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Operating Margin for Capital One Financial (COF)

As of · Reported

Metric

TTM

4.3%

YoY change

−7.66pp

Trough year (2008)

3.3%

Peak year (2021)

49.4%

Operating Margin history chart for Capital One Financial (COF) from 1994 to 2025

Latest: 3.3%

Operating Margin change chart for Capital One Financial (COF) from 1994 to 2025

Latest: −7.66pp

Operating Margin history table for Capital One Financial (COF) from 1994 to 2025

  • 20253.3%-7.66pp
  • 202411.0%-1.26pp
  • 202312.2%-11.86pp
  • 202224.1%-25.27pp
  • 202149.4%+39.23pp
  • 202010.1%-10.24pp
  • 201920.4%-2.60pp
  • 201823.0%+4.65pp
  • 201718.3%-1.62pp
  • 201619.9%-3.56pp
  • 201523.5%-4.03pp
  • 201427.5%+0.31pp
  • 201327.2%+4.84pp
  • 201222.4%-2.39pp
  • 201124.8%+2.05pp
  • 201022.7%+14.33pp
  • 20098.4%+5.11pp
  • 20083.3%-17.07pp
  • 200720.3%-3.88pp
  • 200624.2%+0.81pp
  • 200523.4%+1.28pp
  • 200422.1%+3.46pp
  • 200318.7%+3.63pp
  • 200215.0%+1.02pp
  • 200114.0%+0.30pp
  • 200013.7%-0.82pp
  • 199914.5%-2.52pp
  • 199817.1%-0.02pp
  • 199717.1%-0.36pp
  • 199617.5%-2.11pp
  • 199519.6%-2.83pp
  • 199422.4%—

Operating Margin values are taken from Capital One Financial's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Capital One Financial (COF)

According to Capital One Financial's latest reported financial statements, the company's latest reported operating margin is 4.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Capital One Financial (COF) operating margin totalled 3.29% – contracted 7.7 percentage points year-over-year.

49.35% stands as the all-time-high annual operating margin, posted in 2021, against a low of 3.27% during 2008.

Capital One Financial Operating Margin by Year

Capital One Financial Operating Margin 2025: 3.3%

Capital One Financial posted operating margin of 3.29% in 2025, contracted 7.7 percentage points from 2024.

Capital One Financial Operating Margin 2024: 11.0%

In 2024, Capital One Financial reported operating margin of 10.96%, contracted 1.3 percentage points from 2023.

Capital One Financial Operating Margin 2023: 12.2%

Capital One Financial operating margin in 2023 was 12.22%, contracted 11.9 percentage points from 2022.

Capital One Financial Operating Margin 2022: 24.1%

2022's operating margin for Capital One Financial came in at 24.08%, contracted 25.3 percentage points from 2021.

Capital One Financial Operating Margin 2021: 49.4%

Capital One Financial operating margin in 2021 was 49.35%.

See more financial history for Capital One Financial (COF).

Sector peers by Operating Margin

Financial Services peers of Capital One Financial (COF), ranked by their latest operating margin

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