Capital One Financial CorpCOF
What Capital One Financial Corp does.
Capital One Financial Corporation, a Delaware corporation established in 1994 and headquartered in McLean, Virginia, is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries (the “Company” or “Capital One”) operate as a global payments provider and diversified financial institution, delivering a broad array of financial products and services to consumers, small businesses and commercial clients through digital channels, branch locations, cafés and other distribution channels.
As of December 31, 2025, Capital One Financial Corporation’s principal operating subsidiary was Capital One, National Association (“CONA”). On May 18, 2025 (the “Closing Date”), Discover Financial Services (“Discover”) merged into Capital One and Discover Bank merged into CONA. See “Part II—Item 8. Financial Statements and Supplementary Data—Note 2—Business Combinations and Discontinued Operations” for additional information. The Company is hereafter collectively referred to as “we,” “us” or “our.” CONA is referred to as the “Bank.”
References to “this Report” or our “2025 Form 10-K” or “2025 Annual Report” are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. All references to 2025, 2024 and 2023, refer to our fiscal years ended, or the dates, as the context requires, December 31, 2025, December 31, 2024 and December 31, 2023, respectively. Certain business terms used in this document are defined in “Part II—Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”)—Glossary and Acronyms” and should be read in conjunction with the Consolidated Financial Statements included in this Report.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $28.5B | $30.4B | $34.3B | $36.8B | $39.1B | $53.4B |
| Net income | $2.7B | $12.4B | $7.4B | $4.9B | $4.8B | $2.5B |
| Free cash flow | $16.0B | $11.6B | $12.9B | $19.6B | $17.0B | $26.1B |
More on COF.
- Capital One Financial Corp summary
- Capital One Financial Corp financial statements
- Capital One Financial Corp key metrics
- Capital One Financial Corp health scores and style box
- Capital One Financial Corp earnings
- Capital One Financial Corp dividends
- Capital One Financial Corp valuation
- Capital One Financial Corp ownership and insiders
- Capital One Financial Corp peers
Figures from Capital One Financial Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.