Discover Financial Services

Consumer Credit CardsFounded 1985

Market Data Current As Of: September 12, 2026

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Discover Financial Services

Consumer Credit CardsFounded 1985

Reviewed by Swet Parvadiya

Last reviewed: September 12, 2026

Market Data Current As Of: September 12, 2026

Financial Performance

Discover Financial Services Revenue & Financials

Name: Discover Financial Services Annual Revenue History
Creator: CorpDigest
License: https://corpdigest.com/terms

Revenue

$15.8B

Market Cap

$35.3B

Net Income

$3.0B

Employees

21,000

Financial Analysis

Discover represents one of the most profitable, capital-efficient direct banks in American financial history. Spun off from Morgan Stanley in 2007 as an independent public company (NYSE: DFS), Discover expanded its loan receivables past $100 billion while consistently returning billions to shareholders via dividends and share buybacks. In February 2024, Capital One Financial Corporation announced an agreement to acquire Discover in an all-stock transaction valued at $35.3 billion. In 2026, Discover generated over $15.8 billion in net revenue, with net income exceeding $3.0 billion and return on equity (ROE) consistently above 22%.

Revenue Trend Analysis

YoY Change

+4.6%

8-Year CAGR

+5%

Peak Year

2026

Trend

Consistent Growth

Discover Financial Services has reported revenue across 5 fiscal years, compounding at +5% annually over 8 years. The most recent year saw a 4.6% increase versus the prior year. Revenue peaked in 2026 at $15.8B. Out of 4 reported periods, 4 showed growth and 0 showed a decline.

Annual Revenue History

Fiscal Year	Revenue	Net Income	YoY Change
FY2026	$15.8B	$3.0B	+4.6%
FY2024	$15.1B	—	+13.2%
FY2022	$13.3B	—	+20.2%
FY2020	$11.1B	—	+3.7%
FY2018	$10.7B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Click any row to see year details.

Discover Financial Services Revenue and Financial FAQ

What was Discover Financial Services's reported annual revenue for FY2026?

Discover Financial Services reported approximately $15.8B in fiscal year 2026 with a team of 21,000 employees worldwide.

How does Discover Financial Services allocate capital and manage operating margins?

Discover Financial Services strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.

What is the long-term financial outlook for Discover Financial Services in Consumer Credit Cards, Digital Direct Banking, Global Payment Networks & Lending?

Financial performance in Consumer Credit Cards, Digital Direct Banking, Global Payment Networks & Lending is driven by steady cash generation and pricing power, enabling Discover Financial Services to reinvest in high-return strategic initiatives.

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CorpDigest. "Discover Financial Services Revenue & Financials." CorpDigest, https://corpdigest.com/company/discover-financial-services/financials.

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<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Discover Financial Services reported $16B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/discover-financial-services/financials" target="_blank" rel="noopener">CorpDigest — Discover Financial Services financials</a></div>

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Financial Analysis

Fiscal Year

Revenue

Net Income

YoY Change

FY2026

$15.8B

$3.0B

+4.6%

FY2024

$15.1B

—

+13.2%

FY2022

$13.3B

—

+20.2%

FY2020

$11.1B

—

+3.7%

FY2018

$10.7B

—

Discover Financial Services Revenue and Financial FAQ

What was Discover Financial Services's reported annual revenue for FY2026?

Discover Financial Services reported approximately $15.8B in fiscal year 2026 with a team of 21,000 employees worldwide.

How does Discover Financial Services allocate capital and manage operating margins?

Discover Financial Services strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.

What is the long-term financial outlook for Discover Financial Services in Consumer Credit Cards, Digital Direct Banking, Global Payment Networks & Lending?

Cite or embed this data

Using these figures? Please credit CorpDigest with a link.

Cite this page

CorpDigest. "Discover Financial Services Revenue & Financials." CorpDigest, https://corpdigest.com/company/discover-financial-services/financials.

Embed this data

<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Discover Financial Services reported $16B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/discover-financial-services/financials" target="_blank" rel="noopener">CorpDigest — Discover Financial Services financials</a></div>