What is Capital One Financial's earnings per share (EPS)?

Capital One Financial (COF) reported diluted earnings per share of $4.03 for fiscal year 2025. This represents a -65.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Capital One Financial Financials

COF

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Capital One Financial (COF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI COF FY2025 2026-05-07

Capital One became much larger and better capitalized, but each asset dollar produced less profit in FY2025.

FY2025 looks less like a simple earnings dip and more like a scale reset: assets expanded to $669.0B while ROA fell to 0.4%, so the institution became much larger without preserving earning efficiency. Debt-to-equity dropped to 0.4x because equity expanded faster than borrowings, meaning the balance sheet carried a thicker capital cushion even as each asset dollar contributed less profit.

Operating cash flow reached $27.7B while net income was only $2.5B; for a balance-sheet-driven lender, that usually means cash flow is being shaped heavily by funding and asset movements, not just by underlying earnings. Readers should treat ROA and ROE as the cleaner scorecard for operating performance here than free-cash-flow-style strength.

Share count jumped to 621.9M shares and goodwill to $28.5B, pointing to FY2025 expansion that did not come only from retained profits. That helps explain why equity rose sharply while earnings per share compressed: owners were supporting a larger, better-capitalized balance sheet, but each share participated in a thinner stream of profit.

Financial Health Signals

Financial health score pending refresh

We are recalculating Capital One Financial's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/7

Capital One Financial passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

11.30x

For every $1 of reported earnings, Capital One Financial generates $11.30 in operating cash flow ($27.7B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$53.4B

YoY+36.6%

5Y CAGR+13.4%

10Y CAGR+8.6%

Capital One Financial generated $53.4B in revenue in fiscal year 2025. This represents an increase of 36.6% from the prior year.

EBITDA

N/A

Net Income

$2.5B

YoY-48.4%

5Y CAGR-2.0%

10Y CAGR-4.9%

Capital One Financial reported $2.5B in net income in fiscal year 2025. This represents a decrease of 48.4% from the prior year.

EPS (Diluted)

$4.03

YoY-65.2%

5Y CAGR-4.9%

10Y CAGR-5.5%

Capital One Financial earned $4.03 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 65.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$26.1B

YoY+54.2%

5Y CAGR+10.3%

10Y CAGR+10.5%

Capital One Financial generated $26.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 54.2% from the prior year.

Cash & Debt

$62.1B

YoY+42.2%

5Y CAGR+8.8%

10Y CAGR+21.3%

Capital One Financial held $62.1B in cash against $49.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

622M

YoY+63.1%

5Y CAGR+6.3%

10Y CAGR+1.7%

Capital One Financial had 622M shares outstanding in fiscal year 2025. This represents an increase of 63.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.6%

YoY-7.5pp

5Y CAGR-4.9pp

10Y CAGR-12.7pp

Capital One Financial's net profit margin was 4.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.5 percentage points from the prior year.

Return on Equity

2.2%

YoY-5.7pp

5Y CAGR-2.4pp

10Y CAGR-6.4pp

Capital One Financial's ROE was 2.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$4.1B

YoY+458.4%

5Y CAGR+59.8%

10Y CAGR+5.3%

Capital One Financial spent $4.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 458.4% from the prior year.

Capital Expenditures

$1.6B

YoY+31.1%

5Y CAGR+17.3%

10Y CAGR+11.5%

Capital One Financial invested $1.6B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 31.1% from the prior year.

COF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$53.4B+36.6%	$39.1B+6.3%	$36.8B+7.4%	$34.3B+12.5%	$30.4B+6.7%	$28.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$12.5B+32.7%	$9.4B+1.0%	$9.3B+10.4%	$8.4B+13.5%	$7.4B+9.1%	$6.8B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$15.8B+6.7%	$14.8B+16.8%	$12.7B+208.0%	$4.1B+158.0%	$1.6B-48.8%	$3.1B
Income Tax	$193.0M-83.4%	$1.2B+0.4%	$1.2B-38.4%	$1.9B-44.9%	$3.4B+602.7%	$486.0M
Net Income	$2.5B-48.4%	$4.8B-2.8%	$4.9B-33.6%	$7.4B-40.6%	$12.4B+356.5%	$2.7B
EPS (Diluted)	$4.03-65.2%	$11.59-3.0%	$11.95-33.3%	$17.91-33.5%	$26.94+420.1%	$5.18

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$15.2B-2.3%	$15.6B+1.5%	$15.4B+23.0%	$12.5B+24.9%	$10.0B-1.9%	$10.2B+1.8%	$10.0B+5.3%	$9.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.7B+7.0%	$3.4B-1.9%	$3.5B+16.6%	$3.0B+17.8%	$2.5B+9.3%	$2.3B-2.6%	$2.4B+8.7%	$2.2B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$4.1B-3.2%	$4.2B-3.2%	$4.4B+13.7%	$3.8B+12.6%	$3.4B-5.9%	$3.6B-4.4%	$3.8B+1.3%	$3.7B
Income Tax	$518.0M+50.1%	$345.0M-71.0%	$1.2B+171.4%	-$1.7B-612.6%	$325.0M-11.2%	$366.0M-17.0%	$441.0M+716.7%	$54.0M
Net Income	$2.2B+1.9%	$2.1B-33.1%	$3.2B+174.6%	-$4.3B-404.6%	$1.4B+28.1%	$1.1B-38.3%	$1.8B+197.7%	$597.0M
EPS (Diluted)	$3.34	N/A	$4.83+156.3%	$-8.58-348.7%	$3.45	N/A	$4.41+219.6%	$1.38

COF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$669.0B+36.5%	$490.1B+2.4%	$478.5B+5.1%	$455.2B+5.3%	$432.4B+2.6%	$421.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$62.1B+42.2%	$43.7B-0.2%	$43.8B+40.0%	$31.3B+41.7%	$22.1B-45.9%	$40.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$28.5B+89.3%	$15.1B0.0%	$15.1B+1.9%	$14.8B0.0%	$14.8B+0.9%	$14.7B
Total Liabilities	$555.4B+29.4%	$429.4B+2.1%	$420.4B+4.4%	$402.7B+8.4%	$371.4B+2.8%	$361.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$49.9B+10.9%	$45.0B-8.8%	$49.3B+3.1%	$47.8B+13.2%	$42.3B+6.0%	$39.9B
Total Equity	$113.6B+86.9%	$60.8B+4.6%	$58.1B+10.5%	$52.6B-13.8%	$61.0B+1.4%	$60.2B
Retained Earnings	$65.2B+1.1%	$64.5B+5.8%	$60.9B+6.6%	$57.2B+12.1%	$51.0B+27.2%	$40.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$682.9B+2.1%	$669.0B+1.1%	$661.9B+0.4%	$659.0B+33.5%	$493.6B+0.7%	$490.1B+0.8%	$486.4B+1.3%	$480.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$79.3B+27.6%	$62.1B+6.1%	$58.5B-5.0%	$61.6B+25.8%	$49.0B+12.1%	$43.7B-12.2%	$49.7B+4.0%	$47.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$28.5B0.0%	$28.5B-1.2%	$28.9B+1.9%	$28.3B+88.0%	$15.1B+0.1%	$15.1B-0.2%	$15.1B+0.1%	$15.1B
Total Liabilities	$570.6B+2.7%	$555.4B+1.3%	$548.1B0.0%	$548.0B+27.4%	$430.1B+0.2%	$429.4B+1.4%	$423.5B+0.3%	$422.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$50.3B+0.7%	$49.9B-1.9%	$50.9B-2.0%	$51.9B+26.0%	$41.2B-8.4%	$45.0B-7.8%	$48.8B+3.3%	$47.2B
Total Equity	$112.3B-1.2%	$113.6B-0.2%	$113.8B+2.6%	$111.0B+74.6%	$63.5B+4.5%	$60.8B-3.4%	$62.9B+8.5%	$58.0B
Retained Earnings	$66.8B+2.4%	$65.2B+2.5%	$63.6B+4.5%	$60.9B-7.2%	$65.6B+1.7%	$64.5B+1.3%	$63.7B+2.4%	$62.2B

COF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$27.7B+52.6%	$18.2B-11.7%	$20.6B+49.0%	$13.8B+12.2%	$12.3B-26.3%	$16.7B
Capital Expenditures	$1.6B+31.1%	$1.2B+25.3%	$961.0M+2.9%	$934.0M+33.8%	$698.0M-1.7%	$710.0M
Free Cash Flow	$26.1B+54.2%	$17.0B-13.6%	$19.6B+52.3%	$12.9B+10.9%	$11.6B-27.4%	$16.0B
Investing Cash Flow	-$444.0M+98.3%	-$26.4B-20.5%	-$21.9B+26.3%	-$29.7B+5.6%	-$31.5B-112.3%	-$14.8B
Financing Cash Flow	-$8.9B-208.4%	$8.2B-41.0%	$13.8B-44.9%	$25.1B+5201.9%	$474.0M-98.1%	$25.2B
Dividends Paid	$1.5B+62.7%	$932.0M+0.1%	$931.0M-2.0%	$950.0M-17.2%	$1.1B+149.6%	$460.0M
Share Buybacks	$4.1B+458.4%	$734.0M+2.2%	$718.0M-85.5%	$4.9B-34.9%	$7.6B+1835.1%	$393.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$6.0B-23.1%	$7.8B-14.5%	$9.2B+50.9%	$6.1B+30.0%	$4.7B+90.6%	$2.4B-62.1%	$6.5B+3.4%	$6.2B
Capital Expenditures	$553.0M+24.5%	$444.0M+14.7%	$387.0M-3.0%	$399.0M+14.7%	$348.0M-2.2%	$356.0M+14.1%	$312.0M+8.0%	$289.0M
Free Cash Flow	$5.5B-26.0%	$7.4B-15.7%	$8.8B+54.7%	$5.7B+31.2%	$4.3B+106.5%	$2.1B-66.0%	$6.1B+3.2%	$6.0B
Investing Cash Flow	$26.0M+100.3%	-$7.8B+21.5%	-$10.0B-160.4%	$16.5B+1849.2%	$845.0M+105.9%	-$14.2B-126.0%	-$6.3B+16.3%	-$7.5B
Financing Cash Flow	$11.1B+213.6%	$3.5B+257.2%	-$2.3B+77.3%	-$9.9B-4452.3%	-$218.0M-103.8%	$5.8B+231.4%	$1.7B+172.8%	-$2.4B
Dividends Paid	$502.0M-1.2%	$508.0M+31.6%	$386.0M-0.5%	$388.0M+65.8%	$234.0M+0.9%	$232.0M-0.4%	$233.0M+0.4%	$232.0M
Share Buybacks	$2.8B+10.8%	$2.5B+143.0%	$1.0B+521.0%	$167.0M-55.5%	$375.0M+132.9%	$161.0M0.0%	$161.0M-1.2%	$163.0M

