Capital One Financial Corporation reported a net loss of $4.3 billion for the second quarter of 2025, compared to a net income of $1.4 billion in the first quarter of 2025. Total net revenue for the quarter increased by 25 percent to $12.5 billion. The company experienced an 18 percent increase in total non-interest expense, reaching $7.0 billion, which included a 12 percent rise in marketing expenses and a 20 percent increase in operating expenses. Pre-provision earnings increased by 34 percent to $5.5 billion. The provision for credit losses rose significantly by $9.1 billion to $11.4 billion. Capital One completed its acquisition of Discover on May 18, 2025, and is currently focused on integration efforts.