Capital One is buying fintech company Brex for $5.15 billion in cash and stock. Brex, which focuses on corporate credit card technology and manages nearly $13 billion in deposits, will enhance Capital One's capabilities in serving corporate clients. The announcement came alongside Capital One's strong quarterly earnings report.

Capital One will acquire Brex in a $5.15 billion deal, set to close in mid-2026, integrating Brex’s platform into its operations. Brex's CFO, Erica Dorfman, described the swift move as a strategic pivot that offers new growth opportunities amid shifting market conditions.