Discover Financial Services
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.
| Type | Public | |
| Founded | 1985 | |
| HQ | Riverwoods, US | Map |
| Website | discover.com | |
| Employee Ratings | More |
Key People/Management at Discover Financial Services
David Nelms
Chairman and Chief Executive Officer
Roger Hochschild
President and Chief Operating Officer
R. Graf
Executive Vice President, Chief Financial Officer
Dan Capozzi
Senior Vice President, Credit and Decision Management
Kelly Corley
Executive Vice President, General Counsel and Secretary
Brian Hughes
Executive Vice President, Chief Risk Officer
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
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.
- Source: SEC Filings
Annual
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 512.8m | 564.1m | 562.6m | 543.8m | 552.0m | 549.5m | 533.1m | 594.3m | 582.0m | 611.0m | 553.0m | 515.0m | 583.0m | 552.0m | 542.0m | 539.0m | 503.0m | 474.0m | 465.0m | 476.0m | 447.0m | 481.0m | 475.0m | 475.0m | 474.0m | 501.0m | 458.0m | 520.0m | 498.0m |
Sales and marketing expense | 98.0m | 130.5m | 135.7m | 124.2m | 133.4m | 131.4m | 119.0m | 160.5m | 169.0m | 185.0m | 174.0m | 169.0m | 168.0m | 182.0m | 182.0m | 199.0m | 168.0m | 162.0m | 198.0m | 195.0m | 168.0m | 192.0m | 203.0m | 185.0m | 224.0m | 218.0m | 195.0m | 224.0m | 230.0m |
R&D expense | 63.1m | 62.4m | 64.7m | 66.6m | 63.5m | 70.5m | 71.4m | 68.8m | 78.0m | 85.0m | 81.0m | 84.0m | 87.0m | 87.0m | 88.0m | 90.0m | 84.0m | 88.0m | 89.0m | 81.0m | 80.0m | 77.0m | 78.0m | 82.0m | 86.0m | 89.0m | 99.0m | 101.0m | 96.0m |
Operating expense total | 215.3m | 259.0m | 274.5m | 282.6m | 276.4m | 313.5m | 370.2m | 424.2m | 340.0m | 414.0m | 373.0m | 355.0m | 362.0m | 373.0m | 391.0m | 425.0m | 361.0m | 357.0m | 393.0m | 385.0m | 350.0m | 366.0m | 389.0m | 382.0m | 399.0m | 415.0m | 404.0m | 442.0m | 453.0m |
- Source: SEC Filings
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 5.1b | 2.8b | 3.9b | 6.6b | 7.3b | 9.6b | 11.9b | 13.3b | 13.3b |
Accounts Receivable | 45.5b | 55.1b | 59.3b | 65.8b | 70.0b | 72.4b | 77.3b | 81.6b | 87.5b |
PP&E | 460.7m | 483.3m | 534.0m | 654.0m | 670.0m | 693.0m | 734.0m | 825.0m | 936.0m |
Goodwill | 255.4m | 255.4m | 286.0m | 284.0m | 257.0m | 255.0m | 255.0m | 255.0m | 255.0m |
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 10.3b | 7.9b | 5.2b | 3.8b | 4.0b | 6.3b | 5.1b | 6.2b | 8.1b | 5.7b | 5.6b | 8.7b | 6.9b | 7.4b | 11.8b | 10.6b | 10.3b | 12.1b | 10.6b | 12.1b | 15.2b | 13.0b | 13.2b | 17.0b | 15.3b | 16.0b | 15.2b | 10.3b | 6.1b |
Accounts Receivable | 46.1b | 46.4b | 48.6b | 51.8b | 54.3b | 55.2b | 57.5b | 58.8b | 60.1b | 61.1b | 62.3b | 64.3b | 65.7b | 65.9b | 67.3b | 68.3b | 68.4b | 70.0b | 71.5b | 73.6b | 75.6b | 77.9b | 80.0b | 82.0b | 84.0b | 85.6b | 87.0b | 89.2b | |
PP&E | 469.0m | 456.9m | 459.0m | 471.1m | 465.9m | 486.5m | 492.4m | 519.6m | 572.0m | 607.0m | 639.0m | 668.0m | 665.0m | 661.0m | 678.0m | 688.0m | 684.0m | 706.0m | 708.0m | 722.0m | 750.0m | 774.0m | 800.0m | 848.0m | 874.0m | 896.0m | 980.0m | 1.0b | 1.0b |
