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Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, time deposits, and sweep accounts. Its loan products include credit card and personal loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans. The company offers credit and debit card products; bank lending; and provides advisory, capital markets, net interchange, treasury management, and depository services. It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and the District of Columbia. Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $53.4B | - | $2.5B | $26.1B | 2.2% | 36.6% | -48.4% |
| 2024 | $39.1B | - | $4.8B | $17.0B | 7.8% | 6.3% | -2.8% |
| 2023 | $36.8B | - | $4.9B | $19.6B | 8.4% | 7.4% | -33.6% |
| 2022 | $34.3B | - | $7.4B | $12.9B | 14.0% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 34,250 | 36,787 | 39,112 | 53,434 |
| Operating Revenue | - | 34,250 | 36,787 | 39,112 | 53,434 |
| Selling General And Administration | - | 12,442 | 13,311 | 13,960 | 18,355 |
| Interest Income | - | 31,237 | 41,938 | 46,034 | 58,696 |
| Interest Expense | - | 4,123 | 12,697 | 14,826 | 15,818 |
| Net Interest Income | - | 27,114 | 29,241 | 31,208 | 42,878 |
| Pretax Income | - | 9,240 | 6,045 | 5,910 | 2,281 |
| Tax Provision | - | 1,880 | 1,158 | 1,163 | 193 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -14.62 | 0 | -46.05 | -93.07 |
| Net Income Continuous Operations | - | 7,360 | 4,887 | 4,747 | 2,088 |
| Net Income From Continuing And Discontinued Operation | - | 7,360 | 4,887 | 4,750 | 2,453 |
| Net Income From Continuing Operation Net Minority Interest | - | 7,360 | 4,887 | 4,747 | 2,088 |
| Net Income | - | 7,360 | 4,887 | 4,750 | 2,453 |
| Net Income Common Stockholders | - | 7,044 | 4,582 | 4,445 | 2,181 |
| Net Income Including Noncontrolling Interests | - | 7,360 | 4,887 | 4,750 | 2,453 |
| Normalized Income | - | 7,417.38 | 4,887 | 4,934.95 | 3,094.93 |
| Diluted NI Availto Com Stockholders | - | 7,044 | 4,582 | 4,445 | 2,181 |
| Basic Average Shares | - | 391.80 | 382.40 | 382.70 | 540.70 |
| Diluted Average Shares | - | 393.20 | 383.40 | 383.60 | 541.30 |
| Reconciled Depreciation | - | 3,210 | 3,226 | 3,237 | 5,260 |
| Total Unusual Items | - | -72 | 0 | -234 | -1,100 |
| Total Unusual Items Excluding Goodwill | - | -72 | 0 | -234 | -1,100 |
| Preferred Stock Dividends | - | 228 | 228 | 228 | 252 |
| Net Income Discontinuous Operations | - | 0 | 0 | 3 | 365 |
| Special Income Charges | - | -72 | 0 | -234 | -1,100 |
| Other Special Charges | - | - | 289 | 116 | - |
| Restructuring And Mergern Acquisition | - | 72 | 0 | 234 | 1,100 |
| Gain On Sale Of Security | - | -9 | -34 | -35 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 70 | 82 | 77 | 1,326 |
| Depreciation And Amortization In Income Statement | - | 70 | 82 | 77 | 1,326 |
| General And Administrative Expense | - | 8,425 | 9,302 | 9,398 | 12,471 |
| Salaries And Wages | - | 8,425 | 9,302 | 9,398 | 12,471 |
| Selling And Marketing Expense | - | 4,017 | 4,009 | 4,562 | 5,884 |
| Otherunder Preferred Stock Dividend | - | 88 | 77 | 77 | 20 |
| Amortization | - | 70 | 82 | 77 | 1,326 |
| Amortization Of Intangibles Income Statement | - | 70 | 82 | 77 | 1,326 |
| Occupancy And Equipment | - | 2,050 | 2,160 | 2,366 | 3,166 |
| Professional Expense And Contract Services Expense | - | 1,807 | 1,268 | 1,610 | 2,424 |
| Other Non Interest Expense | - | 2,722 | 3,495 | 3,239 | 4,127 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Capital One Financial Corporationthis co. | COF | $114.0B | 52.27↑ premium | 1.00 | 1.9% | - |
| S&P Global Inc. | SPGI | $124.4B | 27.81 | 4.00 | 14.4% | 17.70 |
| Chubb Limited | CB | $122.0B | 11.83 | 1.65 | 14.0% | - |
| The Progressive Corporation | PGR | $114.0B | 10.08 | 3.76 | 37.3% | - |
| The Bank of New York Mellon Corporation | BK |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $94.1B |
| 16.97 |
| 2.38 |
| 14.1% |
| - |
| CME Group Inc. | CME | $92.5B | 22.72 | 3.22 | 14.2% | 15.69 |
| The PNC Financial Services Group, Inc. | PNC | $91.2B | 13.87 | 1.51 | 10.9% | - |
| KKR & Co. Inc. | KKR | $89.0B | 37.55 | 3.14 | 8.4% | 12.45 |
| U.S. Bancorp | USB | $86.0B | 11.96 | 1.32 | 11.0% | - |
| Peer Median | - | 15.42 | 2.76 | 14.0% | 15.69 | |