Capital One Financial Corp. (COF) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.69	$5.81	+23.9%	—	—	—
Q4 26	$2.91	$3.09	+6.2%	—	—	—
Q3 26	$4.14	$3.86	-6.8%	—	—	—
Q2 26	$4.36	$5.95	+36.5%	—	—	—
Q1 26	$3.72	$5.48	+47.3%	—	—	—
Q4 25	$3.65	$4.06	+11.2%	—	—	—
Q3 25	$2.8	$3.09	+10.4%	—	—	—
Q2 25	$3.76	$4.51	+19.9%	—	—	—
Q1 25	$3.39	$3.14	-7.4%	—	—	—
Q4 24	$3.38	$3.21	-5.0%	—	—	—
Q3 24	$2.67	$2.24	-16.1%	—	—	—
Q2 24	$3.25	$4.45	+36.9%	—	—	—
Q1 24	$3.23	$3.52	+9.0%	—	—	—
Q4 23	$3.92	$2.31	-41.1%	—	—	—
Q3 23	$3.84	$2.82	-26.6%	—	—	—
Q2 23	$5.04	$4.2	-16.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.03	—	—	$53.4B	—
FY24	—	$11.6	—	—	$39.1B	—
FY23	—	$12	—	—	$36.8B	—
FY22	—	$18	—	—	$34.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$25.5B	$27.2B	$27.6B	$28.6B	$28.5B	$30.4B	$34.3B	$36.8B	$39.1B	$53.4B
YoY change	+8.92%	+6.81%	+1.25%	+3.68%	-0.24%	+6.7%	+12.5%	+7.41%	+6.32%	+36.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	25.5B	27.2B	27.6B	28.6B	28.5B	30.4B	34.3B	36.8B	39.1B	53.4B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	7B	7.6B	7.9B	8.7B	8.4B	10.3B	12.4B	13.3B	14B	18.4B
Operating expenses	7B	7.6B	7.9B	8.7B	8.4B	10.3B	12.4B	13.3B	14B	18.4B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	5.5B	5.5B	7.3B	6.9B	3.2B	15.8B	9.2B	6B	5.9B	2.3B
Income tax	1.7B	3.4B	1.3B	1.3B	486M	3.4B	1.9B	1.2B	1.2B	193M
Net income	3.8B	2B	6B	5.5B	2.7B	12.4B	7.4B	4.9B	4.8B	2.5B
Net margin	14.7%	7.28%	21.8%	19.4%	9.52%	40.7%	21.5%	13.3%	12.1%	4.59%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	6.96	3.52	11.9	11.1	5.19	27	18	12	11.6	4.03
Diluted EPS	6.89	3.49	11.8	11.1	5.18	26.9	17.9	11.9	11.6	4.03

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	9.4B	9.5B	9.4B	9.5B	10B	10.2B	10B	12.6B	15.5B	15.4B	15.2B	15.8B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.2B	3.5B	3.5B	3.3B	3.5B	3.7B	3.7B	4.3B	4.9B	5.4B	5.2B	5.4B
Operating expenses	3.2B	3.5B	3.5B	3.3B	3.5B	3.7B	3.7B	4.3B	4.9B	5.4B	5.2B	5.4B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	2.2B	932M	1.6B	651M	2.2B	1.5B	1.7B	-5.9B	4.4B	2.1B	2.7B	3.8B
Income tax	432M	226M	302M	54M	441M	366M	325M	-1.7B	1.2B	345M	518M	798M
Net income	1.8B	706M	1.3B	597M	1.8B	1.1B	1.4B	-4.3B	3.2B	2.1B	2.2B	3B
Net margin	19.1%	7.43%	13.6%	6.28%	17.7%	10.8%	14%	-34%	20.6%	13.9%	14.3%	19.1%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	4.46	1.67	3.14	1.39	4.42	2.67	3.46	-8.58	4.83	3.26	3.34	4.73
Diluted EPS	4.45	1.67	3.13	1.38	4.41	2.67	3.45	-8.58	4.83	3.26	3.34	4.73

