Capital One Financial CorporationNet income per share rose to $4.73 from $3.34 in prior quarter, adjusted earnings up to $5.81, and revenues increased 4% year over year.

Capital One's acquisition of Discover is materially increasing its position in transaction processing and expanding its card business, though the ongoing integration is creating complicated financial results. In the second quarter of 2026, the bank posted net income per share of $4.73, up from $3.34 in the first quarter of 2026 and a loss of $8.58 per share in the year-ago period, while adjusted earnings came in at $5.81, up from $5.48 in the second quarter of 2025. Costs related to the Discover and Brex acquisitions totaled $1.08 per share in the second quarter of 2026, and these integration expenses are expected to continue. Capital One has transitioned its debit customers to the Discover network and is actively moving Discover's credit card customers to its own back-end systems, while also shifting Discover toward a more conservative financing approach. Revenues increased 4% year over year and credit quality metrics improved across the board, indicating the tie-up is moving the company in a positive direction.
Capital One Financial CorporationNet income per share rose to $4.73 from $3.34 in prior quarter, adjusted earnings up to $5.81, and revenues increased 4% year over year.