COF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.6%-7.5pp	12.1%-1.1pp	13.3%-8.2pp	21.5%-19.2pp	40.7%+31.2pp	9.5%
Return on Equity	2.2%-5.7pp	7.8%-0.6pp	8.4%-5.6pp	14.0%-6.3pp	20.3%+15.8pp	4.5%
Return on Assets	0.4%-0.6pp	1.0%-0.1pp	1.0%-0.6pp	1.6%-1.3pp	2.9%+2.2pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.44-0.3	0.74-0.1	0.85-0.1	0.91+0.2	0.69+0.0	0.66
FCF Margin	48.9%+5.6pp	43.4%-10.0pp	53.3%+15.7pp	37.6%-0.6pp	38.1%-17.9pp	56.1%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.3%+0.6pp	13.7%-7.1pp	20.8%+55.0pp	-34.2%-48.3pp	14.0%+3.3pp	10.8%-7.0pp	17.8%+11.5pp	6.3%
Return on Equity	1.9%+0.1pp	1.9%-0.9pp	2.8%+6.7pp	-3.9%-6.1pp	2.2%+0.4pp	1.8%-1.0pp	2.8%+1.8pp	1.0%
Return on Assets	0.3%0.0pp	0.3%-0.2pp	0.5%+1.1pp	-0.7%-0.9pp	0.3%+0.1pp	0.2%-0.1pp	0.4%+0.3pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.450.0	0.440.0	0.45-0.0	0.47-0.2	0.65-0.1	0.74-0.0	0.78-0.0	0.81
FCF Margin	35.9%-11.5pp	47.4%-9.7pp	57.1%+11.7pp	45.4%+2.2pp	43.2%+22.7pp	20.5%-40.8pp	61.4%-1.3pp	62.6%

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Frequently Asked Questions

What is Capital One Financial's annual revenue?

Capital One Financial (COF) reported $53.4B in total revenue for fiscal year 2025. This represents a 36.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Capital One Financial's revenue growing?

Capital One Financial (COF) revenue grew by 36.6% year-over-year, from $39.1B to $53.4B in fiscal year 2025.

Is Capital One Financial profitable?

Yes, Capital One Financial (COF) reported a net income of $2.5B in fiscal year 2025, with a net profit margin of 4.6%.

How much debt does Capital One Financial have?

As of fiscal year 2025, Capital One Financial (COF) had $62.1B in cash and equivalents against $49.9B in long-term debt.

What is Capital One Financial's net profit margin?

Capital One Financial (COF) had a net profit margin of 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Capital One Financial's return on equity (ROE)?

Capital One Financial (COF) has a return on equity of 2.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Capital One Financial's free cash flow?

Capital One Financial (COF) generated $26.1B in free cash flow during fiscal year 2025. This represents a 54.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Capital One Financial's operating cash flow?

Capital One Financial (COF) generated $27.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Capital One Financial's total assets?

Capital One Financial (COF) had $669.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Capital One Financial's capital expenditures?

Capital One Financial (COF) invested $1.6B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Capital One Financial buy back shares?

Yes, Capital One Financial (COF) spent $4.1B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Capital One Financial have outstanding?

Capital One Financial (COF) had 622M shares outstanding as of fiscal year 2025.

What is Capital One Financial's debt-to-equity ratio?

Capital One Financial (COF) had a debt-to-equity ratio of 0.44 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Capital One Financial's return on assets (ROA)?

Capital One Financial (COF) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Capital One Financial's Piotroski F-Score?

Capital One Financial (COF) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Capital One Financial's earnings high quality?

Capital One Financial (COF) has an earnings quality ratio of 11.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.