Capital One Financial’s Revenue by Segment (2016-2023)

This statistic highlights Capital One Financial’s Revenue by Segment, split across Commercial Banking, Consumer Banking, Credit card, and Others, reported every quarter from 2016 Q1 onwards.

Capital One Financial’s Revenue by Segment

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

In the first quarter of 2022, the overall value began at $8,173.0 million. It increased and will reach $9,040.0 million in the fourth quarter of 2022. However, it fell slightly to $8,903.0 million in the first quarter of 2023, showing an overall growth rate of 9% during this period.

Commercial Banking

Capital One’s commercial banking sector generated $884 million in revenue in Q1 2022, a 3% decrease from the previous year. This segment’s revenue increased by 23% to $1,086 million in the fourth quarter of 2022. However, revenue fell to $860 million in Q1 2023, resulting in a 3% year-on-year loss. Regardless of the swings, it is clear that Capital One’s commercial banking segment had some difficulty throughout this time, possibly as a result of macroeconomic issues or changes in the business landscape.

Consumer Banking

Over the analyzed period, the consumer banking segment, which is an important element of Capital One’s operations, showed encouraging growth. Revenue from consumer banking was recorded at $2,218 million in Q1 2022, rising to $2,533 million in Q4 2022, a 12% increase year over year. The favorable trend continued into Q1 2023, with sales remaining stable at $2,495 million, reflecting a 12% year-on-year growth rate. This constant performance demonstrates that Capital One was effective in retaining and growing its consumer banking customer base.

Credit Card

Capital One’s credit card business expanded rapidly over the period under consideration. Credit card revenue was $5,297 million in Q1 2022, rising to $5,982 million in Q4 2022, representing a 14% year-on-year rise. The growing trend continued into Q1 2023, with revenue increasing by 14% year on year to $6,020 million. Capital One’s outstanding growth in the credit card market suggests that the company successfully capitalized on consumer spending trends while also managing credit risk efficiently.

Other Income

Capital One earns money from a variety of areas from commercial banking, consumer banking, and credit cards. These other revenue streams contributed -$226 million in Q1 2022, showing a net loss in this category. Capital One, on the other hand, was able to limit losses and enhance performance, as indicated by -$256 million in revenue in Q4 2022 and -$472 million in Q1 2023. Despite the negative numbers, it is worth noting that this segment’s YoY growth rate was an amazing 109%, demonstrating great success in optimizing these revenue streams.

About Company

Capital One Financial Corporation is a well-known bank holding firm in the United States. Its headquarters are in McLean, Virginia, and it provides a variety of financial services including commercial banking, consumer banking, and credit cards. Capital One has established itself as an industry leader due to its innovative approach, technology-driven solutions, and a strong emphasis on client experience. The company has grown significantly and retains a substantial position in the banking sector, serving both business and individual consumers.

Did you like Capital One Financial’s Revenue by Segment statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.