Discover Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Discover Financial Services
DFS Stock  USD 129.02  0.22  0.17%   
Discover Financial financial statements provide useful quarterly and yearly information to potential Discover Financial Services investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Discover Financial financial statements helps investors assess Discover Financial's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Discover Financial's valuation are summarized below:
Gross Profit
10.5 B
Profit Margin
0.2303
Market Capitalization
32.4 B
Revenue
9.9 B
Earnings Share
8.78
There are over one hundred nineteen available fundamental signals for Discover Financial Services, which can be analyzed over time and compared to other ratios. All traders should verify Discover Financial's prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Market Cap is likely to drop to about 17 B in 2024

Discover Financial Total Revenue

21.64 Billion

Check Discover Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Discover main balance sheet or income statement drivers, such as Interest Expense of 1.3 B, Total Revenue of 21.6 B or Gross Profit of 21.6 B, as well as many exotic indicators such as Price To Sales Ratio of 1.32, Dividend Yield of 0.0323 or PTB Ratio of 1.72. Discover financial statements analysis is a perfect complement when working with Discover Financial Valuation or Volatility modules.
  
This module can also supplement Discover Financial's financial leverage analysis and stock options assessment as well as various Discover Financial Technical models . Check out the analysis of Discover Financial Correlation against competitors.

Discover Financial Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets86.8 B151.6 B95 B
Slightly volatile
Short and Long Term Debt Total18.1 B21.3 B20.7 B
Slightly volatile
Total Stockholder Equity10.5 B14.8 B11 B
Slightly volatile
Other Assets159.1 B151.5 B52.3 B
Slightly volatile
Common Stock Shares Outstanding341.1 M254 M390 M
Slightly volatile
Liabilities And Stockholders Equity86.8 B151.6 B95 B
Slightly volatile
Non Current Liabilities Total137.1 B130.6 B41.1 B
Slightly volatile
Total Liabilities143.6 B136.8 B76.7 B
Slightly volatile
Total Current Liabilities5.9 B6.2 B38.2 B
Pretty Stable
Other Liabilities181.3 M190.8 M1 B
Slightly volatile
Property Plant And Equipment Net818.5 M1.1 B809.1 M
Slightly volatile
Retained Earnings32 B30.4 B17.1 B
Slightly volatile
Accounts Payable11.2 B6.1 B11.1 B
Pretty Stable
Cash13.2 B11.7 B14 B
Slightly volatile
Non Current Assets Total155.5 B148.1 B59 B
Slightly volatile
Long Term Debt17.4 B20.6 B19.6 B
Slightly volatile
Cash And Short Term Investments11.2 B13.8 B11.5 B
Slightly volatile
Net Receivables126.5 B120.5 B67.4 B
Slightly volatile
Good Will218.5 M229.5 M255.1 M
Slightly volatile
Common Stock Total Equity5.3 M6.9 M5.3 M
Slightly volatile
Short Term Investments1.7 B2.1 B1.9 B
Very volatile
Property Plant And Equipment Gross3.3 B3.1 B1.4 B
Slightly volatile
Total Current Assets3.3 B3.5 B16.7 B
Pretty Stable
Short Term Debt2.1 B2.2 B5.7 B
Very volatile
Intangible Assets190.1 M293.2 M180.5 M
Slightly volatile
Common Stock5.4 M6.9 M5.3 M
Slightly volatile
Property Plant Equipment734 M1.2 B737.7 M
Slightly volatile
Net Tangible Assets11.1 B15.3 B10.4 B
Slightly volatile
Long Term Debt Total24.7 B23.1 B22.5 B
Slightly volatile
Capital Surpluse4.4 B5.1 B4.1 B
Slightly volatile
Long Term Investments13 B13.7 B34.9 B
Slightly volatile
Non Current Liabilities Other227.2 M255.6 M278.3 M
Slightly volatile
Earning Assets6.2 B7.9 B5.1 B
Slightly volatile
Net Invested Capital24.9 B35.1 B33.3 B
Slightly volatile
Capital Stock987.4 M1.2 B739 M
Slightly volatile

Discover Financial Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense1.3 B860 M1.5 B
Pretty Stable
Total Revenue21.6 B20.6 B10.8 B
Slightly volatile
Gross Profit21.6 B20.6 B10.8 B
Slightly volatile
Other Operating Expenses17.5 B16.6 B6.3 B
Slightly volatile
Operating Income18 B17.1 B6.5 B
Slightly volatile
EBITDA159.6 M168 M4.5 B
Pretty Stable
Income Before Tax3.2 B3.8 B3.7 B
Slightly volatile
Net Income2.2 B2.9 B2.6 B
Slightly volatile
Income Tax Expense1 B886 M1.1 B
Very volatile
Depreciation And Amortization344 M187 M353.1 M
Slightly volatile
Selling General Administrative1.5 B2.4 B1.5 B
Slightly volatile
Selling And Marketing Expenses771.9 M1.2 B773.7 M
Slightly volatile
Net Income Applicable To Common Shares5.2 B4.9 B2.9 B
Slightly volatile
Net Income From Continuing Ops3 B3.6 B2.7 B
Slightly volatile
Tax Provision897.2 M1.1 B1.2 B
Slightly volatile
Net Interest Income10.1 B12.7 B8.4 B
Slightly volatile
Interest Income12.3 B16.8 B10.2 B
Slightly volatile
Reconciled Depreciation523.6 M491 M440.4 M
Slightly volatile

