Exhibit 99.2
CARD SERIES SCHEDULE TO
MONTHLY NOTEHOLDERS' STATEMENT

Date: August 12, 2025


CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1
Monthly Period Ending: July 31, 2025

Reference is made to the Amended and Restated Series 2002-CC Supplement, dated as of October 9, 2002, as amended and restated as of March 17, 2016, and as further amended by the First Amendment thereto dated as of October 1, 2022 (as so amended, the “Series 2002-CC Supplement”), among Capital One Funding, LLC, a Virginia limited liability company (“Funding”), as Transferor, Capital One, National Association, a national banking association, as Servicer, and The Bank of New York Mellon, as Trustee, and the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016, and as further amended by the First Amendment thereto dated as of October 1, 2022 (as so amended, the “Indenture”), between Capital One Multi-asset Execution Trust, as Issuer, and The Bank of New York Mellon, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of August 14, 2025 and with respect to the performance of the Trust during the related Monthly Period from July 1, 2025 through July 31, 2025.

The Current Distribution Date is August 15, 2025.

Interest Period for all tranches generally includes the previous Distribution Date (or in the case of the initial Interest Payment Date, the Issuance Date) through the day preceding the current Distribution Date.

Interest on floating rate tranches is calculated on the basis of a 360-day year and the actual number of days in the related Interest Period. Interest on fixed rate tranches is calculated on the basis of a 360-day year and twelve 30-day months.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange
Commission (“SEC”).

Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007, and March 17, 2016.Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 17, 2016.
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as January 27, 2017.Included in Exhibit 4.1 to Funding’s Form 8-K filed with the SEC on January 27, 2017.
Second Amendment to Amended and Restated Pooling and Servicing Agreement dated as October 1, 2022.Included in Exhibit 4.1.3 to Funding’s Form 8-K filed with the SEC on October 3, 2022.
Third Amendment to Amended and Restated Pooling and Servicing Agreement dated as of March 17, 2023.Included in Exhibit 4.1 to Funding's Form 10-D filed with the SEC on April 17, 2023.
Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on March 17, 2016.
First Amendment to Amended and Restated Series 2002-CC Supplement dated as of October 1, 2022.Included in Exhibit 4.1.4 to Funding’s Form 8-K filed with the SEC on October 3, 2022.
Transfer and Administration Agreement dated as of October 9, 2002.Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.Included in Exhibit 4.10 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Second Amendment to Transfer and Administration Agreement dated as of October 1, 2022.Included in Exhibit 4.1.7 to Funding’s Form 8-K filed with the SEC on October 3, 2022.
Capital One Multi-asset Execution Trust Amended and Restated Trust Agreement dated as of October 9, 2002.Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016.Included in Exhibit 4.4 to Funding’s Form 8-K filed with the SEC on March 17, 2016.
First Amendment to Indenture dated as of October 1, 2022.Included in Exhibit 4.1.5 to Funding’s Form 8-K filed with the SEC on October 3, 2022.
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COMT Asset Pool 1 Supplement dated as of October 9, 2002.Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to COMT Asset Pool 1 Supplement dated as of March 1, 2008.Included in Exhibit 4.8 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Second Amendment to COMT Asset Pool 1 Supplement dated as of October 1, 2022.Included in Exhibit 4.1.6 to Funding’s Form 8-K filed with the SEC on October 3, 2022.
Card Series Indenture Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016.Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on March 17, 2016.






















































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A. Interest to be paid on the corresponding Distribution Date:
CUSIP NumberInterest Payment
Date		Total Amount of
Interest to be paid		Per $1000 of
Outstanding Dollar
Principal Amount
CLASS A (2019-3)14041NFV88/15/2025$2,489,166.67 1.7166666690 
CLASS A (2021-2)14041NFX48/15/2025$1,621,666.67 1.1583333357 
CLASS A (2022-3)14041NGB18/15/2025$6,187,500.00 4.1250000000 
CLASS A (2023-1)14041NGD78/15/2025$4,420,000.00 3.6833333333 
CLASS A (2024-1)14041NGE58/15/2025$3,266,666.67 3.2666666700 
Total Class A$17,985,000.01 
CLASS B (2009-C)8/15/2025$3,198,436.28 4.2363394437 
Total Class B$3,198,436.28 
CLASS C (2009-A)8/15/2025$3,438,987.67 4.5549505563 
Total Class C$3,438,987.67 
Total$24,622,423.96 















































