Discover Financial Services (DFS) Tax Rate: 25.34%
Is Discover Financial Services’s tax rate high or low?
Discover Financial Services's tax rate of 25.34% is 10% above its 5-year average of 23.04%, near the high end of its 5-year range (20.49%–25.34%).
The tax rate for Discover Financial Services (DFS) is 25.34%. It is above its 12-month average by 4.58% (24.23%).
DFS Tax Rate Chart
DFS Average Tax Rate Chart
DFS Current vs Average Tax Rate Chart
DFS Tax Rate Metrics
TAX RATE
25.34%
TAX RATE AVG TTM
24.23%
TAX RATE AVG 3Y
23.71%
TAX RATE AVG 5Y
23.04%
TAX RATE AVG 10Y
28.25%
TAX RATE AVG 15Y
30.79%
TAX RATE AVG 20Y
32.24%
CURRENT VS TTM AVG
+4.58%
CURRENT VS 3Y AVG
+6.89%
CURRENT VS 5Y AVG
+10.01%
CURRENT VS 10Y AVG
-10.29%
CURRENT VS 15Y AVG
-17.71%
CURRENT VS 20Y AVG
-21.40%
Discover Financial Services Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Discover Financial Services Tax Rate FAQ
- What is the tax rate for Discover Financial Services (DFS)?
- The tax rate for DFS stock is 25.34%.
- Is Discover Financial Services's tax rate high or low?
- Discover Financial Services's tax rate of 25.34% is 10% above its 5-year average of 23.04%, near the high end of its 5-year range (20.49%–25.34%).
- What is the TTM average tax rate for Discover Financial Services (DFS)?
- The TTM average tax rate for DFS stock is 24.23%.
- What is the 3Y average tax rate for Discover Financial Services (DFS)?
- The 3Y average tax rate for DFS stock is 23.71%.
- What is the 5Y average tax rate for Discover Financial Services (DFS)?
- The 5Y average tax rate for DFS stock is 23.04%.
- What is the 10Y average tax rate for Discover Financial Services (DFS)?
- The 10Y average tax rate for DFS stock is 28.25%.
- What is the 15Y average tax rate for Discover Financial Services (DFS)?
- The 15Y average tax rate for DFS stock is 30.79%.
- What is the 20Y average tax rate for Discover Financial Services (DFS)?
- The 20Y average tax rate for DFS stock is 32.24%.
Discover Financial Services Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2024-12-31 | 25.34% |
| 2023-12-31 | 23.12% |
| 2022-12-31 | 23.51% |
| 2021-12-31 | 22.86% |
| 2020-12-31 | 20.49% |
| 2019-12-31 | 22.89% |
| 2018-12-31 | 23.77% |
| 2017-12-31 | 40.66% |
| 2016-12-31 | 34.55% |
| 2015-12-31 | 36.41% |
| 2014-12-31 | 37.11% |
| 2013-12-31 | 37.37% |
| 2012-11-30 | 37.54% |
| 2011-11-30 | 36.57% |
| 2010-11-30 | 39.73% |
| 2009-11-30 | 39.83% |
| 2008-11-30 | 35.88% |
| 2007-11-30 | 37.72% |
| 2006-11-30 | 31.96% |
| 2005-11-30 | 37.47% |
| 2004-11-30 | 36.32% |
| 2003-11-30 | 36.84% |
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