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Capital One Financial (COF) Cash Flow Waterfall

Trace Capital One Financial's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$29.07B

Capex

−$205.00M

Free Cash Flow

$28.87B

FCF Margin

+99.3%

Cash flow waterfall for Capital One Financial (COF) — TTM through Q1 2026

Free cash flow: $28.87B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Capital One Financial (COF) — TTM through Q1 2026

  • Operating Cash Flow$29.07B
  • Capital Expenditure−$205.00M
  • Free Cash Flow$28.87B
  • Acquisitions$16.46B
  • Other Investing−$17.52B
  • Share Buybacks−$2.42B
  • Net Debt Change$5.37B
  • Other Financing & FX−$471.00M
  • Net Cash Increase$30.29B
Want to see what drove the FCF change?Free Cash Flow Bridge

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