AllianceBernstein (AB) Q4 2025 Earnings
Reported Feb 5, 2026 at 6:27 AM ET · SEC Source
Q4 25 EPS
$0.96
BEAT +4.37%
Est. $0.92
Q4 25 Revenue
$89.8M
MISS 90.61%
Est. $956.1M
vs S&P Since Q4 25
-22.0%
TRAILING MARKET
AB -11.1% vs S&P +10.9%
Full Year 2025 Results
FY 25 EPS
$3.33
FY 25 Revenue
$332.8M
Market Reaction
Did AB Beat Earnings? Q4 2025 Results
AllianceBernstein delivered a mixed fourth quarter, posting adjusted earnings of $0.96 per unit to edge past the $0.92 consensus estimate by 4.37%, yet reported revenue of $89.76 million that fell well short of the $956.06 million analysts had antici… Read more AllianceBernstein delivered a mixed fourth quarter, posting adjusted earnings of $0.96 per unit to edge past the $0.92 consensus estimate by 4.37%, yet reported revenue of $89.76 million that fell well short of the $956.06 million analysts had anticipated, a decline of 23.0% year over year. The earnings beat was tempered by a challenging flow environment, as firmwide active net outflows of $9.40 billion, led by $22.50 billion in active equity redemptions, weighed on the quarter even as assets under management reached a record $866.90 billion, lifted by $86.00 billion in market appreciation. Lower performance-based fees and higher compensation costs were the primary culprits behind the earnings pressure, with Q4 adjusted operating expenses rising 1% to $627.00 million. Shares fell roughly 7% in the aftermath, reflecting investor unease over the softer profit trajectory despite the record AUM figure. Looking ahead, management expects to onboard more than $10.00 billion of incremental general account assets from Equitable by year-end 2026, while an institutional pipeline of $19.70 billion offers a potential runway for organic growth.
Key Takeaways
- • Record $866.9 billion AUM up 9.4% year over year driven by market appreciation
- • Tax-exempt fixed income generated $11.6 billion net inflows in 2025, extending 13 consecutive years of organic inflows
- • Private markets AUM reached $82 billion, up 18% year over year
- • Full-year adjusted base management fees grew 5% versus prior year
- • Adjusted operating margins expanded 140 basis points to 33.7% in 2025
- • Private Wealth delivered fifth consecutive year of positive flows with $2.4 billion net inflows and 6% net-new-asset growth
- • Alternatives/multi-asset registered $10.6 billion active net inflows for full year
AB YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“2025 marked a year of disciplined execution and strategic progress for AllianceBernstein as we broadened our platform and deepened client relationships. 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.”
— Seth Bernstein, Q4 2025 Earnings Press Release
AB Earnings Trends
AB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AB EPS Trend
Earnings per share: estimate vs actual
AB Revenue Trend
Quarterly revenue: estimate vs actual
AB Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.83 | $0.83 | -0.50% | $871.1M | -2.63% |
| Q4 25 BEAT FY | $0.92 | $0.96 | +4.37% | $89.8M | -90.61% |
| FY Full Year | — | $3.33 | — | $332.8M | — |
| Q3 25 BEAT | $0.85 | $0.86 | +0.96% | $884.7M | -1.44% |
| Q2 25 BEAT | $0.75 | $0.76 | +1.28% | $1.09B | +30.80% |