Discover Financial Services (DFS) Income Statement Analysis

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Complete financial analysis of Discover Financial Services (DFS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Discover Financial Services, a leading company in the Financial – Credit Services industry within the Financial Services sector.

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Discover Financial Services (DFS)

Industry: Financial - Credit Services

Sector: Financial Services

Website: https://www.discover.com

About Discover Financial Services

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts. The Payment Services segment operates the PULSE, an automated teller machine, debit, and electronic funds transfer network; and Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services, as well as offers payment transaction processing and settlement services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	9.84B	13.34B	12.09B	11.09B	11.46B	10.71B	9.90B	9.10B	8.74B	8.48B	8.22B	7.69B	7.07B	6.66B	6.86B	6.30B	6.29B	6.22B	5.87B	6.35B	1.26B
Cost of Revenue	-10.76B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.00M	-761.00K	0.00	126.95M	1.50B	1.24B	0.00	0.00	0.00	0.00
Gross Profit	20.61B	13.34B	12.09B	11.09B	11.46B	10.71B	9.90B	9.10B	8.74B	8.48B	8.22B	7.65B	7.07B	6.66B	6.73B	4.81B	5.05B	6.22B	5.87B	6.35B	1.26B
Gross Profit Ratio	209.37%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.52%	100.01%	100.00%	98.15%	76.27%	80.26%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	2.43B	2.14B	1.99B	1.89B	1.74B	1.63B	1.51B	1.38B	1.33B	1.24B	1.16B	1.05B	914.00M	1.06B	827.68M	845.39M	922.09M	933.20M	869.64M	758.91M	0.00
Selling & Marketing	1.16B	1.04B	810.00M	659.00M	883.00M	857.00M	776.00M	731.00M	745.00M	735.00M	717.00M	610.00M	537.00M	463.09M	406.02M	530.90M	610.21M	603.56M	586.80M	575.03M	0.00
SG&A	4.73B	3.17B	2.80B	2.55B	2.62B	2.48B	2.29B	2.11B	2.07B	1.98B	1.88B	1.66B	1.45B	1.52B	1.23B	1.38B	1.53B	1.54B	1.46B	1.33B	0.00
Other Expenses	0.00	-2.64B	-7.82B	-596.00M	-503.00M	-469.00M	-424.00M	-435.00M	-489.00M	-475.00M	-488.00M	-606.00M	3.59B	5.45B	4.34B	3.92B	2.90B	-3.84B	-4.60B	-5.13B	557.55M
Operating Expenses	4.73B	1.91B	-5.02B	1.96B	2.12B	9.25B	8.01B	6.84B	6.39B	5.92B	1.39B	5.23B	5.04B	6.97B	5.87B	5.30B	4.44B	-2.30B	-3.14B	-3.79B	557.55M
Cost & Expenses	4.73B	1.91B	-5.02B	1.96B	2.12B	9.25B	8.01B	6.84B	6.39B	5.92B	1.39B	5.23B	5.04B	6.97B	5.87B	5.30B	4.44B	-2.30B	-3.14B	-3.79B	557.55M
Interest Income	17.85B	12.86B	10.65B	11.10B	11.99B	10.89B	9.65B	8.62B	7.95B	7.60B	7.06B	6.74B	6.35B	6.15B	6.46B	6.55B	6.86B	6.17B	5.70B	5.70B	2.05B
Interest Expense	4.75B	1.87B	1.13B	1.87B	2.53B	2.14B	1.65B	1.40B	1.26B	1.13B	1.15B	1.31B	1.49B	1.58B	1.65B	2.36B	2.98B	2.34B	1.80B	1.34B	789.67M
Depreciation & Amortization	187.00M	194.00M	189.00M	198.00M	164.00M	142.00M	130.00M	137.00M	391.00M	369.00M	334.00M	267.00M	20.07M	172.01M	203.49M	231.40M	257.13M	222.80M	214.31M	193.13M	0.00
EBITDA	4.01B	6.28B	7.60B	0.00	4.27B	4.03B	3.93B	4.01B	4.00B	4.06B	4.28B	4.02B	3.60B	1.36B	2.22B	1.06B	1.20B	2.07B	1.14B	1.54B	1.82B
