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Alliancebernstein L.P. cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$145M in Q3 2026 · $1.1B over twelve months

Operating cash flow$159M
Capital spending−$13.9M
Free cash flow+$145M
Cash / net income0.7×

Analysis

In Q3 2026, Alliancebernstein L.P. generated $159M of operating cash flow and spent $13.9M on capital projects, leaving free cash flow of $145M. That is $303M less than in Q3 2025 ($449M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.2B; the largest uses were dividends ($1.1B), other investing ($106M), buybacks ($89.7M); besides operations, cash came from other financing ($296M); the cash balance rose by $119M.

Operating cash flow was $159M against net income of $238M — 0.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: employee-related liabilities +$268M, receivables −$197M, depreciation & amortization +$23.0M.

Free cash flow

Alliancebernstein L.P.: free cash flow by quarterAlliancebernstein L.P.: free cash flow by quarter$244MQ4 2024$141MQ1 2025$330MQ2 2025$449MQ3 2025$73.9MQ4 2025$450MQ1 2026$479MQ2 2026$145MQ3 2026
Operating cash flow less capital spending.
Alliancebernstein L.P.: operating cash flow against capital spendingAlliancebernstein L.P.: operating cash flow against capital spendingOperating cash flowCapital spending$266M$22.4MQ4 2024$149M$7.5MQ1 2025$341M$10.7MQ2 2025$458M$9.7MQ3 2025$84.8M$10.9MQ4 2025$461M$10.3MQ1 2026$489M$10.7MQ2 2026$159M$13.9MQ3 2026
Latest (Q3 2026): Operating cash flow $159M, Capital spending $13.9M.

Capital allocation, year by year

Alliancebernstein L.P.: where the cash came from (up) and went (down), by fiscal yearAlliancebernstein L.P.: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.3BFY2021: Net borrowing $80.0MFY2021: Shares issued $3.4MFY2021: Capital spending −$61.9MFY2021: Acquisitions −$3.8MFY2021: Buybacks −$118MFY2021: Dividends −$1.1B$1.4BFY2021FY2022: Operating cash flow $1.1BFY2022: Net borrowing $235MFY2022: Shares issued $178KFY2022: Capital spending −$62.3MFY2022: Acquisitions $40.3MFY2022: Buybacks −$92.7MFY2022: Dividends −$1.1B$1.4BFY2022FY2023: Operating cash flow $872MFY2023: Net borrowing $164MFY2023: Capital spending −$33.6MFY2023: Buybacks −$62.6MFY2023: Dividends −$839M$1.0BFY2023FY2024: Operating cash flow $1.4BFY2024: Net borrowing −$444MFY2024: Capital spending −$122MFY2024: Buybacks −$60.1MFY2024: Dividends −$954M$1.4BFY2024FY2025: Operating cash flow $1.0BFY2025: Net borrowing $100MFY2025: Capital spending −$38.8MFY2025: Buybacks −$72.1MFY2025: Dividends −$1.1B$1.1BFY2025
Over these 5 years operating cash flow totalled $5.7B; the largest uses were dividends ($5.0B) and net borrowing ($444M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$872M
Debtnone
Net cash$872M

Alliancebernstein L.P. funds itself: free cash flow was $1.1B over the last twelve months, with $872M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Alliancebernstein L.P.: sources (+) and uses (−) of cash, Q3 2026Alliancebernstein L.P.: sources (+) and uses (−) of cash, Q3 2026Dividends−$270MNet borrowing (+) / repaid (−)$175MOperating cash flow$159MOther investing−$106MOther financing$60.9MBuybacks−$37.1MCash drawn (+) / kept (−)$30.4MCapital spending−$13.9MExchange rates$1.2M
Alliancebernstein L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Alliancebernstein L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.2BDividends−$1.1BOther financing$296MCash drawn (+) / kept (−)−$119MOther investing−$106MBuybacks−$89.7MCapital spending−$45.8MExchange rates−$2.7M

From profit to cash

Alliancebernstein L.P.: net income to operating cash flow, Q3 2026Alliancebernstein L.P.: net income to operating cash flow, Q3 2026Net income$238MDepreciation & amortization$23.0MStock-based pay$9.3MOther non-cash$10.0MReceivables−$197MPayables$13.2MEmployee-related liabilities$268MOperating cash flow$159M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$159M−$13.9M−$37.1M−$270M$175M$30.4M$145M
Q2 2026$489M−$10.7M−$23.1M−$267M−$125M−$25.1M$479M
Q1 2026$461M−$10.3M−$4.7M−$312M−$105M−$80.6M$450M
Q4 2025$84.8M−$10.9M−$24.9M−$278M—−$43.6M$73.9M
Q3 2025$458M−$9.7M−$3.9M−$247M−$185M$102M$449M
Q2 2025$341M−$10.7M−$12.3M−$259M—−$57.2M$330M
Q1 2025$149M−$7.5M−$26.1M−$340M$30.0M$36.5M$141M
Q4 2024$266M−$22.4M—−$245M$210M−$163M$244M

Alliancebernstein L.P.: income statement and cash flow

Alliancebernstein L.P., Q3 2026: revenue $1.2B (+8% year over year), operating margin 20.1%. The chart follows the revenue to costs, profit and cash.

Alliancebernstein L.P.: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.