Capital One (COF) Q2 2026

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Capital One Financial posted a solid second-quarter 2026 earnings beat, with diluted EPS of $4.73 edging past the $4.72 consensus estimate by 0.20%, while revenue of $15.85 billion cleared Wall Street's $15.77 billion forecast by 0.52%, even as total… Read more Capital One Financial posted a solid second-quarter 2026 earnings beat, with diluted EPS of $4.73 edging past the $4.72 consensus estimate by 0.20%, while revenue of $15.85 billion cleared Wall Street's $15.77 billion forecast by 0.52%, even as total net revenue slipped 3.4% from a year earlier. The headline story, however, was the sharp swing back to profitability, with GAAP net income of $3.02 billion compared to a net loss of $4.28 billion in the year-ago period, which had been weighed down by Discover acquisition-related charges. The single biggest driver of the quarter's improvement was a 27% sequential decline in the provision for credit losses to $2.99 billion, aided by a $662 million allowance release, while the net charge-off rate fell 22 basis points to 3.23% and the 30-plus day delinquency rate improved to 3.13%. Investors had been watching the report closely for signals on consumer credit health, and the improving delinquency trends offered some reassurance. Net interest margin expanded 14 basis points to 8.01%, and the return on tangible common equity reached 18.04%.