BOKF

MKT CAP:$8B

BOK Financial Corporation

Market Cap

$8B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$132.56+$13.88 (+11.70%)

Apr 24, 2026

Company Details

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates t...

CEO

Stacy C. Kymes

IPO Date

Sep 5, 1991

Website

investor.bokf.com

Key Metrics TTM

Revenue

$3.4B

-0.1% YoY

Net Income

$614M

EPS (Diluted)

$9.90

Free Cash Flow

$1.7B

Revenue / Share

$55.89

Gross Margin

64.9%

Operating Margin

22.5%

Net Margin

18.3%

FCF Margin

51.0%

P/S

2.4x

P/E

13.2x

Earnings Reports

Q1 2026

Apr 20, 2026

NEW

$827M+3.7%EPS $2.58

FY 2025

Feb 18, 2026

$3.3B-1.1%EPS $9.18

Q4 2025

Feb 18, 2026

$841M+10.8%EPS $2.91

Q3 2025

Oct 29, 2025

$844M-4.0%EPS $2.22

Q2 2025

Jul 30, 2025

$843M-8.7%EPS $2.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$453M	$433M	$169M
Q3 22	$542M	$481M	$196M
Q4 22	$631M	$517M	$216M
Q1 23	$689M	$508M	$208M
Q2 23	$771M	$506M	$196M
Q3 23	$807M	$484M	$168M
Q4 23	$795M	$447M	$111M
Q1 24	$801M	$441M	$107M
Q2 24	$923M	$539M	$211M
Q3 24	$879M	$505M	$173M
Q4 24	$759M	$433M	$175M
Q1 25	$798M	$495M	$155M
Q2 25	$843M	$529M	$181M
Q3 25	$844M	$536M	$177M
Q4 25	$841M	$560M	$199M
Q1 26	$827M	$554M	$200M

Valuation

Quarter	P/S	P/E
Q2 22	3.0x	10.5x
Q3 22	3.4x	12.9x
Q4 22	3.4x	13.0x
Q1 23	2.4x	8.9x
Q2 23	2.0x	8.4x
Q3 23	1.7x	8.2x
Q4 23	1.8x	10.3x
Q1 24	1.8x	12.8x
Q2 24	1.7x	12.4x
Q3 24	2.0x	14.1x
Q4 24	2.0x	13.0x
Q1 25	2.0x	11.8x
Q2 25	1.9x	11.5x
Q3 25	2.2x	13.2x
Q4 25	2.3x	13.2x
Q1 26	2.3x	12.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3.9B	$3.9B
Q2 22	$2.5B	$2.4B
Q3 22	$909M	$877M
Q4 22	-$2.2B	-$2.3B
Q1 23	$2.5B	$2.4B
Q2 23	-$3.0B	-$3.1B
Q3 23	$1.1B	$1.1B
Q4 23	-$462M	-$499M
Q1 24	$179M	$138M
Q2 24	$464M	$417M
Q3 24	$247M	$210M
Q4 24	$541M	$494M
Q1 25	$20M	-$28M
Q2 25	$89M	$61M
Q3 25	$868M	$839M
Q4 25	$897M	$838M

