Revenue and NII have improved, but provisions of $529M against $4.2B in total revenue in Q3 2026 indicate that credit cost normalization is absorbing a large share of earnings.
Ally Financial Inc. (ALLY) annual income statement — 27-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 |
|---|
| Net Interest Income | 7.68B | 7.11B | 6.75B | 7.06B | 7.76B | 6.74B | 5.55B | 5.61B | 5.42B | 5.46B | 5.68B | 5.97B | 5.61B | 4.77B | 3.29B | 2.06B | 4.52B | 5.68B | 7.61B | 8.34B | 9.26B | 9.87B | 11.64B | 0 | 0 | 0 | 0 | 0 |
| NII Growth % | 39.8% | 5.38% | -4.4% | -9.05% | 15.24% | 21.3% | -1.07% | 3.67% | -0.91% | -3.72% | -4.89% | 6.42% | 17.47% | 45.11% | 59.32% | -54.28% | -20.49% | -25.38% | -8.66% | -10.02% | -6.13% | -15.2% | - | - | - | - | - | - |
| Net Interest Margin % | 3.78% | 3.63% | 3.52% | 3.6% | 4.05% | 3.7% | 3.05% | 3.11% | 3.03% | 3.27% | 3.47% | 3.76% | 3.7% | 3.16% | 1.8% | 1.12% | 2.63% | 3.3% | 4.02% | 3.35% | 3.22% | 3.08% | 3.59% | 0% | 0% | 0% | 0% | 0% |
| Interest Income | 13.82B | 13.52B | 14.22B | 13.96B | 10.62B | 8.65B | 8.8B | 9.86B | 9.05B | 8.32B | 8.3B | 8.4B | 8.39B | 8.09B | 7.34B | 6.67B | 11.18B | 12.77B | 18.05B | 22.74B | 24.82B | 22.97B | 21.3B | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.14B | 6.41B | 7.47B | 6.9B | 2.86B | 1.91B | 3.24B | 4.24B | 3.64B | 2.86B | 2.63B | 2.43B | 2.78B | 3.32B | 4.05B | 4.61B | 6.67B | 7.09B | 10.44B | 14.41B | 15.56B | 13.11B | 9.66B | 7.56B | 6.83B | 7.73B | 8.29B | 6.53B |
| Loan Loss Provision | 1.91B | -572M | 2.17B | 1.97B | 1.4B | 241M | 1.44B | 998M | 918M | 1.15B | 917M | 707M | 457M | 501M | 329M | 161M | 442M | 5.6B | 3.1B | 3.07B | 2B | 1.07B | 1.95B | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | 2.22B | -1.37B | 2.15B | 2.01B | 1.48B | 2.04B | 1.92B | 1.7B | 1.37B | 1.53B | 1.51B | 1.45B | 1.46B | 1.53B | 2.72B | 2.35B | 5.09B | 3.36B | 3.14B | 5.33B | 10.51B | 11.16B | 10.01B | 20.14B | 17.68B | 11.53B | 9.62B | 13.69B |
| Non-Interest Income % | 22.43% | -23.79% | 24.13% | 22.15% | 15.97% | 23.27% | 25.73% | 23.25% | 20.18% | 21.87% | 21.04% | 19.51% | 20.66% | 24.25% | 45.28% | 53.25% | 53.01% | 37.15% | 29.19% | 38.99% | 53.16% | 53.08% | 46.24% | 100% | 100% | 100% | 100% | 100% |
| Total Net Revenue | 9.91B | 5.75B | 8.9B | 9.07B | 9.24B | 8.78B | 7.48B | 7.32B | 6.78B | 7B | 7.19B | 7.42B | 7.07B | 6.3B | 6.01B | 4.42B | 9.61B | 9.04B | 10.75B | 13.66B | 19.77B | 21.03B | 21.65B | 20.14B | 17.68B | 11.53B | 9.62B | 13.69B |
| Revenue Growth % | 14.56% | -35.42% | -1.91% | -1.84% | 5.24% | 17.41% | 2.23% | 7.83% | -3.02% | -2.69% | -3.06% | 4.91% | 12.15% | 4.82% | 36.11% | -54.05% | 6.34% | -15.93% | -21.3% | -30.91% | -5.97% | -2.85% | 7.48% | 13.94% | 53.33% | 19.82% | -29.73% | - |
| Non-Interest Expense | 6.1B | 5.27B | 5.89B | 6B | 5.5B | 4.68B | 4.63B | 4.35B | 4.24B | 4.34B | 4.69B | 5.32B | 5.37B | 5.44B | 5.17B | 4.43B | 8.03B | 10.35B | 2.91B | 12.4B | 15.55B | 16.48B | 15.44B | 23.32B | 21.57B | 16.46B | 15.36B | 17.73B |
| Efficiency Ratio | 61.61% | 91.66% | 66.26% | 66.14% | 59.51% | 53.35% | 61.85% | 59.47% | 62.56% | 62.04% | 65.25% | 71.68% | 75.91% | 86.39% | 85.98% | 100.36% | 83.55% | 114.45% | 27.09% | 90.77% | 78.62% | 78.35% | 71.32% | 115.79% | 122.02% | 142.77% | 159.65% | 129.5% |
| Operating Income | 1.89B | 1.05B | 836M | 1.1B | 2.34B | 3.85B | 1.41B | 1.97B | 1.62B | 1.51B | 1.58B | 1.39B | 1.25B | 357M | 514M | -177M | 1.14B | -6.91B | 4.74B | -1.81B | 2.23B | 3.48B | 4.26B | 4.38B | 2.94B | 2.8B | 2.56B | 2.49B |
