v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are defined as components of an enterprise that engage in business activity from which revenues are earned and expenses incurred for which discrete financial information is available that is evaluated regularly by our CODM in deciding how to allocate resources and in assessing performance. We define our CODM as the CEO. The CODM uses pretax income to evaluate income generated from segment assets, and to assess a segment’s performance by comparing the results, relative to other segments. Additionally, the budgeting and forecasting process monitors budget versus actual results with emphasis on pretax income, which are also used in assessing the performance of a segment.
We report our results of operations on a business-line basis through three operating segments: Automotive Finance operations, Insurance operations, and Corporate Finance operations, with the remaining activity reported in Corporate and Other. The operating segments are determined based on the products and services offered, and reflect the manner in which financial information is currently evaluated by our CODM and management. The following is a description of each of our reportable operating segments.
Dealer Financial Services
Dealer Financial Services comprises the following two segments.
•Automotive Finance operations — One of the largest full-service automotive finance operations in the United States providing automotive financing services to consumers, automotive dealers and retailers, companies, and municipalities. Our automotive finance services include providing retail installment sales contracts, loans and operating leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.
•Insurance operations — A complementary automotive-focused business offering both consumer finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. As part of our focus on offering dealers a broad range of consumer financial and insurance products, we provide VSCs, VMCs, and GAP products. We also underwrite select commercial insurance coverages, which primarily insure dealers’ vehicle inventory.
Corporate Finance operations
Our Corporate Finance operations provide senior secured asset-based and leveraged cash flow loans to primarily U.S.-based middle-market companies, with a focus on businesses owned by private equity sponsors. These loans are typically used for leveraged buyouts, refinancing and recapitalizations, mergers and acquisitions, growth, turnarounds, and debtor-in-possession financings. We also provide, through our Private Credit Finance business, asset managers and other financing sources with partial funding for their direct-lending activities, which is principally leveraged loans. We have a commercial real estate product primarily focused on lending to skilled nursing facilities, senior housing, and medical office buildings. Additionally, we have an energy and infrastructure vertical that finances large-scale energy and infrastructure projects.
Corporate and Other
Corporate and Other primarily consists of centralized corporate treasury activities, such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, original issue discount, and the residual impacts of our corporate FTP and treasury ALM activities. Corporate and Other also includes certain equity investments, which primarily consist of FHLB and FRB stock—as well as other equity investments through Ally Ventures, our strategic investment business, and reclassifications and eliminations between the reportable operating segments. Financial results related to Ally Invest, our digital brokerage and advisory offering, Ally Credit Card, the management of our consumer mortgage portfolio, and CRA loans and investments are also included within Corporate and Other. Consumer mortgage originations ceased during the second quarter of 2025, which has and will continue to result in a gradual run-off of our consumer mortgage loan portfolio. Additionally, we closed the sale of Ally Credit Card on April 1, 2025.
We utilize an FTP methodology for the majority of our business operations. The FTP methodology assigns charge rates and credit rates to classes of assets and liabilities on a match funded basis, utilizing a benchmark rate curve plus an assumed credit spread. The assumed credit spread is calculated based on a composite investment grade unsecured yield curve or based on advance rates published by the FHLB for any asset that is eligible to be pledged as collateral to the FHLB. While the baseline FTP components at Ally assume 100% debt funding, the methodology also incorporates a credit on the allocated capital for each business line based on the business line’s allocated cost of funding. For business lines not subject to an FTP funding allocation, the FTP methodology applies a capital charge to the amount of excess equity that the business line holds, relative to its regulatory capital and other adjustments. The net residual impact of the FTP methodology is included within the results of Corporate and Other.
The information presented in our reportable operating segments is based in part on internal allocations and methodologies, including a COH methodology, which involves management judgment. COH methodology is used for measuring the profit and loss of our reportable operating segments. We have various enterprise functions, such as technology, marketing, finance, compliance, internal audit, and risk. Operating expenses from the enterprise functions are either directly allocated to the reportable operating segment, indirectly allocated to the reportable operating segment utilizing the COH methodology, or remain in Corporate and Other. COH methodology considers the reportable operating segment expense base and enterprise function expenses. The reportable operating segment expense base is used to determine the allocation mix. This mix is applied to the allocable expenses in Corporate and Other to determine the COH for the respective reportable operating segment. Allocable enterprise function costs are primarily technology, marketing expenses, and marketing sponsorships. Generally, costs that remain within Corporate and Other that are not allocated to our reportable operating segments include operating costs of deposits, treasury activities, and other corporate activities.
Financial information for our reportable operating segments is summarized as follows.
