Discover Financial Services (DFS) Revenue & Revenue Breakdown

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Discover Financial Services Revenue Highlights

Latest Revenue (Y)

$9.84B

Latest Revenue (Q)

$5.91B

Main Segment (Y)

Digital Banking

Main Geography (Y)

Direct Banking

Discover Financial Services Revenue by Period

Discover Financial Services Revenue by Year

Date	Revenue	Change
2023-12-31	$9.84B	-26.21%
2022-12-31	$13.34B	10.34%
2021-12-31	$12.09B	9.01%
2020-12-31	$11.09B	-3.24%
2019-12-31	$11.46B	7.00%
2018-12-31	$10.71B	8.20%
2017-12-31	$9.90B	8.77%
2016-12-31	$9.10B	4.12%
2015-12-31	$8.74B	3.09%
2014-12-31	$8.48B	3.08%
2013-12-31	$8.22B	6.94%
2012-11-30	$7.69B	8.85%
2011-11-30	$7.07B	6.11%
2010-11-30	$6.66B	-2.96%
2009-11-30	$6.86B	-

Discover Financial Services generated $9.84B in revenue during NA 2023, up -26.21% compared to the previous quarter, and up 91.90% compared to the same period a year ago.

Discover Financial Services Revenue by Quarter

Date	Revenue	Change
2024-09-30	$5.91B	-1.25%
2024-06-30	$5.99B	5.54%
2024-03-31	$5.67B	1.34%
2023-12-31	$5.60B	38.38%
2023-09-30	$4.04B	4.28%
2023-06-30	$3.88B	3.33%
2023-03-31	$3.75B	0.56%
2022-12-31	$3.73B	7.27%
2022-09-30	$3.48B	7.91%
2022-06-30	$3.22B	11.10%
2022-03-31	$2.90B	-1.16%
2021-12-31	$2.94B	5.73%
2021-09-30	$2.78B	-22.41%
2021-06-30	$3.58B	28.05%
2021-03-31	$2.79B	-1.03%
2020-12-31	$2.82B	4.05%
2020-09-30	$2.71B	1.95%
2020-06-30	$2.66B	-7.83%
2020-03-31	$2.89B	-1.90%
2019-12-31	$2.94B	1.52%
2019-09-30	$2.90B	1.68%
2019-06-30	$2.85B	3.22%
2019-03-31	$2.76B	-1.57%
2018-12-31	$2.81B	3.05%
2018-09-30	$2.72B	4.65%
2018-06-30	$2.60B	1.09%
2018-03-31	$2.58B	-1.49%
2017-12-31	$2.61B	3.52%
2017-09-30	$2.52B	4.38%
2017-06-30	$2.42B	3.42%
2017-03-31	$2.34B	-0.81%
2016-12-31	$2.36B	2.48%
2016-09-30	$2.30B	3.84%
2016-06-30	$2.22B	-0.36%
2016-03-31	$2.22B	0.86%
2015-12-31	$2.21B	0.78%
2015-09-30	$2.19B	0.60%
2015-06-30	$2.17B	0.18%
2015-03-31	$2.17B	6.58%
2014-12-31	$2.04B	-6.99%
2014-09-30	$2.19B	0.83%
2014-06-30	$2.17B	4.52%
2014-03-31	$2.08B	-2.40%
2013-12-31	$2.13B	3.25%
2013-09-30	$2.06B	1.03%
2013-06-30	$2.04B	2.46%
2013-03-31	$1.99B	-1.19%
2012-11-30	$2.02B	2.65%
2012-08-31	$1.96B	6.28%
2012-05-31	$1.85B	0.27%
2012-02-29	$1.84B	2.05%
2011-11-30	$1.81B	0.95%
2011-08-31	$1.79B	-9.10%
2011-05-31	$1.97B	21.11%
2011-02-28	$1.63B	1.82%
2010-11-30	$1.60B	-6.72%
2010-08-31	$1.71B	3.07%
2010-05-31	$1.66B	-1.85%
2010-02-28	$1.69B	-0.77%
2009-11-30	$1.70B	-

Discover Financial Services generated $5.91B in revenue during Q3 2024, up -1.25% compared to the previous quarter, and up 152.40% compared to the same period a year ago.

