ab-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No. 001-09818

ALLIANCEBERNSTEIN HOLDING L.P.

(Exact name of registrant as specified in its charter)


Delaware			13-3434400
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

501 Commerce Street, Nashville, TN 37203

(Address of principal executive offices)

(Zip Code)

(615) 622-0000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes

☒

☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes

☒

☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer	☒	Accelerated filer	☐

Non-accelerated filer	☐	Smaller reporting company	☐

		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):

Yes

☐

☒

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Units Rep. Assignments of Beneficial Ownership of LP Interests in AB Holding ("Units")

New York Stock Exchange

The number of units representing assignments of beneficial ownership of limited partnership interests outstanding as of June 30, 2026 was 93,075,219.*

*includes 100,000 units of general partnership interest having economic interests equivalent to the economic interests of the units representing assignments of beneficial ownership of limited partnership interests.

ALLIANCEBERNSTEIN HOLDING L.P.

Index to Form 10-Q


		Page

	Part I

	FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)

	Condensed Statements of Financial Condition	1

	Condensed Statements of Income	2

	Condensed Statements of Comprehensive Income	3

	Condensed Statements of Changes in Partners' Capital	4

	Condensed Statements of Cash Flows	5

	Notes to Condensed Financial Statements	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14

Item 4.	Controls and Procedures	14

	Part II

	OTHER INFORMATION

Item 1.	Legal Proceedings	15

Item 1A.	Risk Factors	15

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15

Item 3.	Defaults Upon Senior Securities	16

Item 4.	Mine Safety Disclosures	16

Item 5.	Other Information	16

Item 6.	Exhibits	17

SIGNATURE		18


	June 30, 2026		December 31, 2025
ASSETS
Investment in AB	$	1,246,148	$	1,240,042

Other assets	44		—
Total assets	$	1,246,192	$	1,240,042

LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:

Other liabilities	$	1,026	$	1,664
Total liabilities	1,026		1,664

Commitments and contingencies (See Note 8)

Partners’ capital:
General Partner: 100,000 general partnership units issued and outstanding	1,345		1,355
Limited partners: 92,975,219 and 92,184,367 limited partnership units issued and outstanding	1,298,539		1,277,569
AB Holding Units held by AB for long-term incentive compensation plans	(34,789)		(22,682)
Accumulated other comprehensive loss	(19,929)		(17,864)
Total partners’ capital	1,245,166		1,238,378
Total liabilities and partners’ capital	$	1,246,192	$	1,240,042


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Equity in net income attributable to AB Unitholders	$	79,997	$	78,830	$	172,252	$	161,583

Income taxes	8,280		8,582		15,297		17,301

Net income	$	71,717	$	70,248	$	156,955	$	144,282


Net income per Unit	$	0.77	$	0.64	$	1.69	$	1.31


EQH and its subsidiaries	68.0	%
AB Holding	31.3
Unaffiliated holders	0.7
	100.0	%


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands, except per unit amounts)

Net income	$	71,717	$	70,248	$	156,955	$	144,282



Weighted average units outstanding	93,304		110,495		92,907		110,553



Net income per Unit	$	0.77	$	0.64	$	1.69	$	1.31


Investment in AB as of December 31, 2025	$	1,240,042
Equity in net income attributable to AB Unitholders	172,252
Changes in accumulated other comprehensive (loss)	(2,065)
Cash distributions received (from) AB	(181,417)


Capital contributions (from) AB	(1,523)
AB Holding Units (retired)	(21,502)
AB Holding Units issued for long-term incentive compensation plans	52,468

Change in AB Holding Units held by AB for long-term incentive compensation plans	(12,107)


Investment in AB as of June 30, 2026	$	1,246,148


Outstanding as of December 31, 2025			92,284,367

Units issued			1,372,554
Units retired			(581,702)
Outstanding as of June 30, 2026			93,075,219


	Three Months Ended June 30,								Six Months Ended June 30,
	2026			2025			% Change		2026			2025			% Change
	(in thousands)								(in thousands)
Net income attributable to AB Unitholders	$	255,222		$	210,467		21.3	%	$	550,707		$	431,266		27.7	%
Multiplied by: weighted average equity ownership interest	31.3		%	37.5		%			31.3		%	37.5		%
Equity in net income attributable to AB Unitholders	$	79,997		$	78,830		1.5		$	172,252		$	161,583		6.6

