Discover Financial Services

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)
Type
Public
HQ
Riverwoods, US
Founded
1985
Size (employees)
15,549 (est)
Discover Financial Services was founded in 1985 and is headquartered in Riverwoods, US

Key People at Discover Financial Services

David Nelms

David Nelms

Chairman and Chief Executive Officer

Discover Financial Services Office Locations

Discover Financial Services has offices in Riverwoods, Houston, Albany, New Albany and in 2 other locations
Riverwoods, US (HQ)
2500 Lake Cook Rd
Show all (6)

Discover Financial Services Data and Metrics

Discover Financial Services Financial Metrics

Discover Financial Services's revenue was reported to be $10.5 b in FY, 2016 which is a 5% increase from the previous period.
USD

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
Discover Financial Services's current market capitalization is $23.3 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9.4 b9.6 b10 b10.5 b

Revenue growth, %

3%4%5%

Cost of goods sold

1.1 b1.1 b1.3 b1.4 b

Gross profit

8.2 b8.5 b8.7 b9.1 b

Gross profit Margin, %

88%88%87%87%

EBIT

4.8 b5 b5.2 b5.4 b

EBIT margin, %

52%52%52%51%

Interest income

5.9 b6.5 b6.7 b7.2 b

Pre tax profit

3.9 b3.7 b3.6 b3.7 b

Net Income

2.5 b2.3 b2.3 b2.4 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.6 b7.3 b9.6 b11.9 b

Accounts Receivable

65.8 b70 b72.4 b77.3 b

PP&E

654 m670 m693 m734 m

Goodwill

284 m257 m255 m255 m

Total Assets

79.3 b83.1 b86.9 b92.3 b

Total Debt

20.6 b22.7 b24.7 b25.4 b

Additional Paid-in Capital

3.7 b3.8 b3.9 b4 b

Retained Earnings

9.6 b11.5 b13.3 b15.1 b

Total Equity

10.8 b11.1 b11.3 b11.3 b

Debt to Equity Ratio

1.9 x2 x2.2 x2.2 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x

Financial Leverage

7.3 x7.5 x7.7 x8.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.5 b2.3 b2.3 b2.4 b

Accounts Payable

(269 m)73 m162 m234 m

Cash From Operating Activities

3.5 b3.8 b3.9 b4.4 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 b1.1 b1.3 b2.8 b

Interest Paid

975 m933 m1.1 b1.2 b

Income Taxes Paid

1.3 b1.4 b1.3 b1.3 b
USDY, 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

Discover Financial Services Market Value History

Discover Financial Services Online and Social Media Presence

Discover Financial Services News and Updates

Discover Financial Services Company Life and Culture

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