General Motors CompanyNYSE: GM

GM Financial Reports Third Quarter 2026 Operating Results

· Issued by General Motors Company via Business Wire

Summary by 6ix AI

GM Financial, the wholly owned lending arm (captive finance subsidiary) of General Motors Company, had net income of $487 million for the quarter ended September 30, 2026, compared to $589 million for the quarter ended September 30, 2025.

Key details

  • Net income for the nine months ended September 30, 2026 was $1.4 billion, compared to $1.6 billion for the nine months ended September 30, 2025.
  • New retail loans (retail loan originations) were $9.9 billion for the quarter ended September 30, 2026, compared to $10.0 billion for the quarter ended June 30, 2026 and $8.8 billion a year earlier. New operating leases were $3.7 billion, compared to $4.1 billion and $5.0 billion.
  • Retail loans 31-60 days past due were 2.6% of the portfolio at September 30, 2026, versus 2.3% a year earlier; loans more than 60 days past due were 1.0%, versus 0.9%. Annualized net charge-offs (loans written off, less recoveries) were 1.6% of average retail finance receivables for the quarter, versus 1.2%.
  • The outstanding balance of retail finance receivables was $76.7 billion at September 30, 2026, compared to $75.9 billion at September 30, 2025; commercial finance receivables were $18.0 billion, compared to $17.1 billion.
  • Total available liquidity was $28.0 billion at September 30, 2026, including $4.7 billion of cash, cash equivalents and marketable debt securities and $19.1 billion of borrowing capacity under secured credit facilities.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/gm-financial-reports-third-quarter-2026-operating-results

Watch General Motors explain itGeneral Motors (NYSE:GM) Q3 2026 Earnings Call · Replay · Oct 20, 2026 · From 1:39 · GM Performance and Business Outlook

FORT WORTH, Texas--(BUSINESS WIRE)--GENERAL MOTORS FINANCIAL COMPANY, INC.

(“GM Financial” or the “Company”) announced net income of $487 million for the quarter ended September 30, 2026, compared to $589 million for the quarter ended September 30, 2025. Net income for the nine months ended September 30, 2026 was $1.4 billion, compared to $1.6 billion for the nine months ended September 30, 2025.

Retail loan originations were $9.9 billion for the quarter ended September 30, 2026, compared to $10.0 billion for the quarter ended June 30, 2026, and $8.8 billion for the quarter ended September 30, 2025. Retail loan originations for the nine months ended September 30, 2026 were $28.2 billion, compared to $27.9 billion for the nine months ended September 30, 2025. The outstanding balance of retail finance receivables was $76.7 billion at September 30, 2026, compared to $76.1 billion at June 30, 2026 and $75.9 billion at September 30, 2025.

Operating lease originations were $3.7 billion for the quarter ended September 30, 2026, compared to $4.1 billion for the quarter ended June 30, 2026 and $5.0 billion for the quarter ended September 30, 2025. Operating lease originations for the nine months ended September 30, 2026 were $11.9 billion, compared to $15.3 billion for the nine months ended September 30, 2025. Leased vehicles, net was $32.2 billion at September 30, 2026, compared to $32.9 billion at June 30, 2026 and $33.6 billion at September 30, 2025.

The outstanding balance of commercial finance receivables was $18.0 billion at September 30, 2026, compared to $16.5 billion at June 30, 2026 and $17.1 billion at September 30, 2025.

Retail finance receivables 31-60 days delinquent were 2.6% of the portfolio at September 30, 2026 and 2.3% at September 30, 2025. Accounts more than 60 days delinquent were 1.0% of the portfolio at September 30, 2026 and 0.9% at September 30, 2025.

Annualized net charge-offs were 1.6% of average retail finance receivables for the quarter ended September 30, 2026 and 1.2% for the quarter ended September 30, 2025. For the nine months ended September 30, 2026, annualized retail net charge-offs were 1.5%, compared to 1.2% for the nine months ended September 30, 2025.

The Company had total available liquidity of $28.0 billion at September 30, 2026, consisting of $4.7 billion of cash, cash equivalents and marketable debt securities, $19.1 billion of borrowing capacity under secured credit facilities, $1.2 billion of borrowing capacity under committed unsecured credit facilities, $1.0 billion of borrowing capacity under the Junior Subordinated Revolving Credit Facility from GM, and $2.0 billion of borrowing capacity under the GM Revolving 364-Day Credit Facility.

About GM Financial

General Motors Financial Company, Inc. is the wholly owned captive finance subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. Additional materials addressing the Company’s results of operations for the quarter ended September 30, 2026 can be accessed via the Investor Relations section of the Company’s website at https://investor.gmfinancial.com.

General Motors Financial Company, Inc.

