NYSE : COF
Capital One Financial Corporation — Financial statements
Financials · Credit Services · United States
Last price 204.85 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 123.22B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 60.35B | 53.02B | 40.89B | 37.41B | 28.91B | 24.26B |
| Interest Income on Investments | 5.86B | 5.67B | 5.14B | 4.53B | 2.33B | 1.51B |
| Total Interest Income | 66.20B | 58.70B | 46.03B | 41.94B | 31.24B | 25.77B |
| Interest Paid on Deposits | 13.55B | 12.93B | 11.49B | 9.49B | 2.54B | 956.00M |
| Interest Paid on Borrowings | 2.78B | 2.89B | 3.33B | 3.21B | 1.59B | 642.00M |
| Total Interest Expense | 16.33B | 15.82B | 14.83B | 12.70B | 4.12B | 1.60B |
| Net Interest Income | 49.87B | 42.88B | 31.21B | 29.24B | 27.11B | 24.17B |
| Gain (Loss) on Sale of Investments | -40.00M | -35.00M | -34.00M | -9.00M | 2.00M | |
| Other Non-Interest Income | 13.18B | 10.56B | 7.94B | 7.58B | 7.14B | 6.26B |
| Total Non-Interest Income | 13.14B | 10.56B | 7.90B | 7.55B | 7.14B | 6.26B |
| Revenues Before Loan Losses | 63.01B | 53.43B | 39.11B | 36.79B | 34.25B | 30.43B |
| Provision for Loan Losses | 14.12B | 20.66B | 11.72B | 10.43B | 5.85B | -1.94B |
| Revenue | 48.89B | 32.78B | 27.40B | 26.36B | 28.40B | 32.38B |
| Salaries and Employee Benefits | 13.77B | 11.64B | 8.79B | 8.75B | 8.07B | 7.06B |
| Occupancy Expenses | 3.50B | 2.89B | 2.11B | 2.16B | 2.05B | 2.00B |
| Amortization of Goodwill & Intangibles | 2.03B | 1.33B | 77.00M | 82.00M | 60.00M | 29.00M |
| Selling, General & Administrative | 12.43B | 11.19B | 8.50B | 7.21B | 7.55B | 5.94B |
| Other Non-Interest Expense | 3.97B | 3.46B | 2.01B | 2.11B | 1.42B | 1.54B |
| Total Non-Interest Expense | 35.70B | 30.50B | 21.49B | 20.32B | 19.15B | 16.57B |
| EBT Excluding Unusual Items | 13.19B | 2.28B | 5.91B | 6.04B | 9.25B | 15.81B |
| Asset Writedown | -10.00M | |||||
| Pretax Income | 13.19B | 2.28B | 5.91B | 6.04B | 9.24B | 15.81B |
| Income Tax Expense | 2.69B | 193.00M | 1.16B | 1.16B | 1.88B | 3.42B |
| Earnings From Continuing Operations | 10.49B | 2.09B | 4.75B | 4.89B | 7.36B | 12.39B |
| Earnings From Discontinued Operations | 373.00M | 365.00M | 3.00M | -4.00M | ||
| Net Income | 10.87B | 2.45B | 4.75B | 4.89B | 7.36B | 12.39B |
| Preferred Dividends & Other Adjustments | 365.00M | 272.00M | 305.00M | 305.00M | 316.00M | 425.00M |
| Net Income to Common | 10.50B | 2.18B | 4.45B | 4.58B | 7.04B | 11.96B |
| Basic Shares Outstanding | 620.95M | 540.70M | 382.70M | 382.40M | 391.80M | 442.50M |
| Diluted Shares Outstanding | 621.62M | 541.30M | 383.60M | 383.40M | 393.20M | 444.20M |
| EPS (Basic) | 16.91 | 4.03 | 11.61 | 11.98 | 17.98 | 27.04 |
