CAPITAL ONE FINANCIAL CORP (COF) financial statements: income statement, balance sheet and cash flow

CAPITAL ONE FINANCIAL CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CAPITAL ONE FINANCIAL CORP reported net income of $2.5B (-48.4% year on year).

Income statement

CAPITAL ONE FINANCIAL CORP income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Loans, including loans held for sale$53.0B$40.9B$37.4B$28.9B
Investment securities$3.2B$2.9B$2.5B$1.9B
Other$2.5B$2.3B$2.0B$443.0M
Total interest income$58.7B$46.0B$41.9B$31.2B
Deposits$12.9B$11.5B$9.5B$2.5B
Securitized debt obligations$660.0M$958.0M$959.0M$384.0M
Senior and subordinated notes$2.2B$2.3B$2.2B$1.1B
Other borrowings$61.0M$42.0M$45.0M$130.0M
Total interest expense$15.8B$14.8B$12.7B$4.1B
Net interest income$42.9B$31.2B$29.2B$27.1B
Provision for credit losses$20.7B$11.7B$10.4B$5.8B
Net interest income after provision for credit losses$22.2B$19.5B$18.8B$21.3B
Discount and interchange fees, net$6.4B$4.9B$4.8B$4.6B
Service charges and other customer-related fees$2.8B$2.0B$1.7B$1.6B
Net securities gains (losses)$0($35.0M)($34.0M)—
Other$1.3B$1.1B$1.1B$905.0M
Total non-interest income$10.6B$7.9B$7.5B$7.1B
Salaries and associate benefits$12.5B$9.4B$9.3B$8.4B
Occupancy and equipment$3.2B$2.4B$2.2B$2.0B
Marketing$5.9B$4.6B$4.0B$4.0B
Professional services$2.4B$1.6B$1.3B$1.8B
Communications and data processing$1.8B$1.5B$1.4B$1.4B
Amortization of intangibles$1.3B$77.0M$82.0M$70.0M
Other$3.5B$2.0B$2.1B$1.4B
Total non-interest expense$30.5B$21.5B$20.3B$19.2B
Income from continuing operations before income taxes$2.3B$5.9B$6.0B$9.2B
Income tax provision$193.0M$1.2B$1.2B$1.9B
Income (loss) from continuing operations, net of tax$2.1B$4.7B$4.9B$7.4B
Income from discontinued operations, net of tax$365.0M$3.0M$0$0
Net income$2.5B$4.8B$4.9B$7.4B
Dividends and undistributed earnings allocated to participating securities($26.0M)($77.0M)($77.0M)($88.0M)
Preferred stock dividends($252.0M)($228.0M)($228.0M)($228.0M)
Discount on redeemed preferred stock$6.0M———
Net income available to common stockholders$2.2B$4.4B$4.6B$7.0B
Net income (loss) per basic common share (in dollars per share)$4.03$11.61$11.98$17.98
Net income (loss) from continuing operations (in dollars per share)$3.36$11.60$11.98$17.98
Net loss from discontinued operations (in dollars per share)$0.67$0.01$0.00$0.00
Net income (loss) per diluted common share (in dollars per share)$4.03$11.59$11.95$17.91
CAPITAL ONE FINANCIAL CORP income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Loans, including loans held for sale$14.9B$14.7B$15.2B$12.4B
Investment securities$850.0M$832.0M$823.0M$784.0M
Other$624.0M$664.0M$711.0M$595.0M
Total interest income$16.4B$16.2B$16.8B$13.8B
Deposits$3.3B$3.4B$3.6B$3.1B
Securitized debt obligations$117.0M$141.0M$165.0M$164.0M
Senior and subordinated notes$535.0M$532.0M$582.0M$535.0M
Other borrowings$21.0M$26.0M$15.0M$14.0M
Total interest expense$4.0B$4.1B$4.4B$3.8B
Net interest income$12.4B$12.1B$12.4B$10.0B
Provision for credit losses$3.0B$4.1B$2.7B$11.4B
Net interest income (loss) after provision for credit losses$9.4B$8.1B$9.7B($1.4B)
Discount and interchange fees, net$2.3B$2.0B$1.8B$1.5B
