Discover Financial Services - Understand $dfs stock

$DFS Market Cap: $44.3 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$10.50B

TTM

Gross Margin

Net Earnings

$3.118B

TTM

Current Assets

Current Liabilities

$6.304B

Q3 2024

Current Ratio

Total Assets

$151.6B

Q3 2024

Total Liabilities

$134.3B

Q3 2024

Book Value

$17.26B

Q3 2024

Cash

$10.79B

Q3 2024

P/E

14.21

Nov 29, 2024 EST

Free Cash Flow

$7.093B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$17.85B	$12.86B	$10.65B	$11.10B	$11.99B	$10.89B	$9.648B	$8.616B	$7.945B	$7.596B	$7.064B	$6.703B	$6.345B	$6.146B	$3.145B
YoY Change	38.72%	20.78%	-4.0%	-7.49%	10.1%	12.9%	11.98%	8.45%	4.59%	7.53%	5.39%	5.64%	3.24%	95.42%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$17.85B	$12.86B	$10.65B	$11.10B	$11.99B	$10.89B	$9.648B	$8.616B	$7.945B	$7.596B	$7.064B	$6.703B	$6.345B	$6.146B	$3.145B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$608.0M	$513.0M	$500.0M	$540.0M	$409.0M	$350.0M	$315.0M	$339.0M	$349.0M	$346.0M	$333.0M	$289.0M	$264.0M	$258.0M	$289.2M
YoY Change	18.52%	2.6%	-7.41%	32.03%	16.86%	11.11%	-7.08%	-2.87%	0.87%	3.9%	15.22%	9.47%	2.33%	-10.79%
% of Gross Profit
Depreciation & Amortization	$458.0M	$561.0M	$531.0M	$485.0M	$436.0M	$435.0M	$393.0M	$351.0M	$391.0M	$126.0M	$111.0M	$95.00M	$90.00M	$89.00M	$97.90M	$231.4M	$257.1M	$222.8M	$214.3M	$193.1M
YoY Change	-18.36%	5.65%	9.48%	11.24%	0.23%	10.69%	11.97%	-10.23%	210.32%	13.51%	16.84%	5.56%	1.12%	-9.09%	-57.69%	-10.0%	15.39%	3.97%	10.98%
% of Gross Profit
Operating Expenses	$608.0M	$513.0M	$500.0M	$540.0M	$409.0M	$350.0M	$315.0M	$339.0M	$349.0M	$346.0M	$333.0M	$289.0M	$264.0M	$258.0M	$289.2M
YoY Change	18.52%	2.6%	-7.41%	32.03%	16.86%	11.11%	-7.08%	-2.87%	0.87%	3.9%	15.22%	9.47%	2.33%	-10.79%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$4.746B	$1.865B	$1.134B	$1.865B	$2.530B	$2.139B	$1.648B	$1.398B	$1.263B	$1.134B	$1.146B	$1.331B	$1.485B	$1.583B	$1.251B
YoY Change	154.48%	64.46%	-39.2%	-26.28%	18.28%	29.79%	17.88%	10.69%	11.38%	-1.05%	-13.9%	-10.37%	-6.19%	26.51%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$3.826B	$5.742B	$7.064B	$1.435B	$3.835B	$3.597B	$3.537B	$3.656B	$3.612B	$3.694B	$3.944B	$3.753B	$3.511B	$1.269B	$2.121B	$1.658B	$1.526B	$1.668B	$924.0M	$1.219B	$1.027B	$1.145B
YoY Change	-33.37%	-18.71%	392.26%	-62.58%	6.62%	1.7%	-3.25%	1.22%	-2.22%	-6.34%	5.09%	6.89%	176.67%	-40.17%	27.92%	8.65%	-8.51%	80.52%	-24.2%	18.7%	-10.31%
Income Tax	$886.0M	$1.350B	$1.615B	$294.0M	$878.0M	$855.0M	$1.438B	$1.263B	$1.315B	$1.371B	$1.474B	$1.408B	$1.284B	$504.0M	$844.7M	$595.0M	$562.0M	$536.0M	$346.0M	$443.0M	$378.0M	$403.0M
% Of Pretax Income	23.16%	23.51%	22.86%	20.49%	22.89%	23.77%	40.66%	34.55%	36.41%	37.11%	37.37%	37.52%	36.57%	39.72%	39.83%	35.89%	36.83%	32.13%	37.45%	36.34%	36.81%	35.2%