Three months ended June 30, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
2026
Net financing revenue and other interest income
Total financing revenue and other interest income$2,763 $51 $252 $399 $3,465 
Total interest expense1,178 13 136 185 1,512 
Net depreciation expense on operating lease assets269 — — — 269 
Net financing revenue and other interest income1,316 38 116 214 1,684 
Other revenue104 449 29 20 602 
Total net revenue1,420 487 145 234 2,286 
Provision for credit losses442 — (12)— 430 
Noninterest expense
Compensation and benefits expense177 30 20 231 458 
Insurance losses and loss adjustment expenses— 208 — — 208 
Other operating expenses
Technology and communications expenses29 4 2 73 108 
Other (b)362 192 13 (22)545 
Total other operating expenses391 196 15 51 653 
Total noninterest expense568 434 35 282 1,319 
Income (loss) from continuing operations before income tax expense (benefit)$410 $53 $122 $(48)$537 
Total assets$121,539 $10,031 $13,893 $54,309 $199,772 
2025
Net financing revenue and other interest income
Total financing revenue and other interest income$2,603 $45 $233 $444 $3,325 
Total interest expense1,093 15 125 360 1,593 
Net depreciation expense on operating lease assets216 — — — 216 
Net financing revenue and other interest income1,294 30 108 84 1,516 
Other revenue97 422 19 28 566 
Total net revenue1,391 452 127 112 2,082 
Provision for credit losses387 — (2)(1)384 
Noninterest expense
Compensation and benefits expense166 26 19 219 430 
Insurance losses and loss adjustment expenses— 203 — — 203 
Other operating expenses
Technology and communications expenses30 4 1 66 101 
Other (b)336 191 13 (12)528 
Total other operating expenses366 195 14 54 629 
Total noninterest expense532 424 33 273 1,262 
Income (loss) from continuing operations before income tax expense (benefit)$472 $28 $96 $(160)$436 
Total assets$111,709 $9,705 $11,040 $57,019 $189,473 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $1.3 billion and $1.1 billion for the three months ended June 30, 2026, and 2025, respectively.
(b)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 5 for additional information.
Six months ended June 30, ($ in millions)
Automotive Finance operationsInsurance operationsCorporate Finance operationsCorporate and OtherConsolidated (a)
2026
Net financing revenue and other interest income
Total financing revenue and other interest income$5,450 $100 $495 $794 $6,839 
Total interest expense2,306 26 266 431 3,029 
Net depreciation expense on operating lease assets537 — — — 537 
Net financing revenue and other interest income2,607 74 229 363 3,273 
Other revenue209 791 64 51 1,115 
Total net revenue2,816 865 293 414 4,388 
Provision for credit losses910 — (4)(9)897 
Noninterest expense
Compensation and benefits expense368 62 46 473 949 
Insurance losses and loss adjustment expenses— 329 — — 329 
Other operating expenses
Technology and communications expenses57 8 3 141 209 
Other (b)735 385 32 (85)1,067 
Total other operating expenses792 393 35 56 1,276 
Total noninterest expense1,160 784 81 529 2,554 
Income (loss) from continuing operations before income tax expense (benefit)$746 $81 $216 $(106)$937 
Total assets$121,539 $10,031 $13,893 $54,309 $199,772 
2025
Net financing revenue and other interest income
Total financing revenue and other interest income$5,174 $89 $454 $1,001 $6,718 
Total interest expense2,158 29 242 839 3,268 
Net depreciation expense on operating lease assets456 — — — 456 
Net financing revenue and other interest income2,560 60 212 162 2,994 
Other revenue194 786 48 (399)629 
Total net revenue2,754 846 260 (237)3,623 
Provision for credit losses821 — 12 (258)575 
Noninterest expense
Compensation and benefits expense349 56 44 486 935 
Insurance losses and loss adjustment expenses— 364 — — 364 
Goodwill impairment (c)— — — 305 305 
Other operating expenses
Technology and communications expenses59 9 2 134 204 
Other (b)678 387 30 (7)1,088 
Total other operating expenses737 396 32 127 1,292 
Total noninterest expense1,086 816 76 918 2,896 
Income (loss) from continuing operations before income tax expense (benefit)$847 $30 $172 $(897)$152 
Total assets$111,709 $9,705 $11,040 $57,019 $189,473 
(a)Net financing revenue and other interest income after the provision for credit losses totaled $2.4 billion for both the six months ended June 30, 2026, and 2025, respectively.
(b)Primarily consists of insurance commissions, advertising and marketing, and property and equipment depreciation expenses. Refer to Note 5 for additional information.
(c)Impairment of goodwill related to Ally Credit Card for the six months ended June 30, 2025. Refer to Note 2 to the Consolidated Financial Statements in our 2025 Annual Report on Form 10-K for additional information on Ally Credit Card.