COF

MKT CAP:$119B

Capital One Financial Corporation

Market Cap

$119B

Financial Services·Financial - Credit Services·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$192.09-$55.84 (-22.52%)

Apr 24, 2026

Company Details

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the ...

CEO

Richard D. Fairbank

IPO Date

Nov 16, 1994

Website

www.capitalone.com

Key Metrics TTM

Revenue

$75.2B

+38.5% YoY

Net Income

$3.2B

EPS (Diluted)

$2.85

Free Cash Flow

$27.7B

Revenue / Share

$120.57

Gross Margin

48.3%

Operating Margin

4.3%

Net Margin

4.3%

FCF Margin

36.9%

P/S

1.6x

P/E

36.8x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$19.3B+44.1%EPS $3.34

FY 2025

Feb 19, 2026

$69.3B+28.4%EPS $4.03

Q4 2025

Feb 19, 2026

$19.6B+42.0%EPS $3.26

Q3 2025

Nov 3, 2025

$19.8B+43.7%EPS $4.83

Q2 2025

Jul 30, 2025

$16.4B+23.7%EPS -$8.58

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$8.8B	$7.1B	$2.6B
Q3 22	$10.0B	$7.1B	$2.2B
Q4 22	$11.0B	$6.6B	$1.5B
Q1 23	$11.5B	$6.1B	$1.2B
Q2 23	$12.1B	$6.5B	$1.7B
Q3 23	$12.8B	$7.1B	$2.2B
Q4 23	$13.1B	$6.6B	$932M
Q1 24	$13.1B	$6.7B	$1.6B
Q2 24	$13.3B	$5.6B	$651M
Q3 24	$13.8B	$7.5B	$2.2B
Q4 24	$13.8B	$7.5B	$1.5B
Q1 25	$13.4B	$7.6B	$1.7B
Q2 25	$16.4B	$1.1B	-$5.9B
Q3 25	$19.8B	$12.8B	$4.4B
Q4 25	$19.6B	$11.3B	$2.1B
Q1 26	$19.3B	$11.2B	$2.7B

Valuation

Quarter	P/S	P/E
Q2 22	1.3x	4.3x
Q3 22	1.0x	4.3x
Q4 22	1.0x	5.1x
Q1 23	0.9x	6.2x
Q2 23	1.0x	8.0x
Q3 23	0.8x	6.7x
Q4 23	1.0x	10.5x
Q1 24	1.1x	10.7x
Q2 24	1.0x	12.2x
Q3 24	1.1x	13.1x
Q4 24	1.3x	14.3x
Q1 25	1.7x	18.6x
Q2 25	2.4x	—
Q3 25	2.3x	101.0x
Q4 25	1.9x	54.2x
Q1 26	1.3x	29.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$79M	-$309M
Q2 22	$3.0B	$2.8B
Q3 22	$2.8B	$2.6B
Q4 22	$8.2B	$7.9B
Q1 23	$3.0B	$2.8B
Q2 23	$3.4B	$3.1B
Q3 23	$7.1B	$6.9B
Q4 23	$7.1B	$6.8B
Q1 24	$3.0B	$2.8B
Q2 24	$6.2B	$6.0B
Q3 24	$6.5B	$6.1B
Q4 24	$2.4B	$2.1B
Q1 25	$4.7B	$4.3B
Q2 25	$6.1B	$5.7B
Q3 25	$9.2B	$8.8B
Q4 25	$7.8B	$9.0B