Service charges and other customer-related fees$808.0M$809.0M$849.0M$658.0M
Other$412.0M$313.0M$294.0M$361.0M
Total non-interest income$3.5B$3.1B$3.0B$2.5B
Salaries and associate benefits$3.8B$3.7B$3.5B$3.0B
Occupancy and equipment$969.0M$867.0M$856.0M$737.0M
Marketing$1.7B$1.5B$1.4B$1.3B
Professional services$667.0M$585.0M$641.0M$653.0M
Communications and data processing$489.0M$496.0M$476.0M$413.0M
Amortization of intangibles$507.0M$492.0M$514.0M$271.0M
Other$981.0M$856.0M$877.0M$573.0M
Total non-interest expense$9.0B$8.5B$8.3B$7.0B
Income (loss) from continuing operations before income taxes$3.8B$2.7B$4.4B($5.9B)
Income tax provision (benefit)$798.0M$518.0M$1.2B($1.7B)
Income (loss) from continuing operations, net of tax$3.0B$2.2B$3.2B($4.3B)
Income (loss) from discontinued operations, net of tax$0($7.0M)($1.0M)($14.0M)
Net income (loss)$3.0B$2.2B$3.2B($4.3B)
Dividends and undistributed earnings allocated to participating securities($28.0M)($20.0M)($33.0M)($4.0M)
Preferred stock dividends($57.0M)($73.0M)($73.0M)($65.0M)
Discount on redeemed preferred stock$0—$0—
Net income (loss) available to common stockholders$2.9B$2.1B$3.1B($4.3B)
Net income (loss) per basic common share (in dollars per share)$4.73$3.34$4.83-$8.58
Net income (loss) from continuing operations (in dollars per share)$4.73$3.35$4.83-$8.55
Net loss from discontinued operations (in dollars per share)$0.00-$0.01$0.00-$0.03
Net income (loss) per diluted common share (in dollars per share)$4.73$3.34$4.83-$8.58

Balance sheet

CAPITAL ONE FINANCIAL CORP balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$3.0B$3.0B$4.9B$5.2B
Interest-bearing deposits and other short-term investments$54.4B$40.2B$38.4B$25.7B
Total cash and cash equivalents$57.4B$43.2B$43.3B$30.9B
Restricted cash for securitization investors$4.7B$441.0M$458.0M$400.0M
Securities available for sale (amortized cost basis of $97.7 billion and $93.0 billion and allowance for credit losses of $3 million and $4 million as of December 31, 2025 and 2024, respectively)$91.1B$83.0B$79.1B$76.9B
Total loans held for investment$453.6B$327.8B$320.5B$312.3B
Allowance for credit losses($23.4B)($16.3B)($15.3B)($13.2B)
Net loans held for investment$430.2B$311.5B$305.2B$299.1B
Loans held for sale ($755 million and $87 million carried at fair value as of December 31, 2025 and 2024, respectively)$760.0M$202.0M$854.0M$203.0M
Premises and equipment, net$5.6B$4.5B$4.4B$4.4B
Interest receivable$3.5B$2.5B$2.5B$2.1B
Goodwill$28.5B$15.1B$15.1B$14.8B
Other intangible assets$16.6B———
Other assets$30.7B$29.6B$27.6B$26.5B
Total assets$669.0B$490.1B$478.5B$455.2B
Interest payable$844.0M$666.0M$649.0M$527.0M
Non-interest-bearing deposits$27.4B$26.1B$28.0B$32.2B
Interest-bearing deposits$448.4B$336.6B$320.4B$300.8B
Total deposits$475.8B$362.7B$348.4B$333.0B
Securitized debt obligations$12.9B$14.3B$18.0B$17.0B
Federal funds purchased and securities loaned or sold under agreements to repurchase$587.0M$562.0M$538.0M$883.0M
Senior and subordinated notes$36.0B$30.7B$31.2B$30.8B
Other borrowings$1.6B$29.0M$27.0M$33.0M
Total other debt$38.1B$31.3B$31.8B$31.7B
Other liabilities$27.8B$20.4B$21.5B$20.4B
