Capital One Financial Corporation · NYSE:COF
Capital One Financial — Shareholder Meeting (May 2026)
38 slides from Capital One Financial's shareholder meeting presentation, May 2026
Slide 1: 2026 Annual Stockholder Meeting
2026 Annual Stockholder Meeting
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and related communications should be read in conjunction with the financial statements, notes, and other information contained in Capital One’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. It speaks only as
Slide 3: In May 2025 we closed the Discover acquisition
In May 2025 we closed the Discover acquisition 2026 Annual Stockholder Meeting
Slide 4: Our 2025 earnings included the costs of the Discover acquisition
Our 2025 earnings included the costs of the Discover acquisition Capital One Diluted Earnings per Common Share Source: Company Reports 2026 Annual Stockholder Meeting
Slide 5: Our adjusted results show the strong underlying earnings power
Our adjusted results show the strong underlying earnings power Capital One Adjusted Diluted Earnings per Common Share Note: This is a non-GAAP measure; see Appendix slides for the reconciliation of non-GAAP measures to our reported results; this non-GAAP measure consists of our adjusted results that
Slide 6: Discover has enhanced our scale in credit cards
Discover has enhanced our scale in credit cards Credit Card Purchase Volume Credit Card Loans B 2025 B 2025 Note: For credit card purchase volume: Chase is sales volume excluding commercial card; Amex is billed business for U.S. consumer services and U.S. commercial services; Capital One is domestic
Slide 7: The network is a rare and valuable asset
The network is a rare and valuable asset Source: Specialty Sign Store 2026 Annual Stockholder Meeting
Slide 8: On January 22, we announced the acquisition of Brex
On January 22, we announced the acquisition of Brex $4.5B Source: SNL 2026 Annual Stockholder Meeting
Slide 9: We are building leading payments businesses from small consumers to large corporations
We are building leading payments businesses from small consumers to large corporations Consumer Debit Consumer Credit Small Business Treasury Corporate Cards Cards Cards Credit Cards Management Brex offers corporate cards 2026 Annual Stockholder Meeting
Slide 10: The auto finance industry is very competitive
The auto finance industry is very competitive Auto Lending Industry Outstandings B Leading Auto Lenders (excl. auto manufacturers) $77 Ally $57 Chase $51 Wells Fargo $43 Santander $40 Bank of America Source: Company Reports, J.D. Power 2026 Annual Stockholder Meeting
Slide 11: Capital One has risen to the top
Capital One has risen to the top Auto Lending Industry Outstandings B Leading Auto Lenders (excl. auto manufacturers) $84 Capital One $77 Ally $57 Chase $51 Wells Fargo $43 Santander $40 Bank of America Source: Company Reports, J.D. Power 2026 Annual Stockholder Meeting
Slide 12: We are building the retail bank of the future
We are building the retail bank of the future Rittenhouse, Philadelphia Southport, Chicago Columbus Circle, New York Santa Monica, Los Angeles 2026 Annual Stockholder Meeting
Slide 13: We have a thin branch presence
We have a thin branch presence 251 Branches Note: Branch locations as of end of year 2025; branch counts include full service and select service branches and exclude high school, remote & satellite drive up locations, and commercial branches; includes Discover branch; NYC Collectives (Branch and Sho
Slide 14: We now have banking showrooms across the top markets in the US
We now have banking showrooms across the top markets in the US 251 Branches 65 Showrooms in 24 of the top 25 metro areas Note: Branch and Showroom locations as of end of year 2025; branch counts include full service and select service branches and exclude high school, remote & satellite drive up loc
Slide 15: No fees, no minimums, no overdraft fees
We offer market-leading checking accounts with a simple jingle “No fees, no minimums, no overdraft fees” 2026 Annual Stockholder Meeting
Slide 16: Our customers are feeling good
Our customers are feeling good # 1 in J.D. Power National Banking Customer Satisfaction 2020 2021 2022 2023 2024 2025 Source: J.D. Power 2026 Annual Stockholder Meeting
Slide 17: Three banks are way the biggest in retail banking