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B. Principal to be paid on the Distribution Date:
CUSIP NumberPrincipal Payment DateTotal Amount of Principal to be paidPer $1000 of Outstanding Dollar Principal Amount
NOTHING TO REPORT









































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C. Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:
(as of the end of the related Monthly Period)
Initial Dollar Principal AmountOutstanding Dollar Principal AmountAdjusted Outstanding Dollar Principal AmountNominal Liquidation Amount
CLASS A (2019-3)$1,450,000,000.00 $1,450,000,000.00 $1,450,000,000.00 $1,450,000,000.00 
CLASS A (2021-2)$1,400,000,000.00 $1,400,000,000.00 $1,400,000,000.00 $1,400,000,000.00 
CLASS A (2022-3)$1,500,000,000.00 $1,500,000,000.00 $1,500,000,000.00 $1,500,000,000.00 
CLASS A (2023-1)$1,200,000,000.00 $1,200,000,000.00 $1,200,000,000.00 $1,200,000,000.00 
CLASS A (2024-1)$1,000,000,000.00 $1,000,000,000.00 $1,000,000,000.00 $1,000,000,000.00 
Total Class A$6,550,000,000.00 $6,550,000,000.00 $6,550,000,000.00 $6,550,000,000.00 
CLASS B (2009-C)$755,000,000.00 $755,000,000.00 $755,000,000.00 $755,000,000.00 
Total Class B$755,000,000.00 $755,000,000.00 $755,000,000.00 $755,000,000.00 
CLASS C (2009-A)$755,000,000.00 $755,000,000.00 $755,000,000.00 $755,000,000.00 
Total Class C$755,000,000.00 $755,000,000.00 $755,000,000.00 $755,000,000.00 
CLASS D (2002-1)$— $249,280,040.69 $249,280,040.69 $249,280,040.69 
Total Class D$— $249,280,040.69 $249,280,040.69 $249,280,040.69 
Total$8,060,000,000.00 $8,309,280,040.69 $8,309,280,040.69 $8,309,280,040.69 



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D. Nominal Liquidation Amount for Tranches of Notes Outstanding:
(including all tranches issued as of the end of the Monthly Period, after taking into account all allocations expected to occur on the Distribution Date)
End of Month Nominal Liquidation AmountIncrease due to accretions of Principal for Discount NotesWithdrawal from Principal Funding sub-accountReimbursements of Nominal Liquidation Amount from Available FundsReductions due to reallocation of Card Series Principal AmountsReduction due to Investor Charge-offsReductions due to deposits into the Principal Funding sub-AccountNominal Liquidation Amount as of the Distribution Date*
CLASS A (2019-3)$1,450,000,000.00 $— $— $— $— $— $— $1,450,000,000.00 
CLASS A (2021-2)$1,400,000,000.00 $— $— $— $— $— $— $1,400,000,000.00 
CLASS A (2022-3)$1,500,000,000.00 $— $— $— $— $— $— $1,500,000,000.00 
CLASS A (2023-1)$1,200,000,000.00 $— $— $— $— $— $— $1,200,000,000.00 
CLASS A (2024-1)$1,000,000,000.00 $— $— $— $— $— $— $1,000,000,000.00 
Total Class A$6,550,000,000.00 $— $— $— $— $— $— $6,550,000,000.00 
CLASS B (2009-C)$755,000,000.00 $— $— $— $— $— $— $755,000,000.00 
Total Class B$755,000,000.00 $— $— $— $— $— $— $755,000,000.00 
CLASS C (2009-A)$755,000,000.00 $— $— $— $— $— $— $755,000,000.00 
Total Class C$755,000,000.00 $— $— $— $— $— $— $755,000,000.00 
CLASS D (2002-1)$249,280,040.69 $— $— $— $— $— $— $249,280,040.69 
Total Class D$249,280,040.69 $— $— $— $— $— $— $249,280,040.69 
Total$8,309,280,040.69 $— $— $— $— $— $— $8,309,280,040.69 
* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period.























