EarningsQ2 2026 Earnings Report
MX:ALLY1 Q2 2026 EPS Results
Actual EPS$21.97
Consensus EPS$22.21
Beat/MissMissed by -$0.24
One Year Ago EPS$17.98
MX:ALLY1 Q2 2026 Revenue Results
Actual Revenue$73.13B
Expected Revenue$40.34B
Beat/MissBeat by +$32.80B
YoY Revenue Growth+4.82%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeBefore Open
Conference CallTuesday, July 21, 2026
MX:ALLY1 Upcoming Earnings
Ally Financial's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ALLY1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: strong revenue and earnings growth (adjusted EPS +22%), margin expansion (NIM up to 3.63%), robust origination and application volumes, improving retail credit metrics, record corporate finance performance, and stronger capital and customer franchises. Lowlights were largely manageable: CECL reserve builds tied to rapid asset growth (causing a modest EPS headwind), a temporary shift in origination mix that compressed quarter-originated yield, seasonal deposit outflows, and continued macro uncertainty. On balance the positives — broad-based growth, margin and capital improvement, and tightened loss guidance — materially outweigh the transitory and manageable negatives.Company Guidance
Adjusted EPS and Earnings Power
Adjusted EPS of $1.21, up 22% year-over-year, demonstrating margin expansion and stronger operating performance.
Revenue Growth
Adjusted net revenue of $2.3 billion, up 10% year-over-year, driven by balance sheet growth and margin expansion.
Net Interest Margin Expansion
Net interest margin (ex-OID) improved 11 basis points sequentially to 3.63%, with confidence in a sustainable upper-3s% margin over time.
Strong Asset and Origination Growth
Retail auto and corporate finance assets grew nearly $8 billion year-over-year (~8% YoY); retail originations $13.3 billion, up 21% YoY; record 4.6 million auto applications, up 17% YoY.
Corporate Finance Outperformance
Corporate finance generated record pretax earnings, portfolio of ~$13.7 billion (up 25% YoY) and a 32% return on equity, highlighting attractive returns and disciplined underwriting.
Deposit and Customer Franchise Strength
Retail deposit balances of $144 billion with deposits representing 87% of total funding; 3.6 million customers served, up 7% YoY and marking 69 consecutive quarters of customer growth.
Capital Position and Shareholder Returns
CET1 ratio ~10.1% (up ~20 bps YoY); repurchased $148 million of shares in the quarter and returned >$300 million to shareholders since December; adjusted tangible book value per share $42, up 13% YoY; quarterly dividend $0.30 announced.
Diversified Revenue Streams
Adjusted other revenue of $573 million (up $42 million YoY) with insurance written premiums of $382 million (up 9% YoY) and insurance pretax income recovery to $24 million (up $26 million YoY).
Improving Retail Credit Trends
Retail auto net charge-offs improved to 157 bps (down 40 bps QoQ and down 18 bps YoY), marking the sixth consecutive quarter of year-over-year improvement; consolidated NCOs 111 bps (down 10 bps QoQ).
Tighter Loss Guidance and Asset Growth Outlook
Updated guidance: average earning assets now expected to be up 3–5% (vs. prior 2–4%); consolidated NCO guidance tightened to 1.2–1.3% (from 1.2–1.4%); margin guide remains 3.6–3.7% with potential to exit above the range.
MX:ALLY1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed