Capital One Financial Corporation reported third-quarter 2026 net income of $3.5 billion, or $5.61 per diluted common share, up from $4.73 in the second quarter and $4.83 a year earlier. Adjusted net income was $6.69 per diluted share after excluding $1.08 of adjusting items related to acquisition amortization and integration expenses for Discover and Brex. Total net revenue rose 3 percent to $16.3 billion, while the provision for credit losses decreased $73 million to $2.9 billion. Pre-provision earnings increased 10 percent to $7.5 billion, supported by a 40 basis point expansion in net interest margin to 8.41 percent and a decline in non-interest expense of 2 percent to $8.9 billion. Capital One operates as a diversified financial institution providing credit card, consumer banking, and commercial banking services.