Total liabilities$555.4B$429.4B$420.4B$402.7B
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,980,700 and 4,975,000 shares issued and outstanding as of December 31, 2025 and 2024, respectively)$0.00$0.00$0.00$0.00
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 708,546,381 and 702,224,674 shares issued as of December 31, 2025 and 2024, respectively; 625,102,271 and 381,230,343 shares outstanding as of December 31, 2025 and 2024, respectively)$7000000.00$7000000.00$7000000.00$7000000.00
Additional paid-in capital, net$64.0B$36.4B$35.5B$34.7B
Retained earnings$65.2B$64.5B$60.9B$57.2B
Accumulated other comprehensive loss($5.5B)($9.3B)($8.3B)($9.9B)
Treasury stock, at cost (par value $0.01 per share; 83,444,110 and 320,994,331 shares as of December 31, 2025 and 2024, respectively)-$10146000000.00-$30870000000.00-$30136000000.00-$29418000000.00
Total stockholders’ equity$113.6B$60.8B$58.1B$52.6B
Total liabilities and stockholders’ equity$669.0B$490.1B$478.5B$455.2B
CAPITAL ONE FINANCIAL CORP balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$4.8B$4.6B$4.6B$4.9B
Interest-bearing deposits and other short-term investments$49.9B$71.9B$50.7B$54.3B
Total cash and cash equivalents$54.7B$76.5B$55.3B$59.1B
Restricted cash for securitization investors$1.2B$2.8B$3.2B$2.5B
Investment securities available for sale (amortized cost basis of $97.0 billion and $97.7 billion as of June 30, 2026 and December 31, 2025, respectively; allowance for credit losses of $3 million as of both June 30, 2026 and December 31, 2025)$90.0B$90.6B$89.7B$87.2B
Investment securities held to maturity$2.7B$1.7B——
Total investment securities$92.8B$92.3B——
Total loans held for investment$457.2B$447.8B$443.2B$439.3B
Allowance for credit losses($23.0B)($23.6B)($23.1B)($23.9B)
Net loans held for investment$434.2B$424.1B$420.1B$415.4B
Loans held for sale ($206 million and $755 million carried at fair value as of June 30, 2026 and December 31, 2025, respectively)$264.0M$186.0M$670.0M$198.0M
Premises and equipment, net$6.2B$5.7B$5.6B$5.7B
Interest receivable$3.4B$3.5B$3.5B$3.4B
Goodwill$31.9B$28.5B$28.9B$28.3B
Other intangible assets$16.1B$16.1B$17.0B$18.2B
Other assets$33.1B$33.2B$30.0B$30.9B
Total assets$673.8B$682.9B$661.9B$659.0B
Interest payable$816.0M$827.0M$826.0M$888.0M
Non-interest-bearing deposits$27.8B$27.9B$27.6B$27.9B
Interest-bearing deposits$456.5B$461.1B$441.1B$440.2B
Total deposits$484.3B$489.1B$468.8B$468.1B
Securitized debt obligations$8.5B$11.3B$13.6B$14.7B
Federal funds purchased and securities loaned or sold under agreements to repurchase$694.0M$626.0M$616.0M$742.0M
Senior and subordinated notes$35.6B$38.4B$36.7B$36.7B
Other borrowings$555.0M$1.6B$562.0M$560.0M
Total other debt$36.9B$40.6B$37.8B$38.0B
Other liabilities$29.6B$28.9B$26.9B$26.3B
Total liabilities$560.0B$570.6B$548.1B$548.0B
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,980,700 shares issued and outstanding as of both June 30, 2026 and December 31, 2025)$0.00$0.00$0.00$0.00
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 714,105,102 and 708,546,381 shares issued as of June 30, 2026 and December 31, 2025, respectively; 613,484,836 and 625,102,271 shares outstanding as of June 30, 2026 and December 31, 2025, respectively)$7000000.00$7000000.00$7000000.00$7000000.00
