Risk Sleuth
COF · 10-K filed 19 Feb 2026 · year to 31 Dec 2025

Capital One

36 named things its latest annual report says its results depend on, each in the company's own words. 24 of them are also named by other companies we've read.

Suppliers

Amazon Web Services (AWS)

depends onnamed as a risk
Other than the ongoing integration of Discover, we have substantially migrated primarily all aspects of our core information technology infrastructure and systems and customer-facing applications to third-party cloud infrastructure platforms, principally AWS.Risk factors (Item 1A)

Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COMP and 56 more

Fidelity Information Services (FIS)

depends onnamed as a risk
For example, in January 2025, we experienced a multi-day system outage due to a technical issue experienced by FIS, a third-party service provider, which temporarily impacted certain services for some of our customers.Risk factors (Item 1A)

Total System Services LLC (TSYS)

depends on
These relationships include, but are not limited to: Amazon Web Services, Inc. (“AWS”) for our cloud infrastructure, Total System Services LLC (“TSYS”) for consumer and commercial credit card processing services for our North American and U.K. portfolios and Fidelity Information Services (“FIS”) for certain of our banking systems.Business (Item 1)

Partners and platforms

Discover Network

earns fromnamed as a risk
A reduction in the number of large merchants that accept cards on our recently acquired Discover Network or PULSE Network or in the rates they pay could materially adversely affect our business, financial condition, results of operations and cash flows.Risk factors (Item 1A)

PULSE Network

earns fromnamed as a risk
Competitor actions related to the structure of merchant and acquirer fees and merchant and acquirer transaction routing strategies may adversely affect our recently acquired PULSE Network’s business practices, network transaction volume, revenue and prospects for future growth and entry into new product markets.Risk factors (Item 1A)

Diners Club International

earns fromnamed as a risk
Portions of our business concentrated primarily on serving the global travel industry, including the Diners Club network, could be disproportionately affected by events that are global in nature, including events that impact international conditions, travel restrictions or perceptions about the safety of travel, all of which may result in an indefinite decline in consumer or business travel activity.Risk factors (Item 1A)

Co-brand and private label credit card partners

depends onnamed as a risk
We depend on our partners to effectively promote our co-brand and private label credit card products and integrate the use of our credit cards into their retail operations.Risk factors (Item 1A)

Other companies

Discover Financial Services

$51.8 billionnamed as a risk
As of the Closing Date, the fair value of purchase consideration transferred was $51.8 billion.Business (Item 1)

Brex Inc.

$5.15 billion
Pursuant to the terms and subject to the conditions set forth in the Brex Merger Agreement, the Company will acquire the outstanding equity of Brex for $5.15 billion in aggregate consideration, subject to certain adjustments described in the Brex Merger Agreement, consisting of approximately $2.58 billion in cash and approximately 10.6 million shares of common stock of Capital One.Business (Item 1)

Competitors

Mastercard

competes withnamed as a risk
We cannot be certain that we will be able to continue to increase international merchant acceptance, as well as the perception of merchant acceptance of the Global Payment Network, and we cannot be certain that we will achieve global market parity with Visa or Mastercard.Risk factors (Item 1A)

Also named by AXP, CASH, CPAY, DDS, EEFT, FIS, FISV, GPN and 7 more

Visa

competes withnamed as a risk
In addition, increased competition with certain network operators, such as Visa and Mastercard, could affect our existing partnerships and business relationships with these networks, which have historically played a significant role in facilitating our card-issuing and transaction processing services.Risk factors (Item 1A)

Also named by AFRM, AXP, CASH, EEFT, FIS, FISV, GPN, JKHY and 6 more

American Express

competes withnamed as a risk
Moreover, American Express is also a strong competitor with international merchant acceptance, competitive transaction fees and an upscale brand image.Risk factors (Item 1A)

