OverviewSuggest Edit

Discover Financial Services is a direct banking and payment services company. The Company provides direct banking products and services and payment services. It offers credit card loans, private student loans, personal loans, home equity loans and deposit products. The Company also operates the Discover Network, the PULSE network and Diners Club International. 

TypePublic
Founded1985
HQRiverwoods, US
Websitediscover.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)16,600
Job Openings434
Revenue (FY, 2018)$2 B(+4%)
Share Price (Dec 2019)$84.1

Key People/Management at Discover Financial Services

David Nelms

David Nelms

Chairman and Chief Executive Officer
Roger Hochschild

Roger Hochschild

President and Chief Operating Officer
R. Graf

R. Graf

Executive Vice President, Chief Financial Officer
Dan Capozzi

Dan Capozzi

Senior Vice President, Credit and Decision Management
Kelly Corley

Kelly Corley

Executive Vice President, General Counsel and Secretary
Brian Hughes

Brian Hughes

Executive Vice President, Chief Risk Officer
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Discover Financial Services Office Locations

Discover Financial Services has offices in Riverwoods, Albany, Houston, New Albany and in 2 other locations
Riverwoods, US (HQ)
2500 Lake Cook Rd
Albany, US
Albany, NY, USA
Houston, US
Houston, TX, USA
New Albany, US
New Albany, OH, USA
Phoenix, US
Phoenix, AZ, USA
West Valley City, US
West Valley City, UT, USA
Show all (6)

Discover Financial Services Financials and Metrics

Discover Financial Services Revenue

Discover Financial Services's revenue was reported to be $1.96 b in FY, 2018
USD

Revenue (Q3, 2019)

498.0m

Net income (Q3, 2019)

770.0m

Market capitalization (2-Dec-2019)

26.4b

Closing stock price (2-Dec-2019)

84.1

Cash (30-Sept-2019)

6.1b

EV

49.5b
Discover Financial Services's current market capitalization is $26.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.1b2.2b2.3b9.4b9.6b10.0b10.5b1.9b2.0b

Revenue growth, %

3%4%5%

Cost of goods sold

1.1b1.1b1.3b1.4b

Gross profit

8.2b8.5b8.7b9.1b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

764.8m2.2b2.3b2.5b2.3b2.3b2.4b2.1b2.7b

Depreciation and Amortization

64.0m59.7m63.0m395.0m435.0m

Accounts Payable

(269.0m)73.0m162.0m234.0m

Cash From Operating Activities

3.9b3.6b3.0b3.5b3.8b3.9b4.4b5.2b5.2b
USDY, 2019

EV/CFO

10.5 x

Financial Leverage

9.5 x
Show all financial metrics

Discover Financial Services Operating Metrics

Discover Financial Services's Total Loans was reported to be $78b in Q2, 2017. Discover Financial Services's Transactions' Volume was reported to be $83.5b in Q2, 2017.
Show all operating metrics

Discover Financial Services Revenue Breakdown

Embed Graph

Discover Financial Services revenue breakdown by business segment: 97.4% from Direct Banking and 2.6% from Other

Discover Financial Services Online and Social Media Presence

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Discover Financial Services News and Updates

Greene named CFO of Discover Financial Services

Discover Financial Services said Sept. 13 that John T. Greene was named executive vice president, chief financial officer and a member of the company’s executive committee effective Sept. 18. Greene succeeds R. Mark Graf, who will remain with the company as an executive adviser until his retirement …

Discover Financial Services Names Jennifer L. Wong to Board of Directors

RIVERWOODS, Ill.--( )-- Discover Financial Services announced today that Jennifer L. Wong, chief operating officer at Reddit, Inc., has joined the company’s Board of Directors.read more

Discover Financial Services Blogs

What Happens to Mortgage Rates When the Fed Cuts Rates?

Your guide to understanding how a Fed rate cut could impact your mortgage as a homeowner or prospective buyer.* The post What Happens to Mortgage Rates When the Fed Cuts Rates? appeared first on Discover Bank - Banking Topics Blog.

What You Need to Know to Pick a New Checking Account

Does your checking account still match your lifestyle? Here's how to find out. The post What You Need to Know to Pick a New Checking Account appeared first on Discover Bank - Banking Topics Blog.

Banking for Busy Parents: 4 Essential Checking Account Features

As a busy parent, your life is moving in all directions. Your checking account needs to keep pace. The post Banking for Busy Parents: 4 Essential Checking Account Features appeared first on Discover Bank - Banking Topics Blog.

5 Online Banking Myths Debunked

Put your online banking knowledge to the test and see if you've fallen for one of these common myths. The post 5 Online Banking Myths Debunked appeared first on Discover Bank - Banking Topics Blog.

How to Use Your Debit Card Cash Back to the Fullest

Ever wish you had money to play with? More cash to save? Here's how to make the most out of those extra dollars you earn. The post How to Use Your Debit Card Cash Back to the Fullest appeared first on Discover Bank - Banking Topics Blog.

The Difference Between Credit Cards and Debit Cards: Explained​​​

Learn when to swipe your credit card, and when to go debit all the way. The post The Difference Between Credit Cards and Debit Cards: Explained​​​ appeared first on Discover Bank - Banking Topics Blog.
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Discover Financial Services Frequently Asked Questions

  • When was Discover Financial Services founded?

    Discover Financial Services was founded in 1985.

  • Who are Discover Financial Services key executives?

    Discover Financial Services's key executives are David Nelms, Roger Hochschild and R. Graf.

  • How many employees does Discover Financial Services have?

    Discover Financial Services has 16,600 employees.

  • What is Discover Financial Services revenue?

    Latest Discover Financial Services annual revenue is $2 b.

  • What is Discover Financial Services revenue per employee?

    Latest Discover Financial Services revenue per employee is $117.8 k.

  • Who are Discover Financial Services competitors?

    Competitors of Discover Financial Services include Mastercard, Ally Financial and Visa.

  • Where is Discover Financial Services headquarters?

    Discover Financial Services headquarters is located at 2500 Lake Cook Rd, Riverwoods.

  • Where are Discover Financial Services offices?

    Discover Financial Services has offices in Riverwoods, Albany, Houston, New Albany and in 2 other locations.

  • How many offices does Discover Financial Services have?

    Discover Financial Services has 6 offices.