Discover Financial Services (DFS) Revenue & Revenue Breakdown

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Discover Financial Services Revenue Highlights

Latest Revenue (Y)

$20.02B

Main Segment (Y)

Digital Banking

Main Geography (Y)

Digital Banking

Discover Financial Services Revenue by Period

Discover Financial Services Revenue by Year

Date	Revenue	Change
2024-12-31	$20.02B	103.41%
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	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 $20.02B in revenue during NA 2024, up 103.41% compared to the previous quarter, and up 174.71% compared to the same period a year ago.

Discover Financial Services Revenue by Quarter

Date	Revenue	Change
2025-03-31	-	-100.00%
2024-12-31	$4.76B	26.60%
2024-09-30	$3.76B	-37.19%
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 - in revenue during Q1 2025, up -100.00% compared to the previous quarter, and up 0.00% 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 24	Dec 22	Dec 21	Dec 20	Dec 19
Digital Banking	$2.08B	$1.53B	$1.32B	$1.04B	-
Payment Services	$713.00M	$392.00M	$366.00M	$320.00M	$348.00M
Direct Banking	-	-	-	-	$1.20B

Discover Financial Services's latest annual revenue breakdown by segment (product or service), as of Dec 24: Digital Banking (74.51%), and Payment Services (25.49%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	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
Payment Services	$137.00M	$129.00M	$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
Digital Banking	$352.00M	$752.00M	$455.00M	$486.00M	$391.00M	$398.00M	$400.00M	$367.00M	$396.00M	$372.00M	$415.00M	$345.00M	-	-	-	-	-	-	-	-
Direct Banking	-	-	-	-	-	-	-	-	-	-	-	-	-	$326.00M	$353.00M	$272.00M	$271.00M	$269.00M	$247.00M	-

Discover Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Digital Banking (71.98%), and Payment Services (28.02%).

Discover Financial Services Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 19	Dec 18
Digital Banking	$2.08B	-	-
Payment Services	$713.00M	$348.00M	$310.00M
Direct Banking	-	$1.20B	$1.24B

Discover Financial Services's latest annual revenue breakdown by geography, as of Dec 24: Digital Banking (74.51%), and Payment Services (25.49%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	Sep 24	Jun 24	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Payment Services	$137.00M	$261.00M	$129.00M	$323.00M	$88.00M	$89.00M	$89.00M	$84.00M	$86.00M	$73.00M	$80.00M	$76.00M	$81.00M
Digital Banking	$352.00M	$1.14B	$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 Mar 25: Digital Banking (71.98%), and Payment Services (28.02%).

Discover Financial Services Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AXP	American Express	$50.41B	$16.97B
COF	Capital One Financial	$46.03B	$13.40B
V	Visa	$35.93B	$9.59B
PYPL	PayPal	$31.80B	$7.79B
MA	Mastercard	$28.17B	$7.25B
SYF	Synchrony Financial	$22.64B	$5.55B
DFS	Discover Financial Services	$20.02B	-
ALLY	Ally Financial	$8.90B	$3.46B
BFH	Bread Financial	$5.02B	$1.23B
WU	Western Union	$4.21B	$983.60M
UPST	Upstart	$636.53M	$211.27M

DFS Revenue FAQ

What is Discover Financial Services’s yearly revenue?

Discover Financial Services's yearly revenue for 2024 was $20.02B, representing an increase of 103.41% compared to 2023. The company's yearly revenue for 2023 was $9.84B, representing a decrease of -26.21% compared to 2022. DFS's yearly revenue for 2022 was $13.34B, representing an increase of 10.34% compared to 2021.

What is Discover Financial Services’s quarterly revenue?

Discover Financial Services's quarterly revenue for Q1 2025 was $0, a -100.00% decrease from the previous quarter (Q4 2024), and a -100.00% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $4.76B, a 26.60% increase from the previous quarter (Q3 2024), and a -14.96% decrease year-over-year (Q4 2023). DFS's quarterly revenue for Q3 2024 was $3.76B, a -37.19% decrease from the previous quarter (Q2 2024), and a -7.05% decrease year-over-year (Q3 2023).

What is Discover Financial Services’s revenue growth rate?

Discover Financial Services's revenue growth rate for the last 3 years (2022-2024) was 50.11%, and for the last 5 years (2020-2024) was 80.56%.

What are Discover Financial Services’s revenue streams?

Discover Financial Services's revenue streams in c 24 are Digital Banking, and Payment Services. Digital Banking generated $2.08B in revenue, accounting 74.51% of the company's total revenue, up 36.39% year-over-year. Payment Services generated $713M in revenue, accounting 25.49% of the company's total revenue, up 81.89% year-over-year.

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

For the fiscal year ending Dec 24, the largest source of revenue of Discover Financial Services was Digital Banking. This segment made a revenue of $2.08B, representing 74.51% of the company's total revenue.