CAPITAL ONE FINANCIAL CORP

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 3, 2026

COF$201.87-1.0%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2026

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No.001-13300

CAPITAL ONE FINANCIAL CORP ORATION

(Exact name of registrant as specified in its charter)

1680 Capital One Drive,
Delaware		54-1719854
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
McLean,	Virginia		22102
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (703)720-1000

(Not Applicable)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock (par value $.01 per share)	COF	New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I	COF PRI	New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J	COF PRJ	New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K	COF PRK	New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L	COF PRL	New York Stock Exchange
Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N	COF PRN	New York Stock Exchange
1.650% Senior Notes Due 2029	COF29	New York Stock Exchange
4.326% Fixed-to-Floating Rate Senior Notes Due 2032	COF32	New York Stock Exchange
4.832% Fixed-to-Floating Rate Senior Notes Due 2037	COF37	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

As of September 30, 2026, there were 601,533,153 shares of the registrant’s Common Stock outstanding.

TABLE OF CONTENTS

Page
PART I - FINANCIAL INFORMATION	4
Item 1.	Financial Statements	73
	Consolidated Statements of Income	74
	Consolidated Statements of Comprehensive Income	75
	Consolidated Balance Sheets	76
	Consolidated Statements of Changes in Stockholders’ Equity	77
	Consolidated Statements of Cash Flows	79
	Notes to Consolidated Financial Statements	81
	Note 1—Summary of Significant Accounting Policies	81
	Note 2—Business Combinations	82
	Note 3—Investment Securities	84
	Note 4—Loans	87
	Note 5—Allowance for Credit Losses and Reserve for Unfunded Lending Commitments	104
	Note 6—Variable Interest Entities and Securitizations	109
	Note 7—Goodwill and Other Intangible Assets	113
	Note 8—Deposits and Borrowings	115
	Note 9—Derivative Instruments and Hedging Activities	116
	Note 10—Stockholders’ Equity	126
	Note 11—Earnings Per Common Share	130
	Note 12—Fair Value Measurement	131
	Note 13—Business Segments and Revenue from Contracts with Customers	139
	Note 14—Commitments, Contingencies, Guarantees and Others	143
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”)	4
	Introduction	4
	Selected Financial Data	6
	Executive Summary	9
	Consolidated Results of Operations	10
	Consolidated Balance Sheets Analysis	16
	Off-Balance Sheet Arrangements	18
	Business Segment Financial Performance	19
	Critical Accounting Policies and Estimates	29
	Accounting Changes and Developments	30
	Capital Management	31
	Risk Management	37
	Credit Risk Profile	39
	Liquidity Risk Profile	52
	Market Risk Profile	56
	Supervision and Regulation	61
	Forward-Looking Statements	62
	Supplemental Table	64
	Glossary and Acronyms	66

1	Capital One Financial Corporation (COF)

Item 3.	Quantitative and Qualitative Disclosures about Market Risk	147
Item 4.	Controls and Procedures	148
PART II—OTHER INFORMATION	149
Item 1.	Legal Proceedings	149
Item 1A.	Risk Factors	149
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	149
Item 3.	Defaults Upon Senior Securities	149
Item 4.	Mine Safety Disclosures	149
Item 5.	Other Information	149
Item 6.	Exhibits	150
EXHIBIT INDEX	151
SIGNATURES	152

2	Capital One Financial Corporation (COF)

INDEX OF MD&A AND SUPPLEMENTAL TABLE

MD&A Tables: · Page
1	Consolidated Financial Highlights	6
2	Average Balances, Net Interest Income and Net Interest Margin	11
3	Rate/Volume Analysis of Net Interest Income	13
4	Non-Interest Income	14
5	Non-Interest Expense	15
6	Loans Held for Investment	17
7	Funding Sources Composition	17
8	Business Segment Results	20
9	Credit Card Business Results	21
9.1	Domestic Card Business Results	23
10	Consumer Banking Business Results	24
11	Commercial Banking Business Results	26
12	Other Category Results	28
13	Capital Ratios Under Basel III	33
14	Regulatory Risk-Based Capital Components and Regulatory Capital Metrics	34
15	Preferred Stock Dividends Paid Per Share	35
16	Domestic Credit Card Loan Portfolio by Geographic Region	40
17	Auto Loan Portfolio by Geographic Region	41
18	Commercial Real Estate Loan Portfolio by Region	42
19	Commercial Loans by Industry	43
20	Credit Score Distribution	44
21	30+ Day Delinquencies	45
22	Aging and Geography of 30+ Day Delinquent Loans	46
23	90+ Day Delinquent Loans Accruing Interest	46
24	Nonperforming Loans and Other Nonperforming Assets	47
25	Net Charge-Offs (Recoveries)	48
26	Allowance for Credit Losses and Reserve for Unfunded Lending Commitments Activity	50
27	Liquidity Reserves	52
28	Deposits Composition and Average Deposits Interest Rates	54
29	Long-Term Debt Funding Activities	55
30	Senior Unsecured Long-Term Debt Credit Ratings	55
31	Interest Rate Sensitivity Analysis	59
Supplemental Table:
A	Reconciliation of Non-GAAP Measures	64

3	Capital One Financial Corporation (COF)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.