Filing Flows › Capital One Financial (COF) › Q2 2026
Capital One Financial (COF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Capital One Financial (COF) reported revenue of $15.8B for the second quarter 2026 (Q2 2026), +27% from a year earlier and +4% from the quarter before. Operating margin was 24.1%, net earnings $3.0B (19.1% of revenue).
Capital One Financial, Q2 2026: revenue $15.8B (+27% year over year), operating margin 24.1%, net earnings $3.0B, operating cash flow $8.4B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.8B | +4% | +27% |
| Operating profit | $3.8B | +41% | — |
| Net earnings | $3.0B | +39% | — |
| Operating cash flow | $8.4B | +40% | +39% |
| Free cash flow | $8.1B | +48% | +43% |
What changed
Revenue was $15.8B in Q2 2026, up 27% year over year and up 4% from the previous quarter.
Operating profit was $3.8B, a 24.1% margin (up 71.6 points year over year). Total costs fell 35% while revenue rose 27%. Net earnings were $3.0B. The effective tax rate was 20.9%.
Operating cash flow was $8.4B (up 39% year over year), 280% of net earnings. Non-cash charges added back $1.6B of depreciation and amortization and $0.21B of share-based compensation. Working capital and other items added $3.6B. Capital expenditures of $0.37B left free cash flow of $8.1B.
Questions
What was Capital One Financial's revenue in the second quarter 2026?
Capital One Financial (COF) reported revenue of $15.8B for the second quarter 2026 (Q2 2026), +27% from a year earlier and +4% from the quarter before.
Was Capital One Financial profitable in the second quarter 2026?
Operating profit was $3.8B (24.1% of revenue) and net earnings $3.0B.