Ally Bank
Financial Performance
Ally Bank Revenue & Financials
Revenue
$8.2B (FY2024)
Market Cap
$11.5B
Net Income
$820M
Employees
11,000
What is Ally Bank's revenue?
Ally Bank had $8.2B in revenue for fiscal year 2024, down 0.7% from 2023. Net income was $820M.
- Latest revenue
- $8.2B (FY2024)
- Year-over-year
- -0.7%
- Growth rate (CAGR)
- 5.8% over 9 years
- Peak revenue
- $8.4B (FY2022)
- Years of data
- 10
- Employees
- 11,000
- How much profit does Ally Bank make?
- Ally Bank reported net income of $820M for fiscal year 2024.
- How many employees does Ally Bank have?
- Ally Bank has about 11,000 employees.
Financial Analysis
Ally's financial architecture reflects the successful execution of its branchless digital banking model. In fiscal year 2024, Ally reported net financing revenue of $8.10 billion and net income of $1.15 billion, managing total assets of over $185 billion. Ally's consumer auto loan portfolio generated healthy risk-adjusted yields exceeding 7.5%, supported by an average FICO score of 720+ among new consumer borrowers. Ally maintained a strong Common Equity Tier 1 (CET1) capital ratio of 9.8% and reserve coverage for credit losses exceeding 2.75%, providing a solid buffer against used-vehicle price normalization and consumer loan defaults. Demonstrating capital discipline, Ally maintained its regular quarterly dividend and repurchased shares while maintaining over $45 billion in total available liquidity.
Revenue Trend Analysis
YoY Change
-0.7%
9-Year CAGR
+5.8%
Peak Year
2022
Trend
Consistent Growth
Ally Bank has 10 full fiscal year figures on this page, compounding at +5.8% annually over 9 years. The most recent year saw a 0.7% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $8.4B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $8.2B | $820M | -0.7% |
| FY2023 | $8.2B | $984M | -2.6% |
| FY2022 | $8.4B | $1.6B | +2.8% |
| FY2021 | $8.2B | $3.1B | +22.4% |
| FY2020 | $6.7B | $1.1B | +4.8% |
| FY2019 | $6.4B | $1.7B | +8.9% |
| FY2018 | $5.9B | $1.3B | +1.7% |
| FY2017 | $5.8B | $929M | +6.4% |
| FY2016 | $5.4B | $1B | +10.5% |
| FY2015 | $4.9B | -$1.3B | — |
Click any row to see year details.
Keep researching Ally Bank
Ally Bank Revenue and Financial FAQ
What was Ally Bank's total revenue and net income in FY2024?
In FY2024, Ally Financial reported total net revenue of $8.15 billion and net income of $820 million, reflecting an operating net margin of 10.06% amid elevated retail deposit funding costs and disciplined prime automotive credit underwriting.
What is the scale of Ally Bank's retail deposit base and total assets?
Ally Bank maintains approximately $195 billion in total consolidated assets and holds over $145 billion in retail deposits from more than 3 million direct consumer banking customers, representing roughly 90% of the institution's overall deposit funding structure.
How did Ally Bank perform across the 2015 to 2024 decade?
Between 2015 and 2024, Ally grew annual revenues from $4.92 billion to $8.15 billion, navigating subprime exit costs in 2015 (-$1.27B net loss) to peak profitability of $3.06 billion in 2021 before stabilizing around $820 million in FY2024 as interest rates rose.
What is Ally's average consumer auto borrower credit profile?
Ally focuses on prime consumer automotive lending, maintaining an average borrower FICO credit score exceeding 720 on new retail loan originations to minimize credit loss volatility.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Ally Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/ally-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Ally Bank reported $8.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/ally-bank/financials" target="_blank" rel="noopener">CorpDigest — Ally Bank financials</a></div>Related Financial Audits
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