Net Earnings	$2.859B	$4.304B	$5.449B	$1.141B	$2.957B	$2.742B	$2.099B	$2.393B	$2.297B	$2.323B	$2.470B	$2.345B	$2.227B	$765.0M	$1.276B	$928.0M	$589.0M	$1.077B	$578.0M	$776.0M	$649.0M	$742.0M
YoY Change	-33.57%	-21.01%	377.56%	-61.41%	7.84%	30.63%	-12.29%	4.18%	-1.12%	-5.95%	5.33%	5.3%	191.11%	-40.06%	37.52%	57.56%	-45.31%	86.33%	-25.52%	19.57%	-12.53%
Net Earnings / Revenue	16.02%	33.46%	51.16%	10.28%	24.66%	25.17%	21.76%	27.77%	28.91%	30.58%	34.97%	34.98%	35.1%	12.45%	40.58%
Basic Earnings Per Share	$11.27	$15.52	$17.85	$3.60	$9.09	$7.81	$5.43	$5.77	$5.14	$4.91	$4.97	$4.47	$4.06	$1.23	$2.39
Diluted Earnings Per Share	$11.33	$15.48M	$17.83	$3.60	$9.08	$7.79	$5.42	$5.77	$5.13	$4.90	$4.96	$4.46	$4.06	$1.22	$2.38	$1.937M	$1.230M	$2.258M	$1.212M	$1.472M	$1.231M	$1.408M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$1.091B	$1.003B	$983.0M	$1.027B	$1.106B	$936.0M	$825.0M	$734.0M	$693.0M	$670.0M	$654.0M	$538.0M	$483.0M	$461.0M	$499.0M	$553.0M	$575.0M	$661.0M	$625.0M
YoY Change	8.77%	2.03%	-4.28%	-7.14%	18.16%	13.45%	12.4%	5.92%	3.43%	2.45%	21.56%	11.39%	4.77%	-7.62%	-9.76%	-3.83%	-13.01%	5.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$514.0M	$416.0M	$388.0M	$353.0M	$336.0M	$295.0M	$297.0M	$326.0M	$328.0M	$325.0M	$308.0M
YoY Change	23.56%	7.22%	9.92%	5.06%	13.9%	-0.67%	-8.9%	-0.61%	0.92%	5.52%
Other Assets	$2.656B	$2.004B	$1.494B	$1.775B	$551.0M											$0.00	$3.926B
YoY Change	32.53%	34.14%	-15.83%	222.14%												-100.0%
Total Long-Term Assets
YoY Change
Total Assets	$151.5B	$131.6B	$110.2B	$112.9B	$114.0B	$109.6B	$100.1B	$92.31B	$86.80B	$83.13B	$79.34B	$73.49B	$68.78B	$60.79B	$46.02B	$39.89B	$37.38B	$29.07B	$26.94B	$24.12B	$24.03B	$28.75B
YoY Change
Accounts Payable																$269.0M	$265.0M	$135.0M	$182.0M
YoY Change																1.51%	96.3%	-25.82%
Accrued Expenses	$6.432B	$5.294B	$4.214B	$3.860B	$3.690B	$3.436B	$4.105B	$3.550B	$3.343B	$3.246B	$2.958B	$3.412B	$2.627B	$2.209B	$2.256B	$2.469B	$1.318B	$1.566B	$1.459B
YoY Change	21.5%	25.63%	9.17%	4.61%	7.39%	-16.3%	15.63%	6.19%	2.99%	9.74%	-13.31%	29.88%	18.92%	-2.08%	-8.63%	87.33%	-15.84%	7.33%
Deferred Revenue
YoY Change
Short-Term Debt	$750.0M	$0.00	$1.750B							$113.0M	$140.0M	$327.0M	$50.00M	$0.00	$0.00	$500.0M	$250.0M	$6.740B	$3.773B
YoY Change		-100.0%								-19.29%	-57.19%	554.0%			-100.0%	100.0%	-96.29%	78.64%
Long-Term Debt Due	$4.251B	$3.815B	$5.185B	$4.217B	$5.247B	$6.511B	$5.272B	$5.100B		$3.302B
YoY Change	11.43%	-26.42%	22.95%	-19.63%	-19.41%	23.5%	3.37%
Total Short-Term Liabilities	$11.43B	$5.294B	$9.399B	$8.077B	$8.937B	$9.947B	$9.377B	$8.650B	$3.343B	$6.548B	$2.958B	$3.412B	$2.627B	$2.209B	$3.065B	$3.211B	$1.583B	$1.701B	$1.641B
YoY Change	115.96%	-43.67%	16.37%	-9.62%	-10.15%	6.08%	8.4%	158.75%	-48.95%	121.37%	-13.31%	29.88%	18.92%	-27.93%	-4.55%	102.84%	-6.94%	3.66%
