Q3 25 EPS
$4.83
BEAT +10.73%
Est. $4.36
Q3 25 Revenue
$15.36B
BEAT +1.83%
Est. $15.08B
vs S&P Since Q3 25
-22.1%
TRAILING MARKET
COF -14.1% vs S&P +7.9%
Market Reaction
Did COF Beat Earnings? Q3 2025 Results
Capital One posted a convincing beat in Q3 2025, with earnings per diluted share of $4.83 clearing the $4.36 consensus estimate by 10.73% and revenue of $15.36 billion topping expectations by 1.83% while growing 11.3% year over year, as the company r… Read more Capital One posted a convincing beat in Q3 2025, with earnings per diluted share of $4.83 clearing the $4.36 consensus estimate by 10.73% and revenue of $15.36 billion topping expectations by 1.83% while growing 11.3% year over year, as the company reported its first full quarter with Discover Financial Services fully consolidated following the May acquisition. The most material driver of the quarter's strength was the complete contribution of Discover's credit card and payment network operations, which propelled the Credit Card segment to $11.61 billion in total net revenue and pushed net interest margin to 8.36%, up 74 basis points sequentially. Credit quality also improved, with the net charge-off rate declining 8 basis points to 3.16% and a $760 million loan reserve release recorded in the period. Capital One also raised its quarterly dividend to $0.80 per share, up from $0.60, signaling confidence in its financial footing. CEO Richard Fairbank noted the integration "continues to go well," and that the company is well positioned to capitalize on the opportunities ahead.
Key Takeaways
- • Full-quarter contribution of Discover Financial Services acquisition completed May 18, 2025
- • Net interest margin expansion of 74 basis points to 8.36%
- • Net interest income growth of 24% quarter-over-quarter and 54% year-over-year
- • $760 million loan reserve release in Q3 2025
- • Credit Card purchase volume up 14% sequentially to $230.4 billion
- • Domestic Card net charge-off rate declined 62 basis points sequentially to 4.63%
- • Global Payment Network volume of $153.1 billion
COF YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
COF Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the third quarter, our adjusted earnings, top-line growth, credit results, and capital generation continued to be strong.”
— Richard D. Fairbank, Q3 2025 Earnings Press Release
COF Earnings Trends
COF vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
COF EPS Trend
Earnings per share: estimate vs actual
COF Revenue Trend
Quarterly revenue: estimate vs actual
COF Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $4.42 | — | $15.23B | — |
| Q4 25 MISS FY | $4.14 | $3.86 | -6.76% | $15.58B | +310.69% |
| FY Full Year | $19.76 | $4.03 | -79.61% | $53.43B | +0.20% |
| Q3 25 BEAT | $4.36 | $4.83 | +10.73% | $15.36B | +1.83% |
| Q2 25 BEAT | $3.56 | $5.48 | +54.02% | $12.49B | -1.61% |
| Q1 25 BEAT | $3.65 | $4.06 | +11.19% | $10.00B | -0.49% |