Capital One Financial (COF-PL) Operating Expenses (2009 - 2026)
Capital One Financial (COF-PL) posted quarterly Operating Expenses of $8.5 billion for Q1 2026, up 43.41% YoY from $5.9 billion in Q1 2025, and down 9.4% sequentially from $9.3 billion in Q4 2025.
Capital One Financial (COF-PL) Operating Expenses (2009 - 2026) Analysis & Trends
Capital One Financial has disclosed Operating Expenses across 18 years of filings, most recently posting $8.5 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 43.41% year-over-year to $8.5 billion; the TTM figure through Mar 2026 stood at $33.1 billion (up 48.58% YoY), while the FY2025 annual figure was $30.5 billion, up 41.94% from the prior year.
- Operating Expenses retreated to $8.5 billion in Q1 2026, from $9.3 billion in the prior quarter.
- Over the last five years, Operating Expenses for COF-PL reached as high as $9.3 billion in Q4 2025 and fell as low as $4.6 billion in Q1 2022.
- The 5-year median for Operating Expenses is $5.1 billion (2024), against an average of $5.9 billion.
- Annual changes were most pronounced in 2023 — Operating Expenses decreased 1.8% — and 2025, when it soared 55.49%.
- A 5-year view of Operating Expenses shows it stood at $5.1 billion in 2022, then gained by 12.54% to $5.7 billion in 2023, then grew by 6.51% to $6.1 billion in 2024, then jumped by 53.42% to $9.3 billion in 2025, then dropped by 9.4% to $8.5 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $8.5 billion, $9.3 billion, and $8.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 4.00 Bn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 3.49 Bn |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 13.88 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 6.87 Bn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 950.34 Mn |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 891.92 Mn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 1.24 Bn |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 422.90 Mn |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | -363.39 Mn |
| 10 | Capital One Financial | - | - | - | 8.46 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.46 Bn |
| Dec 31, 2025 | 9.34 Bn |
| Sep 30, 2025 | 8.26 Bn |
| Jun 30, 2025 | 6.99 Bn |
| Mar 31, 2025 | 5.90 Bn |
| Dec 31, 2024 | 6.09 Bn |
| Sep 30, 2024 | 5.31 Bn |
| Jun 30, 2024 | 4.95 Bn |
| Mar 31, 2024 | 5.14 Bn |
| Dec 31, 2023 | 5.72 Bn |
| Sep 30, 2023 | 4.86 Bn |
| Jun 30, 2023 | 4.79 Bn |
| Mar 31, 2023 | 4.95 Bn |
| Dec 31, 2022 | 5.08 Bn |
| Sep 30, 2022 | 4.95 Bn |
| Jun 30, 2022 | 4.58 Bn |
| Mar 31, 2022 | 4.55 Bn |
| Dec 31, 2021 | 4.68 Bn |
| Sep 30, 2021 | 4.19 Bn |
| Jun 30, 2021 | 3.97 Bn |