Capital One COF

Credit cards & banking. Capital One Financial Corporation, listed on NYSE.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Capital One's market cap is
about $122.6 billion.

#91 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $53.434B.

Share price (close): $203.84; Close on Nov 5, 2026 · per share
P/E ratio: 50.6x; Closing price ÷ latest annual EPS
Market cap: $122.6B; #91 of 289
Revenue: $53.434B; #72 of 299 · +36.6% YoY
Operating income: —; Not reported
Net income: $2.453B; #167 of 298 · −48.4% YoY
Free cash flow: $26.14B; #9 of 261 · +54.2% YoY
Total assets: $669.009B; #13 of 299 · +36.5% YoY
Dividends paid: $1.516B; #97 of 214 · +62.7% YoY
Dividend per share: —; Not reported
Dividend yield: —; No dividend, or a different currency
Shares outstanding: 625,102,271 shares; As of Dec 31, 2025

Size, put in perspective

Revenue every second$1,690$146M a day

Net income every second$78$6.72M a day

Buying American Express with a year's profit1.1% of itBased on American Express's market cap of about $218.1 billion

Market cap vs American Express0.6×Capital One ÷ American Express

Calculated from the FY2025 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Expenses95.7%
Net income4.6%

Non-operating gains such as investment income (0.3% of revenue) were added, so net income is larger than operating income.

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +36.6%; #16 of 299; Revenue grew sharply over the year. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: —; Not ranked; Banks and insurers often don't report operating income, so look at pretax income instead.
Net marginShare of revenue left as profit after interest and taxes: 4.6%; #251 of 298; After taxes, 4.6% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 48.9%; #9 of 261; Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 2.8%; #253 of 276; Earnings relative to equity are on the low side. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: —; Not ranked; Bank and insurer liabilities include customer deposits and insurance reserves, so they aren't compared with other industries.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$27.718B
Capital spending−$1.578B
Free cash flow (FCF)$26.14B
Dividends paid−$1.516B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 83%Equity 17%

Total assets$669.009B
Total liabilities$555.393B
Total equity$113.616B
Cash and equivalents$62.093B

For banks and insurers, customer deposits and insurance reserves count as liabilities, so the liability share looks large.

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Capital OneCOF	$53.434B	$2.453B	+36.6%	—	4.6%
American ExpressAXP	$41.304B	$10.833B	+6.4%	—	26.2%
Rocket CompaniesRKT	$6.695B	−$68M	+31.2%	—	−1.0%

What the company does

Capital One is a bank known for credit cards and auto loans. Its 2025 acquisition of Discover Financial gave it its own payments network.

The fiscal year ends around December each year.

Related companies: American Express, Rocket Companies

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	30.435B	34.25B	36.787B	39.112B	53.434B
Pretax income	15.809B	9.24B	6.045B	5.91B	2.281B
Net income	12.39B	7.36B	4.887B	4.75B	2.453B
EPS (diluted)	$26.94	$17.91	$11.95	$11.59	$4.03
Operating cash flow	12.31B	13.809B	20.575B	18.159B	27.718B
Capital expenditures	698M	934M	961M	1.204B	1.578B
Free cash flow (FCF)	11.612B	12.875B	19.614B	16.955B	26.14B
Dividends paid	1.148B	950M	931M	932M	1.516B
Total assets	432.381B	455.249B	478.464B	490.144B	669.009B
Total liabilities	371.352B	402.667B	420.375B	429.36B	555.393B
Total equity	61.029B	52.582B	58.089B	60.784B	113.616B
Cash and equivalents	22.054B	31.256B	43.755B	43.671B	62.093B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Capital One Financial Corporation · CIK 0000927628 · US-GAAP