Capital One Financial Corp (NYSE: COF) is a bank holding company that operates credit card, consumer banking, and commercial banking businesses. It earns money primarily through net interest income on loans, including credit card receivables, auto loans, and commercial loans, as well as through non-interest income such as interchange fees and service charges. The filing identifies three reportable business segments: Credit Card, Consumer Banking, and Commercial Banking. Capital One competes against major U.S. banks and card issuers in consumer and commercial lending. The company is headquartered in McLean, Virginia. The 10-K was filed February 19, 2026, covering fiscal year ended 2025. Richard Fairbank founded Capital One and serves as its chief executive officer. The filing also references a business combinations note, indicating acquisition activity during the reported period.

Revenue model

Net interest income from credit card receivables, auto loans, and commercial loans, supplemented by non-interest income including interchange fees and service charges. The business is transactional and spread-based.

Products and services

Credit cards, auto loans, consumer deposit accounts, commercial loans, and unfunded lending commitments. The company also engages in securitization of loan assets via variable interest entities.

Customers and end markets

Consumer borrowers (credit card and auto loan customers), commercial borrowers, and retail depositors. End markets include consumer credit, vehicle financing, and commercial lending.

Value-chain role

Direct lender and card issuer. Originates, holds, and securitizes consumer and commercial loans. Also operates as a deposit-taking bank funding its loan book.

Geographic exposure

Primarily United States. The filing does not specify international revenue breakdowns in the excerpts provided.

Source: SEC 10-K, filed 2026-02-19

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