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	44B	48.2B	36.3B	48.1B	45.3B	64.2B	—	50.1B	68.2B	—	120.5B
Enterprise value	52.8B	56.2B	35.5B	10.9B	-55.8B	-10.5B	—	53.7B	66.1B	—	126B
Shares outstanding	504.9M	484.2M	479.9M	467.6M	457.8M	442.5M	391.8M	382.4M	382.7M	540.7M	540.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	11.7	24.3	6.03	8.68	16.7	5.18	—	10.3	14.4	—	11.1
P/S	1.73	1.77	1.32	1.68	1.59	2.11	—	1.36	1.74	—	2.53
P/B	0.93	0.99	0.7	0.83	0.75	1.05	—	0.86	1.12	—	1.18
EV/Sales	2.07	2.06	1.29	0.38	-1.96	-0.35	—	1.46	1.69	—	2.62
Earnings yield	8.52%	4.11%	16.6%	11.5%	6%	19.3%	—	9.75%	6.96%	—	8.97%
FCF yield	25.1%	27.3%	33.4%	32.7%	35.3%	18.1%	—	39.1%	24.8%	—	1.81%
PEG	—	—	—	—	—	—	—	—	—	—	-0.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	33.6%
Net margin	14.7%	7.28%	21.8%	19.4%	9.52%	40.7%	21.5%	13.3%	12.1%	4.59%	21.9%
ROE	7.89%	4.07%	11.6%	9.56%	4.51%	20.3%	14%	8.41%	7.81%	2.16%	9.03%
ROA	—	—	—	—	—	—	—	—	0.97%	0.37%	1.52%
Return on tangible assets	—	—	—	—	—	—	—	—	1.03%	0.42%	1.82%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.25	1.23	1.13	0.95	0.66	0.69	0.91	0.85	0.74	0.44	0
Debt / assets	—	—	—	—	—	—	—	—	0.09	0.08	0.07
Effective tax rate	31.3%	61.5%	17.7%	19.5%	15.2%	21.6%	20.3%	19.2%	19.7%	8.46%	21.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	50.5	56.3	57.5	61.1	62.3	68.8	87.4	96.2	102.2	98.8	76.5
EPS (basic)	6.96	3.52	11.9	11.1	5.19	27	18	12	11.6	4.03	4.03
EPS (diluted)	6.89	3.49	11.8	11.1	5.18	26.9	17.9	11.9	11.6	4.03	17.8
Book value per share	94.1	100.6	107.7	124.1	131.5	137.9	134.2	151.9	158.8	210.1	167.9
FCF per share	21.9	27.2	25.2	33.7	34.9	26.2	32.9	51.3	44.3	48.3	47.8
Cash per share	100.4	106.8	123.6	198.1	307.9	264.4	275.1	119.7	123	114.1	92.3
Capex per share	1.54	2.1	1.82	1.9	1.55	1.58	2.38	2.51	3.15	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.05%	3.74%	3.17%	3.1%	2.49%	2.29%	2.73%	2.61%	3.08%	—	—
Capex / operating cash flow	14.3%	14.3%	11.7%	8.47%	11%	4.89%	11.5%	9.51%	18.9%	—	—
Payout ratio	27.4%	52.7%	17.3%	18.7%	27.3%	11.5%	16%	23.7%	24.4%	72.1%	16.5%
Dividend yield	2.33%	2.17%	2.86%	2.15%	1.64%	2.21%	—	2.31%	1.7%	—	1.63%

Yield

1.63%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.80

ex-dividend Aug 17, 2026

Payout ratio

17%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.80
May 19, 2026	$0.80
Feb 19, 2026	$0.80

