FORD MOTOR CREDIT CO
CIK:0000038009|SEC Filings
CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Financing revenue | ||||
| Operating leases | $ 1,374 | $ 1,176 | $ 2,720 | $ 2,307 |
| Retail financing | 1,562 | 1,539 | 3,146 | 3,049 |
| Dealer financing | 538 | 661 | 1,078 | 1,330 |
| Other financing | 44 | 45 | 85 | 83 |
| Total financing revenue | 3,518 | 3,421 | 7,029 | 6,769 |
| Depreciation on vehicles subject to operating leases | (689) | (603) | (1,385) | (1,208) |
| Interest expense | (1,693) | (1,759) | (3,412) | (3,549) |
| Net financing margin | 1,136 | 1,059 | 2,232 | 2,012 |
| Other revenue | ||||
| Insurance premiums earned | 39 | 42 | 82 | 90 |
| Fee based revenue and other | 21 | 23 | 52 | 47 |
| Total financing margin and other revenue | 1,196 | 1,124 | 2,366 | 2,149 |
| Expenses | ||||
| Operating expenses | 361 | 443 | 729 | 796 |
| Provision for credit losses (Note 4) | 150 | 114 | 322 | 254 |
| Insurance expenses | 38 | 47 | 41 | 64 |
| Total expenses | 549 | 604 | 1,092 | 1,114 |
| Other income/(loss), net (Note 10) | 110 | 125 | 266 | 190 |
| Income before income taxes | 757 | 645 | 1,540 | 1,225 |
| Provision for/(Benefit from) income taxes | (318) | 102 | (210) | 258 |
| Net income | $ 1,075 | $ 543 | $ 1,750 | $ 967 |