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E. Targeted Deposits to Principal Funding sub-Accounts:
Beginning
Principal Funding
sub-Account
Balance		Targeted Deposit
to Principal
Funding
sub-Account		Previous shortfalls
of targeted
deposits to the
Principal Funding
Sub-Account		Actual Deposit to
Principal Funding
sub-Account		Amounts withdrawn
from the Principal
Funding sub-Account
for payment to
Noteholders		Ending
Principal Funding
sub-Account
Balance		Principal Funding
sub-Account
Earnings
NOTHING TO REPORT




































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F. Targeted Deposits to Interest Funding sub-Accounts:
Applicable Interest RatesBeginning Interest Funding sub-Account BalanceTargeted Deposit to Interest Funding sub-AccountPrevious Shortfalls of targeted deposits to the Interest Funding
sub-Account		Actual Deposit to Interest Funding sub-AccountAmounts withdrawn from the Interest Funding sub-Account for payment to NoteholdersEnding Interest Funding sub-Account BalanceInterest Funding sub-Account Earnings
CLASS A (2019-3)2.060 %$— $2,489,166.67 $— $2,489,166.67 $2,489,166.67 $— $— 
CLASS A (2021-2)1.390 %$— $1,621,666.67 $— $1,621,666.67 $1,621,666.67 $— $— 
CLASS A (2022-3)4.950 %$— $6,187,500.00 $— $6,187,500.00 $6,187,500.00 $— $— 
CLASS A (2023-1)4.420 %$— $4,420,000.00 $— $4,420,000.00 $4,420,000.00 $— $— 
CLASS A (2024-1)3.920 %$— $3,266,666.67 $— $3,266,666.67 $3,266,666.67 $— $— 
Total Class A$— $17,985,000.01 $— $17,985,000.01 $17,985,000.01 $— $— 
CLASS B (2009-C)4.920 %$— $3,198,436.28 $— $3,198,436.28 $3,198,436.28 $— $— 
Total Class B$— $3,198,436.28 $— $3,198,436.28 $3,198,436.28 $— $— 
CLASS C (2009-A)5.290 %$— $3,438,987.67 $— $3,438,987.67 $3,438,987.67 $— $— 
Total Class C$— $3,438,987.67 $— $3,438,987.67 $3,438,987.67 $— $— 
Total$— $24,622,423.96 $— $24,622,423.96 $24,622,423.96 $— $— 





















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G. Class C Reserve sub-Accounts:
Beginning Class C Reserve sub-Account BalanceTargeted Deposit to Class C Reserve sub-AccountActual Deposit to Class C Reserve sub-AccountWithdrawals from Class C Reserve sub-Account BalanceEnding Class C Reserve sub-Account BalanceClass C Reserve sub-Account Earnings
NOTHING TO REPORT

H. Targeted Deposits to Class D Reserve sub-Accounts:
(Beginning Class D Reserve sub-account Balance includes Class D Reserve sub-Account Earnings and deposits related to any new issuances)
Beginning Class D Reserve sub-Account BalanceTargeted Deposit to Class D Reserve sub-AccountActual Deposit to Class D Reserve sub-AccountWithdrawals from Class D Reserve sub-Account BalanceEnding Class D Reserve sub-Account BalanceClass D Reserve sub-Account Earnings
NOTHING TO REPORT

