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Capital One Financial Corporation

COF Financial Credit Services

Capital One Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $69.3 billion, up 28.4% from fiscal 2024.

Revenue
+3.24%
EPS
+16.4%
Free cash flow
−39.3%
Total debt
−3.35%

Quarter to September 2026, against a year earlier

204.91 1.40 −0.68%
Market cap
$122.6B
P/E
12.1×
Fwd P/E
11.7×
Dividend yield
1.56%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Sold, $m 46.36
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 4 6 — 2 3 1 3 8 3 4 —
Insider Ownership 2.33%

Capital & Financial Ratios $m

Size
Market Cap 122,610.00
Revenue ttm 79,339.00
Net income ttm 10,502.00
Free cash flow ttm 26,254.00
Net debt Q (169.00)
Valuation
P/E 12.09
Forward P/E 11.70
Price / sales 1.57
Forward P/S Powerpack
Price / FCF 4.75
Price / book 1.14
Financial health
Current ratio Q 1.02
Debt / equity Q 0.45
Interest coverage Q —
Growth
Revenue growth Q +3.24% (above 0%: growing)
Operating income growth Q +4.34% (above 0%: growing)
EPS, this year +10.48%
EPS, next year A +10.01%
Revenue, next year A −7.48% (below 0%: weak)
EPS, past 5 yrs −4.90% (below 0%: weak)
EPS, next 5 yrs A +11.78%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 57.15%
10-year low 10-year high
P/S against its own 10 years 73.67%
10-year low 10-year high
P/B against its own 10 years 89.73%
10-year low 10-year high

Dividends

Yield
1.56%
Annual rate
3.20
Payout ratio
18.9%
Growth, 2017–25
+6.26%/yr
  1. 1.60 ’17
  2. 1.60 ’18 +0
  3. 1.60 ’19 +0
  4. 1.00 ’20 −38
  5. 1.60 ’21 +60
  6. 2.40 ’22 +50
  7. 2.40 ’23 +0
  8. 2.40 ’24 +0
  9. 2.60 ’25 +8
  10. 3.23 ’26e +24
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 43,755 43,671 62,093 49,331
Receivables — — — —
Inventory — — — —
Other — — — —
352,263 357,922 496,558 493,289
2023 2024 2025 Q'26
Payables 348,413 362,707 475,771 480,697
ST’ Debt — — — —
Other — — — —
349,600 363,935 477,202 482,091

Compound Annual Growth %

10y 5y 3y
Sales 10.71% 16.96% 21.75%
Cash Flow 10.59% 10.67% 26.14%
Earnings (5.58%) (1.69%) (32.35%)
Book Value 9.16% 13.54% 29.28%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 5.45 Actual 6.69

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 4.12 3.86 Miss by 0.26
Q1 FY26 4.61 4.42 Miss by 0.19
Q2 FY26 4.85 5.81 Beat by 0.96
Q3 FY26 5.45 6.69 Beat by 1.24
Q4 FY26 4.92 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 3.34 4.73 5.61 — —
’25 3.45 (8.58) 4.83 3.26 4.03
’24 3.13 1.38 4.41 2.67 11.59
’23 2.31 3.52 4.45 1.67 11.95
’22 5.62 4.96 4.20 3.03 17.91
’21 7.03 7.62 6.78 5.41 26.94
’20 (3.10) (2.21) 5.06 5.35 5.18
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 19,317 19,861 20,357 — —
’25 13,405 16,325 19,718 19,804 69,252
’24 13,091 13,240 13,798 13,809 53,938
’23 11,471 12,065 12,816 13,132 49,484
’22 8,560 8,810 10,002 11,001 38,373
’21 7,552 7,770 8,212 8,499 32,033
’20 8,333 7,414 8,041 7,855 31,643
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 6,023 8,444 5,712 — —
’25 4,667 6,066 9,154 7,831 27,718
’24 3,010 6,243 6,458 2,448 18,159
’23 2,992 3,354 7,129 7,100 20,575
’22 (79) 2,954 2,777 8,157 13,809
’21 1,636 4,058 1,954 4,662 12,310
’20 5,409 3,806 2,857 4,627 16,699
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 5,470 8,077 5,320 — —
’25 4,319 5,667 8,767 7,387 26,140
’24 2,763 5,954 6,146 2,092 16,955
’23 2,757 3,148 6,870 6,839 19,614
’22 (309) 2,761 2,556 7,867 12,875
’21 1,458 3,895 1,791 4,468 11,612
’20 5,255 3,618 2,656 4,460 15,989
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 20.6% a year for ten years. It grew 6.5% a year over the last ten.

