Companies /Financial Services

Ally Financial Inc

NYSE: ALLY Credit Services
$42.87
â–² $0.33 (+0.77%) today
Markets open · 1:49pm ET

Q2 2026 Earnings

Reported Jul 21, 2026, 7:20am ET · SEC source
$1.21
Miss −1.02%
EPS · est. $1.22
$2.3B
Beat +2.96%
Revenue · est. $2.2B
−6.7%
Trailing market
ALLY vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−4%−2%0Jul 21Jul 22report 7:20am ETearnings+0.5%−2.6%
−4%−2%0Jul 21Jul 22earnings+0.5%−2.6%
ALLY −2.6%S&P 500 +0.5%
−4%−2%0Jul 21Jul 22report 7:20am ETearnings+0.6%−2.6%
−4%−2%0Jul 21Jul 22earnings+0.6%−2.6%
ALLY −2.6%NASDAQ +0.6%
−3%0+3%Jul 20Jul 28report 7:20am ETearnings−0.6%−0.3%
−3%0+3%Jul 20Jul 28earnings−0.6%−0.3%
ALLY −0.3%S&P 500 −0.6%
−3%0+3%Jul 20Jul 28report 7:20am ETearnings−4.0%−0.3%
−3%0+3%Jul 20Jul 28earnings−4.0%−0.3%
ALLY −0.3%NASDAQ −4.0%
−2.39%
Day of report
+0.54%
Next session
−0.72%
One week
−4.82%
30 days

S&P 500 over the same 30 days: +1.91%.

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 $2.22 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

“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.”

Ally Financial CEO, on the earnings call

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.

ALLY YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$2.0B$4.0B$3.9B$2.3BRevenue$352.0M$410.0MNet Income$436.0M$537.0MOperating Income
$0$2.0B$4.0BRevenueNet IncomeOperating Income

ALLY Revenue by Segment

Auto Finance$1.4B+2.1%
Automotive Finance
Insurance$487.0M+7.7%
Corporate and Other$234.0M
Corporate Finance$145.0M+14.2%
Mortgage Finance

Figures from SEC filings and company reports. Not investment advice.