Capital One Financial Corporation (COF) Earnings

metirFinance

Dec 2026upcoming

Next quarter

Expected to report Jan 21, 2027 — estimated from last year’s reporting date.

Consensus is $4.92 EPS for Dec 2026 across 7 estimates, ranging $4.78 to $5.17.

COF Sep 2026

Reported Oct 20, 2026 · after the close

: 22.75%
: +2.53%

: $5.45
: $6.69
: —
: $2.84B

Reported results

: $2.84B; from $2.28B
: $3.54B; from $3.19B
: $5.61; from $4.83

Highlights

EPS beat: September-quarter diluted EPS was $6.69, $1.24 above the $5.45 consensus, a 22.75% surprise; EPS was $4.73 in Q2 FY2026 and $4.83 in Q3 FY2025.
Domestic card credit: September net charge-offs were $787 million, or 3.66% of average loans; 30+ day performing delinquencies were $9.741 billion, or 3.74% of period-end loans.
Auto credit: Net charge-offs were $125 million, or 1.62%; 30+ day performing delinquencies were $4.314 billion, or 4.64%, and nonperforming loans were $603 million, or 0.65%.
Loan balances: September period-end domestic credit-card loans were $260.252 billion; auto loans were $92.901 billion.
Limited quarterly disclosure: The supplied release reports September monthly credit metrics, but does not provide quarterly revenue, net income, or comparable prior-period credit metrics.

Analysis

Capital One reported diluted EPS of $6.69 for the quarter ended September 30, 2026, beating the $5.45 consensus by $1.24, or 22.75%. EPS rose 41% from $4.73 in Q2 FY2026 and was 39% above the $4.83 reported in Q3 FY2025. The supplied materials do not include current-quarter revenue or net income, so the earnings beat cannot be attributed here to revenue growth, expenses, taxes, or other factors, nor can those measures be compared with the year-ago quarter or the preceding quarter.

The accompanying release is focused on September monthly credit performance. Domestic credit-card loans held for investment were $260.252 billion at month-end, with a 3.66% net charge-off rate and 3.74% 30+ day performing delinquency rate. Auto loans ended the month at $92.901 billion; the charge-off rate was 1.62%, while 30+ day delinquencies were 4.64% and nonperforming loans were 0.65%. The materials provide no earlier monthly credit readings for trend comparison, so these figures describe the September position rather than establishing whether credit improved or deteriorated. Overall, the print combines a substantial EPS beat with credit metrics that need historical context to assess direction.

Quarterly earnings

EPS and consensus: Diluted EPS of $6.69 exceeded the $5.45 consensus by $1.24, equivalent to the stated 22.75% surprise.
Period comparisons: EPS increased from $4.73 in Q2 FY2026 and from $4.83 in Q3 FY2025. The supplied materials do not give current-quarter revenue or net income, preventing comparison of those measures with either period.

Domestic card credit

Balances: Average domestic credit-card loans held for investment were $257.744 billion and period-end loans were $260.252 billion.
Charge-offs: September net charge-offs were $787 million, an annualized rate of 3.66% of average loans.
Delinquencies: 30+ day performing delinquencies were $9.741 billion, or 3.74% of period-end loans. Nonperforming loans are reported as not applicable for this category.

Auto credit

Balances: Average auto loans held for investment were $92.450 billion; period-end loans were $92.901 billion.
Charge-offs: Net charge-offs were $125 million, equivalent to a 1.62% annualized rate.
Delinquencies and nonperformers: 30+ day performing delinquencies were $4.314 billion, or 4.64% of period-end loans. Nonperforming loans were $603 million, or 0.65%.

Disclosure limits

The earnings information provided consists of the EPS result and consensus, while the attached release gives September monthly charge-off and delinquency metrics. It does not include quarterly revenue, net income, management commentary, or historical monthly credit comparisons. As a result, the EPS beat is clear, but its drivers and the direction of credit trends cannot be established from these materials.

Capital One Financial Corporation

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