CAPITAL ONE FINANCIAL CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Capital One (COF) delivered strong Q1 FY2026 results with revenue surging 52.3% YoY to $15.23B and net income rising 54.8% to $2.17B, largely reflecting the transformative impact of its Discover Financial acquisition, though basic EPS dipped 3.5% due to a significantly higher share count.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue jumped 52.3% YoY to $15.23B in Q1 FY2026, compared to $10.00B in the prior-year period. The dramatic increase is primarily attributable to the consolidation of Discover Financial's operations following the acquisition close, substantially expanding Capital One's balance sheet and income streams.
Net income grew 54.8% YoY to $2.17B from $1.40B, indicating that the acquired Discover business contributed positively to the bottom line and that integration costs have not yet materially eroded profitability. Net margin improved modestly to approximately 14.3%.
Total assets ballooned 38.4% YoY to $682.9B, while stockholders' equity surged 76.7% to $112.3B, reflecting the equity issued as consideration for the Discover acquisition. Total liabilities rose 32.7% to $570.6B, consistent with absorbing Discover's deposit and debt obligations.
Revenue
$15.23B
++52.31% YoY
EPS (Basic)
$3.34
-3.47% YoY
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