Discover Financial Services

Country

United States

Sector

Financial Services

Industry

Credit Services

Employees

21,000

Ticker

DFS

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.discover.com

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... Show more

Financial Statements of Discover Financial Services

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Credit card loans	16,109^a	14,438^a	10,632^a
Other loans	2,729^a	2,515^a	1,870^a
Investment securities	521^a	449^a	179^a
Other interest income	661^a	443^a	183^a
Total interest income	20,020^a	17,845^a	12,864^a
Interest expense	—	—	—
Deposits	-4,772^a	-3,886^a	-1,257^a
Short-term borrowings	-19^a	-5^a	-2^a
Long-term borrowings	-933^a	-855^a	-606^a
Total interest expense	-5,724^a	-4,746^a	-1,865^a
Net interest income	14,296^a	13,099^a	10,999^a
Provision for credit losses	-4,911^a	-6,018^a	-2,359^a
Net interest income after provision for credit losses	9,385^a	7,081^a	8,640^a
Other income	—	—	—
Discount and interchange revenue, net	1,520^a	1,381^a	1,303^a
Protection products revenue	169^a	172^a	172^a
Loan fee income	819^a	763^a	632^a
Transaction processing revenue	345^a	303^a	249^a
Losses on equity investments	-2^a	-9^a	-214^a
Other income	763^a	85^a	75^a
Total other income	3,614^a	2,695^a	2,217^a
Other expense	—	—	—
Employee compensation and benefits	-2,824^a	-2,434^a	-2,139^a
Marketing and business development	-1,070^a	-1,164^a	-1,035^a
Information processing and communications	-735^a	-608^a	-513^a
Professional fees	-1,274^a	-1,041^a	-871^a
Premises and equipment	-93^a	-89^a	-118^a
Other expense	-929^a	-803^a	-540^a
Total other expense	-6,925^a	-6,139^a	-5,216^a
Income before income taxes	6,074^a	3,637^a	5,641^a
Income tax expense	-1,539^a	-841^a	-1,325^a
Net income	4,535^a	2,796^a	4,316^a
Net income allocated to common stockholders	4,446^a	2,715^a	4,228^a

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

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Financial Statements of Discover Financial Services

Verified Sources Behind Discover Financial Services’s Financial Fundamentals Data

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