Credit card companies make 3/4 of their revenue from interest. From Capital One'... | Hacker News

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djoldman 15 days ago | parent | context | favorite | on: How credit card rewards became a $9.2B wealth tran...

Credit card companies make 3/4 of their revenue from interest. From Capital One's 10k, Net Interest Income vs. Total Net Revenue:

  2023: 79.5%
  2024: 79.8%
  2025: 80.2%

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000927628/0...

Brendinooo 15 days ago [–]

I don't really know my way around corporate filings, but...is that just for credit cards?

Capital One also is supposedly huge on car loans; I'd imagine the interest from those would comprise a big chunk of that revenue.

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