OverviewSuggest Edit

Discover Financial Services is a direct banking and payment services company. It provides direct banking services, payment services, 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, collectively known as the Discover Global Network. The Discover Network processes transactions for Discover-branded credit and debit 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 merchant acceptance 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.

TypePublic
Founded1985
HQRiverwoods, IL, US
Websitediscover.com
Employee Ratings4
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)17,600(+3%)
Job Openings377
Revenue (FY, 2020)$13 B(-7%)
Share Price (Jun 2021)$123.2
Cybersecurity ratingBMore

Key People/Management at Discover

Wanji Walcott

Wanji Walcott

Executive Vice President, Chief Legal Officer and General Counsel
Jen Wong

Jen Wong

Director – Risk Oversight Committee
Roger C. Hochschild

Roger C. Hochschild

Director, Chief Executive Officer and President
Jeffrey S. Aronin

Jeffrey S. Aronin

Director - Compensation and Leadership Development Committee
John T. Greene

John T. Greene

Executive Vice President, Chief Financial Officer
Gregory C. Case

Gregory C. Case

Director - Compensation and Leadership Development Committee (Chair)
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Discover Office Locations

Discover has an office in Riverwoods
Riverwoods, IL, US (HQ)
2500 Lake Cook Rd
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Discover Financials and Metrics

Discover Revenue

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Discover's revenue was reported to be $12.95 b in FY, 2020 which is a 7.4% decrease from the previous period.
USD

Revenue (Q1, 2021)

3.1b

Gross profit (Q1, 2021)

2.8b

Gross profit margin (Q1, 2021), %

89.8%

Net income (Q1, 2021)

1.6b

Market capitalization (11-Jun-2021)

37.7b

Closing stock price (11-Jun-2021)

123.2

Cash (31-Mar-2021)

20.3b

EV

38.4b
Discover's current market capitalization is $37.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

12.8b14.0b13.0b

Revenue growth, %

9%(7%)

Cost of goods sold

2.1b2.5b1.9b

Gross profit

10.7b11.5b11.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.4b3.5b3.5b3.5b3.1b3.1b3.1b

Cost of goods sold

632.0m645.0m638.0m584.0m482.0m416.0m316.0m

Gross profit

2.8b2.9b2.9b2.9b2.7b2.7b2.8b

Gross profit Margin, %

81%82%82%83%85%87%90%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

13.3b6.9b13.6b

Accounts Receivable

87.5b92.5b82.2b

PP&E

936.0m1.1b1.0b

Goodwill

255.0m255.0m255.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

15.2b10.3b6.1b10.0b15.1b9.5b20.3b

Accounts Receivable

85.6b87.0b89.2b86.1b80.7b80.4b79.0b

PP&E

980.0m1.0b1.0b1.1b1.1b1.1b1.0b

Goodwill

255.0m255.0m255.0m255.0m255.0m255.0m255.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.7b3.0b1.1b

Depreciation and Amortization

435.0m436.0m485.0m

Cash From Operating Activities

5.2b6.2b6.2b

Purchases of PP&E

(254.0m)(284.0m)(261.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

726.0m1.5b2.2b(61.0m)(429.0m)342.0m1.6b

Depreciation and Amortization

99.0m202.0m315.0m123.0m246.0m362.0m119.0m

Cash From Operating Activities

2.3b3.9b4.7b1.7b3.3b4.6b1.5b

Purchases of PP&E

(82.0m)(151.0m)(212.0m)(59.0m)(153.0m)(206.0m)(41.0m)
USDFY, 2018

EV/CFO

6.4 x

Revenue/Employee

776.3k

Debt/Equity

2.4 x

Debt/Assets

0.2 x

Financial Leverage

9.8 x

P/E Ratio

7.6
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Discover Operating Metrics

Discover's Transaction Volume was reported to be $115.1b in Q1, 2021. Discover's Total Loans was reported to be $86.3b in Q1, 2021.
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Discover Acquisitions / Subsidiaries

Company NameDateDeal Size
Home Loan CenterMay 12, 2011$55.9 m
Student Loan CorporationDecember 31, 2010
First National Bank AlaskaOctober 13, 2010
Diners Club InternationalJuly 01, 2008
DFS Corporate Services LLC
DFS GSD Corp.
DFS International Inc.
DFS Services LLC
Diners Club International Ltd.
Diners Club Services Private Limited
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Discover Revenue Breakdown

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Discover revenue breakdown by business segment: 96.9% from Direct Banking and 3.1% from Other

Human Capital Metrics

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Discover Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Discover Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Discover Online and Social Media Presence

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Discover Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A+

    77/100

  • Compensation

    B

    73/100

  • Diversity

    C

    64/100

Learn more on Comparably

Discover News and Updates

Thinking about trading options or stock in Dow, SmileDirectClub, Discover Financial Services, Coca-Cola, or Dollar General?

NEW YORK, Oct. 22, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DOW, SDC, DFS, KO, and DG. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different options...

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 Blogs

How to Save More Money in the Stay-at-Home Economy by Focusing on What Matters Most

Have you been spending lots of time at home? Creating a household budget can help you get a handle on where you’re spending—and where you can find ways to save. The post How to Save More Money in the Stay-at-Home Economy by Focusing on What Matters Most appeared first on Discover Bank - Banking Top…

4 Quarantine Money Lessons to Turn New Habits into Long-term Savings Strategies

The COVID-19 pandemic transformed spending behaviors overnight. Here are some post-lockdown smart savings tips to take from quarantine. The post 4 Quarantine Money Lessons to Turn New Habits into Long-term Savings Strategies appeared first on Discover Bank - Banking Topics Blog.

How to Prepare for the End of Your Unemployment Benefits

If you’re nearing the end of your unemployment benefits, don’t worry. Here are your options for what to do when your unemployment runs out. The post How to Prepare for the End of Your Unemployment Benefits appeared first on Discover Bank - Banking Topics Blog.

How to Handle a Pay Cut: Budgeting in Uncertain Times

Are you stressed by an income reduction? Try these budgeting tips to survive a pay cut and thrive during this challenging time. The post How to Handle a Pay Cut: Budgeting in Uncertain Times appeared first on Discover Bank - Banking Topics Blog.

Planning a Home Office? Check Out These Budget-Friendly Tips

When you’re setting up a home office for remote work, keep these key principles from ergonomic experts in mind. Your body—and your productivity—will thank you. The post Planning a Home Office? Check Out These Budget-Friendly Tips appeared first on Discover Bank - Banking Topics Blog.

How to Find a Job in a Recession: Smart Strategies for Experienced Professionals and New Grads

Whether you’ve lost your job or are a recent graduate entering the workforce, these tips from career experts can help you pursue career opportunities during a recession. The post How to Find a Job in a Recession: Smart Strategies for Experienced Professionals and New Grads appeared first on Discove…
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Discover Frequently Asked Questions

  • When was Discover founded?

    Discover was founded in 1985.

  • Who are Discover key executives?

    Discover's key executives are Wanji Walcott, Jen Wong and Roger C. Hochschild.

  • How many employees does Discover have?

    Discover has 17,600 employees.

  • What is Discover revenue?

    Latest Discover annual revenue is $13 b.

  • What is Discover revenue per employee?

    Latest Discover revenue per employee is $736 k.

  • Who are Discover competitors?

    Competitors of Discover include Capital One, Mastercard and Ally Financial.

  • Where is Discover headquarters?

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

  • Where are Discover offices?

    Discover has an office in Riverwoods.

  • How many offices does Discover have?

    Discover has 1 office.