Implied
20.6%
10 years, reported
6.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 27,519 29,999 32,377 33,766 31,643 32,033 38,373 49,484 53,938 69,252 79,339 +10.8% 64,075 67,525 71,074 +0.9%
Gross margin, % 92.67 90.79 86.72 84.68 90.14 95.01 89.26 74.34 72.51 77.16 79.42 (15.5) pt
EBT 5,484 5,492 7,318 6,874 3,203 15,809 9,240 6,045 5,910 2,281 13,188 (9.3%)
EBT margin, % 19.93 18.31 22.60 20.36 10.12 49.35 24.08 12.22 10.96 3.29 16.62 (16.6) pt
Net income 3,751 2,117 6,025 5,533 2,717 12,394 7,360 4,887 4,747 2,088 10,502 (6.3%)
Per share, $
Per share, $ Revenue 54.50 61.96 67.47 72.21 69.12 72.39 97.94 129.40 140.94 128.08 130.30 +10.0%
Earnings 6.96 3.52 11.90 11.10 5.19 27.04 17.98 11.98 11.61 4.03 16.95 (5.9%)
Cash flow 23.48 29.29 27.04 35.58 36.48 27.82 35.25 53.80 47.45 51.26 46.00 +9.1%
Capex (1.54) (2.10) (1.82) (1.90) (1.55) (1.58) (2.38) (2.51) (3.15) (2.92) (2.88) +7.3%
Free cash flow 21.94 27.19 25.22 33.69 34.93 26.24 32.86 51.29 44.30 48.34 43.12 +9.2%
Book value 94.11 100.64 107.66 124.06 131.51 137.92 134.21 151.91 158.83 210.13 180.09 +9.3%
Shares, m 505 484 480 468 458 443 392 382 383 541 598 +0.8%
Valuation, ×
Valuation, × P/E 12.81 28.38 6.36 9.27 19.31 5.38 5.20 11.03 15.35 81.60 12.09 19.5
P/S 1.63 1.61 1.12 1.43 1.43 2.00 0.95 1.02 1.27 1.89 1.57 1.4
P/B 0.94 0.99 0.70 0.83 0.75 1.05 0.69 0.87 1.12 1.15 1.14 0.9
EV/Sales 3.34 3.12 2.51 2.66 1.40 2.64 1.38 1.13 1.29 1.72 — 2.1
EV/FCF 8.29 7.11 6.72 5.70 2.77 7.27 4.12 2.86 4.10 4.57 — 5.4
Cash, $m
Cash, $m Operating cash flow 11,856 14,182 12,978 16,639 16,699 12,310 13,809 20,575 18,159 27,718 28,010 +9.9%
Capex (779) (1,018) (874) (887) (710) (698) (934) (961) (1,204) (1,578) (1,756) +8.2%
Free cash flow 11,077 13,164 12,104 15,752 15,989 11,612 12,875 19,614 16,955 26,140 26,254 +10.0%
Balance, $m
Balance, $m Working capital 15,883 19,139 4,400 11,058 (25,450) (16,769) (1,748) 2,663 (6,013) 19,356 11,198 +2.2%
Net debt 46,975 45,353 45,064 41,634 (900) 20,212 16,576 5,563 1,318 (11,680) (169) n/m
Shareholders’ equity 47,514 48,730 51,668 58,011 60,204 61,029 52,582 58,089 60,784 113,616 109,656 +10.2%
Returns, %
Returns, % ROA 1.02 0.47 1.55 1.36 0.58 2.80 1.59 0.98 0.92 0.38 1.58 (0.6) pt
ROIC 3.63 3.65 4.73 4.31 3.38 12.16 8.35 5.94 5.95 1.40 7.53 (2.2) pt
ROE 7.41 3.54 11.37 9.47 4.02 19.74 12.40 8.28 7.48 2.50 9.44 (4.9) pt
People
People Employees 47,300 49,300 47,600 51,900 51,985 50,767 55,943 51,987 52,600 76,300 — +5.5%
Revenue/emp, $m 0.58 0.61 0.68 0.65 0.61 0.63 0.69 0.95 1.03 0.91 — +5.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Capital One Financial Corporation is a diversified financial-services holding company founded in 1994 and headquartered in McLean, Virginia. It operates a bank alongside non-bank subsidiaries, serving consumers, small businesses and commercial clients through digital channels, branches, cafés and other distribution channels.

