CAPITAL ONE FINANCIAL CORP

Other Category

Other includes unallocated amounts related to our centralized Corporate Treasury group activities, such as management of our corporate investment securities portfolio, asset/liability management and oversight of our funds transfer pricing process. Other also includes:

•unallocated corporate revenue and expenses that do not directly support the operations of the business segments or for which the business segments are not considered financially accountable in evaluating their performance, such as certain restructuring charges and Discover integration expenses;

•residual tax expense or benefit to arrive at the consolidated effective tax rate that is not assessed to our primary business segments; and

•foreign exchange rate fluctuations on foreign currency-denominated balances. As a result of our derivative management activities, we believe our net exposure to foreign exchange risk is minimal.

Table 12 summarizes the financial results of our Other category for the periods indicated.

Table 12: Other Category Results

(1)Some of our commercial investments generate tax-exempt income, tax credits or other tax benefits. Accordingly, we present our Commercial Banking revenue and yields on a taxable-equivalent basis, calculated using a blended federal and state statutory tax rate, with offsetting reductions to the Other category.

Loss from continuing operations, net of tax decreased by $240 million to a loss of $193 million in the third quarter of 2026 primarily driven by an income tax benefit compared to an income tax provision in the third quarter of 2025.

Loss from continuing operations, net of tax decreased by $204 million to a loss of $501 million in the first nine months of 2026 compared to the first nine months of 2025 primarily driven by higher treasury income, partially offset by higher Discover integration expenses.

Discover integration expenses remained substantially flat at $338 million in the third quarter of 2026 compared to the third quarter of 2025. Discover integration expenses increased by $294 million to $1.1 billion in the first nine months of 2026 compared to the first nine months of 2025 primarily driven by higher salaries and associate benefits, which are included within operating expense in our consolidated statements of income and within the Other category for business segment results. Since the announcement of the Transaction in the first quarter of 2024, we have incurred $2.4 billion of Discover integration expenses as of September 30, 2026. For additional information on integration expenses, see “Consolidated Results of Operations—Non-Interest Expense—Integration Expenses.”