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Discover Financial Services

Country
United States
Sector
Financial Services
Industry
Credit Services
Employees
21,000
Ticker
DFS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Discover Financial Services is a prominent player in the financial services industry, specializing in providing a diverse range of banking and payment services. Known primarily for its credit card ser...

Discover Financial Services's Financial Statements Preview

Below are the financial statements of Discover Financial Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of USD
2024
2023
2022
Interest income
Credit card loans
16,109a
14,438a
10,632a
Other loans
2,729a
2,515a
1,870a
Investment securities
521a
449a
179a
Other interest income
661a
443a
183a
Total interest income
20,020a
17,845a
12,864a
Interest expense
Deposits
-4,772a
-3,886a
-1,257a
Short-term borrowings
-19a
-5a
-2a
Long-term borrowings
-933a
-855a
-606a
Total interest expense
-5,724a
-4,746a
-1,865a
Net interest income
14,296a
13,099a
10,999a
Provision for credit losses
-4,911a
-6,018a
-2,359a
Net interest income after provision for credit losses
9,385a
7,081a
8,640a
Other income
Discount and interchange revenue, net
1,520a
1,381a
1,303a
Protection products revenue
169a
172a
172a
Loan fee income
819a
763a
632a
Transaction processing revenue
345a
303a
249a
Losses on equity investments
-2a
-9a
-214a
Other income
763a
85a
75a
Total other income
3,614a
2,695a
2,217a
Other expense
Employee compensation and benefits
-2,824a
-2,434a
-2,139a
Marketing and business development
-1,070a
-1,164a
-1,035a
Information processing and communications
-735a
-608a
-513a
Professional fees
-1,274a
-1,041a
-871a
Premises and equipment
-93a
-89a
-118a
Other expense
-929a
-803a
-540a
Total other expense
-6,925a
-6,139a
-5,216a
Income before income taxes
6,074a
3,637a
5,641a
Income tax expense
-1,539a
-841a
-1,325a
Net income
4,535a
2,796a
4,316a
Net income allocated to common stockholders
4,446a
2,715a
4,228a
Limited Data Preview
You are viewing a limited preview of Discover Financial Services’s income statement data. The reported financial values are complete. The full dataset, available for download, additionally includes structured metadata for each line item, such as line item role (line item, subtotal, total) and financial classification (e.g., assets, liabilities, equity, revenue, expenses).
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Verified Sources Behind Discover Financial Services’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Discover Financial Services’s data sources below and access millions more through our Disclosure Search.

a. Discover Financial Services's 10-K 2024
Real-Time & Standardized Financials

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