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Discover Financial Services  (DFS)
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DFS's Net Income Growth by Quarter and Year

Discover Financial Services's Net Income results by quarter and year




DFS Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 378.00 1,027.00 1,062.00 762.00
III Quarter September 647.00 967.00 1,055.00 771.00
II Quarter June 895.00 1,105.00 1,688.00 -368.00
I Quarter March 939.00 1,205.00 1,546.00 -61.00
FY   2,859.00 4,304.00 5,351.00 1,104.00



DFS Net Income fourth quarter 2023 Y/Y Growth Comment
Discover Financial Services reported drop in Net Income in the fourth quarter 2023 by -63.19% to $ 378.00 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Discover Financial Services's Net Income compares unfavorably to the Company's average Net Income rise of 35.56%.

Looking into fourth quarter 2023 results within Consumer Financial Services industry 4 other companies have achieved higher Net Income growth. While Discover Financial Services' s Net Income meltdown of -63.19% ranks overall at the positon no. 500 in the fourth quarter 2023.




DFS Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -63.19 % -3.3 % 39.37 % 7.63 %
III Quarter September -33.09 % -8.34 % 36.84 % 0.13 %
II Quarter June -19 % -34.54 % - -
I Quarter March -22.07 % -22.06 % - -
FY   -33.57 % -19.57 % 384.69 % -62.66 %

Financial Statements
Discover Financial Services's fourth quarter 2023 Net Income $ 378.00 millions DFS's Income Statement
Discover Financial Services's fourth quarter 2022 Net Income $ 1,027.00 millions Quarterly DFS's Income Statement
New: More DFS's historic Net Income Growth >>


DFS Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -41.58 % 6.2 % 0.66 % -1.17 %
III Quarter September -27.71 % -12.49 % -37.5 % -
II Quarter June -4.69 % -8.3 % 9.18 % -
I Quarter March -8.57 % 13.47 % 102.89 % -
FY (Year on Year)   -33.57 % -19.57 % 384.69 % -62.66 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #5
Financial Sector #92
Overall #500

Net Income Y/Y Growth Statistics
High Average Low
384.69 % 35.56 % -64.24 %
(Dec 31 2021)   (Sep 30 2020)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #5
Financial Sector #92
Overall #500
Net Income Y/Y Growth Statistics
High Average Low
384.69 % 35.56 % -64.24 %
(Dec 31 2021)   (Sep 30 2020)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Discover Financial Services's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
188.31 % 10.48 % -72.15 %
(May 30, 2008)  


DFS's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Discover Financial Services realized fall in Net Income from the previous quarter by -41.58% to $ 378.00 millions, from $ 647.00 millions released a quarter before.

Although cyclical circumstance normally fuel IV. Quarter 2023 Net Income, that clearly has not been substantial to rescue Consumer Financial Services's company achievement, Noah  D. Clarke, Financial sector expert situated in London pointed out.

Within Consumer Financial Services industry 8 other companies have achieved higher Net Income quarter on quarter growth. While Discover Financial Services's Net Income growth quarter on quarter, overall rank is 743.


Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #9
Financial Sector #163
Overall #743
Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #9
Financial Sector #163
Overall #743
Net Income Q/Q Growth Statistics
High Average Low
188.31 % 10.48 % -72.15 %
(May 30, 2008)  


DFS's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Discover Financial Services realized fall in Net Income from the previous quarter by -41.58% to $ 378.00 millions, from $ 647.00 millions released in the previous reporting period.

Even seasonal factors which normally elevate IV. Quarter 2023 performance, it clearly has not been enough to salvage Consumer Financial Services's company outcome, Noah  D. Clarke, Financial sector expert situated in London said and continued that average sequential Net Income growth is at 10.48% for Discover Financial Services.

Within Consumer Financial Services industry 8 other companies have achieved higher Net Income quarter on quarter growth. While Discover Financial Services's Net Income growth quarter on quarter, overall rank is 743.


Discover Financial Services's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 2,859.00 $ 3,508.00 $ 3,828.00 $ 4,038.00 $ 4,304.00
Y / Y Net Income Growth (TTM) -33.57 % -19.15 % -13.53 % -19.4 % -19.57 %
Year on Year Net Income Growth Overall Ranking # 653 # 201 # 234 # 238 # 30
Seqeuential Net Income Change (TTM) -18.5 % -8.36 % -5.2 % -6.18 % -0.81 %
Seq. Net Income Growth (TTM) Overall Ranking # 500 # 1021 # 253 # 944 # 780




Cumulative Net Income growth Comment
Discover Financial Services's cumulative 12 months Net Income continue to drop, but on the faster rate at -33.57% year on year, at Dec 31 2023 compare to the -19.15% decrease at Sep 30 2023. If the Discover Financial Services's fiscal year would end at Dec 31 2023, annual Net Income would be $2,859 millions.

In the Financial sector 133 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 201 to 653.

Net Income TTM Q/Q Growth Statistics
High Average Low
384.69 %
35.56 %
-64.24 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry # 5
Financial Sector # 134
Overall # 653

Net Income TTM Y/Y Growth Statistics
High Average Low
384.69 %
35.56 %
-64.24 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 92
S&P 500 # 500
Cumulative Net Income growth Comment
Discover Financial Services's cumulative 12 months Net Income continue to drop, but on the faster rate at -33.57% year on year, at Dec 31 2023 compare to the -19.15% decrease at Sep 30 2023. If the Discover Financial Services's fiscal year would end at Dec 31 2023, annual Net Income would be $2,859 millions.

In the Financial sector 133 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 201 to 653.

Net Income TTM Q/Q Growth Statistics
High Average Low
384.69 %
35.56 %
-64.24 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry # 5
Financial Sector # 134
Overall # 653

Net Income TTM Y/Y Growth Statistics
High Average Low
384.69 %
35.56 %
-64.24 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 92
S&P 500 # 500




Other Net Income Growth
Consumer Financial Services Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
DFS's Net Income Growth Ratio versus Consumer Financial Services Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for DFS's Competitors
Net Income Growth for Discover Financial Services's Suppliers
Net Income Growth for DFS's Customers

You may also want to know
DFS's Annual Growth Rates DFS's Profitability Ratios DFS's Asset Turnover Ratio DFS's Dividend Growth
DFS's Roe DFS's Valuation Ratios DFS's Financial Strength Ratios DFS's Dividend Payout Ratio
DFS's Roa DFS's Inventory Turnover Ratio DFS's Growth Rates DFS's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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