S&P 500
7,633.20
+0.31%
Dow Jones
53,893.00
+1.14%
Nasdaq 100
29,106.20
+0.99%
Russell 2000
2,995.41
+0.37%
FTSE 100
10,904.40
+0.20%
Nikkei 225
64,309.90
+1.28%
AllianceBernstein

AllianceBernstein (AB) Q2 2026 Earnings

Reported Jul 28, 2026 at 6:23 AM ET · SEC Source

Q2 26 EPS

$0.82

MISS 1.35%

Est. $0.83

Q2 26 Revenue

$1.17B

BEAT +29.01%

Est. $907.7M

vs S&P Since Q2 26

-6.3%

TRAILING MARKET

AB -2.2% vs S&P +4.1%

Market Reaction

Did AB Beat Earnings? Q2 2026 Results

AllianceBernstein Holding L.P. Delivered a mixed second quarter for fiscal 2026, posting earnings per unit of $0.82 that came in just shy of the $0.83 consensus estimate, a 1.35% miss, while revenue of $1.17 billion cleared Wall Street's $907.67 mill… Read more AllianceBernstein Holding L.P. Delivered a mixed second quarter for fiscal 2026, posting earnings per unit of $0.82 that came in just shy of the $0.83 consensus estimate, a 1.35% miss, while revenue of $1.17 billion cleared Wall Street's $907.67 million forecast by 29.01% and climbed 7.5% year-over-year on a GAAP basis. The headline earnings story was shaped most decisively by a return to positive organic flows, with net inflows of $800 million marking a reversal from four consecutive quarters of outflows and pushing AUM to a record $905.50 billion, up 9.2% year-over-year, supported by the strongest gross sales quarter in five years at $44.80 billion. Fixed income mandates, including a passive $9.00 billion retail sub-advisory win, drove the bulk of those flows, even as active equity faced $10.60 billion in net redemptions. With an institutional pipeline of approximately $25.80 billion, supplemented by roughly $12.00 billion in commercial mortgage loans onboarded in early July, management signaled measured confidence heading into the second half despite persistent macroeconomic uncertainty; investors tracking the firm's fee mix will watch whether that pipeline converts at margins that offset ongoing industry fee compression.

Key Takeaways

  • • Record AUM of $905.5 billion driven by strong sales momentum and market appreciation
  • • Return to positive organic growth with $0.8 billion net inflows after four quarters of outflows
  • • Strongest gross sales quarter in five years at $44.8 billion
  • • Fixed income net inflows of $7.2 billion including a $9 billion passive retail sub-advisory mandate
  • • Alternatives/MAS generated over $4 billion net inflows for sixth consecutive quarter of organic growth
  • • Base fees grew 6.8% year-over-year to $860 million
  • • Adjusted operating margin expanded 70 basis points year-over-year to 33.0%
  • • Prior year $14.3 million AB Funds reimbursement expense did not recur

AB Forward Guidance & Outlook

Management expressed confidence entering the second half of 2026 despite an uncertain macroeconomic and geopolitical environment. The firm highlighted nearly $26 billion in institutional pipeline AUM, including approximately $12 billion in commercial mortgage loans onboarded in early July, providing encouraging momentum for the balance of the year. Strategic focus areas include private markets, insurance, retirement, wealth, active ETFs, and SMAs.

24/7 Wall St

AB YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

AB Revenue by Segment

Business unit performance breakdown

24/7 Wall St

AB Revenue by Geography

Regional revenue distribution

“Markets recovered through the second quarter as resilient economic growth and strong corporate earnings supported asset prices despite an uncertain geopolitical backdrop. On the back of that recovery, our asset under management exceeded a record $905 billion as of quarter-end, reflecting strong sales momentum and positive organic growth driven by key strategic areas of our business, including ultra-high-net-worth, SMAs, active ETFs, insurance and private markets.”

— Seth Bernstein, Q2 2026 Earnings Press Release

Back to AB Stock Page