Capital One Financial (CFX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 21, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

3.84

Last Year’s EPS

4.43

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 21, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a generally positive performance and strategic progress: solid earnings (adjusted EPS), sequential improvement in pre-provision earnings, strong liquidity and capital, good credit trends in card and auto, and successful execution on strategic integration steps (debit conversion, Brex close, travel insourcing). Offsetting items include a QoQ NIM decline driven by elevated cash and seasonality, short-term Discover-related growth headwinds, near-term elevated marketing and integration-related expenses, allowance builds in select portfolios, and a modest CET1 hit from the Brex deal. Management communicated confidence in delivering expected synergies and long-term earnings power despite near-term noise and investment-driven pressure on efficiency.

Company Guidance

Management provided detailed near‑term and integration guidance: Q1 reported $2.2B net income ($3.34 GAAP EPS, $4.42 adj.), revenue -2% QoQ, noninterest expense -9% QoQ, pre‑provision earnings +$530M (8%; +$430M adj., 6%), provision ~ $4.1B (net charge‑offs ~$3.8B, allowance build $230M) and an allowance balance of $23.6B (total coverage 5.28%, +12bps). Key business metrics: Domestic Card purchase volume +40% YoY (ex‑Discover +8%), ending card loans +69% YoY (ex‑Discover +3.9%), revenue margin 16.9%, charge‑offs 5.1% (↑17bps QoQ, ↓109bps YoY), delinquency 3.7% (↓29bps QoQ); Consumer Banking: txn volume ~$174B, auto originations +21% YoY, ending loans +10% YoY, deposits +35% YoY, revenue +37% YoY, auto charge‑offs 1.64% (delinq 4.21%); Commercial: loans +1% QoQ, annualized NCO 0.29%, criticized performing 4.99%. Liquidity and capital: liquidity reserves ~$165B, cash ~$76B (+$19B QoQ), preliminary LCR 166%, NIM 7.87% (↓39bps QoQ—2 fewer days ≈‑18bps; one extra day in Q2 ≈+9bps), CET1 14.4% (+10bps QoQ) after $2.5B of buybacks; Brex consideration ~$4.5B expected to reduce CET1 by ~40bps in Q2. Integration and outlook: debit conversion to Discover complete with revenue synergies flowing (Q2), Discover originations to be on Capital One tech by end‑Q3 and back‑book conversion by Q1’27, expense synergies more back‑loaded with total synergies target $2.5B by mid‑2027, and management reaffirmed earnings‑power (ROTCE) normalized to a 12.5% capital base remains consistent with the original deal assumptions.

Strong Reported and Adjusted EPS

GAAP Q1 EPS $3.34; adjusted EPS (net of Discover integration and purchase accounting adjustments) $4.42.

Pre-Provision Earnings Increased Sequentially

Pre-provision earnings rose by ~$530 million (≈8%) sequentially; adjusted pre-provision earnings increased ~ $430 million (≈6%).

Robust Liquidity Position

Total liquidity reserves ≈ $165 billion; cash increased to ≈ $76 billion (up ~$19 billion QoQ); preliminary liquidity coverage ratio ~166%.

Strong Capital Position

Common Equity Tier 1 (CET1) ratio 14.4%, up 10 bps QoQ; $2.5 billion of share repurchases executed in the quarter.

Domestic Card Top-Line Growth and Improving Credit

Year-over-year purchase volume up 40% (includes Discover); excluding Discover +8% YoY. Ending loan balances +69% YoY (incl Discover); excluding Discover +3.9% YoY. Domestic card charge-off rate 5.1% (up 17 bps QoQ, improved 109 bps YoY). Delinquency 3.7% (down 29 bps QoQ, down 55 bps YoY).

Consumer Banking Growth

Consumer banking revenue up ~37% YoY driven largely by the Discover addition and auto growth; auto originations +21% YoY; ending consumer loans +10% YoY; ending consumer deposits +35% YoY.

Commercial Credit Performance

Commercial annualized net charge-off rate 0.29% (decreased 14 bps QoQ); ending and average loan balances roughly +1% QoQ.

Progress on Strategic Milestones and Integration

Closed Brex acquisition (~$4.5 billion consideration) and brought Capital One travel technology in-house; successful conversion of Capital One debit customers to the Discover Network; management remains on track to deliver $2.5 billion of synergies by mid-2027 with meaningful revenue synergies already beginning from debit conversion.

Capital One Financial (CH:CFX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CH:CFX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 21, 2026	2026 (Q2)	3.84 / -	4.435	―	―	―
Apr 21, 2026	2026 (Q1)	3.64 / 3.58	3.286	8.87% (+0.29)
Jan 22, 2026	2025 (Q4)	3.35 / 3.12	2.501	24.92% (+0.62)
Oct 21, 2025	2025 (Q3)	3.63 / 4.82	3.65	31.93% (+1.17)
Jul 22, 2025	2025 (Q2)	3.28 / 4.43	2.541	74.52% (+1.89)
Apr 22, 2025	2025 (Q1)	2.94 / 3.29	2.598	26.48% (+0.69)
Jan 21, 2025	2024 (Q4)	2.29 / 2.50	1.813	37.95% (+0.69)
Oct 24, 2024	2024 (Q3)	3.05 / 3.65	3.601	1.35% (+0.05)
Jul 23, 2024	2024 (Q2)	2.76 / 2.54	2.849	-10.80% (-0.31)
Apr 25, 2024	2024 (Q1)	2.68 / 2.60	1.869	38.96% (+0.73)