Capital One Q3 Net Income $3.5B ($5.61 EPS), Adjusted EPS $6.69 as Credit Costs Ease
COF sits 15% above its 52-week low of $174.24.
Summary
Capital One earned $3.54B, or $5.61 per diluted share, in Q3 2026, with adjusted EPS of $6.69 as charge-offs fell to 2.73% and the net interest margin widened to 8.41%.
Key Events · Earnings and Guidance · COF
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Q3 Net Income Rises to $3.54B
Diluted EPS of $5.61 versus $4.73 in Q2 2026 and $4.83 in Q3 2025; adjusted diluted EPS was $6.69.
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Credit Costs Improve Sharply
Net charge-offs fell to $3.121B, a 2.73% rate versus 3.23% in Q2, and the quarter included a $225M loan reserve release; provision was $2.916B.
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Margin and Revenue Expand
Total net revenue rose 3% QoQ to $16.344B and net interest margin widened 40bps to 8.41%, lifting pre-provision earnings 10% to $7.5B.
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Capital Return Shrinks Share Count
CET1 ratio was 13.8% (preliminary) and diluted shares fell to 609.5M from 621.1M in Q2, reflecting continued buybacks.
Analysis · COF · Finance
Capital One's third-quarter profit rose to $3.54B from $3.02B in Q2, with diluted EPS of $5.61 versus $4.73. The cleaner read is adjusted EPS of $6.69, which strips out $483M of acquisition amortization and $385M of Discover and Brex integration costs. Credit is the real story: net charge-offs fell to 2.73% from 3.23% and the company released $225M of loan reserves, while the net interest margin widened 40bps to 8.41%. Capital remains thick at a 13.8% CET1 ratio, and the bank bought back enough stock to shrink the diluted share count to 609.5M from 621.1M. The soft spots are a 27bps rise in 30+ day card delinquencies and a 1% decline in deposits.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, COF was trading at $200.99 on NYSE in the Finance sector, with a market capitalization of approximately $123.7B. The 52-week trading range was $174.24 to $259.64. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.