AllianceBernstein National Municipal Income Fund, Inc. (AFB)

NYSE: AFB · Real-Time Price · USD

9.83

+0.07 (0.72%)

Oct 16, 2026, 4:00 PM EDT - Market closed

AFB Financials Overview

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

Millions USD. Fiscal year is Nov - Oct.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	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	28.31	27.37	26.1	24.69	24.66	25.03
Operating Income	25.24	24.05	22.43	21.09	20.82	20.86
Net Income	23.28	3.44	61.34	-1.22	-97.53	27.63
Earnings Per Share	0.81	0.12	2.13	-0.04	-3.39	0.96
EPS Growth	575.98%	-94.38%	-	-	-	225.19%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Cash & Investments	0	0	0	0	0	0
Total Debt	231.91	231.81	231.55	231.98	240	258.12
Net Cash (Debt)	-231.91	-231.81	-231.55	-231.98	-240	-258.12
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-8.07	-8.06	-8.06	-8.07	-8.35	-8.98

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Operating Cash Flow	2.88	14.06	11.56	19.63	34.84	18.41
Free Cash Flow	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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 17, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Dividend Per Share	0.602	0.482	0.402	0.404	0.580	0.639
Dividend Per Share Growth	23.08%	19.94%	-0.48%	-30.32%	-9.28%	7.52%
Dividend Yield	6.13%	4.39%	3.55%	4.46%	5.67%	4.36%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 17, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
PE Ratio	12.14	91.72	5.30	-	-	15.25
PS Ratio	9.98	11.54	12.46	10.56	11.91	16.84