Discover Financial Services (DFS) Gross Margin: 89.46%
Is Discover Financial Services’s gross margin high or low?
Discover Financial Services's gross margin of 89.46% is in line with its 5-year average of 92.62%, around the middle of its 5-year range (66.28%–100.00%).
The gross margin for Discover Financial Services (DFS) is 89.46% as of Tuesday, June 9, 2026. It is above its 12-month average by 14.88% (77.87%).
DFS Gross Margin Chart
DFS Average Gross Margin Chart
DFS Current vs Average Gross Margin Chart
DFS Gross Margin Metrics
GROSS MARGIN
89.46%
GROSS MARGIN AVG TTM
77.87%
GROSS MARGIN AVG 3Y
88.93%
GROSS MARGIN AVG 5Y
92.62%
GROSS MARGIN AVG 10Y
95.98%
GROSS MARGIN AVG 15Y
97.02%
GROSS MARGIN AVG 20Y
95.50%
CURRENT VS TTM AVG
+14.88%
CURRENT VS 3Y AVG
+0.59%
CURRENT VS 5Y AVG
-3.42%
CURRENT VS 10Y AVG
-6.79%
CURRENT VS 15Y AVG
-7.79%
CURRENT VS 20Y AVG
-6.32%
DFS Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Discover Financial Services (DFS) | — | 89.46% | 77.87% | 88.93% | 92.62% |
| MetLife, Inc. (MET) | $55.06B | 36.36% | 31.77% | 29.23% | 27.71% |
| Arthur J. Gallagher & Co. (AJG) | $55.77B | 54.75% | 48.48% | 45.30% | 42.21% |
| The Allstate Corporation (ALL) | $55.91B | 33.23% | 28.03% | 19.99% | 22.65% |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) | $44.77B | N/A | N/A | N/A | N/A |
| MSCI Inc. (MSCI) | $44.23B | 82.44% | 82.22% | 82.20% | 82.34% |
| Aflac Incorporated (AFL) | $58.84B | 38.93% | 37.28% | 68.64% | 79.09% |
| Coinbase Global, Inc. (COIN) | $40.97B | 74.64% | 74.69% | 73.28% | 76.72% |
| American International Group, Inc. (AIG) | $39.19B | 34.51% | 34.27% | 27.09% | 41.18% |
| The Travelers Companies, Inc. (TRV) | $63.85B | 44.25% | 35.48% | 28.91% | 28.02% |
Gross Margin Analysis
Gross Margin
89.5%
(Revenue - COGS) / Revenue
Discover Financial Services Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Discover Financial Services Gross Margin FAQ
- What is the gross margin for Discover Financial Services (DFS)?
- The gross margin for DFS stock is 89.46%.
- Is Discover Financial Services's gross margin high or low?
- Discover Financial Services's gross margin of 89.46% is in line with its 5-year average of 92.62%, around the middle of its 5-year range (66.28%–100.00%).
- What is the TTM average gross margin for Discover Financial Services (DFS)?
- The TTM average gross margin for DFS stock is 77.87%.
- What is the 3Y average gross margin for Discover Financial Services (DFS)?
- The 3Y average gross margin for DFS stock is 88.93%.
- What is the 5Y average gross margin for Discover Financial Services (DFS)?
- The 5Y average gross margin for DFS stock is 92.62%.
- What is the 10Y average gross margin for Discover Financial Services (DFS)?
- The 10Y average gross margin for DFS stock is 95.98%.
- What is the 15Y average gross margin for Discover Financial Services (DFS)?
- The 15Y average gross margin for DFS stock is 97.02%.
- What is the 20Y average gross margin for Discover Financial Services (DFS)?
- The 20Y average gross margin for DFS stock is 95.50%.
Discover Financial Services Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2024-12-31 | 89.46% |
| 2023-12-31 | 66.28% |
| 2022-12-31 | 100.00% |
| 2021-12-31 | 100.00% |
| 2020-12-31 | 100.00% |
| 2019-12-31 | 100.00% |
| 2018-12-31 | 100.00% |
| 2017-12-31 | 100.00% |
| 2016-12-31 | 100.00% |
| 2015-12-31 | 100.00% |
| 2014-12-31 | 100.00% |
| 2013-12-31 | 100.00% |
| 2012-11-30 | 99.52% |
| 2011-11-30 | 100.01% |
| 2010-11-30 | 100.00% |
| 2009-11-30 | 98.15% |
| 2008-11-30 | 76.27% |
| 2007-11-30 | 80.26% |
| 2006-11-30 | 100.00% |
| 2005-11-30 | 100.00% |
| 2004-11-30 | 100.00% |
| 2003-11-30 | 100.00% |
Related Metrics
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.
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- CEO
- J. Michael Shepherd