AllianceBernstein Reports Strong Q2 Performance with Record AUM and Improved Earnings
AllianceBernstein Holding L.P. (NYSE:AB) reported strong second-quarter results in 2026, marked by record assets under management of over $905 billion and nearly $800 million in net inflows after four consecutive quarters of outflows. Adjusted earnings rose to $0.82 per unit (+8% YoY), with adjusted operating margin expanding to 33%. Growth was driven primarily by fixed-income, alternatives, and insurance-related mandates, including a significant $9 billion passive mandate from Equitable. The firm also surpassed its private-market AUM target of $91 billion ahead of schedule. AllianceBernstein raised its performance-fee outlook for the year to between $115 million–$135 million while lowering forecasts for non-compensation expenses and tax rates. The company expects potential future growth from a possible Equitable-Corebridge merger, which could add at least $100 billion in assets over time. CEO Seth Bernstein highlighted that Q2 results reinforced the firm’s strategic direction, with strong sales performance and organic growth across key platforms.
Topics: adjusted earnings assets under management fixed income operating margin private markets