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Ally Financial

Ally Financial (ALLY) Q2 2026 Earnings

Reported Jul 21, 2026 at 7:20 AM ET · SEC Source

Q2 26 EPS

$1.21

MISS 1.02%

Est. $1.22

Q2 26 Revenue

$2.29B

BEAT +2.96%

Est. $2.22B

vs S&P Since Q2 26

-7.7%

TRAILING MARKET

ALLY -4.4% vs S&P +3.3%

Market Reaction

Did ALLY Beat Earnings? Q2 2026 Results

Ally Financial posted a mixed second quarter, with adjusted EPS of $1.21 falling just shy of the $1.22 consensus by 1.02%, snapping a 10-quarter streak of beating Wall Street's bottom-line expectations, even as revenue of $2.29 billion cleared the $2… Read more Ally Financial posted a mixed second quarter, with adjusted EPS of $1.21 falling just shy of the $1.22 consensus by 1.02%, snapping a 10-quarter streak of beating Wall Street's bottom-line expectations, even as revenue of $2.29 billion cleared the $2.22 billion estimate by 2.96%. Revenue did fall 41.0% year over year, reflecting the company's ongoing balance sheet repositioning, though the quarter's underlying momentum was hard to dismiss. The clearest driver of strength was net interest margin expansion, with NIM excluding OID widening 18 basis points to 3.63% as average retail deposit rates fell to 3.12% following proactive repricing tied to Fed rate cuts. Auto originations also impressed, with $13.30 billion in consumer volume generated from a record 4.6 million applications, up 21% year over year, while retail auto net charge-offs improved to 1.57%. Heading into the second half, management guided for full-year NIM ex. OID of 3.60% to 3.70% and average earning asset growth of 3% to 5%, though tariff pressures on vehicle values remain a watch item.

Key Takeaways

  • • Net interest margin expansion of 18 bps YoY to 3.63% ex. OID driven by deposit repricing
  • • Record 4.6 million consumer auto applications driving $13.3 billion in originations, up 21% YoY
  • • Average retail deposit rate declined 46 bps YoY to 3.12%
  • • Retail auto net charge-off rate improved 18 bps YoY to 1.57%
  • • Corporate Finance ROE of 32% with sub-1% non-accrual loans
  • • 47% of auto originations in highest credit quality S-tier
  • • Five consecutive quarters of YoY improvement in 30+ day retail auto delinquencies

ALLY Forward Guidance & Outlook

For full-year 2026, Ally expects NIM ex. OID of 3.60%-3.70% (based on forward curve with one rate hike in September), adjusted other revenue flat to up 5% YoY, retail auto NCO rate of 1.8%-2.0%, consolidated NCO rate of 1.2%-1.3%, adjusted noninterest expense up 1% YoY, average earning assets up 3%-5%, and an effective tax rate of 20%-22%. Management noted the macroeconomic and geopolitical environment remain watch items, including the impact of escalating tariffs and trade policies on vehicle values and demand.

24/7 Wall St

ALLY YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

ALLY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 24 Q2 26

“Our results through the first half of the year reflect the strength of our franchises and disciplined execution of our teammates. The actions we have taken to sharpen our focus, enhance our balance sheet, and invest in our core businesses are translating into improved earnings, expanding returns, and increasing confidence in our path forward.”

— Michael Rhodes, Q2 2026 Earnings Press Release

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