Companies /Financial Services

Capital One Financial Corp

NYSE: COF Credit Services
$214.51
▼ $1.16 (−0.54%) today
Markets closed · 5:50am ET

Q3 2025 Earnings

Reported Oct 21, 2025, 4:05pm ET · SEC source
$4.83
Beat +10.73%
EPS · est. $4.36
$15.4B
Beat +1.83%
Revenue · est. $15.1B
−4.4%
Trailing market
COF vs S&P since report
3 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+2%+4%Oct 21Oct 22report 4:05pm ETearnings−0.4%+0.9%
0+2%+4%Oct 21Oct 22earnings−0.4%+0.9%
COF +0.9%S&P 500 −0.4%
0+3%Oct 21Oct 22report 4:05pm ETearnings−0.7%+0.9%
0+3%Oct 21Oct 22earnings−0.7%+0.9%
COF +0.9%NASDAQ −0.7%
−3%0+3%Oct 20Oct 29report 4:05pm ETearnings+2.2%−2.8%
−3%0+3%Oct 20Oct 29earnings+2.2%−2.8%
COF −2.8%S&P 500 +2.2%
−3%0+3%Oct 20Oct 29report 4:05pm ETearnings+3.9%−2.8%
−3%0+3%Oct 20Oct 29earnings+3.9%−2.8%
COF −2.8%NASDAQ +3.9%
+1.53%
Day of report
−0.15%
Next session
−0.81%
One week
−5.68%
30 days

S&P 500 over the same 30 days: −1.31%.

Did COF Beat Earnings? Q3 2025 Results

Capital One posted a convincing beat in Q3 2025, with earnings per diluted share of $4.83 clearing the $4.36 consensus estimate by 10.73% and revenue of $15.36 billion topping expectations by 1.83% while growing 11.3% year over year, as the company reported its first full quarter with Discover Financial Services fully consolidated following the May acquisition. The most material driver of the quarter's strength was the complete contribution of Discover's credit card and payment network operations, which propelled the Credit Card segment to $11.61 billion in total net revenue and pushed net interest margin to 8.36%, up 74 basis points sequentially. Credit quality also improved, with the net charge-off rate declining 8 basis points to 3.16% and a $760 million loan reserve release recorded in the period. Capital One also raised its quarterly dividend to $0.80 per share, up from $0.60, signaling confidence in its financial footing. CEO Richard Fairbank noted the integration "continues to go well," and that the company is well positioned to capitalize on the opportunities ahead.

Key Takeaways
  • Full-quarter contribution of Discover Financial Services acquisition completed May 18, 2025
  • Net interest margin expansion of 74 basis points to 8.36%
  • Net interest income growth of 24% quarter-over-quarter and 54% year-over-year
  • $760 million loan reserve release in Q3 2025
  • Credit Card purchase volume up 14% sequentially to $230.4 billion
  • Domestic Card net charge-off rate declined 62 basis points sequentially to 4.63%
  • Global Payment Network volume of $153.1 billion

“In the third quarter, our adjusted earnings, top-line growth, credit results, and capital generation continued to be strong.”

Capital One CEO, on the earnings call

Forward Guidance & Outlook

CEO Fairbank stated the company is "well positioned to capitalize on the opportunities that lie in front of us," signaling confidence in the post-Discover integration trajectory. No specific numeric forward guidance was provided.

COF YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$5.0B$10.0B$15.0B$13.8B$15.4BRevenue$1.8B$3.2BNet Income$2.2B$4.4BOperating Income
$0$5.0B$10.0B$15.0BRevenueNet IncomeOperating Income

COF Revenue by Segment

Domestic Card$10.9B+59.0%
Credit Card$11.6B+60.0%
Consumer Banking$2.8B+28.0%
Commercial Banking$904.0M+2.0%

Figures from SEC filings and company reports. Not investment advice.