| Operating Margin % | 19.08% | 18.29% | 9.4% | 12.16% | 25.35% | 43.91% | 18.91% | 26.89% | 23.91% | 21.54% | 21.99% | 18.79% | 17.63% | 5.66% | 8.55% | -4.01% | 11.85% | -76.44% | 44.06% | -13.22% | 11.27% | 16.54% | 19.66% | 21.77% | 16.64% | 24.28% | 26.57% | 18.16% |
| Operating Income Growth % | - | 25.72% | -24.21% | -52.9% | -39.25% | 172.63% | -28.11% | 21.27% | 7.63% | -4.68% | 13.5% | 11.8% | 249.02% | -30.54% | 390.4% | -115.54% | 116.49% | -245.85% | 362.29% | -181.06% | -35.96% | -18.26% | -2.92% | 49.06% | 5.07% | 9.51% | 2.77% | - |
| Pretax Income | 1.89B | 1.05B | 836M | 1.1B | 2.34B | 3.85B | 1.41B | 1.97B | 1.62B | 1.51B | 1.58B | 1.39B | 1.25B | 357M | 514M | -177M | 1.14B | -6.91B | 4.74B | -1.81B | 2.23B | 3.48B | 4.26B | 4.38B | 2.94B | 2.8B | 2.56B | 2.49B |
| Pretax Margin % | 19.08% | 18.29% | 9.4% | 12.16% | 25.35% | 43.91% | 18.91% | 26.89% | 23.91% | 21.54% | 21.99% | 18.79% | 17.63% | 5.66% | 8.55% | -4.01% | 11.85% | -76.44% | 44.06% | -13.22% | 11.27% | 16.54% | 19.66% | 21.77% | 16.64% | 24.28% | 26.57% | 18.16% |
| Income Tax | 401M | 199M | 167M | 144M | 627M | 790M | 328M | 246M | 359M | 581M | 470M | 496M | 321M | -59M | -856M | 42M | 153M | 74M | -136M | 395M | 103M | 1.2B | 1.36B | 1.59B | 1.07B | 1.05B | 954M | 960M |
| Effective Tax Rate % | 21.22% | 18.93% | 19.98% | 13.06% | 26.77% | 20.49% | 23.2% | 12.51% | 22.13% | 38.55% | 29.73% | 35.61% | 25.76% | -16.53% | -166.54% | -23.73% | 13.43% | -1.07% | -2.87% | -21.87% | 4.62% | 34.41% | 32% | 36.29% | 36.42% | 37.41% | 37.32% | 38.6% |
| Net Income | 1.49B | 852M | 668M | 957M | 1.71B | 3.06B | 1.08B | 1.72B | 1.26B | 929M | 1.07B | 1.29B | 1.15B | 361M | 1.2B | -157M | 1.07B | -10.3B | 1.87B | -2.33B | 2.13B | 2.28B | 2.89B | 2.79B | 1.87B | 1.79B | 1.6B | 1.53B |
| Net Margin % | 15.03% | 14.83% | 7.51% | 10.55% | 18.55% | 34.85% | 14.51% | 23.44% | 18.62% | 13.28% | 14.84% | 17.38% | 16.27% | 5.73% | 19.89% | -3.55% | 11.18% | -113.93% | 17.37% | -17.07% | 10.75% | 10.85% | 13.37% | 13.87% | 10.58% | 15.49% | 16.65% | 11.15% |
| Net Income Growth % | 135.23% | 27.54% | -30.2% | -44.17% | -43.99% | 182.03% | -36.73% | 35.79% | 35.95% | -12.93% | -17.22% | 12.09% | 218.56% | -69.82% | 861.78% | -114.6% | 110.44% | -651.28% | 180.1% | -209.74% | -6.88% | -21.15% | 3.62% | 49.36% | 4.7% | 11.49% | 4.91% | - |
| Net Income (Continuing) | 1.49B | 852M | 669M | 959M | 1.72B | 3.06B | 1.09B | 1.72B | 1.26B | 926M | 1.11B | 897M | 925M | 416M | 1.37B | -219M | 986M | -6.98B | 4.87B | -2.2B | 2.13B | 2.28B | 2.89B | 2.79B | 1.87B | 1.79B | 1.6B | 1.53B |
| EPS (Diluted) | 4.83 | 2.37 | 1.80 | 2.78 | 5.03 | 8.22 | 2.88 | 4.34 | 2.95 | 2.04 | 2.15 | -2.66 | 1.83 | -1.51 | 0.95 | -1.92 | -3.16 | -41.57 | 4.53 | -9.41 | 8.58 | 9.21 | 11.68 | 11.27 | 11.39 | 10.88 | 9.76 | 9.30 |
| EPS Growth % | 162.65% | 31.67% | -35.25% | -44.73% | -38.81% | 185.42% | -33.64% | 47.12% | 44.61% | -5.12% | 180.83% | -245.36% | 221.19% | -258.95% | 149.48% | 39.24% | 92.4% | -1017.66% | 148.14% | -209.67% | -6.84% | -21.15% | 3.64% | -1.05% | 4.69% | 11.48% | 4.95% | - |
| EPS (Basic) | - | 2.39 | 1.82 | 2.80 | 5.06 | 8.30 | 2.89 | 4.36 | 2.97 | 2.05 | 2.15 | -2.66 | 1.83 | -1.51 | 0.95 | -1.92 | -3.16 | -41.57 | 4.53 | -9.41 | 8.58 | 9.21 | 11.68 | 11.27 | 11.39 | 10.88 | 9.76 | 9.30 |
| Diluted Shares Outstanding | 308.13M | 314.27M | 310.16M | 305.13M | 318.63M | 365.18M | 377.1M | 395.39M | 427.68M | 455.35M | 482.18M | 482.87M | 483.09M | 479.77M | 412.6M | 479.77M | 248.19M | 247.73M | 247.73M | 247.73M | 247.73M | 247.73M | 247.73M | 247.73M | 164.11M | 164.11M | 164.11M | 164.11M |
Quick answers to the most common questions about buying ALLY stock.
