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COMPANY BENCHMARKING • UNITED STATES

Discover Financial Services - Company Profile

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Discover Financial Services - Overview

Brands
Discover
Description
Discover Financial Services is a public company headquartered in Illinois with an estimated 16,700 employees. In the US, the company has a notable market share in at least one industry: Credit Card Issuing, where they account for an estimated 6.4% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: Discover Financial Services

Company Type: Operating

Exchange: NYSE

Headquarters: 2500 Lake Cook Road Riverwoods IL 60015

Employees: 16700

Discover Financial Services - Operating Industries and Main Competitors

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Discover Financial Services - Products and Services

  • Credit Card Issuing in the US

  • Of the 4 core revenue-generating products and services in the Credit Card Issuing in the US industry, Discover Financial Services offers:
    • Interest income
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Discover Financial Services - Analyst Insights

Fiscal 2021 results

Discover reported improved performance relative to the previous year for Fiscal 2021. Net income for the year amounted to $5.4 billion compared to $1.1 billion in Fiscal 2020, with provisions for credit losses during the pandemic accounting for the major difference in expenses and thus net income between reporting periods. Revenue net of interest expenses amounted to $12.0 billion, a 9.0% increase year-over-year. The company’s record results for 2021 largely reflect improved loan growth (4.4%) and the benefits of Discover’s integrated digital banking and payments model.

New Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Discover Financial Services - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Discover Financial Services's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Credit Card Issuing in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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This profile on Discover Financial Services includes:

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  • Industry Market Share Breakdown
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  • Products and Services
  • Key Company Benchmarks
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