| EPS (Diluted) | 16.89 | 4.03 | 11.59 | 11.95 | 17.91 | 26.94 |
| Dividend Per Share | 3.20 | 2.60 | 2.40 | 2.40 | 2.40 | 2.00 |
| Effective Tax Rate | 20.43% | 8.46% | 19.68% | 19.16% | 20.35% | 21.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.89B | 57.43B | 43.23B | 43.30B | 30.86B | 21.75B |
| Investment Securities | 14.78B | 11.14B | 8.23B | 6.48B | 12.40B | |
| Trading Asset Securities | 1.79B | 1.18B | 1.67B | 1.96B | 2.15B | |
| Mortgage-Backed Securities | 89.77B | 77.62B | 73.15B | 71.96B | 70.46B | 82.98B |
| Total Investments | 89.77B | 94.19B | 85.47B | 81.86B | 78.90B | 97.53B |
| Gross Loans | 462.53B | 453.62B | 327.77B | 320.51B | 312.37B | 277.38B |
| Allowance for Loan Losses | -22.74B | -23.41B | -16.26B | -15.30B | -13.24B | -11.43B |
| Net Loans | 439.79B | 430.21B | 311.52B | 305.21B | 299.13B | 265.95B |
| Property, Plant & Equipment | 6.16B | 6.58B | 5.49B | 5.38B | 5.48B | 5.35B |
| Goodwill | 31.88B | 28.51B | 15.06B | 15.06B | 14.78B | 14.78B |
| Other Intangible Assets | 15.57B | 16.58B | 233.00M | 310.00M | 159.00M | 111.00M |
| Loans Held for Sale | 636.00M | 760.00M | 202.00M | 854.00M | 203.00M | 5.89B |
| Accrued Interest Receivable | 3.53B | 3.49B | 2.53B | 2.48B | 2.10B | 1.46B |
| Restricted Cash | 442.00M | 4.66B | 441.00M | 458.00M | 400.00M | 308.00M |
| Other Current Assets | 5.00M | 123.00M | 158.00M | 206.00M | ||
| Other Real Estate Owned & Foreclosed | 115.00M | 65.00M | 62.00M | 55.00M | 40.00M | |
| Other Long-Term Assets | 36.20B | 26.39B | 25.89B | 23.35B | 23.01B | 18.98B |
| Total Assets | 672.87B | 669.01B | 490.14B | 478.46B | 455.25B | 432.38B |
| Accrued Expenses | 11.10B | 8.20B | 7.40B | 6.80B | 6.20B | |
| Interest Bearing Deposits | 453.01B | 430.99B | 321.38B | 304.59B | 294.69B | 271.14B |
| Institutional Deposits | 17.40B | 15.20B | 15.80B | 6.10B | 1.80B | |
| Non-Interest Bearing Deposits | 27.69B | 27.39B | 26.12B | 28.02B | 32.20B | 38.04B |
| Total Deposits | 480.70B | 475.77B | 362.71B | 348.41B | 332.99B | 310.98B |
| Short-Term Borrowings | 612.00M | 2.71B | 2.29B | 2.87B | 4.20B | 2.14B |
| Current Portion of Long-Term Debt | 8.42B | |||||
| Current Portion of Leases | 254.00M | |||||
| Accrued Interest Payable | 782.00M | 844.00M | 666.00M | 649.00M | 527.00M | 281.00M |
| Long-Term Debt | 49.16B | 40.43B | 44.96B | 49.29B | 47.80B | 42.21B |
| Federal Home Loan Bank Debt, Long-Term | 1.04B | |||||
| Long-Term Leases | 1.03B | 1.29B | 1.34B | 1.49B | 1.54B | |
| Pension & Post-Retirement Benefits | 10.00M | 11.00M | 13.00M | 15.00M | 21.00M | |
| Other Long-Term Liabilities | 31.96B | 13.78B | 9.23B | 10.40B | 8.85B | 7.97B |
| Total Liabilities | 563.21B | 555.39B | 429.36B | 420.38B | 402.67B | 371.35B |
