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Capital One Financial
Capital One Financial (COF) investor relations material
Capital One Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary22 Jan, 2026
Executive summary
Reported Q4 2025 net income of $2.1B ($3.26 per diluted share); full-year net income of $2.5B ($4.03 per share); adjusted Q4 EPS was $3.86 and full-year adjusted EPS was $19.61.
Full-year 2025 net revenue rose 37% to $53.4B.
Completed the acquisition of Discover and announced a definitive agreement to acquire Brex for $5.15B, expected to close mid-2026.
Q4 included significant adjusting items: Discover intangible amortization ($509M), integration expenses ($352M), legal reserves ($117M), gain on home loan sale ($483M), and FDIC special assessment ($29M).
Financial highlights
Q4 revenue increased 1% sequentially to $15.6B; full-year revenue up 37% to $53.4B.
Pre-provision earnings declined 12% sequentially to $6.2B, but increased 30% year-over-year to $22.9B for 2025.
Provision for credit losses was $4.1B in Q4, with net charge-offs of $3.8B and a $302M loan reserve build.
Q4 non-interest expense increased 13% to $9.3B, driven by higher marketing and operating expenses.
Net interest margin for Q4 was 8.26% (adjusted 8.28%), down 10 bps sequentially.
Outlook and guidance
Expect continued upward pressure on efficiency ratio in the near term due to ongoing investments and acquisitions.
Brex transaction expected to close around mid-2026, with no change to planned share repurchase pace.
Anticipate resumption of Discover card growth after tech integration is complete.
Higher tax refunds in 2026 expected to provide a one-time benefit to consumer credit.
Brex acquisition's capital impact?
Q4 provision for credit losses drivers?
Discover acquisition's NIM impact?
Brex deal's impact on post-Discover earnings?
10% rate cap impact on credit availability?
Efficiency ratio improvement: revenue or expense?
Partial view of Summaries dataset, powered by Quartr API
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Next Capital One Financial earnings date
Q1 202621 Apr, 2026
Capital One Financial
Next Capital One Financial earnings date
Q1 202621 Apr, 2026
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Frequently asked questions
Personal Banking, Financing, and Loans
Capital One provides banking and financial services to individuals, small businesses, and large corporations. The company is based in the US but has operations and branches in Canada and the UK. With a diverse portfolio of products and solutions, Capital One offers various types of banking services, including checking and savings accounts, credit cards, loans, and investment options. Through an extensive network of branches and a robust online banking platform, Capital One aims to provide reliable and accessible banking services to its customers.
All-encompassing banking services for individuals
Capital One offers a range of banking services to private individuals. Customers can open checking and savings accounts to manage their day-to-day finances, while also providing access to features like online and mobile banking for easy access and transactions. Capital One's credit card offerings cater to different needs and lifestyles, providing rewards, cashback, or building credit options. The company also provides personal and auto loans. Some notable competitors listed on public exchanges are Wells Fargo, Bank of America, and Citigroup.
A robust online banking platform
Capital One's online banking platform offers a convenient and secure way for users to manage their finances, regardless of where in the world they are. With online banking, customers can easily access their accounts, view balances, transfer funds, and pay bills online. The platform has a suite of appreciated features, allowing customers to navigate their accounts, track transactions, and set up customized alerts for account activity. Online banking also enables users to deposit checks remotely using their mobile devices, which makes processing a lot more convenient.
Services aimed at business and commercial clients
Capital One also offers banking services tailored to meet the needs of commercial customers and businesses. These services include business checking and savings accounts, merchant services, commercial loans, lines of credit, and cash management solutions. Capital One provides businesses with tools and resources to manage their finances effectively, such as online banking platforms, mobile banking apps, and treasury management services. Additionally, Capital One offers specialized banking services for specific industries, such as healthcare, real estate, and professional services.
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