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Discover Financial Services
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Discover Financial Services's Revenue by Segment

In fiscal year 2024, Discover Financial Services's revenue by segment (products & services) are as follows:

  • Digital Banking: $2.08 B
  • Payment Services: $713.00 M

Learn more about Discover Financial Services’s Revenue by Geography

Check out competitors to Discover Financial Services in a side-by-side comparison.

Explore additional financial metrics for Discover Financial Services.

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The above chart shows Discover Financial Services's revenue percentage share by segment (products and services).

In fiscal year 2022, Discover Financial Services's revenue by segment is as follows:

  • Digital Banking generated $1.53 B in revenue, representing 79.58% of its total revenue.
  • Payment Services generated $392.00 M in revenue, representing 20.42% of its total revenue.

The biggest segment for Discover Financial Services is the Digital Banking, which represents 79.58% of its total revenue.
The smallest segment for Discover Financial Services is the Payment Services, which represents 20.42% of its total revenue.

The above chart shows Discover Financial Services's revenue percentage share by segment (products and services).

In fiscal year 2023, Discover Financial Services's revenue by segment is as follows:

  • Digital Banking generated $1.48 B in revenue, representing 76.35% of its total revenue.
  • Payment Services generated $459.00 M in revenue, representing 23.65% of its total revenue.

The biggest segment for Discover Financial Services is the Digital Banking, which represents 76.35% of its total revenue.
The smallest segment for Discover Financial Services is the Payment Services, which represents 23.65% of its total revenue.

The above chart shows Discover Financial Services's revenue percentage share by segment (products and services).

In fiscal year 2024, Discover Financial Services's revenue by segment is as follows:

  • Digital Banking generated $2.08 B in revenue, representing 74.51% of its total revenue.
  • Payment Services generated $713.00 M in revenue, representing 25.49% of its total revenue.

The biggest segment for Discover Financial Services is the Digital Banking, which represents 74.51% of its total revenue.
The smallest segment for Discover Financial Services is the Payment Services, which represents 25.49% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Digital Banking 79.58% 76.35% 74.51%
Payment Services 20.42% 23.65% 25.49%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Discover Financial Services.

In fiscal year 2024, the Digital Banking generated the most revenue ($2.08 B), and the Payment Services generated the least revenue ($713.00 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Digital Banking revenue increased 40.62% ($602.00 M) from $1.48 B (in 2023) to $2.08 B (in 2024).
  • Payment Services revenue increased 55.34% ($254.00 M) from $459.00 M (in 2023) to $713.00 M (in 2024).
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    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Digital Banking $1.53 B - $1.48 B
    3.01%
    		$2.08 B
    40.62%
    Payment Services $392.00 M - $459.00 M
    17.09%
    		$713.00 M
    55.34%
    Total Revenue $13.34 B - $9.84 B
    26.21%
    		$20.02 B
    103.41%

    Frequently Asked Questions

    What was Discover Financial Services's largest product segment last year?

    In fiscal year 2024, Digital Banking revenue reached $2.08 Billion, representing 74.51% of Discover Financial Services's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for Discover Financial Services last year?

    The Payment Services segment is Discover Financial Services's highest growth segment, with a revenue growth of +55.34% in 2024 compared to 2023.

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