Capital One Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,453	4,750	4,887	7,360	12,390
Depreciation & Amortization	5,260	3,237	3,226	3,210	3,481
Provision for Credit Losses	20,655	11,716	10,426	5,847	-1,944
Stock-Based Compensation	776	569	513	314	331
Net Change in Loans Held-for-Sale	-510	182	-170	857	-18
Other Adjustments	-2,276	-724	-632	-919	650
Changes in Accrued Interest and Accounts Receivable	-34	-54	-359	-641	17
Changes in Accounts Payable	-169	17	122	246	-71
Changes in Other Operating Activities	1,563	-1,534	2,562	-2,465	-2,526
Operating Cash Flow	27,718	18,159	20,575	13,809	12,310
Operating Cash Flow Growth	52.64%	-11.74%	49.00%	12.18%	-26.28%
Net Change in Loans Held-for-Investment	-31,751	-18,430	-15,534	-33,794	-31,327
Net Change in Securities and Investments	9,440	-5,159	-1,315	6,794	1,861
Payments for Business Acquisitions	16,465	0	-2,785	-1,176	-669
Proceeds from Business Divestments	8,800	0	0	-	-
Capital Expenditures	-1,578	-1,204	-961	-934	-698
Other Investing Activities	-1,820	-1,617	-1,325	-628	-668
Investing Cash Flow	-444	-26,410	-21,920	-29,738	-31,501
Net Change in Deposits	5,931	14,156	15,172	22,539	5,687
Long-Term Debt Issued	6,784	7,520	11,510	31,000	10,718
Long-Term Debt Repaid	-16,762	-6,894	-15,358	-22,621	-7,293
Net Long-Term Debt Issued (Repaid)	-9,978	626	-3,848	8,379	3,425
Issuance of Common Stock	409	327	309	295	308
Repurchase of Common Stock	-	-	-	-	-7,605
Net Common Stock Issued (Repurchased)	409	327	309	295	-7,297
Issuance of Preferred Stock	0	0	0	-	2,052
Repurchase of Preferred Stock	-4,599	-734	-718	-4,948	-2,100
Net Preferred Stock Issued (Repurchased)	-4,599	-734	-718	-4,948	-48
Common Dividends Paid	-1,516	-932	-931	-950	-1,148
Preferred Share Dividends Paid	-252	-228	-228	-228	-274
Other Financing Activities	517	27	-351	44	129
Financing Cash Flow	-8,852	8,167	13,844	25,131	474
Net Cash Flow	-84	18,422	12,499	9,202	-18,717
Free Cash Flow	26,140	16,955	19,614	12,875	11,612
Free Cash Flow Growth	54.17%	-13.56%	52.34%	10.88%	-27.38%
FCF Margin	21.31%	18.22%	22.74%	17.73%	18.59%
Free Cash Flow Per Share	48.29	44.20	51.16	32.74	26.14

Updated Dec 31, 2025. Data Source: Fiscal.ai. financials template. Financial Sources.