Additional paid-in capital, net$65.1B$64.3B$63.7B$63.5B
Retained earnings$69.3B$66.8B$63.6B$60.9B
Accumulated other comprehensive loss($6.3B)($5.9B)($5.9B)($6.8B)
Treasury stock, at cost (par value $0.01 per share; 100,620,266 and 83,444,110 shares as of June 30, 2026 and December 31, 2025, respectively)-$14269000000.00-$12939000000.00-$7626000000.00-$6589000000.00
Total stockholders’ equity$113.8B$112.3B$113.8B$111.0B
Total liabilities and stockholders’ equity$673.8B$682.9B$661.9B$659.0B
Allowance for Credit Losses($3.0M)———
Preferred stock, shares outstanding (in shares)5.0M———
Preferred stock, shares issued (in shares)5.0M———

Cash flow statement

CAPITAL ONE FINANCIAL CORP cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Income (loss) from continuing operations, net of tax$2.1B$4.7B$4.9B$7.4B
Income from discontinued operations, net of tax$365.0M$3.0M$0$0
Net income$2.5B$4.8B$4.9B$7.4B
Provision for credit losses$20.7B$11.7B$10.4B$5.8B
Depreciation and amortization, net$5.3B$3.2B$3.2B$3.2B
Deferred tax benefit($1.9B)($853.0M)($723.0M)($772.0M)
Net securities losses$0$35.0M$34.0M$9.0M
Loss on sales of loans$3.0M$29.0M$6.0M($196.0M)
Gain on sale of discontinued operations$483.0M———
Stock-based compensation expense$776.0M$569.0M$513.0M$314.0M
Other fair value adjustments$111.0M$65.0M$51.0M$40.0M
Originations and purchases($5.7B)($3.7B)($4.6B)($8.8B)
Proceeds from sales and paydowns$5.2B$3.9B$4.4B$9.7B
Changes in interest receivable($34.0M)($54.0M)($359.0M)($641.0M)
Changes in other assets($610.0M)($426.0M)$716.0M($3.0B)
Changes in interest payable($169.0M)$17.0M$122.0M$246.0M
Changes in other liabilities$2.1B($1.1B)$1.8B$511.0M
Net change from discontinued operations$84.0M($4.0M)$0($3.0M)
Net cash from operating activities$27.7B$18.2B$20.6B$13.8B
Purchases($18.2B)($17.2B)($10.4B)($14.8B)
Proceeds from paydowns and maturities$17.9B$11.8B$8.8B$19.1B
Proceeds from sales$1.0M$175.0M$290.0M$2.6B
Proceeds from sales of securities related to the Transaction$9.7B———
Net changes in loans originated as held for investment($36.8B)($21.4B)($17.8B)($35.9B)
Principal recoveries of loans previously charged off$5.1B$3.0B$2.3B$2.1B
Changes in premises and equipment($1.6B)($1.2B)($961.0M)($934.0M)
Net cash received (paid) in acquisitions$16.5B$0($2.8B)($1.2B)
Proceeds from divestiture of business$8.8B———
Net cash used in other investing activities($1.8B)($1.6B)($1.3B)($628.0M)
Net cash used in investing activities($444.0M)($26.4B)($21.9B)($29.7B)
Changes in deposits$5.9B$14.2B$15.2B$22.5B
Issuance of securitized debt obligations$3.5B$1.8B$3.3B$9.7B
Maturities and paydowns of securitized debt obligations($10.9B)($5.8B)($2.5B)($7.1B)
Issuance of senior and subordinated notes and long-term FHLB advances$5.0B$4.0B$8.2B$21.3B
Maturities and paydowns of senior and subordinated notes($6.9B)($4.4B)($8.4B)($15.6B)
Changes in other borrowings$517.0M$27.0M($351.0M)$44.0M
Net proceeds from issuances$400.0M$323.0M$299.0M$276.0M
Dividends paid($1.5B)($932.0M)($931.0M)($950.0M)
Net proceeds from issuances$0—$0$0
Dividends paid($252.0M)($228.0M)($228.0M)($228.0M)
