ALLIANCEBERNSTEIN HOLDING L.P.
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 31, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-01.
0000825313-26-000032
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-07-31.
0000825313-26-000050
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 33 previous paragraphs and 33 current paragraphs.
29 unchanged; 4 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 2 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (4)
Previous wording
AB Holding's net income for the three months ended March 31, 2026 increased $11.2 million, compared to the three months ended March 31, 2025, primarily due to higher net income attributable to AB Unitholders, partially offset by lower weighted average equity ownership interest in AB.
Current wording
AB Holding's net income for the three and six months ended June 30, 2026 increased $1.5 million and $12.7 million, respectively, compared to the corresponding periods in 2025, primarily due to higher net income attributable to AB Unitholders, partially offset by lower weighted average equity ownership interest in AB.
Previous wording
AB Holding’s partnership gross income is derived from its interest in AB. AB Holding’s income taxes, which reflect a 3.5% federal tax on its partnership gross income from the active conduct of a trade or business, are computed by multiplying AB qualifying revenues by AB Holding’s ownership interest in AB, multiplied by the 3.5% tax rate. AB qualifying revenues are primarily U.S. investment advisory fees. AB Holding's effective tax rate was 7.6% during the three months ended March 31, 2026 and 10.5% during the three months ended March 31, 2025. See Note 7 to the condensed financial statements in Item 1 for the calculation of income tax expense.
Current wording
AB Holding’s partnership gross income is derived from its interest in AB. AB Holding’s income taxes, which reflect a 3.5% federal tax on its partnership gross income from the active conduct of a trade or business, are computed by multiplying AB qualifying revenues by AB Holding’s ownership interest in AB, multiplied by the 3.5% tax rate. AB qualifying revenues are primarily U.S. investment advisory fees. AB Holding's effective tax rate was 10.4% during the three months ended June 30, 2026, compared to 10.9% during the three months ended June 30, 2025. AB Holding's effective tax rate was 8.9% during the six months ended June 30, 2026, compared to 10.7% during the six months ended June 30, 2025. See Note 7 to the condensed financial statements in Item 1 for the calculation of income tax expense.
Previous wording
During the three months ended March 31, 2026, net cash provided by operating activities was $88.5 million, compared to $115.3 million during the corresponding 2025 period. The decrease primarily resulted from lower cash distributions received from AB of $30.1 million.
Current wording
During the six months ended June 30, 2026, net cash provided by operating activities was $165.4 million, compared to $203.9 million during the corresponding 2025 period. The decrease primarily resulted from lower cash distributions received from AB of $43.2 million.
Previous wording
During the three months ended March 31, 2026, net cash used in financing activities was $88.5 million, compared to $115.3 million during the corresponding 2025 period. The decrease was primarily due to lower cash distributions to Unitholders of $27.4 million.
Current wording
During the six months ended June 30, 2026, net cash used in financing activities was $165.4 million, compared to $203.9 million during the corresponding 2025 period. The decrease was primarily due to lower cash distributions to Unitholders of $38.3 million.