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/Management 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 Financials and Metrics

Discover Financial Services Financials

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 (13-Nov-2017)

24.1 b
Discover Financial Services's current market capitalization is $24.1 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
USDQ3, 2013

Net Income

593 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 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
Show all financial metrics

Discover Financial Services Operating Metrics

Discover Financial Services's Total Loans Issued was reported to be $78 b in Q2, 2017. Discover Financial Services's Transactions' Volume was reported to be $83.5 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Transactions

6.3 b1.48 b1.5 b1.49 b5.92 k1.33 b1.39 b1.41 b5.58 b1.37 b1.51 b

Countries

185185185

ATMs

1.6 m1.8 m1.9 m

Total Loans Issued

$70 b$67.6 b$69 b$70.1 b$72.4 b$70.3 b$71.9 b$73.6 b$77.3 b$75.9 b$78 b
Show all operating metrics

Discover Financial Services Market Value History

Discover Financial Services Revenue Breakdown

Discover Financial Services's Web-traffic and Trends

Discover Financial Services Online and Social Media Presence

Discover Financial Services Company Life and Culture

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