Redemptions($500.0M)—$0$0
Purchases of treasury stock($4.1B)($734.0M)($718.0M)($4.9B)
Proceeds from share-based payment activities$9.0M$4.0M$10.0M$19.0M
Net cash from (used in) financing activities($8.9B)$8.2B$13.8B$25.1B
Changes in cash, cash equivalents and restricted cash for securitization investors$18.4B($84.0M)$12.5B$9.2B
CAPITAL ONE FINANCIAL CORP cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Income (loss) from continuing operations, net of tax$5.2B$2.2B$334.0M($2.9B)
Income (loss) from discontinued operations, net of tax($7.0M)($7.0M)($15.0M)($14.0M)
Net income (loss)$5.2B$2.2B$319.0M($2.9B)
Provision for credit losses$7.1B$4.1B$16.5B$13.8B
Depreciation and amortization, net$3.1B$1.5B$3.7B$1.8B
Deferred tax provision$311.0M$244.0M($1.4B)($2.3B)
Stock-based compensation expense$346.0M$131.0M$576.0M$402.0M
Other, net$24.0M$6.0M$101.0M$70.0M
Originations and purchases($1.9B)($1.1B)($3.7B)($2.3B)
Proceeds from sales and paydowns$2.5B$1.7B$3.3B$2.4B
Changes in interest receivable$63.0M$32.0M$2.0M$85.0M
Changes in other assets($1.6B)($3.0B)($640.0M)($717.0M)
Changes in interest payable($28.0M)($17.0M)($187.0M)($125.0M)
Changes in other liabilities($567.0M)$181.0M$1.4B$538.0M
Net change from discontinued operations$0—$14.0M($102.0M)
Net cash from operating activities$14.5B$6.0B$19.9B$10.7B
Purchases($9.7B)($5.7B)($12.6B)($6.6B)
Proceeds from paydowns and maturities$9.5B$5.8B$13.3B$8.9B
Proceeds from sales$662.0M$68.0M$1.0M$1.0M
Purchases($2.5B)($1.1B)——
Proceeds from paydowns and maturities$34.0M$3.0M——
Proceeds from sales of securities related to the Transaction$0—$9.7B$9.7B
Net changes in loans originated as held for investment($10.5B)$1.7B($20.8B)($11.8B)
Changes in premises and equipment($920.0M)($553.0M)($1.1B)($747.0M)
Net cash (used) received in acquisitions($2.2B)($241.0M)$16.5B$16.5B
Net cash used in other investing activities($873.0M)—($1.2B)($762.0M)
Net cash from (used in) investing activities($16.5B)$26.0M$7.4B$17.3B
Changes in deposits$8.5B$13.3B($1.0B)($1.5B)
Issuance of long-term debt$3.0B$3.0B$1.5B—
Maturities and paydowns of long-term debt($8.9B)($2.5B)($8.1B)($5.6B)
Changes in other borrowings($397.0M)$538.0M$48.0M$173.0M
Net proceeds from issuances$258.0M$119.0M$295.0M$204.0M
Dividends paid($1.0B)($502.0M)($1.0B)($622.0M)
Dividends paid($130.0M)($57.0M)($179.0M)($122.0M)
Redemptions$0—($500.0M)($500.0M)
Purchases of treasury stock($5.5B)($2.8B)($1.6B)($542.0M)
Proceeds from share-based payment activities$1.0M$1.0M$1.0M$1.0M
Net cash used in financing activities($4.2B)$11.1B($12.4B)($10.1B)
Changes in cash, cash equivalents and restricted cash for securitization investors($6.2B)$17.2B$14.9B$17.9B
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period$62.1B$62.1B$43.7B$43.7B
Cash, cash equivalents and restricted cash for securitization investors, end of the period$55.9B$79.3B$58.5B$61.6B
Interest paid$7.9B$4.0B$10.8B$6.6B
Income taxes paid$742.0M$184.0M——
Reissuance of treasury stock, issuance of preferred stock and stock-based compensation awards related to acquisitions$1.9B—$51.8B$51.8B

CAPITAL ONE FINANCIAL CORP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.