Capital One
Credit-card bank operating Discover payment networks and Brex business-finance software.
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Profile
Earns interest and fees from consumer and small-business credit cards, deposits, auto and commercial lending, and the Discover, PULSE, and Diners Club payment networks. Credit cards anchor the franchise, while Brex extends it into corporate cards, expense management, and business payments.
Issues consumer and small-business credit cards and personal loans through its Credit Card segment, with domestic cards at the center and additional card operations in the United Kingdom and Canada. Consumer Banking gathers deposits, finances autos, and houses the Discover, PULSE, and Diners Club Global Payment Network; Commercial Banking provides lending, deposits, capital markets, and treasury management.
Adds corporate cards, expense-management software, and real-time business payments through the recently acquired Brex. Digital channels, credit underwriting, data analytics, marketing, and a broad deposit base support lending and payments across a predominantly U.S. franchise, while the payment networks operate globally.
Earnings depend on consumer credit performance, deposit funding, and interest rates, while banking, card, privacy, data-security, and payment-network regulation governs the operating model. Discover and Brex remain active integration programs.
Company facts
Key statistics
Year to date −13.0% · Average volume (30d) 3.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Wolfe Research | Reiterate | Outperform | $270 | $275 | |
| Aug 20, 2026 | Deutsche Bank | Target | $256 | $245 | ||
| Aug 3, 2026 | UBS | Reiterate | Buy | $266 | $280 | |
| Jul 22, 2026 | Barclays | Reiterate | Overweight | $242 | $240 | |
| Jul 13, 2026 | HSBC | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $4.79 | $5.81 | +21.3% | $15.76B | $15.85B | +0.6% | −2.36% |
| Apr 21, 2026Q1 FY26 | $4.50 | $4.42 | −1.8% | $15.35B | $15.23B | −0.7% | −1.52% |
| Jan 22, 2026Q4 FY25 | $4.14 | $3.86 | −6.8% | $15.47B | $15.58B | +0.7% | −7.56% |
| Oct 21, 2025Q3 FY25 | $4.49 | $5.95 | +32.5% | $15.07B | $15.36B | +1.9% | +1.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.41B | $16.41B | $19.82B | $19.61B | $19.32B | $19.86B | |
| Gross profit | $7.63B | $1.15B | $12.75B | $11.25B | $11.16B | $16.87B | |
| Operating income | $1.73B | −$5.93B | $4.38B | $2.10B | $2.70B | $7.34B | |
| Net income | $1.40B | −$4.28B | $3.19B | $2.13B | $2.17B | $3.02B | |
| Diluted EPS | $3.45 | −$8.58 | $4.83 | $3.26 | $3.34 | $4.73 | |
| Gross margin | 56.9% | 7.0% | 64.3% | 57.4% | 57.8% | 85.0% | |
| Operating margin | 12.9% | -36.1% | 22.1% | 10.7% | 14.0% | 37.0% |
Fiscal years (4-quarter sums)FY21 $32.03B · FY22 $38.37B · FY23 $49.48B · FY24 $53.97B · FY25 $69.25B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $56.74B · Total debt $45.37B · Total assets $673.84B · Shareholders' equity $113.79B
Dividends
Raised for 5 straight years — most recently to $0.80 from $0.60 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 1 | $0.80 | |
| May 19, 2026 | May 19 | Jun 1 | $0.80 | |
| Feb 19, 2026 | Feb 19 | Mar 2 | $0.80 | |
| Nov 17, 2025 | Nov 17 | Dec 1 | $0.80 | raised from $0.60 |
| Aug 15, 2025 | Aug 15 | Sep 2 | $0.60 | |
| May 23, 2025 | May 23 | Jun 5 | $0.60 | |
| Feb 18, 2025 | Feb 18 | Mar 3 | $0.60 | |
| Nov 14, 2024 | Nov 14 | Nov 22 | $0.60 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 613.49M · Float 608.25M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 51.05M | 8.32% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 40.65M | 6.63% | 13F | Aug 13, 2026 |
| State Street Corp | 27.80M | 4.53% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 17.79M | 2.90% | 13F | Aug 12, 2026 |
| Geode Capital Management, LLC | 14.36M | 2.34% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Celia Karam | officer: Pres, Retail Bank | −1,888 | $225.52 |
| Aug 17, 2026 | Lia Dean | officer: Pres, Banking & Prem. Products | −2,193 | $225.52 |
| Aug 13, 2026 | Mark Daniel Mouadeb | officer: President, Card | −1,199 | $225.00 |
| Aug 10, 2026 | Michael Zamsky | officer: Chief Credit & Fin'l Risk Off. | −5,473 | $218.02 |
| Aug 7, 2026 | Ravi Raghu | officer: Pres, Software, Intl & Sm Bus | −50 | $218.49 |
Peers
- JPMorgan Chase
Largest US card issuer competing across cards, auto, and consumer banking.
- American Express
Premium card issuer and closed-loop network competing on travel rewards.
- Citi
Third-largest US card issuer competing in mid-tier rewards and co-brands.
- Bank of America
Fifth-largest US card issuer competing in cards, auto loans, and banking.
- Synchrony Financial
Dominant private-label card issuer competing for retail co-brand programs.
- Ally Financial
Largest bank auto lender and all-digital bank overlapping in auto and deposits.
- Visa
Dominant global payment network competing with Discover network on routing.
- Mastercard
Second-largest global network competing for volume COF now routes via Discover.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Capital One | $223.60 | +3.64% | $132.31B | 13.3 | 9.9 | 1.7 | +26.0% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| American Express | $333.50 | +0.10% | $225.01B | 20.2 | 17.9 | 2.7 | +10.0% |
| Citi | $132.62 | −0.19% | $227.81B | 14.3 | 11.4 | 1.3 | +14.3% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| Synchrony Financial | $80.54 | +3.19% | $25.40B | 8.0 | 8.2 | 1.3 | −21.1% |
| Ally Financial | $42.18 | 0.00% | $12.83B | 9.9 | 7.1 | 0.8 | −0.3% |
| Visa | $381.03 | −0.14% | $712.47B | 32.4 | 26.4 | 16.0 | +14.4% |
| Mastercard | $595.33 | −0.00% | $522.10B | 32.7 | 28.0 | 14.9 | +14.1% |
| Median | 14.9 | 13.8 | 2.5 | +14.2% |