Capital One Financial (COF) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding period, but rose relative to the same quarter one year earlier. The sequential decrease follows three consecutive quarters of higher revenue.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding period, but rose relative to the same quarter one year earlier. The sequential decrease follows three consecutive quarters of higher revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.4B | +13.4% |
| Sep 30, 2022 | $1.4B | +13.1% |
| Dec 31, 2022 | $1.4B | +5.8% |
| Mar 31, 2023 | $1.3B | +3.6% |
Revenue performance
The reported revenue moved lower from the prior quarter, marking a reversal from the stable levels seen in the three preceding quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. In contrast, revenue was higher than in the same quarter one year earlier, reflecting a year-over-year increase.
What to watch
Monitor whether the sequential decline continues or stabilizes in the coming quarters.