Condensed Consolidated Statements of Income

(Unaudited, in millions)

 

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Revenue

Finance charge income

$

2,062

$

2,060

$

6,034

$

6,132

Leased vehicle income

1,939

1,968

5,893

5,810

Other income

311

309

927

813

Total revenue

4,312

4,337

12,854

12,755

Costs and expenses

Operating expenses

642

545

1,836

1,581

Leased vehicle expenses

1,112

1,101

3,458

3,206

Provision for loan losses

340

244

996

926

Interest expense

1,558

1,651

4,638

4,886

Total costs and expenses

3,651

3,542

10,928

10,599

Equity income (loss)

8

9

35

37

Income (loss) before income taxes

668

804

1,962

2,193

Income tax expense (benefit)

181

215

529

594

Net income (loss)

487

589

1,433

1,598

Less: cumulative dividends on preferred stock

30

30

89

89

Net income (loss) attributable to common shareholder

$

458

$

560

$

1,344

$

1,510

 

Amounts may not add due to rounding.

Condensed Consolidated Balance Sheets

(Unaudited, in millions)

 

September 30, 2026

December 31, 2025

ASSETS

Cash and cash equivalents

$

4,431

$

5,826

Finance receivables, net of allowance for loan losses of $2,895 and $2,725

91,780

90,045

Leased vehicles, net

32,244

33,686

Goodwill and intangible assets

1,180

1,177

Equity in net assets of nonconsolidated affiliates

992

1,117

Related party receivables

560

515

Other assets

9,955

8,110

Total assets

$

141,141

$

140,477

LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

Secured debt

$

49,484

$

46,904

Unsecured debt

63,460

67,127

Deferred income

2,206

2,494

Related party payables

226

136

Other liabilities

9,603

8,004

Total liabilities

124,978

124,664

Total shareholders' equity

16,163

15,813

Total liabilities and shareholders' equity

$

141,141

$

140,477

 

Amounts may not add due to rounding.

Operational and Financial Data

(Unaudited, Dollars in millions)

Amounts may not add due to rounding

 

Three Months Ended September 30,

Nine Months Ended September 30,

Originations

2026

2025

2026

2025

Retail finance receivables originations

$

9,863

$

8,812

$

28,163

$

27,910

Lease originations

3,721

4,956

11,897

15,338

Total originations

$

13,584

$

13,768

$

40,060

$

43,248

 

Three Months Ended September 30,

Nine Months Ended September 30,

Average Earning Assets

2026

2025

2026

2025

Average retail finance receivables

$

76,690

$

76,799

$

75,824

$

77,098

Average commercial finance receivables

17,032

16,589

16,319

17,138

Average finance receivables

93,722

93,388

92,143

94,236

Average leased vehicles, net

32,613

33,377

33,118

32,698

Average earning assets

$

126,335

$

126,765

$

125,262

$

126,934

Ending Earning Assets

September 30, 2026

December 31, 2025

Retail finance receivables

$

76,651

$

75,404

Commercial finance receivables

18,024

17,365

Leased vehicles, net

32,244

33,686

Ending earning assets

$

126,919

$

126,456

 

Finance Receivables

September 30, 2026

December 31, 2025

Retail

Retail finance receivables

$

76,651

$

75,404

Less: allowance for loan losses

(2,826

)

(2,656

)

Total retail finance receivables, net

73,825

72,748

Commercial

Commercial finance receivables

18,024

17,365

Less: allowance for loan losses

(69

)

(68

)

Total commercial finance receivables, net

17,955

17,297

Total finance receivables, net

$

91,780

$

90,045

Allowance for Loan Losses

September 30, 2026

December 31, 2025

Allowance for loan losses as a percentage of retail finance receivables

3.7

%

3.5

%

Allowance for loan losses as a percentage of commercial finance receivables

0.4

%

0.4

%

 

Delinquencies

September 30, 2026

September 30, 2025

Loan delinquency as a percentage of retail finance receivables:

31 - 60 days

2.6

%

2.3

%

Greater than 60 days

1.0

0.9

Total

3.7

%

3.2

%

Three Months Ended September 30,

Nine Months Ended September 30,

Charge-offs and Recoveries

2026

2025

2026

2025

Charge-offs

$

563

$

494

$

1,639

$

1,461

Less: recoveries

(259

)

(257

)

(810

)

(778

)

Net charge-offs

$

303

$

237

$

829

$

683

Net charge-offs as an annualized percentage of average retail finance receivables

1.6

%

1.2

%

1.5

%

1.2

%

             

Three Months Ended September 30,

Nine Months Ended September 30,

Operating Expenses

2026

2025

2026

2025

Operating expenses as an annualized percentage of average earning assets

2.0

%

1.7

%

2.0

%

 

1.7

%

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