Discover Financial Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow4.5 B8.3 B4.7 B
Slightly volatile
Begin Period Cash Flow8.3 B8.9 B8.3 B
Slightly volatile
Depreciation344 M187 M353.1 M
Slightly volatile
Dividends Paid556.5 M752 M515.1 M
Slightly volatile
Capital Expenditures186.4 M303 M200.9 M
Slightly volatile
Total Cash From Operating Activities4.7 B8.6 B4.9 B
Slightly volatile
Net Income2.3 B2.9 B2.6 B
Slightly volatile
End Period Cash Flow8.9 B11.7 B8.9 B
Slightly volatile
Change To Netincome2.5 B2.7 B2.2 B
Slightly volatile
Issuance Of Capital Stock11.4 M12 M40.4 M
Pretty Stable

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.321.38553.1354
Slightly volatile
Dividend Yield0.03230.02630.0221
Pretty Stable
PTB Ratio1.721.92542.3711
Slightly volatile
Days Sales Outstanding1.4 K2.6 K2.2 K
Pretty Stable
Book Value Per Share61.358.37833.372
Slightly volatile
Free Cash Flow Yield0.260.28930.182
Slightly volatile
Invested Capital1.341.43861.8773
Pretty Stable
Operating Cash Flow Per Share35.433.712615.6847
Slightly volatile
PB Ratio1.721.92542.3711
Slightly volatile
EV To Sales3.61.85364.0123
Slightly volatile
Free Cash Flow Per Share34.1532.519715.046
Slightly volatile
ROIC0.380.36370.1451
Slightly volatile
Net Income Per Share12.1511.57487.7615
Slightly volatile
Payables Turnover4.15.05.3661
Pretty Stable
Sales General And Administrative To Revenue0.120.11810.1453
Pretty Stable
Cash Per Share29.654.244144.6775
Slightly volatile
POCF Ratio5.783.33415.9111
Slightly volatile
Interest Coverage20.8919.89885.733
Slightly volatile
Payout Ratio0.390.25580.2632
Pretty Stable
PFCF Ratio6.063.45646.2077
Slightly volatile
Days Payables Outstanding78.9175.5268.0157
Pretty Stable
Income Quality2.742.93152.1111
Slightly volatile
ROE0.160.19830.223
Pretty Stable
EV To Operating Cash Flow7.164.46057.6607
Slightly volatile
PE Ratio13.189.710711.8538
Pretty Stable
Return On Tangible Assets0.02110.01940.0272
Pretty Stable
EV To Free Cash Flow7.524.62428.0467
Slightly volatile
Earnings Yield0.080.1030.097
Slightly volatile
Intangibles To Total Assets0.00160.00170.0045
Slightly volatile
Current Ratio0.540.564171.5234
Slightly volatile
Tangible Book Value Per Share41.0254.606366.9866
Slightly volatile
Receivables Turnover0.110.12731.897
Pretty Stable
Graham Number12912375.5222
Slightly volatile
Shareholders Equity Per Share61.358.37833.372
Slightly volatile
Debt To Equity1.341.43861.8773
Pretty Stable
Revenue Per Share85.1881.12633.1021
Slightly volatile
Interest Debt Per Share91.7387.366165.9166
Slightly volatile
Debt To Assets0.160.14070.2213
Pretty Stable
Enterprise Value Over EBITDA23922737.0475
Slightly volatile
Short Term Coverage Ratios3.723.91187.7957
Slightly volatile
Price Earnings Ratio13.189.710711.8538
Pretty Stable
Price Book Value Ratio1.721.92542.3711
Slightly volatile
Days Of Payables Outstanding78.9175.5268.0157
Pretty Stable
Dividend Payout Ratio0.390.25580.2632
Pretty Stable
Price To Operating Cash Flows Ratio5.783.33415.9111
Slightly volatile
Price To Free Cash Flows Ratio6.063.45646.2077
Slightly volatile
Pretax Profit Margin0.280.18570.4102
Slightly volatile
Ebt Per Ebit0.210.22360.6565
Slightly volatile
Operating Profit Margin0.620.83050.6102
Slightly volatile
Effective Tax Rate0.360.23160.3137
Slightly volatile
Company Equity Multiplier6.3410.22458.3058
Slightly volatile
Long Term Debt To Capitalization0.420.56350.6077
Very volatile
Total Debt To Capitalization0.460.58990.6216
Pretty Stable
Return On Capital Employed0.170.11770.1144
Very volatile
Debt Equity Ratio1.341.43861.8773
Pretty Stable
Ebit Per Revenue0.620.83050.6102
Slightly volatile
Quick Ratio2.112.225175.9957
Slightly volatile
Dividend Paid And Capex Coverage Ratio20.0219.071318.0788
Very volatile
Net Income Per E B T0.540.76840.6792
Slightly volatile
Cash Ratio1.791.887112.5837
Slightly volatile
Operating Cash Flow Sales Ratio0.370.41560.4539
Slightly volatile
Days Of Sales Outstanding1.4 K2.6 K2.2 K
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.770.96460.9419
Pretty Stable
Cash Flow Coverage Ratios0.440.40140.2417
Slightly volatile
Price To Book Ratio1.721.92542.3711
Slightly volatile
Fixed Asset Turnover9.9818.887312.4021
Pretty Stable
Price Cash Flow Ratio5.783.33415.9111
Slightly volatile
Enterprise Value Multiple23922737.0475
Slightly volatile
Debt Ratio0.160.14070.2213
Pretty Stable
Cash Flow To Debt Ratio0.440.40140.2417
Slightly volatile
Price Sales Ratio1.321.38553.1354
Slightly volatile
Return On Assets0.0210.01940.0271
Pretty Stable
Asset Turnover0.130.13590.1025
Slightly volatile
Net Profit Margin0.180.14270.2767
Slightly volatile
Gross Profit Margin0.730.90.9583
Pretty Stable
Price Fair Value1.721.92542.3711
Slightly volatile
Return On Equity0.160.19830.223
Pretty Stable

