Capital One Financial (COF) financial statements
Capital One Financial reported revenue of $8.1B in fiscal 2025, down 12.0% a year over 9 years.
Net income was $2.5B.
Free cash flow was $26.1B, and the company returned $1.5B in dividends and $4.1B in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Capital One Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.5B | $27.2B | $3.4B | $3.8B | $3.7B | $4.8B | $5.4B | $5.6B | $5.9B | $8.1B |
| Interest expense | $2.0B | $2.8B | $4.3B | $5.2B | $3.1B | $1.6B | $4.1B | $12.7B | — | — |
| Pre-tax income | $5.5B | $5.5B | $7.3B | $6.9B | $3.2B | $15.8B | $9.2B | $6.0B | $5.9B | $2.3B |
| Income tax | $1.7B | $3.4B | $1.3B | $1.3B | $486M | $3.4B | $1.9B | $1.2B | $1.2B | $193M |
| Net income | $3.8B | $2.0B | $6.0B | $5.5B | $2.7B | $12.4B | $7.4B | $4.9B | $4.8B | $2.5B |
| EPS (diluted) | $6.89 | $3.49 | $11.82 | $11.05 | $5.18 | $26.94 | $17.91 | $11.95 | $11.59 | $4.03 |
| Diluted shares | 510M | 489M | 483M | 470M | 459M | 444M | 393M | 383M | 384M | 541M |
| Net margin | 14.7% | 7.3% | 175.3% | 145.2% | 72.6% | 259.2% | 135.9% | 86.6% | 80.3% | 30.4% |
Balance sheet
Fiscal years, from Capital One Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $12.5B | $14.4B | $13.5B | $13.7B | $40.8B | $22.1B | $31.3B | $43.8B | $43.7B | $62.1B |
| Property, plant and equipment | $3.7B | $4.0B | $4.2B | $4.4B | $4.3B | $4.2B | $4.4B | $4.4B | $4.5B | $5.6B |
| Goodwill | $14.5B | $14.5B | $14.5B | $14.7B | $14.7B | $14.8B | $14.8B | $15.1B | $15.1B | $28.5B |
| Total assets | $357.0B | $365.7B | $372.5B | $390.4B | $421.6B | $432.4B | $455.2B | $478.5B | $490.1B | $669.0B |
| Long-term debt | $59.5B | $59.7B | $49.5B | $48.4B | $39.9B | $42.3B | $47.8B | $49.3B | $45.0B | $49.9B |
| Total liabilities | $309.5B | $317.0B | $320.9B | $332.4B | $361.4B | $371.4B | $402.7B | $420.4B | $429.4B | $555.4B |
| Shareholders' equity | $47.5B | $48.7B | $51.7B | $58.0B | $60.2B | $61.0B | $52.6B | $58.1B | $60.8B | $113.6B |
| Net debt | $47.0B | $45.4B | $36.0B | $34.6B | -$900M | $20.2B | $16.6B | $5.6B | $1.3B | -$12.2B |
Cash flow
Fiscal years, from Capital One Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.9B | $14.2B | $13.0B | $16.6B | $16.7B | $12.3B | $13.8B | $20.6B | $18.2B | $27.7B |
| Capital spending | $779M | $1.0B | $874M | $887M | $710M | $698M | $934M | $961M | $1.2B | $1.6B |
| Free cash flow | $11.1B | $13.2B | $12.1B | $15.8B | $16.0B | $11.6B | $12.9B | $19.6B | $17.0B | $26.1B |
| Stock-based compensation | $239M | $244M | $170M | $239M | $203M | $331M | $314M | $513M | $569M | $776M |
| Dividends paid | $812M | $780M | $773M | $753M | $460M | $1.1B | $950M | $931M | $932M | $1.5B |
| Share buybacks (net) | -$3.7B | -$240M | -$2.3B | -$1.5B | -$393M | -$7.6B | -$4.9B | -$718M | -$734M | -$4.1B |
| Free cash flow margin | 43.4% | 48.3% | 352.8% | 412.4% | 427.9% | 242.9% | 237.7% | 347.5% | 286.6% | 324.2% |
| Dividends per share | $1.59 | $1.60 | $1.60 | $1.60 | $1.00 | $2.58 | $2.42 | $2.43 | $2.43 | $2.80 |
Questions
What was Capital One Financial's revenue in 2025?
$8.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Capital One Financial generate?
$26.1B in fiscal 2025 (operating cash flow minus capital spending).
From Capital One Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.