Capital One Financial (COF) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter was higher than the prior quarter and significantly above the same quarter last year. The sequential increase was modest, while the year-over-year gain was substantial.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter was higher than the prior quarter and significantly above the same quarter last year. The sequential increase was modest, while the year-over-year gain was substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Mar 31, 2023 | $1.3B | +3.6% |
| Jun 30, 2023 | $1.4B | +0.6% |
| Sep 30, 2023 | $1.5B | +4.2% |
| Dec 31, 2023 | $1.5B | +8.4% |
Revenue performance
Reported revenue rose compared to the immediately preceding quarter, continuing an upward trend seen throughout the fiscal year.
Quarterly comparison
Revenue increased from the prior quarter and was markedly higher than the same quarter one year earlier. The year-over-year improvement was the largest among the four quarters of the fiscal year.
What to watch
The filing context does not provide specific drivers for the revenue change; monitor future filings for underlying factors.