ALLIANCEBERNSTEIN HOLDING L.P.

Previous 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.

Current wording

AB Holding's net income for the three months ended September 30, 2026 decreased $0.6 million compared to the corresponding period in 2025, primarily due to lower net income attributable to AB Unitholders and lower weighted average equity ownership interest in AB. AB Holding's net income for the nine months ended September 30, 2026 increased $12.1 million compared to the corresponding period 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 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.

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 8.7% during the three months ended September 30, 2026, compared to 9.4% during the three months ended September 30, 2025. AB Holding's effective tax rate was 8.8% during the nine months ended September 30, 2026, compared to 10.3% during the nine months ended September 30, 2025. See Note 7 to the condensed financial statements in Item 1 for the calculation of income tax expense.

Previous wording

These non-GAAP measures are provided in addition to, and not as substitutes for, net revenues, operating income and operating margin, and they may not be comparable to non-GAAP measures presented by other companies. Management uses both GAAP and non-GAAP measures in evaluating the company’s financial performance. The non-GAAP measures alone may pose limitations because they do not include all of AB’s revenues and expenses. Further, adjusted net income per AB Holding Unit is not a liquidity measure and should not be used in place of cash flow measures. See AB’s MD&A contained in Exhibit 99.1.

Current wording

These non-GAAP measures are provided in addition to, and not as substitutes for, net revenues, operating income and operating margin, and they may not be comparable to non-GAAP measures presented by other companies. Management uses both GAAP and non-GAAP measures in evaluating the company’s financial performance. The non-GAAP measures alone may pose

Previous 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.

Current wording

During the nine months ended September 30, 2026, net cash provided by operating activities was $241.8 million, compared to $275.1 million during the corresponding 2025 period. The decrease primarily resulted from lower cash distributions received from AB of $35.1 million.

Previous 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.

Current wording

During the nine months ended September 30, 2026, net cash used in financing activities was $241.8 million, compared to $275.1 million during the corresponding 2025 period. The decrease was primarily due to lower cash distributions to Unitholders of $30.8 million.