Discover Financial Services is a direct banking and payment services company. The Company provides direct banking products and services and payment services through our subsidiaries. Discover offers its customers credit card loans, private student loans, personal loans, home equity loans and deposit products. The Companyy also operates the Discover Network, the PULSE network and Diners Club International. The Discover Network processes transactions for Discover-branded credit cards and provides payment transaction processing and settlement services.
PULSE operates an electronic funds transfer network, providing financial institutions issuing debit cards on the PULSE network with access to ATMs domestically and internationally, as well as point-of-sale ("POS") terminals at retail locations throughout the U.S. for debit card transactions. Diners Club is a global payments network of licensees, which are generally financial institutions, that issue Diners Club branded charge cards and/or provide card acceptance services.
Company Growth (employees)
Key People at Discover Financial Services
David Nelms
Discover Financial Services Office Locations
Discover Financial Services Data and Metrics
Discover Financial Services Financial Metrics
Revenue (FY, 2016) | 10.5 b |
Revenue growth (FY, 2015 - FY, 2016), % | 5% |
Gross profit (FY, 2016) | 9.1 b |
Gross profit margin (FY, 2016), % | 87% |
Net income (FY, 2016) | 2.4 b |
EBIT (FY, 2016) | 5.4 b |
Market capitalization (20-Jul-2017) | 23.3 b |
Closing share price (20-Jul-2017) | 61.1 |
Cash (31-Dec-2016) | 11.9 b |
EV | 36.9 b |
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 9.4 b | 9.6 b | 10 b | 10.5 b |
Revenue growth, % | 3% | 4% | 5% | |
Cost of goods sold | 1.1 b | 1.1 b | 1.3 b | 1.4 b |
Gross profit | 8.2 b | 8.5 b | 8.7 b | 9.1 b |
Gross profit Margin, % | 88% | 88% | 87% | 87% |
EBIT | 4.8 b | 5 b | 5.2 b | 5.4 b |
EBIT margin, % | 52% | 52% | 52% | 51% |
Interest income | 5.9 b | 6.5 b | 6.7 b | 7.2 b |
Pre tax profit | 3.9 b | 3.7 b | 3.6 b | 3.7 b |
Net Income | 2.5 b | 2.3 b | 2.3 b | 2.4 b |
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 6.6 b | 7.3 b | 9.6 b | 11.9 b |
Accounts Receivable | 65.8 b | 70 b | 72.4 b | 77.3 b |
PP&E | 654 m | 670 m | 693 m | 734 m |
Goodwill | 284 m | 257 m | 255 m | 255 m |
Total Assets | 79.3 b | 83.1 b | 86.9 b | 92.3 b |
Total Debt | 20.6 b | 22.7 b | 24.7 b | 25.4 b |
Additional Paid-in Capital | 3.7 b | 3.8 b | 3.9 b | 4 b |
Retained Earnings | 9.6 b | 11.5 b | 13.3 b | 15.1 b |
Total Equity | 10.8 b | 11.1 b | 11.3 b | 11.3 b |
Debt to Equity Ratio | 1.9 x | 2 x | 2.2 x | 2.2 x |
Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x |
Financial Leverage | 7.3 x | 7.5 x | 7.7 x | 8.2 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 2.5 b | 2.3 b | 2.3 b | 2.4 b |
Accounts Payable | (269 m) | 73 m | 162 m | 234 m |
Cash From Operating Activities | 3.5 b | 3.8 b | 3.9 b | 4.4 b |
Purchases of PP&E | (231 m) | (145 m) | (168 m) | (179 m) |
Cash From Investing Activities | (3.2 b) | (4.2 b) | (2.9 b) | (4.9 b) |
Short-term Borrowings | (231 m) | (27 m) | (113 m) | |
Long-term Borrowings | (3.6 b) | (4.7 b) | (3.6 b) | (3.4 b) |
Dividends Paid | (399 m) | (467 m) | (515 m) | (514 m) |
Cash From Financing Activities | 3.6 b | 1.1 b | 1.3 b | 2.8 b |
Interest Paid | 975 m | 933 m | 1.1 b | 1.2 b |
Income Taxes Paid | 1.3 b | 1.4 b | 1.3 b | 1.3 b |
| USD | Y, 2016 |
|---|---|
EV/EBIT | 6.9 x |
EV/CFO | 8.3 x |
Revenue/Employee | 686.4 k |
Debt/Equity | 2.2 x |
Debt/Assets | 0.3 x |
Financial Leverage | 8.2 x |
