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Capital One Financial Corporation

COF-PI

Capital One Financial Corporation • NYSE
$19.13 ▼ -0.26% (-0.05)
Market Cap $133.25 B
52w High $21.22
52w Low $17.75
Dividend Yield 1.25%
P/E 0.75
Volume 78.62K
Outstanding Shares 6.97B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $19.718B ▲ $8.263B ▲ $3.193B ▲ 16.193% ▲ $4.83 ▲ $6.214B ▲
Q2-2025 $16.41B ▲ $7.076B ▲ $-4.277B ▼ -26.063% ▼ $-8.58 ▼ $-4.918B ▼
Q1-2025 $13.405B ▼ $5.902B ▼ $1.404B ▲ 10.474% ▲ $3.46 ▲ $2.541B ▲
Q4-2024 $13.809B ▲ $6.089B ▲ $1.096B ▼ 7.937% ▼ $2.67 ▼ $2.273B ▼
Q3-2024 $13.798B $5.314B $1.777B 12.879% $4.42 $3.024B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $55.279B ▼ $661.877B ▲ $548.064B ▲ $113.813B ▲
Q2-2025 $63.144B ▲ $658.968B ▲ $548.012B ▲ $110.956B ▲
Q1-2025 $52.878B ▲ $493.604B ▲ $430.062B ▲ $63.542B ▲
Q4-2024 $47.084B ▼ $490.144B ▲ $429.36B ▲ $60.784B ▼
Q3-2024 $53.492B $486.433B $423.508B $62.925B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.192B ▲ $9.154B ▲ $-9.951B ▼ $-2.254B ▲ $-3.051B ▼ $8.767B ▲
Q2-2025 $-4.277B ▼ $6.066B ▲ $16.471B ▲ $-9.924B ▼ $12.613B ▲ $5.667B ▲
Q1-2025 $1.404B ▲ $4.667B ▲ $845M ▲ $-218M ▼ $5.294B ▲ $4.319B ▲
Q4-2024 $1.096B ▼ $2.448B ▼ $-14.249B ▼ $5.753B ▲ $-6.048B ▼ $2.092B ▼
Q3-2024 $1.777B $6.458B $-6.304B $1.736B $1.89B $6.146B

Revenue by Products

Product Q3-2023Q2-2024Q3-2024Q4-2024
Interchange Fees Contracts
Interchange Fees Contracts
 $1.23Bn ▲$1.25Bn ▲$1.23Bn ▼$3.65Bn ▲
Other Contract Revenue
Other Contract Revenue
 $140.00M ▲$120.00M ▼$100.00M ▼$470.00M ▲
Service Charges And Other Customer Fees Contracts
Service Charges And Other Customer Fees Contracts
 $100.00M ▲$100.00M ▲$120.00M ▲$340.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Capital One’s revenue has grown steadily over the past five years, showing that the core business continues to expand despite economic ups and downs. Profitability peaked earlier in the period and has since come down, mainly as credit losses normalized after unusually strong conditions in 2021. Even with that reset, earnings remain solid and relatively stable in the most recent years, which suggests the company is managing risk and growth in a reasonably balanced way. Overall, this looks like a mature, large-scale lender that is still growing but no longer in a “boosted” profit environment.

Balance Sheet

Balance Sheet The balance sheet has gradually grown, with total assets and shareholder equity both moving higher over time, which points to a business that is scaling rather than shrinking. Cash levels are strong and have stayed broadly stable, giving the company flexibility to absorb shocks and fund operations. Debt has inched up but not in a way that looks extreme relative to the size of the firm, so leverage appears controlled for a large financial institution. In simple terms, Capital One looks well-capitalized with a solid cushion to support its lending and credit card activities.

Cash Flow

Cash Flow Capital One generates healthy cash from its core operations, and that cash generation has generally been stronger in the more recent years than earlier in the period. After only modest spending on technology and other fixed investments, there is usually a comfortable amount of free cash left over. This suggests the company can both invest in its digital and data capabilities and still have room for things like capital returns or balance sheet strengthening. For a lender, these cash patterns are a sign of a business that is self-funding its growth rather than relying heavily on outside financing.

Competitive Edge

Competitive Edge Capital One is a major player in U.S. credit cards and consumer lending, with a brand that is widely recognized and strongly associated with rewards cards and digital banking. Its long-standing focus on data and testing gives it an edge in pricing risk, targeting customers, and managing credit quality versus more traditional banks. That said, it competes in a very crowded space with large banks, card networks, and fintechs, all of which are investing heavily in technology and marketing. The planned Discover acquisition, if fully realized and approved, could significantly strengthen its position by combining a large card portfolio with its own payments network, but also adds execution and regulatory risk.

Innovation and R&D

Innovation and R&D Capital One behaves more like a tech company than a typical bank, with heavy emphasis on cloud computing, in‑house engineering, and large‑scale use of machine learning. Its early move to the public cloud and constant experimentation culture allow it to roll out new features and refine underwriting and fraud models quickly. The company has built proprietary tools, such as Slingshot for data management, and invests in user‑friendly digital experiences like advanced mobile apps, virtual cards, and credit tracking tools. Looking ahead, integrating Discover’s payments network could open the door to more differentiated card products, new reward structures, and deeper data insights, though realizing that vision will require careful integration and sustained investment.

Summary

Overall, Capital One comes across as a large, established credit and banking franchise with a solid earnings base, a generally robust balance sheet, and strong cash generation. The business has moved past an unusually profitable period and now looks more like a steady, scaled lender managing typical credit and economic cycles. Its main distinguishing feature is the depth of its technology and data capabilities, which support both risk management and customer experience. The potential combination with Discover could be transformative, expanding its reach into the payments infrastructure itself, but it also introduces integration complexity and regulatory uncertainty that will need to be watched over time.