Capital Expenditures

Quarter	CapEx
Q1 22	$230M
Q2 22	$193M
Q3 22	$221M
Q4 22	$290M
Q1 23	$235M
Q2 23	$206M
Q3 23	$259M
Q4 23	$261M
Q1 24	$247M
Q2 24	$289M
Q3 24	$312M
Q4 24	$356M
Q1 25	$348M
Q2 25	$399M
Q3 25	$387M
Q4 25	$1.1B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+13.4%	+95.1%
Q3 22	+21.8%	+84.9%
Q4 22	+29.4%	+73.8%
Q1 23	+34.0%	+83.6%
Q2 23	+36.9%	+65.5%
Q3 23	+28.1%	+35.6%
Q4 23	+19.4%	+29.0%
Q1 24	+14.1%	+11.7%
Q2 24	+10.0%	+22.0%
Q3 24	+7.7%	+9.3%
Q4 24	+5.2%	+1.2%
Q1 25	+2.4%	+1.5%
Q2 25	+23.7%	+77.1%
Q3 25	+43.7%	+33.3%
Q4 25	+42.0%	+41.8%
Q1 26	+44.1%	+42.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$107M	1.3%
Q2 22	$65M	0.7%
Q3 22	$66M	0.7%
Q4 22	$76M	0.7%
Q1 23	$154M	1.3%
Q2 23	$123M	1.0%
Q3 23	$95M	0.7%
Q4 23	$141M	1.1%
Q1 24	$193M	1.5%
Q2 24	$105M	0.8%
Q3 24	$127M	0.9%
Q4 24	$144M	1.0%
Q1 25	$177M	1.3%
Q2 25	$225M	1.4%
Q3 25	$174M	0.9%
Q4 25	$200M	1.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$1.9B	$1.0B
Q3 22	$2.2B	$978M
Q4 22	$2.3B	$1.1B
Q1 23	$2.4B	$897M
Q2 23	$2.3B	$886M
Q3 23	$2.3B	$972M
Q4 23	$2.3B	$1.3B
Q1 24	$2.5B	$1.0B
Q2 24	$2.2B	$1.1B
Q3 24	$2.4B	$1.1B
Q4 24	$2.3B	$1.4B
Q1 25	$2.5B	$1.2B
Q2 25	$3.0B	$1.3B
Q3 25	$3.5B	$1.4B
Q4 25	$3.4B	$1.9B
Q1 26	$4.5B	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$21.6B	$4.4B	$26.0B
Q3 22	$24.9B	$416M	$25.3B
Q4 22	$30.9B	$76.9B	$107.8B
Q1 23	$46.5B	$884M	$47.4B
Q2 23	$41.6B	$1.2B	$42.8B
Q3 23	$44.9B	$2.2B	$47.0B
Q4 23	$43.3B	$79.1B	$122.4B
Q1 24	$51.0B	$2.8B	$53.8B
Q2 24	$45.4B	$4.8B	$50.2B
Q3 24	$49.3B	$4.2B	$53.5B
Q4 24	$43.2B	$3.9B	$47.1B
Q1 25	$48.6B	$4.3B	$52.9B
Q2 25	$59.1B	$4.0B	$63.1B
Q3 25	$55.3B	$3.8B	$59.0B
Q4 25	$57.4B	$4.3B	$61.7B
Q1 26	$7.3B	$0	$7.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	393M	-4.8%	-13.2%
Q3 22	385M	-2.0%	-12.7%
Q4 22	384M	-0.2%	-9.6%
Q1 23	384M	+0.0%	-6.9%
Q2 23	384M	-0.0%	-2.3%
Q3 23	383M	-0.1%	-0.3%
Q4 23	383M	-0.1%	-0.2%
Q1 24	383M	+0.2%	-0.1%
Q2 24	384M	+0.1%	+0.1%
Q3 24	384M	-0.1%	+0.1%
Q4 24	383M	-0.1%	+0.2%
Q1 25	384M	+0.2%	+0.2%
Q2 25	506M	+31.7%	+31.7%
Q3 25	640M	+26.5%	+66.7%
Q4 25	632M	-1.2%	+64.7%
Q1 26	623M	-1.3%	+62.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$173.5K	51K
Q3 22	$197.0K	51K
Q4 22	$196.6K	56K
Q1 23	$205.0K	56K
Q2 23	$215.7K	56K
Q3 23	$229.1K	56K
Q4 23	$252.6K	52K
Q1 24	$251.8K	52K
Q2 24	$255.2K	52K
Q3 24	$265.4K	52K
Q4 24	$262.5K	53K
Q1 25	$254.8K	53K
Q2 25	$312.0K	53K
Q3 25	$376.9K	53K
Q4 25	$257.1K	76K
Q1 26	$253.2K	76K

Revenue / Employee