Capital One Reports Strong Q2 2026 Earnings with Significant Profit Rebound and Improved Credit Quality
COF sits 21% above its 52-week low of $174.24.
Summary
Capital One announced strong Q2 2026 financial results, reporting a significant rebound in net income and improved credit quality, driven by lower credit loss provisions and solid revenue growth.
Key Events · Earnings and Guidance · COF
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Profitability Rebound
Net income surged to $3.0 billion ($4.73 per diluted common share) in Q2 2026, a substantial increase from $2.2 billion ($3.34 per diluted common share) in Q1 2026 and a significant turnaround from a $4.3 billion net loss in Q2 2025.
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Improved Credit Quality
Provision for credit losses decreased by $1.1 billion to $3.0 billion, including a $662 million loan reserve release. The net charge-off rate improved to 3.23% from 3.45% sequentially.
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Solid Revenue Growth
Total net revenue increased 4% quarter-over-quarter to $15.9 billion, supported by a 14 basis point rise in net interest margin to 8.01%.
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Acquisition Integration Progress
CEO Richard D. Fairbank noted that the integration of Discover is progressing well, with related integration expenses impacting adjusted earnings.
Analysis · COF · Finance
Capital One delivered robust second-quarter results, marking a substantial turnaround from a net loss in the prior year and strong sequential growth. Key drivers include a significant increase in net income, improved credit quality with a notable decrease in credit loss provisions and net charge-offs, and solid revenue growth. The company also reported an increase in net interest margin and continued progress on the Discover acquisition integration.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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 $209.99 on NYSE in the Finance sector, with a market capitalization of approximately $127B. The 52-week trading range was $174.24 to $259.64. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.