Capital Expenditures

Quarter	CapEx
Q1 22	$38M
Q2 22	$82M
Q3 22	$32M
Q4 22	$64M
Q1 23	$59M
Q2 23	$39M
Q3 23	$31M
Q4 23	$37M
Q1 24	$41M
Q2 24	$46M
Q3 24	$37M
Q4 24	$47M
Q1 25	$48M
Q2 25	$29M
Q3 25	$29M
Q4 25	$58M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-1.4%	+16.5%
Q3 22	+5.5%	+27.0%
Q4 22	+45.1%	+46.6%
Q1 23	+89.7%	+68.9%
Q2 23	+70.1%	+102.3%
Q3 23	+48.8%	+84.7%
Q4 23	+25.9%	+64.6%
Q1 24	+16.2%	+44.4%
Q2 24	+19.7%	+23.7%
Q3 24	+9.0%	+10.5%
Q4 24	-4.5%	-14.6%
Q1 25	-0.4%	-7.3%
Q2 25	-8.7%	-7.0%
Q3 25	-4.0%	-5.4%
Q4 25	+10.8%	+10.0%
Q1 26	+3.7%	-2.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	0.8%
Q2 22	$10.0K	0.0%
Q3 22	$4M	0.7%
Q4 22	$5M	0.8%
Q1 23	$7M	1.0%
Q2 23	$4M	0.6%
Q3 23	$3M	0.4%
Q4 23	$2M	0.3%
Q1 24	$5M	0.6%
Q2 24	$6M	0.6%
Q3 24	$8M	0.9%
Q4 24	$5M	0.6%
Q1 25	$6M	0.7%
Q2 25	$6M	0.7%
Q3 25	$6M	0.7%
Q4 25	$5M	0.6%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$160M	$6M
Q3 22	$179M	$6M
Q4 22	$195M	$7M
Q1 23	$189M	$9M
Q2 23	$198M	$8M
Q3 23	$199M	$7M
Q4 23	$244M	$9M
Q1 24	$218M	$8M
Q2 24	$200M	$8M
Q3 24	$214M	$8M
Q4 24	$217M	$9M
Q1 25	$221M	$9M
Q2 25	$221M	$9M
Q3 25	$232M	$10M
Q4 25	$223M	—
Q1 26	$296M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$2.0B	$10.2B	$12.2B
Q3 22	$1.6B	$10.0B	$11.6B
Q4 22	$1.4B	$11.5B	$12.9B
Q1 23	$1.4B	$11.9B	$13.3B
Q2 23	$1.4B	$11.9B	$13.4B
Q3 23	$1.4B	$11.9B	$13.3B
Q4 23	$1.3B	$12.3B	$13.6B
Q1 24	$1.2B	$12.7B	$13.8B
Q2 24	$1.1B	$12.8B	$13.9B
Q3 24	$1.5B	$13.0B	$14.5B
Q4 24	$1.4B	$12.9B	$14.3B
Q1 25	$1.4B	$1.7B	$3.1B
Q2 25	$1.4B	$1.0B	$2.4B
Q3 25	$1.4B	$3.2B	$4.6B
Q4 25	$1.7B	$5.4B	$7.1B
Q1 26	$1.4B	$21.4B	$22.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	67M	-0.5%	-2.0%
Q3 22	67M	-0.7%	-2.0%
Q4 22	67M	-0.6%	-2.1%
Q1 23	66M	-0.4%	-2.2%
Q2 23	66M	-0.5%	-2.2%
Q3 23	66M	-0.7%	-2.2%
Q4 23	65M	-1.2%	-2.8%
Q1 24	64M	-0.7%	-3.1%
Q2 24	64M	-0.9%	-3.5%
Q3 24	63M	-0.4%	-3.1%
Q4 24	63M	+0.0%	-1.9%
Q1 25	64M	+0.1%	-1.2%
Q2 25	63M	-0.3%	-0.5%
Q3 25	63M	-0.3%	-0.5%
Q4 25	61M	-3.6%	-4.1%
Q1 26	60M	-1.5%	-5.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$96.2K	5K
Q3 22	$115.1K	5K
Q4 22	$131.8K	5K
Q1 23	$143.8K	5K
Q2 23	$161.0K	5K
Q3 23	$168.4K	5K
Q4 23	$160.0K	5K
Q1 24	$161.2K	5K
Q2 24	$185.9K	5K
Q3 24	$177.1K	5K
Q4 24	$150.1K	5K
Q1 25	$157.8K	5K
Q2 25	$166.7K	5K
Q3 25	$167.0K	5K
Q4 25	$167.0K	5K
Q1 26	$164.3K	5K

Revenue / Employee