Every 10-Q that Capital One Financial (COF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow COF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full COF filings page.
Capital One Financial Corporation reported a sharp turnaround for the quarter ended June 30, 2026, with net income of $3.0 billion ($4.73 per diluted share) on total net revenue of $15.9 billion, compared with a net loss of $4.3 billion a year earlier. For the first six months of 2026, net income was $5.2 billion versus a $2.9 billion loss in 2025.
Results were driven by strong loan-driven growth and the Discover acquisition: net interest income rose to $12.4 billion for the quarter and non‑interest income to $3.5 billion, while the provision for credit losses fell to $3.0 billion from $11.4 billion, reflecting the absence of the large initial Discover allowance booked in 2025. Average loans held for investment increased to $450.7 billion, purchase volume reached $253.8 billion, and the Global Payment Network volume was $189.6 billion.
Credit quality indicators were stable to better, with a net charge‑off rate of 3.23% and a 30+ day delinquency rate of 3.13%. The allowance for credit losses stood at $23.0 billion (5.02% coverage). Capital remained strong with a CET1 ratio of 13.7%. Capital One completed the $4.5 billion Brex acquisition and repurchased $2.7 billion of common stock in the quarter, returning $5.2 billion via buybacks in the first half of 2026 alongside higher common dividends.
Capital One Financial Corporation reported strong growth for the first quarter of 2026, with net income of $2.2 billion ($3.34 per diluted share) on total net revenue of $15.2 billion, up from $1.4 billion on $10.0 billion a year earlier.
Results were driven by a 52% increase in net interest income and higher non-interest income, mainly from much larger credit card loan balances following the Discover acquisition. These gains were partly offset by a 72% rise in the provision for credit losses and a 43% increase in non-interest expense, including Discover-related integration and intangible amortization.
Average loans held for investment rose 38% year over year to $446.2 billion, while net charge-offs increased to $3.8 billion and a 3.45% net charge-off rate. Capital remained robust, with a common equity Tier 1 ratio of 14.4%. The company paid $505 million in common dividends, repurchased $2.5 billion of common stock, and closed the $4.5 billion Brex acquisition to expand business payments capabilities.
Capital One Financial (COF) reported strong third‑quarter 2025 results that reflect its acquisition of Discover. Total net revenue rose to $15.4 billion from $10.0 billion a year earlier, while net income from continuing operations increased to $3.2 billion, up from $1.8 billion. For the first nine months of 2025, total net revenue grew to $37.9 billion, but net income from continuing operations fell sharply to $334 million versus $3.7 billion in 2024, mainly due to a large $16.5 billion provision for credit losses that includes the initial allowance for $108.2 billion of loans acquired in the Discover transaction.
The Discover deal closed May 18, 2025 with purchase consideration of $51.8 billion, bringing in $168.1 billion of identifiable assets and $106.9 billion of deposits and creating a new Global Payment Network business. Period‑end loans held for investment increased to $443.2 billion from $327.8 billion at December 31, 2024, and total deposits rose to $468.8 billion from $362.7 billion. Credit quality remained stable to slightly better, with the net charge‑off rate at 3.16% versus 3.27% a year earlier and the 30+ day delinquency rate at 3.50%, down from 3.98% at year‑end 2024.
Capital levels strengthened despite the acquisition. The common equity Tier 1 capital ratio under Basel III increased to 14.4% at September 30, 2025 from 13.5% at December 31, 2024, and the tangible common equity ratio rose to 10.8% from 8.6%. The allowance for credit losses grew to $23.1 billion from $16.3 billion, lifting the coverage ratio to 5.21%. Management highlighted higher net interest income, driven by larger loan balances and lower rates paid on deposits, and stronger non‑interest income supported by credit card growth and Discover’s Global Payment Network, but these benefits were partly offset by higher operating and marketing expenses, including $757 million of year‑to‑date integration costs. The company is exiting the Discover Home Loan business and has authorized a new $16 billion share repurchase program, underscoring a focus on capital returns alongside integration of the Discover acquisition.