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.

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Riverwoods, US
Size (employees)
15,549 (est)
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

David Nelms

Chairman and Chief Executive Officer
Roger Hochschild

Roger Hochschild

President and Chief Operating Officer
R. Graf

R. Graf

Executive Vice President, Chief Financial Officer
Dan Capozzi

Dan Capozzi

Senior Vice President, Credit and Decision Management
Kelly Corley

Kelly Corley

Executive Vice President, General Counsel and Secretary
Brian Hughes

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.

Revenue (FY, 2016)

10.5 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

9.1 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

2.4 b

EBIT (FY, 2016)

5.4 b

Market capitalization (20-Apr-2018)

27.4 b

Cash (31-Dec-2016)

11.9 b


41 b
Discover Financial Services's current market capitalization is $27.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


9.4 b9.6 b10 b10.5 b

Revenue growth, %


Cost of goods sold

1.1 b1.1 b1.3 b1.4 b

Gross profit

8.2 b8.5 b8.7 b9.1 b
USDQ3, 2013

Net Income

593 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


6.6 b7.3 b9.6 b11.9 b

Accounts Receivable

65.8 b70 b72.4 b77.3 b


654 m670 m693 m734 m


284 m257 m255 m255 m
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)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

1.2 b1.8 b575 m1.2 b1.8 b564 m1.1 b1.7 b

Depreciation and Amortization

193 m291 m84 m176 m262 m93 m188 m289 m

Accounts Payable

41 m

Cash From Operating Activities

1.7 b2.8 b1.2 b1.8 b3.1 b1 b2 b3.6 b
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Discover Financial Services Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017


1.60 m1.80 m1.90 m


185 185 185


80 80 90


6.30 b1.48 b1.50 b1.49 b5.92 k1.33 b1.39 b1.41 b5.58 b1.37 b1.51 b
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