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:
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