NYSE: COF
CAPITAL ONE FINANCIAL CORPCIK 0000927628 · SIC 6021 · National Commercial Banks
We maintain insider trading policies and procedures governing the purchase, sale and/or other dispositions of our company’s securities by directors, officers, employees and other covered persons that we believe are reasonably designed to promote compliance with insider trading laws, rules, and… About this business →
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Capital One offers euro-denominated fixed-to-floating senior notes due 2032 and 2037; terms pending pricing
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Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income (Unaudited)
(Dollars in millions, except per share-related data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Interest income: | ||||
| Loans, including loans held for sale | 14,911 | 12,449 | 29,646 | 22,606 |
| Investment securities | 850 | 784 | 1,682 | 1,554 |
| Other | 624 | 595 | 1,288 | 1,086 |
| Total interest income | 16,385 | 13,828 | 32,616 | 25,246 |
| Interest expense: | ||||
| Deposits | 3,338 | 3,120 | 6,725 | 5,835 |
| Securitized debt obligations | 117 | 164 | 258 | 340 |
| Senior and subordinated notes | 535 | 535 | 1,067 | 1,040 |
| Other borrowings | 21 | 14 | 47 | 23 |
| Total interest expense | 4,011 | 3,833 | 8,097 | 7,238 |
| Net interest income | 12,374 | 9,995 | 24,519 | 18,008 |
| Provision for credit losses | 2,989 | 11,430 | 7,057 | 13,799 |
| Net interest income (loss) after provision for credit losses | 9,385 | (1,435) | 17,462 | 4,209 |
| Non-interest income: | ||||
| Discount and interchange fees, net | 2,256 | 1,478 | 4,220 | 2,701 |
| Service charges and other customer-related fees | 808 | 658 | 1,617 | 1,167 |
| Other | 412 | 361 | 725 | 616 |
| Total non-interest income | 3,476 | 2,497 | 6,562 | 4,484 |
| Non-interest expense: | ||||
| Salaries and associate benefits | 3,769 | 2,999 | 7,440 | 5,545 |
| Occupancy and equipment | 969 | 737 | 1,836 | 1,352 |
| Marketing | 1,661 | 1,345 | 3,158 | 2,547 |
| Professional services | 667 | 653 | 1,252 | 1,090 |
| Communications and data processing | 489 | 413 | 985 | 812 |
| Amortization of intangibles | 507 | 271 | 999 | 287 |
| Other | 981 | 573 | 1,837 | 1,260 |
| Total non-interest expense | 9,043 | 6,991 | 17,507 | 12,893 |
| Income (loss) from continuing operations before income taxes | 3,818 | (5,929) | 6,517 | (4,200) |
| Income tax provision (benefit) | 798 | (1,666) | 1,316 | (1,341) |
| Income (loss) from continuing operations, net of tax | 3,020 | (4,263) | 5,201 | (2,859) |
| Income (loss) from discontinued operations, net of tax | — | (14) | (7) | (14) |
| Net income (loss) | 3,020 | (4,277) | 5,194 | (2,873) |
| Dividends and undistributed earnings allocated to participating securities | (28) | (4) | (48) | (9) |
| Preferred stock dividends | (57) | (65) | (130) | (122) |
| Discount on redeemed preferred stock | — | 6 | — | 6 |
| Net income (loss) available to common stockholders | 2,935 | (4,340) | 5,016 | (2,998) |
| Basic earnings per common share: | ||||
| Net income (loss) from continuing operations | 4.73 | (8.55) | 8.08 | (6.71) |
| Net income (loss) from discontinued operations | — | (0.03) | (0.01) | (0.03) |
| Net income (loss) per basic common share | 4.73 | (8.58) | 8.07 | (6.74) |
| Diluted earnings per common share: | ||||
| Net income (loss) from continuing operations | 4.73 | (8.55) | 8.08 | (6.71) |
| Net income (loss) from discontinued operations | — | (0.03) | (0.01) | (0.03) |
| Net income (loss) per diluted common share | 4.73 | (8.58) | 8.07 | (6.74) |
Consolidated Balance Sheets (Unaudited)
(Dollars in millions, except per share-related data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | 4,834 | 3,031 |
| Interest-bearing deposits and other short-term investments | 49,880 | 54,403 |
| Total cash and cash equivalents | 54,714 | 57,434 |
| Restricted cash for securitization investors | 1,167 | 4,659 |
| Investment securities: | ||
| 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) | 90,041 | 91,051 |
| Investment securities held to maturity | 2,737 | — |
| Total investment securities | 92,778 | 91,051 |
| Loans held for investment: | ||
| Unsecuritized loans held for investment | 431,440 | 425,665 |
| Loans held in consolidated trusts | 25,728 | 27,957 |
| Total loans held for investment | 457,168 | 453,622 |
| Allowance for credit losses | (22,966) | (23,409) |
| Net loans held for investment | 434,202 | 430,213 |
| Loans held for sale ($206 million and $755 million carried at fair value as of June 30, 2026 and December 31, 2025, respectively) | 264 | 760 |
| Premises and equipment, net | 6,244 | 5,602 |
| Interest receivable | 3,432 | 3,492 |
| Goodwill | 31,866 | 28,509 |
| Other intangible assets | 16,077 | 16,578 |
| Other assets | 33,091 | 30,711 |
| Total assets | 673,835 | 669,009 |
| Liabilities: | ||
| Interest payable | 816 | 844 |
| Deposits: | ||
