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Discover Financial Services Results—2023

Goods and services purchased on credit cards plus credit card cash advances reached $232.79 billion for Discover Financial Services (DFS) in 2023, up 3.7%. Cash accounted for 6.39% of total volume, compared to 6.16% in 2022. Credit card outstandings at year-end 2023 were up 13.5% to $102.26 billion. Discover Financial Services had net income after taxes of $2.94 billion, down 32.8% from $4.37 billion in 2022. Revenue net of interest expense of $15.86 billion was up 19.3%. Credit card purchase volume generated by all Discover brand cards was $217.91 billion, up 3.5%. Credit card cash adva...

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January 2024
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