Capital One Financial’s Revenue Breakdown (2016-2023)

This statistic highlights Capital One Financial’s Revenue Breakdown, split across Net Interest Income, and Non-interest Income, reported quarterly from 2016 Q1 onwards.

Capital One Financial’s Revenue Breakdown

(All the values are in USD millions, except percentage)

Capital One’s Total Revenue was $8,173.0 million in Q1 2022, and it climbed to $9,040.0 million in Q4 2022. However, in the first quarter of 2023, Total Revenue decreased dramatically to $3,503.0 million, a 57% year-on-year fall. This substantial fall in overall revenue demonstrates Capital One’s struggles during that period and highlights the necessity for a thorough examination of the variables driving the company’s performance.

Net Interest Income

The difference between interest collected on loans and investments and interest paid on deposits and borrowings is represented by net interest income (NII). It is a major source of income for banks and financial institutions such as Capital One.

Capital One reported a Net Interest Income of $6,397.0 million in Q1 2022, which grew slightly to $7,197.0 million in Q4 2022. However, in Q1 2023, the NII decreased drastically to $1,786.0 million, a shocking 72% year-on-year-on-year drop. This significant decrease could be ascribed to a variety of causes, including changes in interest rates, market dynamics, and the broader economic environment.

Non-Interest Income

Non-interest income (NII) is a broad term that refers to any revenue streams that are not directly tied to traditional interest-earning activities. Fees, commissions, trading gains, and other auxiliary services are all included in this category.

Capital One recorded Non-Interest Income of $1,776.0 million in the first quarter of 2022, which grew marginally to $1,843.0 million in the fourth quarter of the same year. Non-interest income, on the other hand, fell to $1,717.0 million in Q1 2023, a 3% year-on-year decrease. This segment’s fall could be attributed to changes in customer behavior, legislative changes, or modifications in the company’s strategic focus.

About Company

Capital One Financial Corporation, located in McLean, Virginia, is a well-known American bank holding corporation. It is one of the greatest financial institutions in the United States, and it provides a wide range of financial products and services, such as credit cards, banking, and lending solutions. Capital One has received praise for its creative approach to digital banking and customer service. With a strong emphasis on technology and data-driven insights, the company is a financial sector leader, servicing millions of consumers across the country. Its dedication to delivering accessible and user-friendly financial products has cemented its reputation as a reliable and trustworthy company.

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