I. Targeted Deposits to Accumulation Reserve sub-Accounts:
Beginning Accumulation Reserve sub-Account BalanceTargeted Deposit to Accumulation Reserve sub-AccountActual Deposit to Accumulation Reserve sub-AccountWithdrawals from Accumulation Reserve Account for InterestWithdrawals from Accumulation Reserve Account for Payments to IssuerEnding Accumulation Reserve Balance
 sub-Account 		Accumulation Reserve sub-Account Earnings
NOTHING TO REPORT
















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J. Class A Usage of Class B, C and D Subordination Amounts:
Class A Usage of Class B Subordination Amount for this Monthly PeriodClass A Usage of Class C Subordination Amount for this Monthly PeriodClass A Usage of Class D Subordination Amount for this Monthly PeriodCumulative Class A Usage of Class B Subordination AmountCumulative Class A Usage of Class C Subordination AmountCumulative Class A Usage of Class D Subordination Amount
NOTHING TO REPORT

K. Class B Usage of Class C and D Subordination Amounts:
Class B Usage of Class C Subordination Amount for this Monthly PeriodClass B Usage of Class D Subordination Amount for this Monthly PeriodCumulative Class B Usage of Class C Subordination AmountCumulative Class B Usage of Class D Subordination Amount
NOTHING TO REPORT

L. Class C Usage of Class D Subordination Amounts:
Class C Usage of Class D Subordination Amount for this Monthly PeriodCumulative Class C Usage of Class D Subordination Amount
NOTHING TO REPORT





















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M. Required and Available Subordination Amount to Class A, B and C Notes:
(as of Determination Date, after taking into account all maturities expected to occur on the Distribution Date)
Required Subordination Amount from Class B NotesAvailable Subordination Amount from Class B NotesRequired Subordination Amount from Class C NotesAvailable Subordination Amount from Class C NotesRequired Subordination Amount from Class D NotesAvailable Subordination Amount from Class D Notes
CLASS A (2019-3)$165,191,250.00 $165,191,250.00 $165,191,250.00 $165,191,250.00 $55,063,750.00 $55,063,750.00 
CLASS A (2021-2)$159,495,000.00 $159,495,000.00 $159,495,000.00 $159,495,000.00 $53,165,000.00 $53,165,000.00 
CLASS A (2022-3)$170,887,500.00 $170,887,500.00 $170,887,500.00 $170,887,500.00 $56,962,500.00 $56,962,500.00 
CLASS A (2023-1)$136,710,000.00 $136,710,000.00 $136,710,000.00 $136,710,000.00 $45,570,000.00 $45,570,000.00 
CLASS A (2024-1)$113,925,000.00 $113,925,000.00 $113,925,000.00 $113,925,000.00 $37,975,000.00 $37,975,000.00 
Total Class A$746,208,750.00 $746,208,750.00 $746,208,750.00 $746,208,750.00 $248,736,250.00 $248,736,250.00 
CLASS B (2009-C)$747,107,857.51 $747,107,857.51 $249,035,952.50 $249,035,952.50 
Total Class B$747,107,857.51 $747,107,857.51 $249,035,952.50 $249,035,952.50 
CLASS C (2009-A)$249,280,040.69 $249,280,040.69 
Total Class C$249,280,040.69 $249,280,040.69 
                                        



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N. Early Redemption Event
Current Month Excess Spread Amount$129,982,325.77 
Prior Month Excess Spread Amount$127,628,460.77 
Two Months Prior Excess Spread Amount$129,541,894.24 
Three Month Average Excess Spread Amount$129,050,893.59 
Is the average of the Excess Spread Amount for preceding three months greater than $0?YES

O. Repurchase Demand Activity (Rule 15Ga-1)

Nothing to Report
Most Recent Form ABS - 15G
Filed by: Capital One Funding, LLC
CIK#: 0001162387
Date: February 7, 2025

















































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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of August 2025.
CAPITAL ONE, National Association as Administrator
By:/s/ Jeremy Potts
Name:Jeremy Potts
Title:Authorized Officer

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