Goodwill | 255.4m | 255.4m | 255.4m | 255.4m | 255.4m | 255.4m | 255.4m | 287.0m | 286.0m | 284.0m | 284.0m | 284.0m | 284.0m | 284.0m | 257.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m | 255.0m |
- Source: SEC Filings
Annual
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 154.5m | 415.1m | 464.9m | 1.1b | 1.7b | 631.0m | 1.2b | 1.8b | 673.0m | 1.3b | 1.9b | 631.0m | 1.3b | 1.9b | 586.0m | 1.2b | 1.8b | 575.0m | 1.2b | 1.8b | 564.0m | 1.1b | 1.7b | 666.0m | 1.3b | 2.1b | 726.0m | 1.5b | 2.2b |
Depreciation and Amortization | 37.5m | 57.9m | (21.0m) | (53.5m) | 66.3m | 23.0m | 46.6m | 70.9m | 25.0m | 56.0m | 247.0m | 90.0m | 181.0m | 274.0m | 95.0m | 193.0m | 291.0m | 84.0m | 176.0m | 262.0m | 93.0m | 188.0m | 289.0m | 107.0m | 216.0m | 326.0m | 99.0m | 202.0m | 315.0m |
Cash From Operating Activities | 2.4b | 2.7b | 1.3b | 2.3b | 2.8b | 1.0b | 1.5b | 2.2b | 1.5b | 2.1b | 2.5b | 1.1b | 1.8b | 2.8b | 1.1b | 1.7b | 2.8b | 1.2b | 1.8b | 3.1b | 1.0b | 2.0b | 3.6b | 1.2b | 2.8b | 4.4b | 2.3b | 3.9b | 4.7b |
Purchases of PP&E | (17.5m) | (29.5m) | (15.6m) | (49.9m) | (70.1m) | (26.4m) | (56.0m) | (104.7m) | (59.0m) | (117.0m) | (177.0m) | (43.0m) | (73.0m) | (102.0m) | (41.0m) | (88.0m) | (119.0m) | (46.0m) | (86.0m) | (132.0m) | (47.0m) | (103.0m) | (161.0m) | (58.0m) | (118.0m) | (177.0m) | (82.0m) | (151.0m) | (212.0m) |
- Source: SEC Filings
| USD | Y, 2019 |
|---|---|
EV/CFO | 10.5 x |
Financial Leverage | 9.5 x |
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.
| FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Transactions | 6.30 b | 1.48 b | 1.50 b | 1.49 b | 5.92 b | 1.33 b | 1.39 b | 1.41 b | 5.58 b | 1.37 b | 1.51 b |
Transactions' Volume | $321.74 b | $77.56 b | $78.56 b | $77.44 b | $312.40 b | $73.57 b | $76.55 b | $76.32 b | $306.58 b | $76.97 b | $83.45 b |
Total Loans | $70 b | $67.60 b | $69 b | $70.10 b | $72.40 b | $70.30 b | $71.90 b | $73.60 b | $77.30 b | $75.90 b | $78 b |
Countries | 185 | 185 | 185 |
Discover Financial Services Revenue Breakdown
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
99.19k Twitter followers
Discover Financial Services has 99.19k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.6% quarter over quarter
Discover Financial Services's Trends
Twitter Engagement Stats for @Discover
118.3k
Tweets
33
Following
99.2k
Followers
881
Tweets last 30 days
0.2
Avg. likes per Tweet
22%
Tweets with engagement
Discover Financial Services News and Updates
September 16, 2019
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 …
July 19, 2019
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
July 09, 2018
Why I No Longer Hold Discover Financial Services
Discover Financial Services Blogs
November 15, 2019
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.
October 25, 2019
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.
October 11, 2019
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.
October 07, 2019
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.
September 27, 2019
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.
September 09, 2019
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.
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.
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