Discover Financial Services
Financial Performance
Discover Financial Services Revenue & Financials
Revenue
$17.9B (FY2024)
Net Income
$4.5B
Employees
21,000
What is Discover Financial Services's revenue?
Discover Financial Services had $17.9B in revenue for fiscal year 2024, up 13.4% from 2023. Net income was $4.5B.
- Latest revenue
- $17.9B (FY2024)
- Year-over-year
- +13.4%
- Growth rate (CAGR)
- 12.7% over 4 years
- Peak revenue
- $17.9B (FY2024)
- Years of data
- 5
- Employees
- 21,000
- How much profit does Discover Financial Services make?
- Discover Financial Services reported net income of $4.5B for fiscal year 2024. sec.gov
- How many employees does Discover Financial Services have?
- Discover Financial Services has about 21,000 employees.
Financial Analysis
Discover's reported revenue net of interest expense rose from $11.1 billion in 2020 to $17.9 billion in 2024. Net income was $4.5 billion in 2024 ($17.72 per diluted share), helped by a $381 million gain on the sale of its private student loan portfolio, after falling to $2.8 billion in 2023 when credit costs rose and the card misclassification issue surfaced. Total loans ended 2024 at $121.1 billion, including $102.8 billion of card loans. Discover stopped filing standalone annual reports after the May 2025 acquisition; its results are now reported inside Capital One. Discover Financial Services is a major American financial brand, sustaining a market valuation typically exceeding $30 billion.
Revenue Trend Analysis
YoY Change
+13.4%
4-Year CAGR
+12.7%
Peak Year
2024
Trend
Consistent Growth
Discover Financial Services has 5 full fiscal year figures on this page, compounding at +12.7% annually over 4 years. The most recent year saw a 13.4% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $17.9B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2024 | $17.9B | $4.5B | +13.4% | Discover Financial Services annual report (SEC EDGAR) Revenue net of interest expense (net interest income plus non-interest income), from the 10-K filed 2025-02-20. Last full year before Capital One acquired Discover in May 2025. |
| FY2023 | $15.8B | $2.8B | +19.5% | Discover Financial Services annual report (SEC EDGAR) Revenue net of interest expense (net interest income plus non-interest income), from the 10-K filed 2025-02-20. |
| FY2022 | $13.2B | $4.3B | +9.7% | Discover Financial Services annual report (SEC EDGAR) Revenue net of interest expense (net interest income plus non-interest income), from the 10-K filed 2025-02-20. |
| FY2021 | $12.1B | $5.4B | +8.7% | Discover Financial Services annual report (SEC EDGAR) Revenue net of interest expense (net interest income plus non-interest income), from the 10-K filed 2024-02-23. |
| FY2020 | $11.1B | $1.1B | — | Discover Financial Services annual report (SEC EDGAR) Revenue net of interest expense (net interest income plus non-interest income), from the 10-K filed 2023-02-23. |
Click any row to see year details.
Keep researching Discover Financial Services
Discover Financial Services Revenue and Financial FAQ
What is Discover Financial Services' annual net revenue and loan portfolio size?
Discover Financial Services reported revenue of $17.9 billion for fiscal year 2024, up from $15.8 billion in fiscal 2023.
What is Discover's dividend and share repurchase history?
Discover has a long history of returning capital to shareholders through quarterly cash dividends and share buyback programs, returning billions of dollars to investors prior to entering the Capital One merger agreement.
What were the financial terms of Capital One's acquisition of Discover?
Discover shareholders received 1.0192 Capital One shares per Discover share. The deal was valued at $35.3 billion at announcement and $51.8 billion fair value at the May 18, 2025 closing.
What were Discover's loans at the end of 2024?
Total loans were $121.1 billion at December 31, 2024, down 6% after the student loan sale, including $102.8 billion of credit card loans, up 1% year over year.
Does Discover still report its own earnings?
No. Since the May 2025 acquisition, Discover's results are reported inside Capital One. In Q2 2026, legacy Discover purchase volume grew just under 2% and Discover card loans fell 1.5% year over year.
Is Capital One buying Discover?
Yes, in early 2024, Capital One announced a massive, industry-shaking $35 billion all-stock deal to acquire Discover. If approved by regulators, it will create the largest credit card issuer in the United States, directly challenging the Visa/Mastercard duopoly.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Discover Financial Services Revenue & Financials." CorpDigest, https://corpdigest.com/company/discover-financial-services/financials.<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 $17.9B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/discover-financial-services/financials" target="_blank" rel="noopener">CorpDigest — Discover Financial Services financials</a></div>Related Financial Audits
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