Discover Financial Services (DFS) Return on Invested Capital (ROIC): 32.48%
Is Discover Financial Services’s return on invested capital (ROIC) high or low?
Discover Financial Services's return on invested capital (ROIC) of 32.48% is 119% above its 5-year average of 14.85%, near the high end of its 5-year range (3.55%–32.48%).
The return on invested capital (ROIC) for Discover Financial Services (DFS) is 32.48% as of Tuesday, June 9, 2026. It is above its 12-month average by 44.97% (22.40%).
DFS Return on Invested Capital (ROIC) Chart
DFS Average Return on Invested Capital (ROIC) Chart
DFS Current vs Average Return on Invested Capital (ROIC) Chart
DFS Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
32.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.27%
CURRENT VS TTM AVG
+44.97%
CURRENT VS 3Y AVG
+67.27%
CURRENT VS 5Y AVG
+118.75%
CURRENT VS 10Y AVG
+163.91%
CURRENT VS 15Y AVG
+176.90%
CURRENT VS 20Y AVG
+144.72%
DFS Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Discover Financial Services (DFS) | — | 32.48% | 22.40% | 19.42% | 14.85% |
| MetLife, Inc. (MET) | $55.06B | 0.72% | 0.89% | 0.86% | 230.58% |
| Arthur J. Gallagher & Co. (AJG) | $55.77B | 5.25% | 5.15% | 6.33% | 6.87% |
| The Allstate Corporation (ALL) | $55.91B | 20.79% | 12.46% | 5.83% | 5.47% |
| 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 | 35.60% | 33.89% | 30.89% | 28.17% |
| Aflac Incorporated (AFL) | $58.84B | 3.21% | 1.60% | 0.80% | 0.96% |
| Coinbase Global, Inc. (COIN) | $40.97B | 5.24% | 9.40% | -1.24% | 7.17% |
| American International Group, Inc. (AIG) | $39.19B | 5.29% | 4.88% | 2.77% | 2.21% |
| The Travelers Companies, Inc. (TRV) | $63.85B | 12.10% | 11.86% | 9.68% | -2.06% |
Capital Efficiency
ROIC
32.5%
ROE
25.3%
Discover Financial Services Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Discover Financial Services Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The return on invested capital (ROIC) for DFS stock is 32.48%.
- Is Discover Financial Services's return on invested capital (ROIC) high or low?
- Discover Financial Services's return on invested capital (ROIC) of 32.48% is 119% above its 5-year average of 14.85%, near the high end of its 5-year range (3.55%–32.48%).
- What is the TTM average return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The TTM average return on invested capital (ROIC) for DFS stock is 22.40%.
- What is the 3Y average return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The 3Y average return on invested capital (ROIC) for DFS stock is 19.42%.
- What is the 5Y average return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The 5Y average return on invested capital (ROIC) for DFS stock is 14.85%.
- What is the 10Y average return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The 10Y average return on invested capital (ROIC) for DFS stock is 12.31%.
- What is the 15Y average return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The 15Y average return on invested capital (ROIC) for DFS stock is 11.73%.
- What is the 20Y average return on invested capital (ROIC) for Discover Financial Services (DFS)?
- The 20Y average return on invested capital (ROIC) for DFS stock is 13.27%.
Discover Financial Services Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2024-12-31 | 32.48% |
| 2023-12-31 | 12.33% |
| 2022-12-31 | 16.66% |
| 2021-12-31 | 16.20% |
| 2020-12-31 | 3.55% |
| 2019-12-31 | 7.87% |
| 2018-12-31 | 11.40% |
| 2017-12-31 | 8.27% |
| 2016-12-31 | 9.00% |
| 2015-12-31 | 8.63% |
| 2014-12-31 | 8.99% |
| 2013-12-31 | 10.14% |
| 2012-11-30 | 11.40% |
| 2011-11-30 | 11.92% |
| 2010-11-30 | 7.11% |
| 2009-11-30 | 17.38% |
| 2008-11-30 | 21.57% |
| 2007-11-30 | 13.08% |
| 2006-11-30 | 19.02% |
| 2005-11-30 | 18.45% |
| 2004-11-30 | 0.00% |
| 2003-11-30 | 4.77% |
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