Capital One Reports Q3 2026 Earnings with Strong Performance Amid Discover Integration
Capital One (COF) reported strong financial results for its third quarter in 2026, driven by the integration of Discover and continued growth across key segments. The company recorded a net income of $3.5 billion or $5.61 per diluted share, up from $3.2 billion in the prior year period. Adjusted earnings per share reached $6.69 after excluding items related to acquisitions and integrations. Total revenue rose 3% sequentially to $16.3 billion due to higher yields on domestic card business activities. Non-interest expenses declined by 2%, reflecting cost management efforts, while pre-provision earnings increased by 10%. Capital One also reported a net interest margin of 8.41%, up from the previous quarter. The company highlighted continued growth in auto originations and consumer banking revenue, as well as strong performance across its global payment network. However, it warned about potential negative impacts on future earnings due to interchange settlement losses and geopolitical risks.
Tickers: $COF
Topics: expense management financial results net income revenue growth