Capital One Financial (COF) FY2024 results: revenue $39.1 billion, up 6.3% on the year
Capital One Financial Corp. (COF) reported revenue of $39.1 billion for fiscal 2024, the year ended 31 December 2024, up 6.3% on the year before. Net income was $4.8 billion, down 2.8%, and diluted earnings per share $11.59. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$39.1 billion
+6.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$4.8 billion
-2.8% on the year
FY2017FY2024
Diluted EPS
$11.59
-3.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
18,159
20,575
13,809
-11.7%
Capital expenditure
1,204
961
934
+25.3%
Free cash flow
16,955
19,614
12,875
-13.6%
Cash from investing
-26,410
-21,920
-29,738
Cash from financing
8,167
13,844
25,131
-41.0%
Depreciation and amortisation
3,237
3,226
3,210
+0.3%
Share-based compensation
569
513
314
+10.9%
Buybacks
734
718
4,948
+2.2%
Dividends paid
932
931
950
+0.1%
Diluted shares, weighted
384m
383m
393m
+0.1%
Shares outstanding at period end
381m
380m
381m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
60,784
58,089
52,582
+4.6%
Deposits
362,707
348,413
332,992
+4.1%
Repurchase agreements
562
538
883
+4.5%
Debt
45,551
49,856
48,715
-8.6%
Other liabilities
20,540
21,568
20,077
-4.8%
Total liabilities and equity
490,144
478,464
455,249
+2.4%
Fixed assets
4,511
4,375
4,351
+3.1%
Goodwill
15,059
15,065
14,777
-0.0%
Intangible assets
233
310
159
-24.8%
Securities held for sale or to maturity
83,013
79,117
76,919
+4.9%
Cash and equivalents
43,671
43,755
31,256
-0.2%
Other assets
343,657
335,842
327,787
+2.3%
Total assets
490,144
478,464
455,249
+2.4%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.