For fiscal year 2025, Ally Financial Inc. (ALLY) reported total revenue of $5.75B. This represents a 58.0% decline compared to $13.69B in 1999.
Ally Financial Inc. (ALLY) is profitable, generating $852.0M in net income for the fiscal year ending 2025 with a net profit margin of 14.8%.
Ally Financial Inc. (ALLY) reported an operating income of $1.05B, resulting in an operating profit margin of 18.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Ally Financial Inc. (ALLY) generated $6.32B in gross profit for the year, representing a gross profit margin of 110.0%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Credit cost normalization pressure
Metrics are mathematically derived from official filings.
NII Recovering Off a Depressed Base
Net interest income climbed from roughly $1.7B across 2024 and early 2025 to $2.0B in both Q2 and Q3 2026, with year-over-year NII growth of 11.7% in Q3 2026, suggesting the reported figures reflect improving asset repricing against deposit funding costs.
The sequential recovery in NII implies that loan yields are beginning to outpace funding costs after a prolonged period of compression. The NII growth rate turned positive and accelerated through 2026, which may indicate that the deposit beta has stabilized, though the data does not isolate volume versus rate contributions. Investors should monitor whether this trajectory holds if credit tightening reduces loan origination volume.
Net Interest Margin Holding Near One Percent
Reported NIM has held at approximately 0.9% to 1.0% across the ten quarters shown, with the most recent two quarters at 1.0%, indicating that the spread between asset yields and funding costs has stabilized at a thin level.
A NIM of roughly 1% is thin relative to what a spread-based lender needs to absorb credit costs, which makes the earnings base sensitive to small shifts in funding or yield. The stabilization in recent quarters suggests the margin trough may have passed, but the absolute level leaves limited cushion. Peer positioning cannot be fully assessed from the supplied peer set, which lacks NIM data.
Provisions Absorbing Much of Revenue
Provision expense rose to $529M in Q3 2026 from $191M in Q1 2025, and provisions consumed a substantial share of total revenue in recent quarters, based on reported figures that point to elevated credit cost pressure.
The step-up in provisions alongside a 25.75% year-over-year revenue contraction suggests that credit cost normalization is compressing pre-tax earnings more than top-line trends alone would indicate. Under CECL, front-loaded reserve builds can cause provision volatility that does not map directly to realized losses, so the reported provision trend warrants further investigation into charge-off versus reserve components. The data supplied does not break out net charge-offs, limiting firm conclusions.
Efficiency Ratio Improving but Elevated
The efficiency ratio improved from 67.3% in Q4 2024 and 105.3% in Q1 2025 to 57.9% in Q3 2026, based on reported figures showing meaningful cost discipline relative to revenue recovery.
The decline in the efficiency ratio to 57.9% implies that revenue growth in recent quarters has outpaced non-interest expense, which is a positive operating leverage signal. The Q1 2025 spike above 100% reflects a loss-driven distortion rather than a structural cost issue. Sustaining sub-60% efficiency will depend on whether provisions normalize, since elevated credit costs can offset expense gains at the pre-tax line.
Earnings Recovery May Be Fragile
The Q2 2026 EPS of $1.18 versus the cited consensus of $1.45 and the absence of forward guidance suggest that the recent earnings recovery may be less durable than the quarterly NII trend implies.
The EPS miss relative to consensus, combined with a 25.7% year-over-year revenue decline, could indicate that the recovery in NII is being masked by rising provisions and possible funding or credit headwinds. Reliance on auto lending concentration exposes the book to used-vehicle price declines flagged by the Manheim index, a risk that could reverse recent provision and margin gains. Based on the limited data, this interpretation remains a hypothesis that requires confirmation from subsequent quarters.