AllianceBernstein National Municipal Income Fund, Inc. (AFB)

AFB Financials Overview

Financials in millions USD. Fiscal year is November - October.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Revenue Revenue Growth	28.31	27.37	26.1	24.69	24.66	25.03
Revenue Growth	3.41%	4.88%	5.69%	0.15%	-1.49%	-1.38%
Gross Profit Gross Profit Growth	28.31	27.37	26.1	24.69	24.66	25.03
Operating Income Operating Income Growth	25.24	24.05	22.43	21.09	20.82	20.86
Net Income Net Income Growth	23.28	3.44	61.34	-1.22	-97.53	27.63
Earnings Per Share EPS Growth	0.81	0.12	2.13	-0.04	-3.39	0.96
EPS Growth	575.98%	-94.38%	-	-	-	225.19%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Cash & Investments Cash & Investments Growth	0	0	0	0	0	0
Total Debt Total Debt Growth	231.91	231.81	231.55	231.98	240	258.12
Net Cash (Debt) Net Cash Growth	-231.91	-231.81	-231.55	-231.98	-240	-258.12
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-8.07	-8.06	-8.06	-8.07	-8.35	-8.98

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Operating Cash Flow Operating Cash Flow Growth	2.88	14.06	11.56	19.63	34.84	18.41
Free Cash Flow Free Cash Flow Growth	2.88	14.06	11.56	19.63	34.84	18.41
Free Cash Flow Growth	-79.51%	21.67%	-41.13%	-43.64%	89.24%	9.11%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 30, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	89.16%	87.88%	85.94%	85.41%	84.42%	83.33%
Pretax Margin	82.25%	12.58%	235.03%	-4.94%	-395.55%	110.39%
Profit Margin	82.25%	12.58%	235.03%	-4.94%	-395.55%	110.39%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 29, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Dividend Per Share Dividend Per Share Growth	0.602	0.482	0.402	0.404	0.580	0.639
Dividend Per Share Growth	25.77%	19.94%	-0.48%	-30.32%	-9.28%	7.52%
Dividend Yield	5.50%	4.57%	3.88%	5.04%	6.67%	5.37%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 29, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
PE Ratio	13.51	91.72	5.30	-	-	15.25
PS Ratio	11.11	11.54	12.46	10.56	11.91	16.84

Data Source: S&P Global Market Intelligence Last updated: Apr 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this fund.

Update frequency:

Semi-annually

Last checked:

Jul 28, 2026

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