Three banks are way the biggest in retail banking Top 10 Banks by U.S. Retail Deposits 2015-2025 B B of A, $1085 JPM Chase, $761B Wells Fargo, $722B PNC, $211B USB, $205B Goldman, $203B Citi, $185B Truist, $177B AmEx, $148B Note: Data as of Q4 of each year; represents transaction and non-transaction
Slide 18: Capital One is gaining share in retail banking
Capital One is gaining share in retail banking Top 10 Banks by U.S. Retail Deposits 2015-2025 B B of A, $1085 JPM Chase, $761B Wells Fargo, $722B Capital One, $403B PNC, $211B USB, $205B Goldman, $203B Citi, $185B Truist, $177B AmEx, $148B Note: Data as of Q4 of each year; represents transaction and
Slide 19: We have been on a two-decade journey to win at the top of the market
We have been on a two-decade journey to win at the top of the market 2010 2011 2013 2018 2021 2023 2026 Annual Stockholder Meeting
Slide 20: We launched Venture X in 2021 on the back of our travel and experience offerings
We launched Venture X in 2021 on the back of our travel and experience offerings Annual fee $395 2x 10x 5x Base Earn on Hotels & Rental Air on ALL Spend Cars on Capital Capital One Travel One Travel 10K Miles $300 Access to Anniversary Annual Capital One Bonus Travel Credit Lounges and Priority Pass
Slide 21: We continue to grow our airport lounge network
We continue to grow our airport lounge network 2021 2023 2024 2025 2026 Coming 2027 Dallas- Washington Denver Washington Las Vegas New York New York Charlotte Ft. Worth Dulles National JFK LaGuardia Note: Charlotte lease signed in Q3 2025 as a direct deal, and was publicly announced in January 2026
Slide 22: Capital One Landing is now open at NY LaGuardia airport
Capital One Landing is now open at NY LaGuardia airport 2026 Annual Stockholder Meeting
Slide 23: In 2010 we declared our quest to win at the top of the market
In 2010 we declared our quest to win at the top of the market Capital One Purchase Volume Domestic Card B Venture Source: Company Reports 2026 Annual Stockholder Meeting
Slide 24: We have grown our spender franchise dramatically
We have grown our spender franchise dramatically Capital One Purchase Volume Domestic Card B Venture X for Business Venture X Savor Quicksilver Spark Venture Note: 2025 customer spend is inclusive of a partial year of Discover purchase volume Source: Company Reports 2026 Annual Stockholder Meeting
Slide 25: Our revenues continue to grow
Our revenues continue to grow Capital One Total Net Revenue B Source: Company Reports 2026 Annual Stockholder Meeting
Slide 26: We have delivered strong shareholder returns
We have delivered strong shareholder returns Capital One Stock Price Since 1994 (IPO) $192.59 $5.33 Note: Ending stock price as of May 7, 2026 Source: FactSet 2026 Annual Stockholder Meeting
Slide 27: We continue to tell our story
We continue to tell our story 2026 Annual Stockholder Meeting
Slide 28: 2026 Annual Stockholder Meeting
2026 Annual Stockholder Meeting
Slide 29: Appendix: Reconciliations of non-GAAP Diluted EPS
Appendix: Reconciliations of non-GAAP Diluted EPS 2026 Annual Stockholder Meeting
Slide 30: 2013 Reconciliation of non-GAAP Diluted EPS - presented quarterly
2013 Reconciliation of non-GAAP Diluted EPS - presented quarterly Source: Company Reports 2026 Annual Stockholder Meeting
Slide 31: 2014-2015 Reconciliation of non-GAAP Diluted EPS
2014-2015 Reconciliation of non-GAAP Diluted EPS Note: (1) In Q4 2015, we recorded charges totaling $72 million associated with (i) closing the GE Healthcare acquisition and establishing an initial allowance and reserve related to the loans acquired; (ii) certain planned site closures; and (iii) rev
Slide 32: 2016 Reconciliation of non-GAAP Diluted EPS
2016 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Slide 33: 2017 Reconciliation of non-GAAP Diluted EPS
2017 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Slide 34: 2018 Reconciliation of non-GAAP Diluted EPS
2018 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Slide 35: 2019-2020 Reconciliation of non-GAAP Diluted EPS
2019-2020 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Slide 36: 2021-2022 Reconciliation of non-GAAP Diluted EPS
2021-2022 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Slide 37: 2023-2024 Reconciliation of non-GAAP Diluted EPS
2023-2024 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Slide 38: 2025 Reconciliation of non-GAAP Diluted EPS
2025 Reconciliation of non-GAAP Diluted EPS Source: Company Reports 2026 Annual Stockholder Meeting
Capital One Financial — Shareholder Meeting (May 2026) on 6ix