 2026 and 2025, AB awarded to employees and Eligible Directors 1.6 million and 1.2 million restricted AB Holding Unit awards, respectively.
AB used AB Holding Units repurchased during the applicable period and newly-issued AB Holding Units for these restricted AB Holding Unit awards.
2 unchanged sentences
Diluted net income per Unit is equivalent to net income per Unit, as there are no outstanding instruments that have a dilutive effect.
−Removed: Three Months Ended
+Added: Three Months Ended June 30, Six Months Ended
+Added: 2026 2025 2026 2025
(in thousands, except per unit amounts)
3 unchanged sentences
Investment in AB
−Removed: Changes in AB Holding’s investment in AB during the three-month period ended March 31, 2026 are as follows (in thousands):
+Added: Changes in AB Holding’s investment in AB during the six-month period ended June 30, 2026 are as follows (in thousands):
Investment in AB as of December 31, 2025 $ 1,240,042
Equity in net income attributable to AB Unitholders 172,252
−Removed: Changes in accumulated other comprehensive income ( 1,932 )
+Added: Changes in accumulated other comprehensive (loss) ( 2,065 )
Cash distributions received (from) AB ( 181,417 )
3 unchanged sentences
Change in AB Holding Units held by AB for long-term incentive compensation plans ( 12,107 )
−Removed: Investment in AB as of March 31, 2026 $ 1,261,074
+Added: Investment in AB as of June 30, 2026 $ 1,246,148
Units Outstanding
−Removed: Changes in AB Holding Units outstanding during the three-month period ended March 31, 2026 are as follows:
+Added: Changes in AB Holding Units outstanding during the six-month period ended June 30, 2026 are as follows:
Outstanding as of December 31, 2025 92,284,367
1 unchanged sentence
Units retired ( 581,702 )
−Removed: Outstanding as of March 31, 2026 93,403,853
+Added: Outstanding as of June 30, 2026 93,075,219
AB Holding is a publicly-traded partnership ("PTP") for federal tax purposes and, accordingly, is not subject to federal or state corporate income taxes.
6 unchanged sentences
Three Months Ended
−Removed: 2026 2025 % Change
−Removed: (in thousands)
+Added: June 30, Six Months Ended
+Added: 2026 2025 % Change 2026 2025 % Change
+Added: (in thousands) (in thousands)
Net income attributable to AB Unitholders $ 255,222 $ 210,467 21.3 % $ 550,707 $ 431,266 27.7 %
25 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.