---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-019543"
form_type: "8-K"
ticker: "COF"
cik: "0000927628"
company_name: "CAPITAL ONE FINANCIAL CORP"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:12:10.396641+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Capital One acquires Brex for $5.15B in cash and stock

## Summary
- Total consideration $5.15B: ~$2.75B cash + ~10.6M shares of Capital One common stock.
- Brex is an AI-native platform for corporate cards, expense management, and real-time payments.
- Transaction expected to close mid-2026, subject to regulatory approvals and customary conditions.
- Brex CEO Pedro Franceschi will continue to lead Brex as part of Capital One.
- Acquisition accelerates Capital One's business payments marketplace strategy.

## SEC filing metadata
- accession: 0001193125-26-019543
- form_type: 8-K
- ticker: COF
- cik: 0000927628
- company_name: CAPITAL ONE FINANCIAL CORP
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927628/000119312526019543/0001193125-26-019543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927628/000119312526019543/d97758d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-019543
- JSON: https://secwatch.observer/filing/0001193125-26-019543.json
- Plain text: https://secwatch.observer/filing/0001193125-26-019543.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.