| Preferred Stock, Other | 4.42B | 5.41B | 4.84B | 4.84B | 4.84B | 4.84B |
| Total Preferred Equity | 4.42B | 5.41B | 4.84B | 4.84B | 4.84B | 4.84B |
| Common Stock | 7.00M | 7.00M | 7.00M | 7.00M | 7.00M | 7.00M |
| Additional Paid-In Capital | 59.98B | 58.62B | 31.58B | 30.70B | 29.88B | 29.27B |
| Retained Earnings | 72.21B | 65.19B | 64.50B | 60.95B | 57.18B | 51.01B |
| Treasury Stock | -16.95B | -10.15B | -30.87B | -30.14B | -29.42B | -24.47B |
| Comprehensive Income & Other | -10.01B | -5.47B | -9.29B | -8.27B | -9.92B | 374.00M |
| Total Common Equity | 105.24B | 108.21B | 55.94B | 53.24B | 47.74B | 56.18B |
| Shareholders' Equity | 109.66B | 113.62B | 60.78B | 58.09B | 52.58B | 61.03B |
| Total Liabilities & Equity | 672.87B | 669.01B | 490.14B | 478.46B | 455.25B | 432.38B |
| Total Debt | 49.77B | 53.89B | 48.54B | 53.50B | 53.49B | 45.90B |
| Net Cash (Debt) | -885.00M | 5.34B | -4.14B | -8.54B | -20.67B | -22.00B |
| Net Cash Per Share | -1.42 | 9.87 | -10.79 | -22.26 | -52.56 | -49.53 |
| Filing Date Shares Outstanding | 601.50M | 621.93M | 381.33M | 380.21M | 381.08M | 413.66M |
| Total Common Shares Outstanding | 601.50M | 625.10M | 381.23M | 380.39M | 381.32M | 413.86M |
| Book Value Per Share | 174.96 | 173.11 | 146.73 | 139.97 | 125.19 | 135.76 |
| Tangible Book Value | 57.79B | 63.12B | 40.65B | 37.87B | 32.80B | 41.29B |
| Tangible Book Value Per Share | 96.07 | 100.98 | 106.62 | 99.55 | 86.02 | 99.77 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.45B | 4.75B | 4.89B | 7.36B | 12.39B | |
| Depreciation & Amortization | 5.26B | 3.24B | 3.23B | 3.20B | 3.48B | |
| Gain (Loss) on Sale of Investments | 35.00M | 34.00M | 9.00M | -2.00M | ||
| Total Asset Writedown | 10.00M | |||||
| Provision for Credit Losses | 20.66B | 11.72B | 10.43B | 5.85B | -1.94B | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -510.00M | 182.00M | -170.00M | 857.00M | -18.00M | |
| Accrued Interest Receivable | -34.00M | -54.00M | -359.00M | -641.00M | 17.00M | |
| Change in Other Net Operating Assets | 1.48B | -1.53B | 2.56B | -2.46B | -2.52B | |
| Other Operating Activities | -2.28B | -788.00M | -672.00M | -732.00M | 651.00M | |
| Net Cash from Discontinued Operations | 84.00M | -4.00M | -3.00M | -6.00M | ||
| Operating Cash Flow | 27.72B | 18.16B | 20.57B | 13.81B | 12.31B | |
| Capital Expenditures | -1.58B | -1.20B | -961.00M | -934.00M | -698.00M | |
| Cash Acquisitions | 16.46B | -2.79B | -1.18B | -669.00M | ||
| Investment in Securities | 9.44B | -5.16B | -1.31B | 6.79B | 1.86B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -31.75B | -18.43B | -15.53B | -33.79B | -31.33B | |
| Other Investing Activities | 6.98B | -1.62B | -1.32B | -628.00M | -668.00M | |
