DFS · Discover Financial Services - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $473.00M | - | $505.00M | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $1.44B | - | $1.19B | $2.07B | $404.00M | - | $888.00M | $1.17B | $1.27B | - |
| Interest Expense | - | - | - | $1.45B | $1.46B | - | $1.29B | $1.11B | $945.00M | - |
| Income Tax | $340.00M | - | $322.00M | $540.00M | $96.00M | - | $205.00M | $268.00M | $292.00M | - |
| Net Income | $1.10B | - | $870.00M | $1.53B | $308.00M | - | $683.00M | $901.00M | $976.00M | - |
| EPS - Basic | $4.25 | - | $3.32 | $6.06 | $1.10 | - | $2.59 | $3.54 | $3.58 | - |
| EPS - Diluted | $4.25 | - | $3.32 | $6.06 | $1.10 | - | $2.59 | $3.54 | $3.58 | - |
Balance Sheet
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.87B | $8.47B | $10.79B | $10.87B | $14.00B | $11.69B | $9.19B | $8.61B | $10.13B | $8.86B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $147.91B | $147.64B | $151.62B | $150.87B | $152.69B | $151.52B | $143.43B | $138.08B | $133.06B | $131.63B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $128.95B | $129.71B | $134.51B | $134.80B | $137.97B | $136.69B | $129.20B | $124.23B | $118.75B | $117.04B |
| Stockholders' Equity | $18.96B | $17.93B | $17.11B | $16.07B | $14.72B | $14.83B | $14.24B | $13.86B | $14.31B | $14.59B |
| Retained Earnings | $34.48B | $33.58B | $32.47B | $31.86B | $30.51B | $30.45B | $30.24B | $29.76B | $29.29B | $28.45B |
Cash Flow
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.13B | - | - | - | $1.84B | - | - | - | $1.79B | - |
| Investing Cash Flow | $3.01B | - | - | - | $358.00M | - | - | - | ($1.23B) | - |
| Financing Cash Flow | ($802.00M) | - | - | - | $514.00M | - | - | - | $704.00M | - |
| CapEx | $64.00M | - | - | - | $71.00M | - | - | - | $76.00M | - |
| Free Cash Flow | $2.07B | - | - | - | $1.77B | - | - | - | $1.72B | - |
Ratios
| Metric | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 305.3% | - | 236.0% | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 233.4% | - | 172.3% | - | - | - | - | - | - | - |
| Free cash flow margin | 437.2% | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.87 | - | - | - | 5.75 | - | - | - | 1.76 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.5% | - | 27.0% | 26.1% | 23.8% | - | 23.1% | 22.9% | 23.0% | - |
| Return on assets | 0.7% | - | 0.6% | 1.0% | 0.2% | - | 0.5% | 0.7% | 0.7% | - |
| Return on equity | 5.8% | - | 5.1% | 9.5% | 2.1% | - | 4.8% | 6.5% | 6.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | 1.4x | 0.3x | - | 0.7x | 1.1x | 1.3x | - |
| Equity multiplier | 7.80 | 8.24 | 8.86 | 9.39 | 10.37 | 10.22 | 10.08 | 9.97 | 9.30 | 9.02 |
| Liabilities / Assets | 0.87 | 0.88 | 0.89 | 0.89 | 0.90 | 0.90 | 0.90 | 0.90 | 0.89 | 0.89 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 257.4% | - | 34.2% | 77.1% | -68.1% | - | -32.6% | -47.4% | -21.6% | - |
| Net income growth (YoY) | 258.4% | - | 27.4% | 69.8% | -68.4% | - | -32.1% | -18.9% | -21.4% | - |
| EPS growth (YoY) | 286.4% | - | 28.2% | 71.2% | -69.3% | - | -26.8% | -10.6% | -15.2% | - |
| EPS CAGR (3y) | 0.2% | - | -2.1% | 3.0% | -39.8% | - | 1.9% | - | - | - |
| EPS CAGR (5y) | - | - | 7.1% | 21.2% | -12.5% | - | 4.8% | 13.1% | 14.5% | - |
| FCF growth (YoY) | 16.7% | - | - | - | 3.3% | - | - | - | 1.9% | - |
| FCF CAGR (5y) | 5.0% | - | - | - | 8.9% | - | - | - | 7.8% | - |
| Book value growth (YoY) | 28.8% | 20.9% | 20.2% | 16.0% | 2.8% | 1.6% | -0.3% | 0.7% | 6.6% | 8.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$2.80B totalDigital Banking$2.08B · 74.5%
Payment Services$713.00M · 25.5%
Peer comparison
Same SIC group: Personal Credit Institutions
Comparing Discover Financial Services against the 5 most active filers in the same SIC group.