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$9.4B	$9.5B	$9.4B	$9.5B	$10B	$10.2B	$10B	$12.6B	$15.5B	$15.4B	$15.2B	$15.8B
YoY change	+6.37%	+5.15%	+5.6%	+5.48%	+6.92%	+7.2%	+6.36%	+32.3%	+54.4%	+51.1%	+52.3%	+26%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	50.7B	51.7B	59.3B	92.6B	141B	117B	107.8B	45.8B	47.1B	61.7B
Receivables	1.4B	1.5B	1.6B	1.8B	1.5B	1.5B	2.1B	2.5B	2.5B	3.5B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	717M	731M	197M	475M	545M	356M	6M	78M	235M	1B
Goodwill & intangibles	29B	29.1B	29.6B	29.8B	29.8B	30.1B	29.6B	30.1B	30.1B	90.2B
Total assets	—	—	—	—	—	—	—	—	490.1B	669B
Accounts payable	327M	413M	458M	439M	352M	281M	527M	649M	666M	844M
Short-term debt	17.2B	8.6B	9.1B	7B	—	—	—	—	—	500M
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	42.3B	51.1B	49.5B	48.4B	39.9B	42.3B	47.8B	49.3B	45B	49.9B
Total liabilities	—	—	—	—	—	—	—	—	429.4B	555.4B
Shareholders' equity	47.5B	48.7B	51.7B	58B	60.2B	61B	52.6B	58.1B	60.8B	113.6B
Total debt	59.5B	59.7B	58.6B	55.4B	39.9B	42.3B	47.8B	49.3B	45B	50.4B
Net debt	49.5B	45.7B	45.4B	42B	-638M	20.5B	17B	6B	1.8B	-7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	47B	45.8B	53.8B	50.2B	53.5B	47.1B	52.9B	63.1B	59B	61.7B	78.7B	56.7B
Receivables	2.5B	2.5B	2.5B	2.5B	2.6B	2.5B	2.6B	3.4B	3.5B	3.5B	3.5B	3.4B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	78M	—	—	—	235M	—	—	—	1B	—	—
Goodwill & intangibles	30.1B	30.1B	30.1B	30.1B	30.2B	30.1B	30.1B	93B	91.8B	90.2B	89.2B	95.9B
Total assets	—	—	481.7B	480B	486.4B	490.1B	493.6B	659B	661.9B	669B	682.9B	673.8B
Accounts payable	685M	649M	762M	668M	705M	666M	646M	888M	826M	844M	827M	816M
Short-term debt	—	—	—	—	—	—	—	—	—	500M	—	0
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	48.7B	49.3B	49.8B	47.2B	48.8B	45B	41.2B	51.9B	50.9B	49.9B	51.3B	44.7B
Total liabilities	—	—	—	422B	423.5B	429.4B	430.1B	548B	548.1B	555.4B	570.6B	560B
Shareholders' equity	53.7B	58.1B	57.8B	58B	62.9B	60.8B	63.5B	111B	113.8B	113.6B	112.3B	113.8B
Total debt	48.7B	49.3B	49.8B	47.2B	48.8B	45B	41.2B	51.9B	50.9B	50.4B	51.3B	44.7B
Net debt	3.9B	6B	-1.2B	1.8B	-482M	1.8B	-7.4B	-7.2B	-4.4B	-7B	-25.2B	-10B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.8B	2B	6B	5.5B	2.7B	12.4B	7.4B	4.9B	4.8B	2.5B
Depreciation & amortization	2.4B	2.4B	2.4B	3.3B	3.5B	3.5B	3.2B	3.2B	3.2B	5.3B
Stock-based compensation	239M	244M	170M	239M	203M	331M	314M	513M	569M	776M
Change in working capital	-25M	371M	-1.1B	774M	2.4B	-2.6B	-2.9B	2.3B	-1.6B	1.3B
Operating cash flow	5.4B	7.1B	7.5B	10.5B	6.5B	14.3B	8.2B	10.1B	6.4B	27.7B
Capital expenditure	-779M	-1B	-874M	-887M	-710M	-698M	-934M	-961M	-1.2B	—
Investing cash flow	-5.1B	-5.2B	-19.1B	-4.3B	-21.4B	-174M	4.1B	-6.4B	-8B	24.1B
Dividends paid	-1B	-1B	-1B	-1B	-740M	-1.4B	-1.2B	-1.2B	-1.2B	-1.8B
Share repurchases	-3.7B	-240M	-2.3B	-2.5B	-1.8B	-9.7B	-4.9B	-718M	-734M	-4.6B
Financing cash flow	-3.4B	-3.8B	-4.3B	-6B	-17.4B	-5.3B	2.6B	-1.3B	-6B	-14.8B
Net change in cash	-3.1B	-1.8B	-16B	173M	-32.4B	8.8B	14.8B	2.4B	-7.6B	37B
Free cash flow	11.1B	13.2B	12.1B	15.8B	16B	11.6B	12.9B	19.6B	17B	26.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.8B	706M	1.3B	597M	1.8B	1.1B	1.4B	-4.3B	3.2B	2.1B	2.2B	3B
Depreciation & amortization	852M	798M	806M	811M	806M	814M	812M	1B	1.8B	1.6B	1.5B	1.6B
Stock-based compensation	95M	141M	193M	105M	127M	144M	177M	225M	174M	200M	131M	215M
Change in working capital	2B	2.7B	-1.2B	480M	1B	-1.8B	82M	-301M	753M	742M	-2.8B	637M
Operating cash flow	4.8B	4.2B	314M	2.3B	3.9B	-192M	2.3B	-5.3B	9.2B	7.8B	6B	8.4B
Capital expenditure	-259M	-261M	-247M	-289M	-312M	-356M	-348M	-399M	—	—	—	—
Investing cash flow	425M	-1.3B	-888M	-1.7B	-1.8B	-3.6B	-432M	10.9B	-2B	-1.6B	-1.1B	-1.7B
Dividends paid	-289M	-290M	-292M	-289M	-290M	-289M	-291M	-453M	-443M	-581M	-559M	-573M
Share repurchases	-157M	-158M	-249M	-163M	-161M	-161M	-375M	-667M	-1B	-2.5B	-2.8B	-2.7B
Financing cash flow	-1.1B	-1.1B	441M	-2.8B	-204M	-3.4B	-4.9B	-3.8B	-2.7B	-3.4B	-2.2B	-10.5B
Net change in cash	4.1B	1.9B	-133M	-2.2B	1.9B	-7.2B	-3B	1.9B	4.5B	2.8B	2.7B	-3.8B
Free cash flow	6.9B	6.8B	2.8B	6B	6.1B	2.1B	4.3B	5.7B	8.8B	7.4B	5.5B	8.1B

Capital One Financial Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history