Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +2.2% EPS YoY: -12.1% Move: -0.21%

Ally Financial Inc

0HD0.L

$42.03 -0.21%

Exchange LSE Sector Financial Services Industry Financial Diversified

Q2 2024

Published: Aug 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0HD0.L

Reported

Report Date

Aug 5, 2024

Quarter Q2 2024

Revenue

4.03B

YoY: +2.2%

EPS

0.86

YoY: -12.1%

Market Move

-0.21%

Previous quarter: N/A

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

Revenue of $4.03B up 2.2% year-over-year
EPS of $0.86 decreased by 12.1% from previous year
Gross margin of 42.4%
Net income of 294.00M
""In the second quarter, our focus on cost management yielded significant results, allowing us to improve our net income substantially despite an overall challenging environment."" - Gretchen Harrington, CFO

0HD0.L

Ally Financial Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

In Q2 2024, Ally Financial Inc recorded notable shifts in its financial performance, characterized by a revenue of $4.03 billion, which represents a slight year-on-year increase of 2.18% but a dip of 2.16% from the previous quarter. The company's net income rose significantly by 105.59% quarter-over-quarter, totaling $294 million, indicating strong operational adjustments despite facing a 10.64% decline year-on-year. While gross profit margin saw a year-on-year decrease of 7.02%, management remains optimistic about the company's strategic initiatives to enhance profitability moving forward. The results underscore a challenging environment, but also showcase Ally's resilience and adaptive strategies in navigating the financial landscape.

Key Performance Indicators

Revenue

Increasing

4.03B

QoQ: -2.16% | YoY: 2.18%

Gross Profit

Decreasing

1.71B

42.37% margin

QoQ: 1.01% | YoY: -7.02%

Operating Income

Decreasing

257.00M

QoQ: 40.44% | YoY: -36.23%

Net Income

Decreasing

294.00M

QoQ: 105.59% | YoY: -10.64%

EPS

Decreasing

0.87

QoQ: 128.95% | YoY: -12.12%

Revenue Trend

Margin Analysis

Financial Highlights

Key Financial Metrics:
- Revenue: $4.03 billion (YoY +2.18%, QoQ -2.16%)
- Gross Profit: $1.71 billion (YoY -7.02%, QoQ +1.01%)
- Operating Income: $257 million (YoY -36.23%, QoQ +40.44%)
- Net Income: $294 million (YoY -10.64%, QoQ +105.59%)
- EPS: $0.87 (YoY -12.12%, QoQ +128.95%)

The drop in gross profit margin and operating income signals rising operational costs, while the significant increase in net income from the previous quarter reflects effective expense management and revenue control strategies. Management's commentary suggests a focus on cost efficiency amid tightening margins and a commitment to maintaining strong liquidity with cash and short-term investments totaling over $25.37 billion.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	4.03B	2.18%	-2.16%
Gross Profit	1.71B	-7.02%	1.01%
Operating Income	257.00M	-36.23%	40.44%
Net Income	294.00M	-10.64%	105.59%
EPS	0.87	-12.12%	128.95%

Key Financial Ratios

Gross Profit Margin

Excellent

98.10%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

63.50%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

17.10%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.15%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.12%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

5.04

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

High Risk

1.15

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

11.43x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.97x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	3,325.00	1.05	-17.5%	View
Q1 2025	3,430.00	-0.82	-16.8%	View
Q4 2024	4,039.00	0.26	-3.8%	View
Q3 2024	4,179.00	1.06	+3.9%	View
Q2 2024	4,031.00	0.86	+2.2%	View

Ally Financial Inc (0HD0.L) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More 0HD0.L Quarterly Reports

0HD0.L

0HD0.L

0HD0.L

0HD0.L

Q2 2024 Reports in Financial Services Sector

0IM1.L

0KV3.L

Related Financial Data

Sector Analysis: Financial Services

0HD0.L Full Profile

0HD0.L Financial Statements

Earnings Calendar