Ally Financial Q2 FY26 net income rises 16% to $410 million; revenue climbs 10% to $2.29 billion

Ally Financial posted net income from continuing operations of $410 million, up 16% from a year earlier.

Total net revenue climbed 10% to $2.29 billion as net financing revenue rose 11% to $1.68 billion.

Provision for credit losses increased 12% to $430 million; noninterest expense rose 5% to $1.32 billion.

Automotive Finance pretax income fell 13% to $410 million despite total net revenue rising 2% to $1.42 billion.

Corporate Finance pretax income increased 27% to $122 million; Insurance pretax income rose to $53 million from $28 million.