Earnings Summary

Discover Financial Services’s revenue jumped 54.33% since last year same period to $5985Mn in the Q2 2024. On a quarterly growth basis, Discover Financial Services has generated 5.54% jump in its revenue since last 3-months.

Discover Financial Services’s net profit jumped 69.81% since last year same period to $1530Mn in the Q2 2024. On a quarterly growth basis, Discover Financial Services has generated 396.75% jump in its net profits since last 3-months.

Discover Financial Services’s net profit margin jumped 10.03% since last year same period to 25.56% in the Q2 2024. On a quarterly growth basis, Discover Financial Services has generated 370.69% jump in its net profit margins since last 3-months.

Discover Financial Services’s price-to-earnings ratio after this Q2 2024 earnings stands at 11.68.

Discover Financial Services’s earning per share (EPS) estimates for the current quarter stand at 3.27 - a 6.51% jump from last quarter’s estimates.

Discover Financial Services’s earning per share (EPS) estimates for the current year stand at 3.27.

Discover Financial Services’s earning per share (EPS) jumped 71.19% since last year same period to 6.06 in the Q2 2024. This indicates that the Discover Financial Services has generated 71.19% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Discover Financial Services’s return on assets (ROA) stands at 0.02.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Discover Financial Services’s return on equity (ROE) stands at 0.19.

Discover Financial Services declared 0.7 dividend per share during the earnings announcement for Q2 2024.