| Non-interest-bearing deposits | 27,793 | 27,385 |
| Interest-bearing deposits | 456,464 | 448,386 |
| Total deposits | 484,257 | 475,771 |
| Securitized debt obligations | 8,502 | 12,853 |
| Other debt: | ||
| Federal funds purchased and securities loaned or sold under agreements to repurchase | 694 | 587 |
| Senior and subordinated notes | 35,620 | 36,001 |
| Other borrowings | 555 | 1,559 |
| Total other debt | 36,869 | 38,147 |
| Other liabilities | 29,598 | 27,778 |
| Total liabilities | 560,042 | 555,393 |
| Commitments, contingencies and guarantees (see Note 14) | ||
| Stockholders’ equity: | ||
| 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) | — | — |
| 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) | 7 | 7 |
| Additional paid-in capital, net | 65,105 | 64,031 |
| Retained earnings | 69,250 | 65,192 |
| Accumulated other comprehensive loss | (6,300) | (5,468) |
| 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) | (14,269) | (10,146) |
| Total stockholders’ equity | 113,793 | 113,616 |
| Total liabilities and stockholders’ equity | 673,835 | 669,009 |
Consolidated Statements of Cash Flows
(Dollars in millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating activities: | ||
| Income (loss) from continuing operations, net of tax | 5,201 | (2,859) |
| Loss from discontinued operations, net of tax | (7) | (14) |
| Net income (loss) | 5,194 | (2,873) |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Provision for credit losses | 7,057 | 13,799 |
| Depreciation and amortization, net | 3,095 | 1,823 |
| Deferred tax provision | 311 | (2,262) |
| Stock-based compensation expense | 346 | 402 |
| Other, net | 24 | 68 |
| Loans held for sale: | ||
| Originations and purchases | (1,932) | (2,297) |
| Proceeds from sales and paydowns | 2,495 | 2,394 |
| Changes in operating assets and liabilities: | ||
| Changes in interest receivable | 63 | 85 |
| Changes in other assets | (1,591) | (717) |
| Changes in interest payable | (28) | (125) |
| Changes in other liabilities | (567) | 538 |
| Net change from discontinued operations | — | (102) |
| Net cash from operating activities | 14,467 | 10,733 |
| Investing activities: | ||
| Investment securities available for sale: | ||
| Purchases | (9,729) | (6,627) |
| Proceeds from paydowns and maturities | 9,542 | 8,910 |
| Proceeds from sales | 662 | 1 |
| Investment securities held to maturity: | ||
| Purchases | (2,498) | — |
| Proceeds from paydowns and maturities | 34 | — |
| Proceeds from sales of securities related to the Transaction | — | 9,696 |
| Net changes in loans originated as held for investment | (10,483) | (9,619) |
| Changes in premises and equipment | (920) | (747) |
| Net cash (used) received in acquisitions | (2,201) | 16,464 |
| Net cash used in other investing activities | (873) | (762) |
| Net cash from (used in) investing activities | (16,466) | 17,316 |
| Financing activities: | ||
| Deposits and borrowings: | ||
| Changes in deposits | 8,469 | (1,468) |
| Issuance of long-term debt | 2,988 | 1,742 |
| Maturities and paydowns of long-term debt | (8,860) | (9,008) |
| Changes in other borrowings | (397) | 173 |
| Common stock: | ||
| Net proceeds from issuances | 258 | 204 |
| Dividends paid | (1,002) | (622) |
| Preferred stock: | ||
| Dividends paid | (130) | (122) |
| Redemptions | — | (500) |
| Purchases of treasury stock | (5,540) | (542) |
| Proceeds from share-based payment activities | 1 | 1 |
| Net cash used in financing activities | (4,213) | (10,142) |
| Changes in cash, cash equivalents and restricted cash for securitization investors | (6,212) | 17,907 |
| Cash, cash equivalents and restricted cash for securitization investors, beginning of the period | 62,093 | 43,671 |
| Cash, cash equivalents and restricted cash for securitization investors, end of the period | 55,881 | 61,578 |
| Supplemental cash flow information: | ||
| Interest paid | 7,941 | 6,604 |
| Income taxes paid | 742 | 221 |
| Non-cash item: | ||
| Reissuance of treasury stock, issuance of preferred stock and stock-based compensation awards related to acquisitions | 1,891 | 51,790 |
Amounts as printed on the EDGAR/iXBRL face — (Dollars in millions, except per share-related data); (Dollars in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About CAPITAL ONE FINANCIAL CORP
Source: Item 1 (Business) from the 10-K filed February 19, 2026. Description as filed by the company with the SEC.
Item 1. Business—Overview.”
Insider Trading Policy
We maintain insider trading policies and procedures governing the purchase, sale and/or other dispositions of our company’s securities by directors, officers, employees and other covered persons that we believe are reasonably designed to promote compliance with insider trading laws, rules, and regulations, as well as New York Stock Exchange (“NYSE”) listing standards. A copy of our insider trading policy is filed as Exhibit 19 to this Annual Report on Form 10-K.