Discover Financial Services

Financial Services banks fintech lending payments

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.

Revenue(FY, 2016)

$10.5 B

Market capitalization(2018-06-14)

$26.2 B

Type

Public

Riverwoods, US

Founded

1985

Size (employees)

15,549 (est)

Website

discover.com

Discover Financial Services was founded in 1985 and is headquartered in Riverwoods, US

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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

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Discover Financial Services Office Locations

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

Riverwoods, US (HQ)

2500 Lake Cook Rd

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Discover Financial Services Financials and Metrics

Discover Financial Services Financials

Discover Financial Services's revenue was reported to be $10.50 b in FY, 2016 which is a 4.9% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	3 b
Gross profit (Q1, 2018)	2.6 b
Gross profit margin (Q1, 2018), %	84.6%
Net income (Q1, 2018)	666 m
EBIT (Q1, 2018)	1.3 b
Market capitalization (14-Jun-2018)	26.2 b
Closing share price (14-Jun-2018)	75.2
Cash (31-Mar-2018)	17 b
EV	35.5 b

Discover Financial Services's current market capitalization is $26.2 b.

Source: SEC Filings

Income Statement

Annual

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

Quarterly

USD	Q3, 2013	Q1, 2018
Revenue		3 b
Cost of goods sold		469 m
Gross profit		2.6 b
Gross profit Margin, %		85%

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Source: SEC Filings

Balance Sheet

Annual

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

Quarterly

USD	Q1, 2018
Cash	17 b
PP&E	848 m
Goodwill	255 m
Total Assets	102 b

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Cash Flow

Annual

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)

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	1.2 b	1.8 b	575 m	1.2 b	1.8 b	564 m	1.1 b	1.7 b	666 m
Depreciation and Amortization	193 m	291 m	84 m	176 m	262 m	93 m	188 m	289 m	107 m
Accounts Payable								41 m
Cash From Operating Activities	1.7 b	2.8 b	1.2 b	1.8 b	3.1 b	1 b	2 b	3.6 b	1.2 b