AllianceBernstein Q4 Revenue $1.22B Beats Expectations
Reports Q4 revenue $1.22B, consensus $956.06M. "2025 marked a year of disciplined execution and strategic progress for AllianceBernstein as we broadened our platform and deepened client relationships," said Seth Bernstein, CEO of AllianceBernstein. "Against a volatile macro backdrop weighing on client sentiment and net flows, we closed the year with a record $867 billion in assets under management and delivered targeted organic growth across structurally growing areas including ultra-high-net-worth, insurance, SMAs, active ETFs, and private markets. While firmwide active net flows turned negative in 2025, with $9.4 billion net outflows driven primarily by $22.5 billion net redemptions in active equities, we accomplished more than $140 billion sales during the year. In active fixed income, our market-leading tax-exempt platform generated $11.6billion net inflows in 2025, offsetting $9.1billion taxable net outflows. Alternatives/multi-asset registered $10.6billion active net inflows, lifting private markets AUM to $82billion, up 18% year over year, and keeping us on track for our 2027 target of $90-$100billion. Full-year 2025 adjusted base management fees grew 5% versus prior-year. Adjusted operating income grew 4% and operating margins expanded 140 basis points to 33.7% in 2025. Full-year adjusted earnings per unit grew 2% and unitholder distributions increased 4% versus prior-year."
