Discover Financial Services (DFS) Debt to Equity Ratio: 0.91
Is Discover Financial Services’s debt to equity ratio high or low?
Discover Financial Services's debt to equity ratio of 0.91 is 42% below its 5-year average of 1.58, near the low end of its 5-year range (0.91–2.17).
As of Wednesday, June 17, 2026. 24.48% below its 12-month average of 1.21.
DFS Debt to Equity Ratio Chart
DFS Average Debt to Equity Ratio Chart
DFS Current vs Average Debt to Equity Ratio Chart
DFS Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.91
DEBT TO EQUITY RATIO AVG TTM
1.21
DEBT TO EQUITY RATIO AVG 3Y
1.34
DEBT TO EQUITY RATIO AVG 5Y
1.58
DEBT TO EQUITY RATIO AVG 10Y
1.89
DEBT TO EQUITY RATIO AVG 15Y
1.97
DEBT TO EQUITY RATIO AVG 20Y
1.66
CURRENT VS TTM AVG
-24.48%
CURRENT VS 3Y AVG
-32.22%
CURRENT VS 5Y AVG
-42.47%
CURRENT VS 10Y AVG
-51.94%
CURRENT VS 15Y AVG
-53.76%
CURRENT VS 20Y AVG
-45.15%
DFS Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Discover Financial Services (DFS) | $50.34B | 0.91 | 1.21 | 1.34 | 1.58 |
| State Street Corporation (STT)vs › | $47.79B | 1.07 | 1.26 | 1.07 | 0.94 |
| Nasdaq, Inc. (NDAQ)vs › | $47.10B | 0.81 | 0.84 | 0.91 | 0.92 |
| MetLife, Inc. (MET)vs › | $55.24B | 0.71 | 0.70 | 0.66 | 0.52 |
| Arthur J. Gallagher & Co. (AJG)vs › | $55.52B | 0.60 | 0.64 | 0.69 | 0.72 |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $45.08B | N/A | N/A | N/A | N/A |
| Coinbase Global, Inc. (COIN)vs › | $44.45B | 0.53 | 0.49 | 0.53 | 0.51 |
| Ares Management Corporation (ARES)vs › | $44.30B | 3.49 | 3.60 | 5.98 | 6.65 |
| MSCI Inc. (MSCI)vs › | $44.27B | -2.39 | 5.86 | 3.50 | 2.52 |
| The Allstate Corporation (ALL)vs › | $57.06B | 0.24 | 0.31 | 0.38 | 0.35 |
Financial Health
Debt/Equity
0.91
Current Ratio
0.15
Discover Financial Services Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Discover Financial Services Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Discover Financial Services (DFS)?
- The debt to equity ratio for DFS stock is 0.91.
- Is Discover Financial Services's debt to equity ratio high or low?
- Discover Financial Services's debt to equity ratio of 0.91 is 42% below its 5-year average of 1.58, near the low end of its 5-year range (0.91–2.17).
- What is the TTM average debt to equity ratio for Discover Financial Services (DFS)?
- The TTM average debt to equity ratio for DFS stock is 1.21.
- What is the 3Y average debt to equity ratio for Discover Financial Services (DFS)?
- The 3Y average debt to equity ratio for DFS stock is 1.34.
- What is the 5Y average debt to equity ratio for Discover Financial Services (DFS)?
- The 5Y average debt to equity ratio for DFS stock is 1.58.
- What is the 10Y average debt to equity ratio for Discover Financial Services (DFS)?
- The 10Y average debt to equity ratio for DFS stock is 1.89.
- What is the 15Y average debt to equity ratio for Discover Financial Services (DFS)?
- The 15Y average debt to equity ratio for DFS stock is 1.97.
- What is the 20Y average debt to equity ratio for Discover Financial Services (DFS)?
- The 20Y average debt to equity ratio for DFS stock is 1.66.
Discover Financial Services Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2024-12-31 | 0.91 |
| 2023-12-31 | 1.50 |
| 2022-12-31 | 1.45 |
| 2021-12-31 | 1.51 |
| 2020-12-31 | 1.95 |
| 2019-12-31 | 2.17 |
| 2018-12-31 | 2.45 |
| 2017-12-31 | 2.42 |
| 2016-12-31 | 2.25 |
| 2015-12-31 | 2.19 |
| 2014-12-31 | 2.03 |
| 2013-12-31 | 1.91 |
| 2012-11-30 | 1.82 |
| 2011-11-30 | 2.22 |
| 2010-11-30 | 2.74 |
| 2009-11-30 | 0.29 |
| 2008-11-30 | 0.46 |
| 2007-11-30 | 0.47 |
| 2006-11-30 | 1.43 |
| 2005-11-30 | 1.01 |
| 2004-11-30 | 0.00 |
| 2003-11-30 | 0.24 |
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