Filing Flows › Capital One Financial (COF) › Q3 2026
Capital One Financial (COF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Capital One Financial (COF) reported revenue of $16.3B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +3% from the quarter before. Operating margin was 28.0%, net earnings $3.5B (21.7% of revenue).
Capital One Financial, Q3 2026: revenue $16.3B (+6% year over year), operating margin 28.0%, net earnings $3.5B, operating cash flow $5.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.3B | +3% | +6% |
| Operating profit | $4.6B | +20% | +4% |
| Net earnings | $3.5B | +17% | +11% |
| Operating cash flow | $5.7B | -32% | -38% |
| Free cash flow | $5.3B | -34% | -39% |
What changed
Revenue was $16.3B in Q3 2026, up 6% year over year and up 3% from the previous quarter.
Operating profit was $4.6B, a 28.0% margin (down 0.6 points year over year). Of the extra revenue versus Q3 2025, 19% reached operating profit, below the 29% margin then. Total costs grew 7% against revenue growth of 6%. Net earnings were $3.5B, up 11% year over year. The effective tax rate was 22.6%.
Operating cash flow was $5.7B (down 38% year over year), 161% of net earnings. Non-cash charges added back $1.6B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items added $0.43B. Capital expenditures of $0.39B left free cash flow of $5.3B.
Questions
What was Capital One Financial's revenue in the third quarter 2026?
Capital One Financial (COF) reported revenue of $16.3B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +3% from the quarter before.
Was Capital One Financial profitable in the third quarter 2026?
Operating profit was $4.6B (28.0% of revenue) and net earnings $3.5B.