Long-Term Debt	$16.33B	$20.11B	$13.29B	$17.02B	$20.45B	$20.72B	$21.05B	$20.34B	$24.65B	$19.24B	$20.47B	$17.67B	$18.29B	$17.71B	$2.428B	$1.735B	$2.134B	$1.508B	$864.0M	$1.198B	$932.0M	$3.533B
YoY Change	-18.79%	51.28%	-21.92%	-16.77%	-1.27%	-1.6%	3.5%	-17.47%	28.11%	-6.02%	15.89%	-3.4%	3.28%	629.24%	39.94%	-18.7%	41.51%	74.54%	-27.88%	28.54%	-73.62%
Other Long-Term Liabilities																$0.00	$3.098B			$18.90B	$19.29B	$20.82B
YoY Change																-100.0%				-2.02%	-7.34%
Total Long-Term Liabilities	$16.33B	$20.11B	$13.29B	$17.02B	$20.45B	$20.72B	$21.05B	$20.34B	$24.65B	$19.24B	$20.47B	$17.67B	$18.29B	$17.71B	$2.428B	$1.735B	$5.232B	$1.508B	$864.0M	$20.10B	$20.22B	$24.35B
YoY Change	-18.79%	51.28%	-21.92%	-16.77%	-1.27%	-1.6%	3.5%	-17.47%	28.11%	-6.02%	15.89%	-3.4%	3.28%	629.24%	39.94%	-66.84%	246.95%	74.54%	-95.7%	-0.61%	-16.96%
Total Liabilities	$136.7B	$117.0B	$96.83B	$102.0B	$102.1B	$98.42B	$89.20B	$80.99B	$75.52B	$71.99B	$68.53B	$63.62B	$60.54B	$54.33B	$37.59B	$33.98B	$31.78B	$23.29B	$22.34B	$20.10B	$20.22B	$24.35B
YoY Change	16.79%	20.86%	-5.07%	-0.13%	3.77%	10.35%	10.14%	7.23%	4.91%	5.05%	7.72%	5.08%	11.44%	44.55%	10.62%	6.92%	36.43%	4.25%	11.15%	-0.6%	-16.96%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	254.0M shares	277.0M shares	300.0M shares	307.0M shares	320.0M shares	344.0M shares	374.0M shares	405.0M shares	437.0M shares	462.0M shares	485.0M shares	519.0M shares	542.0M shares	544.0M shares	504.6M shares
Diluted Shares Outstanding	254.0M shares	278.0M shares	300.0M shares	307.0M shares	320.0M shares	345.0M shares	374.0M shares	406.0M shares	438.0M shares	463.0M shares	487.0M shares	520.0M shares	543.0M shares	549.0M shares	507.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $44.302 Billion

About Discover Financial Services

Discover Financial Services is a holding company. The company is headquartered in Riverwoods, Illinois and currently employs 21,100 full-time employees. The company went IPO on 2007-06-14. The firm is a bank holding company, as well as a financial holding company. The firm operates through two segments: Digital Banking and Payment Services. Its Digital Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans and deposit products. Its Payment Services segment includes PULSE, Diners Club, and its Network Partners business, which provides payment transaction processing and settlement services on the Discover Global Network. Its processing services covers four functional areas such as card personalization, print/mail, remittance processing and item processing. Its private student loans are primarily available to students attending eligible non-profit undergraduate and graduate schools.

Industry: Personal Credit Institutions Peers: Ally Financial Inc. AMERICAN EXPRESS CO CAPITAL ONE FINANCIAL CORP CREDIT ACCEPTANCE CORP FirstCash Holdings, Inc. OneMain Holdings, Inc. SoFi Technologies, Inc. Synchrony Financial