Filing Flows › Capital One Financial (COF) › Q2 2025
Capital One Financial (COF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Capital One Financial (COF) reported revenue of $12.5B for the second quarter 2025 (Q2 2025), +31% from a year earlier and +25% from the quarter before. Operating margin was -47.5%, net loss $4.3B (34.2% of revenue).
Capital One Financial, Q2 2025: revenue $12.5B (+31% year over year), operating margin -47.5%, net loss $4.3B, operating cash flow $6.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.5B | +25% | +31% |
| Operating profit | −$5.9B | -443% | — |
| Net earnings | −$4.3B | -405% | — |
| Operating cash flow | $6.1B | +30% | -3% |
| Free cash flow | $5.7B | +31% | -5% |
What changed
Revenue was $12.5B in Q2 2025, up 31% year over year and up 25% from the previous quarter.
Operating costs exceeded revenue by $5.9B, an operating margin of -47.5%. Total costs grew 108% against revenue growth of 31%. The quarter ended with a net loss of $4.3B, after a profit of $1.4B the previous quarter.
Operating cash flow was $6.1B (down 3% year over year). Non-cash charges added back $1.0B of depreciation and amortization and $0.23B of share-based compensation. Working capital and other items added $9.1B. Capital expenditures of $0.40B left free cash flow of $5.7B.
Questions
What was Capital One Financial's revenue in the second quarter 2025?
Capital One Financial (COF) reported revenue of $12.5B for the second quarter 2025 (Q2 2025), +31% from a year earlier and +25% from the quarter before.
Was Capital One Financial profitable in the second quarter 2025?
Operating loss was $5.9B (-47.5% of revenue) and net loss $4.3B.