Discover Financial Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap17 B24.4 B26.2 B
Pretty Stable
Enterprise Value14.4 B16.2 B17.7 B
Slightly volatile

Discover Fundamental Market Drivers

Forward Price Earnings10.8342
Cash And Short Term Investments13.8 B

Discover Upcoming Events

17th of April 2024
Upcoming Quarterly Report
View
17th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
15th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Discover Financial Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Discover Financial income statement, its balance sheet, and the statement of cash flows. Discover Financial investors use historical funamental indicators, such as Discover Financial's revenue or net income, to determine how well the company is positioned to perform in the future. Although Discover Financial investors may use each financial statement separately, they are all related. The changes in Discover Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Discover Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Discover Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Discover Financial. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue-20.2 M-21.2 M
Total Revenue20.6 B21.6 B
Cost Of Revenue368.1 M349.7 M
Stock Based Compensation To Revenue(0.02)(0.02)
Sales General And Administrative To Revenue 0.12  0.12 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.01)(0.02)
Revenue Per Share 81.13  85.18 
Ebit Per Revenue 0.83  0.62 

Pair Trading with Discover Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Discover Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Discover Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Discover Stock

  0.87CG Carlyle Group Earnings Call This WeekPairCorr

Moving against Discover Stock

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  0.68EFC Ellington Financial LLC Financial Report 13th of May 2024 PairCorr
The ability to find closely correlated positions to Discover Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discover Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Discover Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Discover Financial Services to buy it.
The correlation of Discover Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Discover Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discover Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Discover Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Discover Financial is a strong investment it is important to analyze Discover Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Discover Financial's future performance. For an informed investment choice regarding Discover Stock, refer to the following important reports:
How To Invest In Discover
Details
Is Discover Stock a good investment?
Details
What is Discover Financial's Net Worth?
Details
Largest Consumer Finance Companies
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Largest Financial Services Companies
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Check out the analysis of Discover Financial Correlation against competitors.
Note that the Discover Financial information on this page should be used as a complementary analysis to other Discover Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for Discover Stock analysis

When running Discover Financial's price analysis, check to measure Discover Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Discover Financial is operating at the current time. Most of Discover Financial's value examination focuses on studying past and present price action to predict the probability of Discover Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discover Financial's price. Additionally, you may evaluate how the addition of Discover Financial to your portfolios can decrease your overall portfolio volatility.
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Is Discover Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Discover Financial. If investors know Discover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Discover Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.69)
Dividend Share
2.8
Earnings Share
8.78
Revenue Per Share
39.45
Quarterly Revenue Growth
0.294
The market value of Discover Financial is measured differently than its book value, which is the value of Discover that is recorded on the company's balance sheet. Investors also form their own opinion of Discover Financial's value that differs from its market value or its book value, called intrinsic value, which is Discover Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Discover Financial's market value can be influenced by many factors that don't directly affect Discover Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Discover Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Discover Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Discover Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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