Filing Flows › Capital One Financial (COF) › Q4 2025
Capital One Financial (COF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Capital One Financial (COF) reported revenue of $15.6B for the fourth quarter 2025 (Q4 2025), +53% from a year earlier and +1% from the quarter before. Operating margin was 15.9%, net earnings $2.1B (13.7% of revenue).
Capital One Financial, Q4 2025: revenue $15.6B (+53% year over year), operating margin 15.9%, net earnings $2.1B, operating cash flow $7.8B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.6B | +1% | +53% |
| Operating profit | $2.5B | -43% | +70% |
| Net earnings | $2.1B | -33% | +95% |
| Operating cash flow | $7.8B | -14% | +220% |
| Free cash flow | $7.4B | -16% | +253% |
What changed
Revenue was $15.6B in Q4 2025, up 53% year over year and up 1% from the previous quarter.
Operating profit was $2.5B, a 15.9% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 14% margin then. Total costs grew 50% against revenue growth of 53%. Net earnings were $2.1B, up 95% year over year. The effective tax rate was 13.9%.
Operating cash flow was $7.8B (up 220% year over year), 367% of net earnings. Non-cash charges added back $1.6B of depreciation and amortization and $0.20B of share-based compensation. Working capital and other items added $3.9B. Capital expenditures of $0.44B left free cash flow of $7.4B.
Questions
What was Capital One Financial's revenue in the fourth quarter 2025?
Capital One Financial (COF) reported revenue of $15.6B for the fourth quarter 2025 (Q4 2025), +53% from a year earlier and +1% from the quarter before.
Was Capital One Financial profitable in the fourth quarter 2025?
Operating profit was $2.5B (15.9% of revenue) and net earnings $2.1B.