Capital One Financial (COF) FY2023 results: revenue $36.8 billion, up 7.4% on the year
Capital One Financial Corp. (COF) reported revenue of $36.8 billion for fiscal 2023, the year ended 31 December 2023, up 7.4% on the year before. Net income was $4.9 billion, down 33.6%, and diluted earnings per share $11.95. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$36.8 billion
+7.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$4.9 billion
-33.6% on the year
FY2016FY2023
Diluted EPS
$11.95
-33.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
20,575
13,809
12,310
+49.0%
Capital expenditure
961
934
698
+2.9%
Free cash flow
19,614
12,875
11,612
+52.3%
Cash from investing
-21,920
-29,738
-31,501
Cash from financing
13,844
25,131
474
-44.9%
Depreciation and amortisation
3,226
3,210
3,481
+0.5%
Share-based compensation
513
314
331
+63.4%
Buybacks
718
4,948
7,605
-85.5%
Dividends paid
931
950
1,148
-2.0%
Diluted shares, weighted
383m
393m
444m
-2.5%
Shares outstanding at period end
380m
381m
414m
-0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
58,089
52,582
61,029
+10.5%
Deposits
348,413
332,992
310,980
+4.6%
Repurchase agreements
538
883
820
-39.1%
Debt
49,856
48,715
43,086
+2.3%
Other liabilities
21,568
20,077
16,466
+7.4%
Total liabilities and equity
478,464
455,249
432,381
+5.1%
Fixed assets
4,375
4,351
4,210
+0.6%
Goodwill
15,065
14,777
14,782
+1.9%
Intangible assets
310
159
111
+95.0%
Securities held for sale or to maturity
79,117
76,919
95,261
+2.9%
Cash and equivalents
43,755
31,256
22,054
+40.0%
Other assets
335,842
327,787
295,963
+2.5%
Total assets
478,464
455,249
432,381
+5.1%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.