Capital One Financial Corp Q2 2026: Revenue $15.85B, Net income $2.94B, EPS $4.73— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Capital One Financial Corp reported Q2 2026 results with revenue of $15.85B and net income of $2.94B, a significant recovery from the prior year's loss. Diluted EPS reached $4.73. Growth was driven by higher credit-card balances following Discover and Brex acquisitions and expanded payment volumes. While credit trends improved in domestic cards, operating expenses rose due to integration costs.
Capital One Financial Corp reported results for the second quarter of 2026 with net revenue of $15.85B and net income available to common stockholders of $2.94B, compared with $12.49B revenue and a net loss of $4.34B in the year‑ago quarter; diluted EPS was $4.73 versus $(8.58) a year earlier.
Financial Highlights
- Revenue was $15.85B for Q2 2026, up from $12.49B in the year‑ago quarter; YoY change 27%.
- Net income was $2.94B for Q2 2026, versus a net loss of $4.34B in the year‑ago quarter.
- Diluted EPS was $4.73 for Q2 2026, versus $(8.58) in the year‑ago quarter.
Business Highlights
- Net revenue growth was driven by higher credit‑card balances following the Discover and Brex acquisitions and by expanded payment volumes.
- Integration of Discover’s Global Payment Network (Discover, PULSE, Diners Club) and large-scale debit card reissuance boosted payment volume.
- Credit card portfolio scale increased, including Brex corporate cards; Consumer Banking grew auto lending and deposits under the company’s national banking strategy.
- Ongoing Discover and Brex integrations raised operating expense and amortization, with dedicated integration teams and integration charges incurred during the period.
- Credit trends improved in domestic card portfolios with lower delinquency and charge‑offs; allowance releases in domestic card portfolios were partly offset by allowance builds in auto lending.
Original SEC Filing: CAPITAL ONE FINANCIAL CORP [ COF ] - 10-Q - Jul. 28, 2026