Ally Financial (ALLY) Q4 FY2024 earnings: revenue $2.0 billion, down 2.0% on the year

Ally Financial Inc. (ALLY) reported revenue of $2.0 billion for Q4 FY2024, the quarter ended 31 December 2024, down 2.0% on the same quarter a year earlier. Net income was $108 million, up 74.2% on the year. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.

Revenue$2.0 billiondown 2.0%

Net income$108 millionup 74.2%

Diluted EPSn/a

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Revenue	2,026	2,135	2,067	-2.0%
Interest expense	n/a	n/a	1,908	n/a
Pre-tax income	109	265	64.0	+70.3%
Income tax	0.0	67.0	10.0	n/a
Effective tax rate	0.0%	25.3%	15.6%
Net income	108	198	62.0	+74.2%
Net margin	5.3%	9.3%	3.0%
Diluted EPS	n/a	$1.06	$0.16	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Operating cash flow	620	992	-17.0	n/a
Cash from investing	1,537	1,060	-3,073	n/a
Cash from financing	-72.0	-874	1,408	n/a
Depreciation and amortisation	269	314	324	-17.0%
Buybacks	7.0	1.0	4.0	+75.0%
Dividends paid	92.0	92.0	91.0	+1.1%
Dividend per share	n/a	$0.30	n/a	n/a
Diluted shares, weighted	310m	311m	n/a	n/a
Shares outstanding at period end	305m	305m	302m	+1.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Shareholders' equity	13,903	14,725	13,766	+1.0%
Deposits	151,574	151,950	154,666	-2.0%
Short-term borrowings	1,625	1,771	3,297	-50.7%
Debt	17,495	16,807	17,570	-0.4%
Other liabilities	7,239	7,728	7,093	+2.1%
Total liabilities and equity	191,836	192,981	196,392	-2.3%
Fixed assets	1,253	1,267	1,282	-2.3%
Goodwill	551	669	669	-17.6%
Intangible assets	54.0	58.0	73.0	-26.0%
Securities held for sale or to maturity	26,756	28,346	29,095	-8.0%
Loans	132,316	133,801	135,852	-2.6%
Cash and equivalents	10,292	8,616	6,945	+48.2%
Other assets	20,614	20,224	22,476	-8.3%
Total assets	191,836	192,981	196,392	-2.3%

Quarterly results, the last 12 quarters

	Q3 FY2023 †	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,968	2,067	1,998	2,022	2,135	2,026	1,541	2,082	2,168	2,123	2,102	2,286
Interest expense	1,850	1,908	1,922	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	228	64.0	183	279	265	109	-284	436	513	386	400	537
Tax rate	-22%	16%	22%	22%	25%	0%	n/a	19%	22%	15%	20%	24%
Net income	285	62.0	143	219	198	108	-225	352	398	327	319	410
Net margin	14%	3%	7%	11%	9%	5%	-15%	17%	18%	15%	15%	18%
Diluted EPS	$0.88	$0.16	$0.42	$0.86	$1.06	n/a	-$0.82	$1.04	$1.18	$0.97	$0.93	$1.18
Operating cash flow	1,660	-17.0	1,266	1,575	992	620	940	947	1,202	640	1,371	1,353
Buybacks	0.0	4.0	29.0	1.0	1.0	7.0	34.0	1.0	1.0	23.0	147	148
Dividends paid	90.0	91.0	97.0	91.0	92.0	92.0	100	92.0	93.0	94.0	102	92.0
Shares outstanding	302m	302m	304m	305m	305m	305m	307m	308m	308m	308m	307m	305m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2024, filed 19 February 2025, accession 0000040729-25-000006: the filing on EDGAR. All of Ally Financial Inc.'s filings: EDGAR company page.

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