Discover Financial Services (DFS)

DFS Income Statement

Revenue, expenses, and profitability analysis

DFS Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2025	12/31/2024	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023	06/30/2023
Gross Profit	14.587B	4.251B	3.557B	2.980B	3.799B	2.663B	2.271B	4.044B	3.878B
Revenue	22.148B	5.494B	4.759B	5.910B	5.985B	2.663B	2.271B	4.044B	3.878B
Cost of Goods Sold	7.561B	1.243B	1.202B	2.930B	2.186B	0.00	3.309B	0.00	0.00
Gross Profit Margin	77.4%	77.4%	74.7%	50.4%	63.5%	100.0%	100.0%	100.0%	100.0%
Total Operating Expenses	6.944B	1.563B	1.855B	1.788B	1.738B	1.233B	1.775B	-3.156B	-2.709B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	3.954B	981.000M	1.091B	966.000M	916.000M	921.000M	1.018B	858.000M	856.000M
Operating Income (EBIT)	7.652B	2.688B	1.702B	1.192B	2.070B	1.430B	916.000M	888.000M	1.169B
Operating Margin	48.9%	48.9%	35.8%	20.2%	34.6%	53.7%	40.3%	22.0%	30.1%
Income Before Tax (EBT)	6.408B	1.444B	1.702B	1.192B	2.070B	1.119B	483.000M	888.000M	1.169B
Interest Income	19.873B	4.801B	4.989B	5.112B	4.971B	4.948B	4.868B	4.610B	4.290B
Interest Expense	5.506B	1.243B	1.359B	1.457B	1.447B	1.461B	1.400B	1.288B	1.113B
Other Income/Expense	-1.244B	-1.244B	0.00	0.00	0.00	-311.000M	-433.000M	0.00	0.00
Net Income	4.795B	1.104B	1.291B	870.000M	1.530B	851.000M	388.000M	683.000M	901.000M
Income Tax Expense	1.614B	340.000M	411.000M	323.000M	540.000M	268.000M	79.000M	205.000M	268.000M
Net Profit Margin	20.1%	20.1%	27.1%	14.7%	25.6%	32.0%	17.1%	16.9%	23.2%
EBITDA	7.866B	2.698B	1.733B	1.283B	2.152B	500.000M	323.000M	994.000M	1.288B
EBITDA Margin	49.1%	49.1%	36.4%	21.7%	36.0%	18.8%	14.2%	24.6%	33.2%
Depreciation & Amortization	215.000M	11.000M	31.000M	91.000M	82.000M	96.000M	0.00	106.000M	119.000M
EPS Basic	18.74	4.25	5.11	3.32	6.06	3.25	1.54	2.59	3.54
EPS Diluted	18.75	4.25	5.12	3.32	6.06	3.25	1.54	2.59	3.54
Shares Outstanding	252.000M	252.000M	251.000M	251.000M	251.000M	250.000M	250.103M	250.000M	253.000M
Diluted Shares Outstanding	252.000M	252.000M	251.000M	251.000M	251.000M	250.000M	250.649M	250.000M	253.000M

DFS Annual Income Statement (USD)

Annual Report	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Gross Profit	17.910B	11.827B	13.337B	12.087B	11.088B	11.459B	10.709B	9.897B
Revenue	20.020B	17.845B	13.337B	12.087B	11.088B	11.459B	10.709B	9.897B
Cost of Goods Sold	2.110B	6.018B	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit Margin	89.5%	66.3%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Total Operating Expenses	2.344B	6.130B	1.906B	-5.023B	1.957B	2.118B	9.251B	8.008B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.344B	6.130B	3.174B	2.796B	2.553B	2.621B	2.484B	2.288B
Operating Income (EBIT)	17.676B	5.697B	7.607B	7.064B	1.435B	3.835B	5.736B	5.185B
Operating Margin	88.3%	31.9%	57.0%	58.4%	12.9%	33.5%	53.6%	52.4%
Income Before Tax (EBT)	6.074B	3.637B	5.742B	7.064B	1.435B	3.835B	3.597B	3.537B
Interest Income	20.020B	17.845B	12.864B	10.651B	11.095B	11.993B	10.893B	9.648B
Interest Expense	5.724B	4.746B	1.865B	1.134B	1.865B	2.530B	2.139B	1.648B
Other Income/Expense	-11.602B	-2.070B	-149.000M	-1.084B	-155.000M	-96.000M	-83.000M	-89.000M
Net Income	4.535B	2.796B	4.374B	5.422B	1.141B	2.957B	2.742B	2.099B
Income Tax Expense	1.539B	841.000M	1.350B	1.615B	294.000M	878.000M	855.000M	1.438B
Net Profit Margin	22.7%	15.7%	32.8%	44.9%	10.3%	25.8%	25.6%	21.2%
EBITDA	0.00	5.797B	6.279B	7.595B	0.00	4.271B	4.032B	3.930B
EBITDA Margin	0.0%	32.5%	47.1%	62.8%	0.0%	37.3%	37.7%	39.7%
Depreciation & Amortization	0.00	89.000M	194.000M	189.000M	198.000M	164.000M	142.000M	130.000M
EPS Basic	17.71	10.71	15.47	17.84	3.60	9.09	7.97	5.43
EPS Diluted	17.71	10.70	15.42	17.84	3.60	9.09	7.95	5.42
Shares Outstanding	251.000M	253.501M	277.000M	300.000M	307.000M	320.000M	344.000M	374.000M
Diluted Shares Outstanding	251.000M	253.738M	278.000M	300.000M	307.000M	320.000M	345.000M	374.000M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Discover Financial Services

Based in Riverwoods, Illinois, and founded in 1960, Discover Financial Services offers a comprehensive suite of digital banking and payment solutions throughout the United States. Its operations are organized into two primary divisions: Digital Banking and Payment Services. The Digital Banking segment caters to individuals with Discover-branded credit cards, various consumer loan products including private student, personal, and home loans, and a direct-to-consumer deposit portfolio featuring savings, certificates of deposit (CDs), money market, checking, and sweep accounts, alongside specialized IRA deposit options. The Payment Services segment is responsible for operating the PULSE network, which supports automated teller machines, debit transactions, and electronic funds transfers. It also oversees Diners Club International, a global payments network involved in issuing branded charge cards and facilitating card acceptance. Furthermore, this segment provides essential payment transaction processing and settlement services.

Riverwoods, IL

21,000 employees

www.discover.com

Financial Services / Financial - Credit Services

Sector: Financial Services
Industry: Financial - Credit Services
CEO: J. Michael Shepherd

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