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COF-PJ

Capital One Financial Corporation

COF-PJ

Capital One Financial Corporation • NYSE
$18.20 ▼ -0.22% (-0.04)
Market Cap $133.41 B
52w High $20.30
52w Low $16.97
Dividend Yield 1.20%
P/E 0.71
Volume 91.67K
Outstanding Shares 7.33B

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 Q1-2024Q2-2024Q3-2024Q4-2024
Interchange Fees Contracts
Interchange Fees Contracts
 $1.15Bn ▲$1.25Bn ▲$1.23Bn ▼$2.51Bn ▲
Other Contract Revenue
Other Contract Revenue
 $170.00M ▲$120.00M ▼$100.00M ▼$300.00M ▲
Service Charges And Other Customer Fees Contracts
Service Charges And Other Customer Fees Contracts
 $80.00M ▲$100.00M ▲$120.00M ▲$270.00M ▲

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. Profitability, however, tells a more nuanced story. Earnings were exceptionally strong a few years ago, then eased back and have stayed at a more normal, but still healthy, level. This pattern is typical for a lender moving from a very favorable credit environment into a more average one, with higher credit costs and operating expenses weighing on margins. Overall, the company is clearly profitable, but the peak earnings of the past look more like a one‑off high point than a new baseline.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually stronger over time. Total assets and shareholder equity have both trended upward, which supports capacity for future growth and risk‑taking. Cash levels are robust relative to the past, giving the company flexibility to manage volatility in credit markets or fund strategic moves. Debt has grown at a measured pace and remains well supported by the size of the balance sheet and equity base. In plain terms, Capital One appears to be operating from a position of financial strength rather than stretch.

Cash Flow

Cash Flow Cash generation is a clear bright spot. Operating cash flow has been consistently strong, and free cash flow has followed closely behind, helped by relatively modest investment needs in physical assets. There was a dip in cash flow during the unusually strong earnings year, but it has since recovered and remained healthy. This pattern suggests a business that converts its earnings into cash reliably, giving management room to absorb economic swings, invest in technology, and pursue deals like the Discover acquisition without overreliance on new borrowing.

Competitive Edge

Competitive Edge Capital One holds a powerful position in credit cards and consumer lending, supported by a well‑known brand and large customer base. Its early and deep commitment to cloud computing, data, and software engineering sets it apart from more traditional banks that still depend on legacy systems. The planned integration of Discover’s payment network meaningfully strengthens its strategic position by giving it an in‑house network rather than relying entirely on third‑party providers. Together, scale, data, technology, and brand create a competitive posture that is hard and slow for rivals to copy, though the company still faces the usual pressures from other large card issuers, payment networks, and fintechs.

Innovation and R&D

Innovation and R&D Innovation is a core part of Capital One’s identity. The company has rebuilt itself around cloud technology, heavy use of artificial intelligence, and in‑house software development. AI is embedded across marketing, fraud, and credit decisions, and customer‑facing tools like the Eno assistant show a clear push toward smart, digital experiences. Beyond banking, Capital One is commercializing its own software, offering data and cloud management tools to other enterprises, which is unusual for a bank and points to a more diversified, tech‑enabled future. The Discover deal should widen the canvas for new payment products, but it also introduces execution and integration risks that will take years to fully play out.

Summary

Capital One today looks like a mature, profitable lender that has layered a strong technology and data franchise on top of its traditional credit card and banking business. Revenues have climbed steadily, earnings have normalized from an unusually strong peak, and the balance sheet and cash flows provide a sturdy foundation. Its technology‑first culture, cloud migration, AI capabilities, and upcoming ownership of the Discover network give it strategic advantages that many peers lack. At the same time, it remains exposed to the usual risks of consumer credit cycles, regulatory scrutiny, and integration challenges from large acquisitions. Overall, the company combines solid financial underpinnings with an aggressive technology and payments strategy that could reshape its long‑term earnings profile, but with meaningful execution and economic uncertainty along the way.