Also named by CPAY, DAL, GPGI, HLT, MA, MAR, V

Places

Northeast United States

concentrated in · approximately 36% of our commercial real estate loan portfolionamed as a risk
Although our consumer lending is geographically diversified, approximately 36% of our commercial real estate loan portfolio is concentrated in the Northeast region.Risk factors (Item 1A)

Also named by ELS, MUSA, NEE, TRV

United Kingdom

operates innamed as a risk
For example, in the U.K., interchange fees are capped for both consumer credit and debit card transactions.Risk factors (Item 1A)

Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more

Canada

operates innamed as a risk
In addition, in Canada, Visa and Mastercard payment networks have entered into voluntary agreements with the Department of Finance Canada to maintain an agreed-upon average interchange rate.Risk factors (Item 1A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

California

concentrated innamed as a risk
In addition, if a natural disaster or other catastrophic event occurs in certain regions where our business, customers or assets securing our loans are concentrated, such as the mid-Atlantic, New York, California or Texas metropolitan areas, or in regions where our third-party platforms are located, we could be disproportionately impacted as compared to our competitors.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more

Philippines

operates innamed as a risk
Our ability to conduct business may be adversely affected by a disruption in the infrastructure that supports our business and the communities where we are located, which are concentrated in the Northern Virginia, New York and Chicago metropolitan areas, Richmond, Virginia, Plano, Texas and the Philippines.Risk factors (Item 1A)

Also named by ACN, ADI, AEHR, FDS, HRL, INTU, LITE, MCHP and 5 more

Northern Virginia

concentrated innamed as a risk
Our ability to conduct business may be adversely affected by a disruption in the infrastructure that supports our business and the communities where we are located, which are concentrated in the Northern Virginia, New York and Chicago metropolitan areas, Richmond, Virginia, Plano, Texas and the Philippines.Risk factors (Item 1A)

Also named by DLR, MSTR

Hazards

2019 Cybersecurity Incident

named as a risk
While the 2019 Cybersecurity Incident has been remediated, it resulted in fines, litigation, consent orders, settlements, government investigations and other regulatory enforcement inquiries.Risk factors (Item 1A)

Commodities and inputs

Used car prices

exposed to its pricenamed as a risk
Decreases in real estate and other asset values adversely affect the collateral value for our commercial lending activities, while the auto business is similarly exposed to collateral risks arising from the auction markets that determine used car prices.Risk factors (Item 1A)

Also named by CPRT

Regulators

Federal Deposit Insurance Corporation (FDIC)

subject to · 3.36 basis points
On December 16, 2025, the FDIC issued an interim final rule providing that the FDIC will collect the special assessment over an initial seven quarters of the collection period, which began in the second quarter of 2024, at a quarterly rate of 3.36 basis points and reduce the rate at which the special assessment will be collected in the eighth collection quarter, which will have an invoice payment date of March 30, 2026, to 2.97 basis points.Business (Item 1)

Also named by AFRM, BAC, BNY, CASH, CFG, CFR, FCFS, FCNCA and 27 more

Federal Reserve

subject to · 4.5%
Consequently, absent further action from the Federal Reserve, the Company’s stress capital buffer requirement will remain at 4.5% until September 30, 2027.Business (Item 1)

Also named by AGNC, AUB, AXP, BAC, CASH, DX, EFSC, EWBC and 24 more

Office of the Comptroller of the Currency (OCC)

subject tonamed as a risk
In the report, the OCC states that its review is ongoing and, once its supervisory review has concluded, it intends to hold the banks reviewed accountable for any unlawful debanking activities, including by making referrals to the Attorney General.Risk factors (Item 1A)

Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, CFG and 22 more

Consumer Financial Protection Bureau (CFPB)

subject to
The Bank is subject to comprehensive regulation and periodic examination by the Office of the Comptroller of the Currency (“OCC”), the FDIC and the Consumer Financial Protection Bureau (“CFPB”).Business (Item 1)

Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more

Commodity Futures Trading Commission (CFTC)

subject to
The Bank is registered with the Commodity Futures Trading Commission (“CFTC”) as a swap dealer.Business (Item 1)

Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more

Financial Conduct Authority (FCA)

subject to
In the U.K., the Bank operates through COEP, an authorized payment institution regulated by the Financial Conduct Authority (“FCA”).Business (Item 1)

Also named by AFRM, AJG, AMG, AMP, BGC, BRO, CBOE, CPAY and 17 more

Office of the Superintendent of Financial Institutions (OSFI)

subject to
The primary regulators of Capital One Canada are the Office of the Superintendent of Financial Institutions (“OSFI”) and the Financial Consumer Agency of Canada (“FCAC”).Business (Item 1)

Also named by PRI, SHOP

Virginia Bureau of Financial Institutions

subject to
We also are registered as a financial institution holding company under the laws of the Commonwealth of Virginia and, as such, we are subject to periodic examination by the Virginia Bureau of Financial Institutions.Business (Item 1)

Also named by UBSI

Laws and programs

Long-Term Debt and Clean Holding Company Proposal

subject to · 6% of total risk-weighted assetsnamed as a risk
If adopted as proposed, the LTD Proposal would require the Company and the Bank to each maintain a minimum outstanding eligible long-term debt amount of no less than the greatest of (i) 6% of total risk-weighted assets, (ii) 2.5% of total leverage exposure and (iii) 3.5% of average total consolidated assets.Business (Item 1)

Also named by NTRS, TFC

Category II institution threshold

subject to · $700 billion or more in total consolidated assetsnamed as a risk
If the Company were to have $700 billion or more in total consolidated assets or $75 billion or more in cross-jurisdictional activity, each as measured based on the average for the four most recent calendar quarters, the Company and the Bank would become subject to more stringent capital and liquidity regulations as a Category II institution and Category II bank, respectively.Risk factors (Item 1A)

Community Benefits Plan

$265 billionnamed as a risk
For example, as part of our acquisition of Discover, we have committed to a $265 billion Community Benefits Plan (“CBP”) over five years.Risk factors (Item 1A)

GENIUS Act

subject tonamed as a risk
For example, the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act) provides a legal framework for stablecoins to be issued in the United States, which may allow new and existing competitors to compete for funds that may have otherwise been deposited with banks, such as the Bank.Risk factors (Item 1A)

Also named by AUB, C, CFR, COIN, CUBI, EWBC, FCNCA, FISV and 15 more

Federal Reserve Regulation II

subject tonamed as a risk
For example, if a change in law or regulation results in debit card transactions on three-party networks, such as debit cards issued by the Bank on the Global Payment Network being subject to the Regulation II cap on interchange fees, it could result in the Company not recognizing a significant majority of the network revenue synergies that the Company anticipated to be realized in connection with the Transaction.Risk factors (Item 1A)

Also named by FISV, PNC, V

Executive Order 14331

subject tonamed as a risk
In December 2025, the OCC issued a report of preliminary findings of its ongoing supervisory review, in accordance with Executive Order 14331 “Guaranteeing Fair Banking for All Americans,” of the nine largest OCC-regulated banks, including the Bank, to determine whether those banks may have debanked or discriminated against customers or potential customers on the basis of their political or religious beliefs or lawful business activities.Risk factors (Item 1A)

Also named by CUBI, UBSI, USB

Basel III Finalization Proposal

subject tonamed as a risk
For example, changes to applicable capital, liquidity or other regulations, such as the Basel III Finalization Proposal, could result in increased regulatory capital requirements, operating expenses or cost of funding, which could negatively affect our financial results or our ability to distribute capital.Risk factors (Item 1A)

Truth in Lending Act (Regulation Z)

subject to
TILA, as amended, and together with its implementing rule, Regulation Z, imposes a number of restrictions on credit card practices impacting rates and fees, requires that a consumer’s ability to pay be taken into account before issuing credit or increasing credit limits, and imposes revised disclosures required for open-end credit.Business (Item 1)

Also named by AN, EZPW, NLY