> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Capital One reports Q2 2026 net income of $3.0 billion with EPS of $4.73 on $15.9 billion revenue
- URL: https://www.theglobalbanker.com/capital-one-q2-2026-net-income-3-billion-eps-4-73-revenue-15-9/
- Published: 2026-07-22T04:00:00.000Z
- Updated: 2026-10-02T00:49:21.000Z
- Description: Capital One posted second-quarter net income of $3.0 billion and diluted EPS of $4.73, on 4% quarter-on-quarter revenue growth to $15.9 billion, with adjusted EPS of $5.81.
- Author: TGB Editorial Team
- Tags: Banking News, Americas

Capital One Financial reported second-quarter net income of $3.0 billion and diluted earnings per share of $4.73, on 4% quarter-on-quarter growth in total net revenue to $15.9 billion, the McLean, Virginia-based consumer lender said in its earnings release on Tuesday.

Adjusted earnings per share came in at $5.81, according to the release published on the group's investor relations site. Average loans held for investment increased 1%, or $4.4 billion, to $450.7 billion during the quarter.

#### CARDS AND CONSUMER LOANS EXPAND

Within that total, Credit Card average loans increased $223 million, or less than 1%, to $271.2 billion, while Consumer Banking average loans rose $2.9 billion, or 3%, to $88.6 billion. 

Total net revenue growth of 4% to $15.9 billion outpaced loan growth, and net interest margin rose 14 basis points to 8.01%. 

Provision for credit losses decreased $1.1 billion to $3.0 billion, with net charge-offs of $3.6 billion and a $662 million loan reserve release. 

#### GAAP AND ADJUSTED EARNINGS DIVERGE

The gap between reported diluted EPS of $4.73 and adjusted EPS of $5.81 reflects adjusting items, including acquisition amortisation expenses ($0.60 per share), Discover integration expenses ($0.36) and Brex integration expenses ($0.12). 

Net income of $3.0 billion for the three months to the end of June compared with $2.2 billion in the first quarter of 2026 and a net loss of $4.3 billion in the second quarter of 2025\. "Our results in the second quarter continue to reflect solid top line growth and strong credit performance," said Richard D. Fairbank, founder, chairman and chief executive officer.

Marketing expense rose 11% in the quarter, while the rate paid on interest-bearing deposits fell 9 basis points to 2.91%.