CAPITAL ONE FINANCIAL CORP
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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
Contents
Accounting Changes and Developments
Accounting Standards Issued but Not Adopted as of September 30, 2026
| Standard | Guidance | Adoption Timing and Financial Statement Impacts |
|---|---|---|
| Disaggregation of Income Statement ExpensesAccounting Standards Update (“ASU”) No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement ExpensesIssued November 2024 | Requires entities to separately disclose specific disaggregated expense categories on an annual and interim basis as well as disclose selling expenses on an annual basis. | Effective beginning with our annual period ending on December 31, 2027, with early adoption permitted. Prospective and retrospective applications are permitted.We are still assessing the extent of the impacts of adoption to our disclosures. |
| Internal-Use SoftwareASU No. 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use SoftwareIssued September 2025 | Requires entities to capitalize costs associated with internal-use software based on a new methodology, which focuses on management’s authorization and commitment to funding the project and the probability that the software will be completed and used to perform the function intended. | Effective beginning with our interim period ending on March 31, 2028, with early adoption permitted. Prospective, retrospective and modified transition applications are each permitted.We are still assessing the extent of the impacts of adoption to our consolidated financial statements. |
| Purchased Seasoned LoansASU No. 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased LoansIssued November 2025 | Expands the population of acquired financial assets subject to the gross-up approach in Topic 326, which requires an entity to record an initial allowance for credit losses through an adjustment to the asset’s amortized cost basis rather than through a current-period provision for credit losses. The expanded population includes loan receivables, excluding credit cards, acquired without credit deterioration that are deemed “seasoned,” as defined by the update. | Effective beginning with our interim period ending on March 31, 2027, with early adoption permitted. Prospective application is required.We are still assessing the extent of the impacts of adoption to our consolidated financial statements. |
| Hedge Accounting ImprovementsASU No. 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting ImprovementsIssued November 2025 | Enables entities to achieve and maintain hedge accounting to a greater number of highly effective economic hedges. | Effective beginning with our interim period ending on March 31, 2027, with early adoption permitted. Prospective application is required.We are still assessing the extent of the impacts of adoption to our consolidated financial statements. |
| 30 | Capital One Financial Corporation (COF) |
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