Discover Financial Services Revenue Breakdown

Discover Financial Services Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Payment Services	$392.00M	$366.00M	$320.00M	$348.00M	$310.00M
Digital Banking	$1.53B	$1.32B	$1.04B	-	-
Direct Banking	-	-	-	$1.20B	$1.24B

Discover Financial Services's latest annual revenue breakdown by segment (product or service), as of Dec 22: Digital Banking (79.58%), and Payment Services (20.42%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Digital Banking	$455.00M	$486.00M	$391.00M	$398.00M	$400.00M	$367.00M	$396.00M	$372.00M	$415.00M	$345.00M	-	-	-	-	-	-	-	-	-	-
Payment Services	$129.00M	$323.00M	$132.00M	$124.00M	$114.00M	$106.00M	$93.00M	$100.00M	$99.00M	$100.00M	$95.00M	$92.00M	$93.00M	$86.00M	$79.00M	$78.00M	$75.00M	$88.00M	$89.00M	$89.00M
Direct Banking	-	-	-	-	-	-	-	-	-	-	-	$326.00M	$353.00M	$272.00M	$271.00M	$269.00M	$247.00M	$311.00M	$289.00M	-

Discover Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Digital Banking (77.91%), and Payment Services (22.09%).

Discover Financial Services Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 19	Dec 18
Direct Banking	$1.20B	$1.24B
Payment Services	$348.00M	$310.00M

Discover Financial Services's latest annual revenue breakdown by geography, as of Dec 19: Direct Banking (77.55%), and Payment Services (22.45%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Payment Services	$129.00M	$323.00M	$88.00M	$89.00M	$89.00M	$84.00M	$86.00M	$73.00M	$80.00M	$76.00M	$81.00M
Digital Banking	$455.00M	$486.00M	-	-	-	-	-	-	-	-	-
Direct Banking	-	-	$247.00M	$311.00M	$289.00M	$334.00M	$268.00M	$324.00M	$318.00M	$303.00M	$298.00M

Discover Financial Services's latest quarterly revenue breakdown by geography, as of Sep 24: Digital Banking (77.91%), and Payment Services (22.09%).

Discover Financial Services Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AXP	American Express	$60.36B	$16.64B
V	Visa	$35.93B	$9.62B
PYPL	PayPal	$29.77B	$7.85B
COF	Capital One Financial	$25.77B	$13.80B
MA	Mastercard	$25.10B	$7.37B
SYF	Synchrony Financial	$13.63B	$4.99B
DFS	Discover Financial Services	$9.84B	$5.91B
ALLY	Ally Financial	$9.07B	$4.19B
WU	Western Union	$4.36B	$1.04B
BFH	Bread Financial	$4.29B	$1.28B
UPST	Upstart	$513.56M	$-5.45M

DFS Revenue FAQ

What is Discover Financial Services’s yearly revenue?

Discover Financial Services's yearly revenue for 2023 was $9.84B, representing a decrease of -26.21% compared to 2022. The company's yearly revenue for 2022 was $13.34B, representing an increase of 10.34% compared to 2021. DFS's yearly revenue for 2021 was $12.09B, representing an increase of 9.01% compared to 2020.

What is Discover Financial Services’s quarterly revenue?

Discover Financial Services's quarterly revenue for Q3 2024 was $5.91B, a -1.25% decrease from the previous quarter (Q2 2024), and a 46.14% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $5.98B, a 5.54% increase from the previous quarter (Q1 2024), and a 54.33% increase year-over-year (Q2 2023). DFS's quarterly revenue for Q1 2024 was $5.67B, a 1.34% increase from the previous quarter (Q4 2023), and a 51.11% increase year-over-year (Q1 2023).

What is Discover Financial Services’s revenue growth rate?

Discover Financial Services's revenue growth rate for the last 3 years (2021-2023) was -18.57%, and for the last 5 years (2019-2023) was -14.11%.

What are Discover Financial Services’s revenue streams?

Discover Financial Services's revenue streams in c 22 are Payment Services, and Digital Banking. Payment Services generated $392M in revenue, accounting 20.42% of the company's total revenue, up 7.10% year-over-year. Digital Banking generated $1.53B in revenue, accounting 79.58% of the company's total revenue, up 16.11% year-over-year.

What is Discover Financial Services’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Discover Financial Services was Digital Banking. This segment made a revenue of $1.53B, representing 79.58% of the company's total revenue.