| Investing Cash Flow | -444.00M | -26.41B | -21.92B | -29.74B | -31.50B | |
| Long-Term Debt Issued | 9.03B | 5.82B | 11.51B | 31.04B | 10.85B | |
| Long-Term Debt Repaid | -17.86B | -10.24B | -11.27B | -22.62B | -7.29B | |
| Net Debt Issued (Repaid) | -8.82B | -4.42B | 240.00M | 8.42B | 3.55B | |
| Issuance of Common Stock | 409.00M | 327.00M | 309.00M | 295.00M | 308.00M | |
| Repurchase of Common Stock | -4.10B | -734.00M | -718.00M | -4.95B | -7.61B | |
| Preferred Stock Issued | 2.05B | |||||
| Preferred Share Repurchases | -500.00M | -2.10B | ||||
| Common Dividends Paid | -1.52B | -932.00M | -931.00M | -950.00M | -1.15B | |
| Preferred Dividends Paid | -252.00M | -228.00M | -228.00M | -228.00M | -274.00M | |
| Total Dividends Paid | -1.77B | -1.16B | -1.16B | -1.18B | -1.42B | |
| Net Increase (Decrease) in Deposit Accounts | 5.93B | 14.16B | 15.17B | 22.54B | 5.69B | |
| Financing Cash Flow | -8.85B | 8.17B | 13.84B | 25.13B | 474.00M | |
| Net Cash Flow | 18.42B | -84.00M | 12.50B | 9.20B | -18.72B | |
| Free Cash Flow | 26.14B | 16.95B | 19.61B | 12.88B | 11.61B | |
| Free Cash Flow Margin | 79.75% | 61.89% | 74.41% | 45.33% | 35.86% | |
| Free Cash Flow Per Share | 48.29 | 44.20 | 51.16 | 32.74 | 26.14 | |
| Cash Interest Paid | 14.89B | 13.20B | 10.82B | 3.61B | 2.16B | |
| Cash Income Tax Paid | 806.00M | 1.10B | 1.35B | 1.85B | 2.53B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 126.78B | 154.08B | 68.03B | 49.94B | 35.48B | 61.75B |
| Last Close Price | 210.77 | 239.56 | 174.04 | 125.90 | 87.23 | 133.37 |
| PE Ratio | 12.48 | 70.64 | 15.30 | 10.90 | 5.04 | 5.16 |
| PS Ratio | 2.59 | 4.70 | 2.48 | 1.89 | 1.25 | 1.91 |
| PB Ratio | 1.20 | 1.36 | 1.12 | 0.86 | 0.68 | 1.01 |
| P/FCF Ratio | 4.27 | 5.89 | 4.01 | 2.55 | 2.76 | 5.32 |
| P/OCF Ratio | 4.03 | 5.56 | 3.75 | 2.43 | 2.57 | 5.02 |
| Debt / Equity Ratio | 0.45 | 0.47 | 0.80 | 0.92 | 1.02 | 0.75 |
| Debt / FCF Ratio | 2.06 | 2.86 | 2.73 | 4.15 | 3.95 | |
| Net Debt / Equity Ratio | 0.01 | -0.05 | 0.07 | 0.15 | 0.39 | 0.36 |
| Net Debt / FCF Ratio | -0.20 | 0.24 | 0.43 | 1.60 | 1.90 | |
| Return on Equity (ROE) | 9.39% | 2.39% | 7.99% | 8.83% | 12.96% | 20.45% |
| Return on Assets (ROA) | 1.57% | 0.36% | 0.98% | 1.05% | 1.66% | 2.90% |
| Earnings Yield | 8.01% | 1.59% | 6.98% | 9.79% | 20.74% | 20.06% |
| FCF Yield | 23.43% | 16.97% | 24.92% | 39.28% | 36.29% | 18.80% |
| Dividend Yield | 1.52% | 1.05% | 1.34% | 1.83% | 2.58% | 1.34% |
| Payout Ratio | 18.94% | 72.08% | 24.42% | 23.72% | 16.00% | 11.48% |
| Buyback Yield / Dilution | -30.03% | -41.11% | -0.05% | 2.49% | 11.48% | 3.20% |
| Total Shareholder Return | -28.52% | -40.06% | 1.29% | 4.32% | 14.06% | 4.54% |