Discover Historical Income Statement
| DFS Stock | USD 125.04 0.53 0.43% |
Historical analysis of Discover Financial income statement accounts such as Gross Profit of 21.6 B or Other Operating Expenses of 17.5 B can show how well Discover Financial Services performed in making a profits. Evaluating Discover Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Discover Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Discover Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Discover Financial is a good buy for the upcoming year.
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About Discover Income Statement Analysis
Discover Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Discover Financial shareholders. The income statement also shows Discover investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Discover Financial Income Statement Chart
Discover Financial Services Income Statement is one of the three primary financial statements used for reporting Discover's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Discover Financial revenue and expense. Discover Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Discover Financial's Depreciation And Amortization is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 5.2 B in 2024, whereas EBITDA is likely to drop slightly above 159.6 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Discover Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Discover Financial Services minus its cost of goods sold. It is profit before Discover Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Discover Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Discover Financial Services is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Discover Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Discover Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, Discover Financial's Depreciation And Amortization is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 5.2 B in 2024, whereas EBITDA is likely to drop slightly above 159.6 M in 2024.
| 2023 | 2024 (projected) | Total Revenue | 20.6B | 21.6B | Interest Expense | 860M | 1.3B |
Discover Financial income statement Correlations
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Discover Financial Account Relationship Matchups
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Discover Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 1.6B | 2.1B | 2.5B | 1.9B | 860M | 1.3B | |
| Total Revenue | 11.5B | 11.1B | 12.1B | 13.3B | 20.6B | 21.6B | |
| Gross Profit | 11.5B | 11.1B | 12.1B | 13.3B | 20.6B | 21.6B | |
| Other Operating Expenses | 2.1B | 2.0B | (5.0B) | 1.9B | 16.6B | 17.5B | |
| Operating Income | 3.8B | 1.4B | 7.1B | 7.6B | 17.1B | 18.0B | |
| Ebit | 3.8B | 1.4B | 7.1B | 7.6B | (19M) | (18.1M) | |
| Ebitda | 4.3B | 1.9B | 7.6B | 8.2B | 168M | 159.6M | |
| Total Operating Expenses | 2.1B | 2.0B | (5.0B) | 1.9B | 3.2B | 3.5B | |
| Income Before Tax | 3.8B | 1.4B | 7.1B | 5.7B | 3.8B | 3.2B | |
| Total Other Income Expense Net | 3.8B | 1.4B | 7.1B | (1.9B) | 3.8B | 4.0B | |
| Net Income | 3.0B | 1.1B | 5.4B | 4.4B | 2.9B | 2.2B | |
| Income Tax Expense | 878M | 294M | 1.6B | 1.4B | 886M | 1.0B | |
| Depreciation And Amortization | 436M | 485M | 531M | 561M | 187M | 344.0M | |
| Selling General Administrative | 1.7B | 1.9B | 2.0B | 2.1B | 2.4B | 1.5B | |
| Selling And Marketing Expenses | 883M | 659M | 810M | 1.0B | 1.2B | 771.9M | |
| Net Income Applicable To Common Shares | 3.0B | 1.1B | 5.4B | 4.3B | 4.9B | 5.2B | |
| Net Income From Continuing Ops | 3.0B | 1.1B | 5.4B | 4.4B | 3.6B | 3.0B | |
| Tax Provision | 878M | 294M | 1.6B | 1.4B | 1.1B | 897.2M | |
| Net Interest Income | 9.5B | 9.2B | 9.5B | 11.0B | 12.7B | 10.1B | |
| Interest Income | 12.0B | 11.1B | 10.7B | 12.9B | 16.8B | 12.3B | |
| Reconciled Depreciation | 436M | 485M | 531M | 561M | 491M | 523.6M |
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
| 0.71 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.71 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
Moving against Discover Stock
| 0.8 | FRHC | Freedom Holding Corp | PairCorr |
| 0.5 | DHIL | Diamond Hill Investment Earnings Call This Week | 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discover Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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 8.82 | Revenue Per Share 39.502 | Quarterly Revenue Growth 0.028 |
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.
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.