AB qualifying revenues	$	768,039		$	711,826		7.9		$	1,540,569		$	1,412,596		9.1
Multiplied by: weighted average equity ownership interest for calculating tax	30.0		%	33.6		%			27.7		%	34.1		%
Multiplied by: federal tax	3.5		%	3.5		%			3.5		%	3.5		%
Federal income taxes	8,059			8,383					14,926			16,869
State income taxes	221			199					371			432
Total income taxes	$	8,280		$	8,582		(3.5	%)	$	15,297		$	17,301		(11.6	%)

Effective tax rate	10.4		%	10.9		%			8.9		%	10.7		%


Period	Total Number of AB Holding Units Purchased	Average Price Paid Per AB Holding Unit, Net of Commissions		Total Number of AB Holding Units Purchased as Part of Publicly Announced Plans or Programs	Maximum Number (or Approximate Dollar Value) of AB Holding Units that May Yet Be Purchased Under the Plans or Programs
4/1/26 - 4/30/26 (1)(2)	97,422	$	37.58	—	—
5/1/26 - 5/31/26 (2)	182,154	38.40		—	—
6/1/26 - 6/30/26(1)(2)	253,224	36.18		—	—
Total	532,800	$	37.20	—	—


Period	Total Number of AB Units Purchased	Average Price Paid Per AB Unit, net of Commissions		Total Number of AB Units Purchased as Part of Publicly Announced Plans or Programs	Maximum Number (or Approximate Dollar Value) of AB Units that May Yet Be Purchased Under the Plans or Programs
4/1/26 - 4/30/26	—	—		—	—
5/1/26 - 5/31/26	—	—		—	—
6/1/26 - 6/30/26(1)	2,200	$	37.11	—	—
Total	2,200	$	37.11	—	—



31.1			Certification of Mr. Bernstein furnished pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2			Certification of Mr. Simeone furnished pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1			Certification of Mr. Bernstein furnished for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2			Certification of Mr. Simeone furnished for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

99.1			Part I, Items 1 through 4 of the AllianceBernstein L.P. Quarterly Report on Form 10-Q for the quarter ended June 3 0 , 2026.

101.INS			XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

101.SCH			XBRL Taxonomy Extension Schema.

101.CAL			XBRL Taxonomy Extension Calculation Linkbase.

101.LAB			XBRL Taxonomy Extension Label Linkbase.

101.PRE			XBRL Taxonomy Extension Presentation Linkbase.

101.DEF			XBRL Taxonomy Extension Definition Linkbase.

104			The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, formatted in Inline XBRL (included in Exhibit 101).


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Net income	$	71,717	$	70,248	$	156,955	$	144,282
Other comprehensive (loss) income:
Foreign currency translation adjustment, before tax	(120)		9,867		(2,019)		13,868


Income tax (expense)	(13)		(88)		(46)		(70)
Foreign currency translation adjustments, net of tax	(133)		9,779		(2,065)		13,798






Changes in employee benefit related items:
Amortization of prior service cost	—		—		—		229

Less: reclassification adjustment for (losses) included in net income upon retirement plan liquidation	—		—		—		(8,578)

Changes in employee benefit related items	—		—		—		8,807
Income tax (expense)	—		—		—		(55)
Employee benefit related items, net of tax	—		—		—		8,752

Other comprehensive (loss) income	(133)		9,779		(2,065)		22,550
Comprehensive income	$	71,584	$	80,027	$	154,890	$	166,832


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
	(in thousands, except per Unit amounts)

AB non-GAAP adjustments (1)	$	13,877		$	39,228		$	(15,800)		$	79,364
AB income tax benefit (expense) on non-GAAP adjustments	190			(2,836)			2,615			(5,248)
AB non-GAAP adjustments, after taxes	14,067			36,392			(13,185)			74,116
AB Holding’s weighted average equity ownership interest in AB	31.3		%	37.5		%	31.3		%	37.5		%
Impact on AB Holding’s net income of AB non-GAAP adjustments	$	4,409		$	13,630		$	(4,124)		$	27,769

Net income, GAAP basis	$	71,717		$	70,248		$	156,955		$	144,282
Impact on AB Holding’s net income of AB non-GAAP adjustments	4,409			13,630			(4,124)			27,769
Adjusted net income	$	76,126		$	83,878		$	152,831		$	172,051


Net income per AB Holding Unit, GAAP basis	$	0.77		$	0.64		$	1.69		$	1.31
Impact of AB non-GAAP adjustments	0.05			0.12			(0.05)			0.25
Adjusted net income per AB Holding Unit	$	0.82		$	0.76		$	1.64		$	1.56


Date: July 31, 2026	ALLIANCEBERNSTEIN HOLDING L.P.

	By:	/s/ Thomas Simeone
		Thomas Simeone
		Chief Financial Officer

	By:	/s/ Alexis Luckey
		Alexis Luckey
		Chief Accounting Officer