Capital One Financial (COF) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The sequential decrease was smaller than the year-over-year decline.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The sequential decrease was smaller than the year-over-year decline.
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
-1.4%
Change from the immediately preceding quarter.
Year-over-year
-1.9%
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 |
|---|---|---|
| Dec 31, 2023 | $1.5B | +8.4% |
| Mar 31, 2024 | $1.4B | +8.8% |
| Jun 30, 2024 | $1.5B | +3.7% |
| Sep 30, 2024 | $1.4B | -1.9% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter, continuing a pattern of mixed quarterly changes over the past year.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was lower, and the year-over-year decline was more pronounced than the sequential drop. The trailing twelve-month revenue remained above the current quarter's level.
What to watch
The filing context does not provide specific causes for the revenue change; monitor future filings for any operational or market factors that may affect revenue trends.