Here are the 10-K annual reports from AllianceBernstein Holding, L.P. (AB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AB filings page.
AllianceBernstein Holding L.P. reports assets under management of about $867 billion as of December 31, 2025, up from $792 billion in 2024 and $725 billion in 2023. Net revenues were roughly $4.5 billion in both 2025 and 2024, compared with $4.2 billion in 2023, showing steady topline growth.
Institutional clients account for about 41% of assets but only 15% of net revenues, while retail represents 41% of assets and 55% of revenues, and private wealth 18% of assets and 28% of revenues. Retail and private wealth AUM and fee income grew solidly, particularly in actively managed equity and fixed income. The firm completed the Bernstein Research deconsolidation and joint venture with Societe Generale, taking Bernstein Research Services revenue to zero in 2025 from 2% of net revenues in 2024. EQH remains the largest client at about 16% of assets and 4% of net revenues. Key risks center on market volatility, the shift to passive investing, performance-fee variability, technology and cybersecurity transitions, AI use, regulatory change, and the partnership and tax structure.