Capital One Financial (COF) Revenue — Quarter Ended Mar 31, 2024
Revenue declined from the prior quarter but rose compared to the same quarter a year ago. The sequential decrease contrasts with the year-over-year increase.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined from the prior quarter but rose compared to the same quarter a year ago. The sequential decrease contrasts with the year-over-year increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-5.8%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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, 2023 | $1.4B | +0.6% |
| Sep 30, 2023 | $1.5B | +4.2% |
| Dec 31, 2023 | $1.5B | +8.4% |
| Mar 31, 2024 | $1.4B | +8.8% |
Revenue performance
For the reporting quarter, revenue was lower than the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. The trailing twelve-month revenue exceeded the current quarter's figure.
What to watch
Monitor whether the sequential decline continues or reverses in the upcoming quarter.