Capital One Financial (COF)

The company now

Capital One earned $3.5 billion in the third quarter of 2026, or $5.61 per diluted share, against $3.2 billion a year earlier 1. Total net revenue rose 3 percent from the second quarter to $16.3 billion, and the provision for credit losses, money set aside for loans expected to go bad, was $2.9 billion 1.

Cards drove the quarter: the domestic card charge-off rate, the share of balances written off as lost, fell 73 basis points, hundredths of a percentage point, from the second quarter to 3.98 percent 4. Chief executive Richard Fairbank credited delinquencies that improved earlier in the year and strong recoveries, money collected on loans already written off 4. The bank also released $225 million of its loss reserve 1.

Fairbank said the results so far in 2026 reflect about $1.8 billion a year of savings and added revenue from the Discover merger, mostly from moving Capital One debit cards onto the Discover Network 4. The open question is the merchants' revised settlement with Visa and Mastercard over card fees, which has a court hearing on final approval in November 4. Fairbank said the fees it may cost and the merger gains still to come are "roughly offsetting in magnitude" 4.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.