AllianceBernstein L.P. and its parent holding company reported financial results for the quarter ended September 30, 2026, in a filing released on October 27, 2026. The firm reported a GAAP net income of $0.79 per Unit and an adjusted net income of $0.88 per Unit for the third quarter of 2026.
Assets Under Management (AUM) stood at $900.4 billion as of September 30, 2026, representing a 4.7% increase compared to the same period in the prior year. The firm generated $6.6 billion in net inflows during the quarter, described by CEO Seth Bernstein as the strongest quarterly flow result in four years. This total was driven by strong institutional demand across liquid and illiquid credit, with Alternatives/MAS generating $15 billion in net inflows. Private markets AUM reached $105 billion, up 33% year-over-year.
Financial performance metrics included adjusted net revenues of $904.3 million, a 2.2% increase from the prior year. Adjusted operating income was reported at $302.7 million, and the operating margin was 33.5%. The firm declared a cash distribution of $0.88 per Unit, payable on November 19, 2026, to holders of record on November 6, 2026.
Channel performance varied significantly. The Institutional channel recorded $15.7 billion in net inflows, while the Retail channel saw net outflows of $8.4 billion. Within equities, passive strategies attracted $2.5 billion of net inflows, while active equity outflows totaled roughly $13 billion. The firm noted that the Institutional pipeline of awarded but unfunded mandates decreased to $13.1 billion at the end of the quarter.
