Company research
Discover Financial Services
CIK 1393612Updated Sep 24, 2026
Filing activity
Latest filing
50 filings on record · 15-15D, 15-12G, 4, S-8 POS, POSASR, 8-K.
Recent filings
Financials
FY 2024 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 147,640,000,000Source | 133,290,000,000Source | 131,628,000,000Source | 110,242,000,000Source |
| Property, Plant and Equipment, NetUSD | 1,072,000,000Source | — | 1,003,000,000Source | 983,000,000Source |
| GoodwillUSD | 255,000,000Source | — | 255,000,000Source | 255,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | 0Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 8,474,000,000Source | — | 8,856,000,000Source | 8,750,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 129,714,000,000Source | 119,692,000,000Source | 117,038,000,000Source | 96,834,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 1,056,000,000Source | — | 1,056,000,000Source | 1,056,000,000Source |
| Common Stock, Value, IssuedUSD | 6,000,000Source | — | 6,000,000Source | 6,000,000Source |
| Additional Paid in CapitalUSD | 4,651,000,000Source | — | 4,468,000,000Source | 4,369,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 33,583,000,000Source | 28,575,000,000Source | 28,453,000,000Source | 24,766,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -296,000,000Source | — | -339,000,000Source | -94,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 17,926,000,000Source | 13,598,000,000Source | 14,590,000,000Source | 13,408,000,000Source |
| Liabilities and EquityUSD | 147,640,000,000Source | 133,290,000,000Source | 131,628,000,000Source | 110,242,000,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Deferred Income Tax Expense (Benefit)USD | 162,000,000Source | -671,000,000Source | -427,000,000Source | 327,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 8,425,000,000Source | 8,563,000,000Source | 7,140,000,000Source | 6,019,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,751,000,000Source | -21,491,000,000Source | -25,637,000,000Source | 40,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 268,000,000Source | 303,000,000Source | 236,000,000Source | 194,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 83,000,000Source | 1,938,000,000Source | 2,359,000,000Source | 2,260,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -7,903,000,000Source | 15,759,000,000Source | 16,062,000,000Source | -8,316,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,499,000,000Source | 11,728,000,000Source | 8,897,000,000Source | 11,332,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,690,000,000Source | 4,508,000,000Source | 1,666,000,000Source | 1,077,000,000Source |
| Income Taxes Paid, NetUSD | 1,180,000,000Source | 1,605,000,000Source | 1,865,000,000Source | 1,305,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 95,000,000Source | 74,000,000Source | 89,000,000Source | 103,000,000Source |
| Capitalized Computer Software, AmortizationUSD | 173,000,000Source | 113,000,000Source | 114,000,000Source | 103,000,000Source |
| Other Depreciation and Amortization | — | — | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | -2,000,000Source | -9,000,000Source | -214,000,000Source | — |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | — | 1,000,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | — | 423,000,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -65,000,000Source | -50,000,000Source | -261,000,000Source | 382,000,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 450,000,000Source | — | — | — |
| GoodwillUSD | 255,000,000Source | 255,000,000Source | 255,000,000Source | 255,000,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 95,000,000Source |
| Income Tax Expense (Benefit)USD | 1,539,000,000Source | 841,000,000Source | 1,350,000,000Source | 1,615,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 4,535,000,000Source | 2,796,000,000Source | 4,392,000,000Source | 5,449,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 4,446,000,000Source | 2,715,000,000Source | 4,304,000,000Source | 5,351,000,000Source |
| Other Interest and Dividend IncomeUSD | 661,000,000Source | 443,000,000Source | 183,000,000Source | 18,000,000Source |
| Proceeds from Issuance of Common StockUSD | 13,000,000Source | 12,000,000Source | 10,000,000Source | 9,000,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 2,217,000,000Source | 1,831,000,000Source | 2,084,000,000Source | 2,727,000,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 4,911,000,000Source | 6,018,000,000Source | 2,359,000,000Source | 218,000,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 4,951,000,000Source | 6,019,000,000Source | 2,369,000,000Source | 227,000,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 2,797,000,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 6,074,000,000Source | 3,637,000,000Source | 5,742,000,000Source | 7,064,000,000Source |
| Income Tax Expense (Benefit)USD | 1,539,000,000Source | 841,000,000Source | 1,350,000,000Source | 1,615,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 4,535,000,000Source | 2,796,000,000Source | 4,392,000,000Source | 5,449,000,000Source |
| Earnings Per Share, BasicUSD per share | 17.72Source | 10.71Source | 15.52Source | 17.85Source |
| Earnings Per Share, DilutedUSD per share | 17.72Source | 10.7Source | 15.5Source | 17.83Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 251,000,000Source | 254,000,000Source | 277,000,000Source | 300,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 251,000,000Source | 254,000,000Source | 278,000,000Source | 300,000,000Source |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 173,000,000Source | 113,000,000Source | 114,000,000Source | 103,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2.8Source | 2.7Source | 2.3Source | 1.88Source |
| Current Income Tax Expense (Benefit)USD | 1,377,000,000Source | 1,512,000,000Source | 1,777,000,000Source | 1,288,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 71,000,000Source | 74,000,000Source | 80,000,000Source | 86,000,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | — | 1,000,000Source |
| Interest ExpenseUSD | — | 4,746,000,000Source | 1,865,000,000Source | 1,134,000,000Source |
| InterestExpenseOperatingUSD | 5,724,000,000Source | — | — | — |
| Interest Income (Expense), NetUSD | 14,296,000,000Source | 13,099,000,000Source | 10,999,000,000Source | 9,517,000,000Source |
| Labor and Related ExpenseUSD | 2,824,000,000Source | 2,434,000,000Source | 2,139,000,000Source | 1,986,000,000Source |
| Marketing and Advertising ExpenseUSD | 1,070,000,000Source | 1,164,000,000Source | 1,035,000,000Source | 810,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 4,446,000,000Source | 2,715,000,000Source | 4,304,000,000Source | 5,351,000,000Source |
| Other Interest and Dividend IncomeUSD | 661,000,000Source | 443,000,000Source | 183,000,000Source | 18,000,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 62,000,000Source | 62,000,000Source | 62,000,000Source | — |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 27,000,000Source | 19,000,000Source | 26,000,000Source | — |
Filing attachments
dfs12312024ex992.htm · 425 · 2025-01-22
EX-99.2 3 dfs12312024ex992.htm EX-99.2 Document DISCOVER FINANCIAL SERVICES Exhibit 99.2 EARNINGS SUMMARY (unaudited, in millions, except per share statistics) …
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