Discover Financial Services (DFS) Revenue & Revenue Breakdown
Discover Financial Services Revenue Highlights
Latest Revenue (Y)
$20.61B
Latest Revenue (Q)
$5.99B
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 | $20.61B | 54.50% |
| 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 | 8.90% |
| 2008-11-30 | $6.30B | 0.09% |
| 2007-11-30 | $6.29B | 1.15% |
| 2006-11-30 | $6.22B | 6.07% |
| 2005-11-30 | $5.87B | -7.63% |
| 2004-11-30 | $6.35B | 404.48% |
| 2003-11-30 | $1.26B | - |
Discover Financial Services generated $20.61B in revenue during NA 2023, up 54.50% compared to the previous quarter, and up 192.42% compared to the same period a year ago.
Discover Financial Services Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 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 | -0.30% |
| 2012-11-30 | $2.00B | 1.74% |
| 2012-08-31 | $1.96B | 6.26% |
| 2012-05-31 | $1.85B | 0.29% |
| 2012-02-29 | $1.84B | 2.00% |
| 2011-11-30 | $1.81B | 0.99% |
| 2011-08-31 | $1.79B | 2.99% |
| 2011-05-31 | $1.74B | 0.25% |
| 2011-02-28 | $1.73B | 8.58% |
| 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 | 7.21% |
| 2009-11-30 | $1.58B | -14.49% |
| 2009-08-31 | $1.84B | 13.94% |
| 2009-05-31 | $1.62B | 32.91% |
| 2009-02-28 | $1.22B | 9.59% |
| 2008-11-30 | $1.11B | -11.16% |
| 2008-08-31 | $1.25B | 9.40% |
| 2008-05-31 | $1.14B | -11.95% |
| 2008-02-29 | $1.30B | -3.88% |
| 2007-11-30 | $1.35B | - |
Discover Financial Services generated $5.99B in revenue during Q2 2024, up 5.54% compared to the previous quarter, and up 159.47% 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 |
|---|---|---|---|---|---|
| Digital Banking | $1.53B | $1.32B | $1.04B | - | - |
| Payment Services | $392.00M | $366.00M | $320.00M | $348.00M | $310.00M |
| 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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Digital Banking | $486.00M | $391.00M | $398.00M | $400.00M | $367.00M | $396.00M | $372.00M | $415.00M | $345.00M | - | - | - | - | - | - | - | - | - | - | - |
| Payment Services | $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 | $84.00M |
| Direct Banking | - | - | - | - | - | - | - | - | - | - | $326.00M | $353.00M | $272.00M | $271.00M | $269.00M | $247.00M | $311.00M | $289.00M | $334.00M | - |
Discover Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Digital Banking (60.07%), and Payment Services (39.93%).
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 | Jun 24 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Services | $323.00M | $88.00M | $89.00M | $89.00M | $84.00M | $86.00M | $73.00M | $80.00M | $76.00M | $81.00M |
| Digital Banking | $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 Jun 24: Digital Banking (60.07%), and Payment Services (39.93%).
Discover Financial Services Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| AXP | American Express | $60.36B | $18.40B |
| V | Visa | $32.65B | $8.90B |
| PYPL | PayPal | $29.77B | $7.88B |
| COF | Capital One Financial | $25.77B | $13.24B |
| MA | Mastercard | $25.10B | $6.96B |
| DFS | Discover Financial Services | $20.61B | $5.99B |
| SYF | Synchrony Financial | $13.63B | $4.89B |
| ALLY | Ally Financial | $9.07B | $4.04B |
| WU | Western Union | $4.36B | $1.07B |
| BFH | Bread Financial | $4.29B | $1.23B |
| UPST | Upstart | $513.56M | $127.63M |
DFS Revenue FAQ
What is Discover Financial Services’s yearly revenue?
Discover Financial Services's yearly revenue for 2023 was $20.61B, representing an increase of 54.50% 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 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). The company'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). DFS's quarterly revenue for Q4 2023 was $5.6B, a 38.38% increase from the previous quarter (Q3 2023), and a 49.95% increase year-over-year (Q4 2022).
What is Discover Financial Services’s revenue growth rate?
Discover Financial Services's revenue growth rate for the last 3 years (2021-2023) was 70.48%, and for the last 5 years (2019-2023) was 79.82%.
What are Discover Financial Services’s revenue streams?
Discover Financial Services's revenue streams in c 22 are Digital Banking, and Payment Services. Digital Banking generated $1.53B in revenue, accounting 79.58% of the company's total revenue, up 16.11% year-over-year. Payment Services generated $392M in revenue, accounting 20.42% of the company's total revenue, up 7.10% 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.