Its core activity is lending: it issues credit cards, makes personal, auto and other consumer loans, and provides lending and cash-management services to commercial customers. It also gathers deposits, meaning customers place money with the bank that can support its lending and other activities.

Capital One Financial Corporation vs peers in Credit Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
V Visa Inc. $809.5B 32.7× 32.6× +13.19% (above 0%: growing) +27.62% (above 0%: growing) +17.85% (above 0%: growing) 100.00% 59.82% Compare
MA Mastercard Incorporated $571.4B 34.2× 32.5× +14.01% (above 0%: growing) +21.61% (above 0%: growing) −10.28% (below 0%: shrinking) 100.00% 59.77% Compare
AXP American Express Company $217.9B 18.3× 17.4× +6.92% (above 0%: growing) +31.16% (above 0%: growing) −20.47% (below 0%: shrinking) 91.27% 0.00% Compare
COF Capital One Financial Corporation $122.6B 12.1× 11.7× +3.24% (above 0%: growing) +16.36% (above 0%: growing) −39.32% (below 0%: shrinking) 80.29% 0.00%
PYPL PayPal Holdings, Inc. $49.0B 11.2× 11.2× +1.98% (above 0%: growing) −3.53% (below 0%: shrinking) −16.59% (below 0%: shrinking) 40.96% 16.33% Compare
AFRM Affirm Holdings, Inc. $23.6B 11.8× 36.6× +35.24% (above 0%: growing) +100.00% (above 0%: growing) −54.85% (below 0%: shrinking) 0.00% 14.82% Compare
SYF Synchrony Financial $23.1B 7.7× 7.9× +0.60% (above 0%: growing) −6.23% (below 0%: shrinking) −5.27% (below 0%: shrinking) 83.39% 0.00% Compare
SOFI SoFi Technologies, Inc. $20.8B 27.8× 27.5× +41.86% (above 0%: growing) +58.33% (above 0%: growing) −120.02% (below 0%: shrinking) 77.00% 0.00% Compare
ALLY Ally Financial Inc. $11.7B 8.8× 8.1× +4.53% (above 0%: growing) +10.92% (above 0%: growing) +32.70% (above 0%: growing) 62.76% 0.00% Compare
Median of peers $36.3B 15.0× 22.5× +10.06% +24.61% −13.43% 80.19% 7.41%

All 53 Credit Services stocks →

From the latest earnings call

Updated

  • CEO Richard Fairbank said Capital One had achieved about $1.8 billion of annualized Discover synergies year to date, ahead of its combined schedule.
  • Fairbank expects to increase marketing investment in 2027 and said fourth-quarter growth should resemble the seasonal increase seen in 2025.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 86.48%
Held by the ten largest 37.47%
Holder Shares Stake Change
Vanguard 59.92m 9.77% +1.13m
BlackRock 51.05m 8.32% +236.64k
State Street 27.80m 4.53% +243.40k
JPMorgan Chase 17.79m 2.90% +429.97k
Franklin Templeton 15.81m 2.58% −271.60k
Geode Capital Management 14.36m 2.34% +66.70k
HARRIS ASSOCIATES L P 11.27m 1.84% +1.13m
Fidelity (FMR) 11.13m 1.81% −1.43m
Capital Group 10.44m 1.70% −10.78m
UBS 10.34m 1.69% +730.81k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 25 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 64.97m 94.13m 268.21
2024 30.83m 56.39m 189.44
2023 28.59m 56.02m 137.03
2022 27.61m 758.82k 94.95
2021 20.46m 44.69m 145.28

Ownership

Directors and executive officers, together 0.78%
The Vanguard Group 10.20%
BlackRock, Inc. 7.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Capital One Financial Corporation (COF) Latest News

28 Oct

Impact 3 · · TheStreet

27 Oct

Impact 3 ·

26 Oct

Impact 3 · · MarketBeat

23 Oct

Impact 4 · · MarketBeat

22 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Simply Wall St.

21 Oct

Impact 4 · · Business Wire
Impact 4 · · Zacks
Impact 4 · · The Motley Fool
Impact 4 · · StockStory
Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks
Impact 3 ·

20 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · MarketBeat transcript
Impact 4 · · Zacks earnings
Impact 3 ·
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

19 Oct

Impact 3 ·
Impact 3 · · StockStory

16 Oct

Impact 4 · · Simply Wall St.

15 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 ·

COF metrics, ten years each

stockrow.com/COF · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com