EBITDA Ratio	40.77%	61.24%	62.84%	17.32%	37.27%	57.62%	56.36%	59.40%	60.26%	61.31%	65.95%	69.58%	71.00%	45.42%	52.11%	46.94%	40.71%	66.57%	50.11%	43.32%	144.28%
Operating Income	5.11B	7.61B	7.06B	1.44B	3.84B	5.74B	5.19B	5.05B	4.88B	4.83B	5.09B	5.08B	5.00B	2.85B	3.37B	2.81B	2.33B	3.92B	2.73B	2.56B	1.82B
Operating Income Ratio	51.96%	57.04%	58.44%	12.94%	33.47%	53.56%	52.39%	55.54%	55.78%	56.95%	61.89%	66.11%	70.71%	42.83%	49.15%	44.61%	36.98%	62.99%	46.46%	40.28%	144.28%
Total Other Income/Expenses	-1.29B	-149.00M	-1.08B	-155.00M	-96.00M	-83.00M	-89.00M	-98.00M	-112.00M	-134.00M	-98.00M	333.00M	-244.00K	0.00	844.71M	594.69M	-257.13M	-492.51M	-214.31M	-325.81M	325.43M
Income Before Tax	3.83B	5.74B	7.06B	1.44B	3.84B	3.60B	3.54B	3.66B	3.61B	3.69B	3.94B	3.76B	3.51B	1.27B	2.12B	1.66B	945.20M	1.58B	924.26M	1.22B	1.03B
Income Before Tax Ratio	38.87%	43.05%	58.44%	12.94%	33.47%	33.59%	35.74%	40.18%	41.33%	43.58%	47.96%	48.95%	49.70%	19.06%	30.91%	26.31%	15.02%	25.43%	15.75%	19.19%	81.56%
Income Tax Expense	886.00M	1.35B	1.62B	294.00M	878.00M	855.00M	1.44B	1.26B	1.32B	1.37B	1.47B	1.41B	1.28B	504.07M	844.71M	594.69M	356.57M	505.69M	346.34M	442.65M	378.28M
Net Income	2.94B	4.37B	5.42B	1.14B	2.96B	2.74B	2.10B	2.39B	2.30B	2.32B	2.47B	2.35B	2.23B	764.79M	1.28B	927.75M	588.63M	1.08B	577.92M	776.25M	648.63M
Net Income Ratio	29.87%	32.80%	44.86%	10.29%	25.81%	25.60%	21.21%	26.30%	26.28%	27.40%	30.03%	30.57%	31.52%	11.49%	18.60%	14.73%	9.35%	17.30%	9.85%	12.22%	51.52%
EPS	11.26	15.47	17.84	3.60	9.09	7.97	5.43	5.77	5.14	4.91	4.97	4.51	4.06	1.23	2.39	1.90	1.23	2.26	1.21	1.63	1.36
EPS Diluted	11.26	15.42	17.84	3.60	9.09	7.95	5.42	5.77	5.13	4.90	4.96	4.50	4.06	1.22	2.38	1.90	1.23	2.26	1.21	1.63	1.36
Weighted Avg Shares Out	254.00M	277.00M	300.00M	307.00M	320.00M	344.00M	374.00M	405.00M	437.00M	462.00M	485.00M	516.00M	542.00M	544.00M	504.55M	479.34M	477.24M	477.24M	477.24M	476.21M	477.24M
Weighted Avg Shares Out (Dil)	254.00M	278.00M	300.00M	307.00M	320.00M	345.00M	374.00M	406.00M	438.00M	463.00M	487.00M	517.00M	543.00M	549.00M	507.91M	479.36M	478.88M	477.24M	477.24M	476.21M	477.24M

Good Value Despite Discover's Stalled Merger

September 24, 2024seekingalpha.com

Discover Financial Services enjoys consistent growth, a healthy balance sheet in spite of a merger that may not go through. Declining credit losses and the exit of the student loan portfolio are expected to improve DFS's risk profile and financial...

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Discover Financial Services – DFS

September 5, 2024globenewswire.com

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...

Ex-Discover Exec Sues to Recoup Pay Ahead of Capital One Merger

September 5, 2024pymnts.com

A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Discover Financial Services - DFS

September 4, 2024prnewswire.com

NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

Why Is Discover (DFS) Down 8.5% Since Last Earnings Report?

August 16, 2024zacks.com

Discover (DFS) reported earnings 30 days ago. What's next for the stock?

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