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COF-PL

Capital One Financial Corporation

COF-PL

Capital One Financial Corporation • NYSE
$16.85 ▲ 1.20% (+0.20)
Market Cap $133.76 B
52w High $19.01
52w Low $15.42
Dividend Yield 1.09%
P/E 0.66
Volume 41.18K
Outstanding Shares 7.94B

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 Q2-2024Q3-2024Q4-2024Q3-2025
Interchange Fees Contracts
Interchange Fees Contracts
 $1.25Bn ▲$1.23Bn ▼$2.40Bn ▲$1.81Bn ▼
Other Contract Revenue
Other Contract Revenue
 $120.00M ▲$100.00M ▼$350.00M ▲$180.00M ▼
Service Charges And Other Customer Fees Contracts
Service Charges And Other Customer Fees Contracts
 $100.00M ▲$120.00M ▲$250.00M ▲$290.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Capital One has grown its top line steadily over the past five years as loan volumes and card spending have increased. Profitability, however, tells a more cyclical story: earnings were unusually strong in 2021, then pulled back as credit conditions normalized and costs rose. In the last two years, profits have been lower than the peak but relatively stable, suggesting a business that is solidly profitable yet more exposed to the credit cycle than a traditional bank. Overall, revenue momentum is good, but margins are tighter than during the post‑pandemic boom, and results remain sensitive to consumer credit quality and funding costs.

Balance Sheet

Balance Sheet The balance sheet has expanded gradually, with total assets climbing each year. Cash levels are healthy and much stronger than a few years ago, giving the company flexibility to manage volatility and support growth. Debt has risen over time but not dramatically, and shareholders’ equity has been building back up after a dip, indicating retained profitability. From a high level, the balance sheet looks robust for a large lender, but it still carries the usual risks of a credit card–heavy book: exposure to consumer downturns and the need for careful capital and reserve management, especially as it digests the Discover acquisition.

Cash Flow

Cash Flow Capital One generates solid cash flow from its operations, and this has generally improved compared with the earlier years in the period. Free cash flow has stayed comfortably positive even after funding technology investments and other capital spending, which themselves remain relatively modest. This pattern points to a business that throws off ample cash to reinvest, absorb credit losses, and support dividends or buybacks when management chooses, though cash generation will always ebb and flow with the credit cycle and funding environment.

Competitive Edge

Competitive Edge Within credit cards and consumer lending, Capital One is one of the major players, with a well‑known brand and a wide range of products that reach both prime and near‑prime customers. Its long‑standing reliance on data and analytics gives it an edge in targeting and pricing risk compared with more traditional lenders. The Discover acquisition, if successfully integrated, deepens its moat by adding a proprietary payment network and broadening its reach across merchants and customers. At the same time, Capital One still faces intense competition from other card issuers, large banks, fintechs, and the dominant global networks, so maintaining this edge will require continued execution and risk discipline.

Innovation and R&D

Innovation and R&D Capital One behaves more like a tech company than a typical bank, having gone early and aggressively into cloud computing, in‑house software development, and the use of artificial intelligence. It applies advanced data and AI across fraud detection, marketing, and credit risk, and has even begun commercializing internal tools like its Slingshot software. The company also experiments with differentiated customer experiences, such as its mobile app, virtual assistant, and café branches. Adding Discover’s network and data should further enrich its AI capabilities and open up new payment innovations, but it also raises execution risk as systems, cultures, and platforms are combined.

Summary

Capital One today looks like a large, tech‑driven lender with steady revenue growth, solid but cyclical earnings, and a generally strong balance sheet and cash‑flow profile. Its strengths lie in data‑driven underwriting, a recognized consumer brand, and a deep commitment to cloud and AI, all of which support its competitive position in credit cards and consumer banking. The Discover acquisition has the potential to transform its role in the payments ecosystem and widen its moat, but it also adds integration complexity and regulatory scrutiny. Overall, the story is of a capable, innovative financial institution that benefits from scale and technology, while remaining meaningfully exposed to consumer credit cycles, interest‑rate conditions, and the challenges of large‑scale integration.