UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33378 DISCOVER FINANCIAL SERVICES (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of i ...

The past few days have been very eventful for Discover Financial Services (DFS 4.99%). The company, best known as the entity behind the underdog Discover credit card, is now approved to be acquired by a peer. It also reported encouraging quarterly financials.With these strong winds at its back, according to data compiled by S&P Global Market Intelligence, Discover stock was up by more than 13% week to date as of very early Friday morning.A busy couple of days for DiscoverDiscover charged into the week on a ...

Highlights Discover reported stable consumer financial habits and improving credit metrics in Q1, including lower 30+ day delinquency rates. While Discover card sales were down 2% year over year due to past credit tightening actions, PULSE network volumes increased by 3% driven by growth in debit spending. Discover Interim CEO Michael Shepherd said the company's acquisition by Capital One is expected to increase competition in payment networks, offer a wider range of products, and increase resources for inn ...

Image source: The Motley Fool.Wednesday, Apr 23, 2025CALL PARTICIPANTSMichael Shepherd: Interim CEO and PresidentJohn Greene: Chief Financial OfficerErin Stieber: Unspecified RoleNeed a quote from one of our analysts? Email [email protected] Earnings Per Share Growth: 31% year-over-year increase in Q1 2025Net Income: $1.1 billion, up 30% from the prior yearNet Interest Margin: 12.18%, up 115 basis points year-over-year and 22 basis points sequentiallyCard Receivables: Down 0.5% year-over-year Discover Card ...

Discover Financial Services (DFS) reported first-quarter 2025 adjusted earnings per share of $4.25, which surpassed the Zacks Consensus Estimate by 28.8%. Also, the bottom line climbed 31% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)DFS’ revenues, net of interest expenses, were $4.3 billion. The metric inched up 2% year over year and beat the consensus mark by 0.7%.The quarterly results were aided by reduced provisions for credit losses, improved net interest margin ...

Exhibit 99.3 1Q25 Financial Results April 23, 2025 2 1Q25 Highlights 3 • 1Q25 net income of $1.1Bn; diluted EPS of $4.25, and return on equity of 24% • Financial performance remains solid ◦ Revenue growth from margin expansion ◦ Good credit performance highlighted by a reserve release and lower net charge-offs ◦ Strong capital position; CET1 ratio of 14.7% • Prudently managing our business ◦ Customer trends are stable ◦ Monitoring economic developments • Secured all necessary approvals for our pending merge ...

Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday (April 23) earnings release.The digital banking and payment services company saw its net income leap 30% year over year in the first quarter to reach $1.1 billion, according to the release.Shepherd said Discover’s financial performance benefited from “strong net interest margin and positive credit trends.”The company’s net i ...

DISCOVER FINANCIAL SERVICES Exhibit 99.2 EARNINGS SUMMARY (unaudited, in millions, except per share statistics) | | | | Quarter Ended | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | Mar 31, | Dec 31, | Sep 30, | Jun 30, | Mar 31, | Mar 31, 2025 vs. | | | | 2025 | 2024 | 2024 | 2024 | 2024 | | Mar 31, 2024 | | EARNINGS SUMMARY | | | | | | | | | Interest Income | $4,801 | $4,989 | $5,112 | $4,971 | $4,948 | ($147) | (3 %) | | Interest Expense | 1,243 | 1,359 | 1,457 | 1,447 | 1,461 | (218) | ( ...

Core Insights - Discover Financial Services (DFS) is expected to report its Q1 2025 results on April 23, with earnings estimated at $3.32 per share and revenues at $4.21 billion, indicating a year-over-year earnings increase of 201.8% [1] - The current year revenue estimate for DFS is $17.32 billion, reflecting a 3.6% decline year-over-year, while the EPS estimate is $13.79, suggesting a 22.2% decrease [2] - DFS has beaten earnings estimates in three of the last four quarters, with an average surprise of 27.2% [2] Earnings Predictions - The model predicts an earnings beat for DFS, supported by a positive Earnings ESP of +2.53% and a Zacks Rank of 3 (Hold) [3] - Revenue growth in Q1 is expected to be driven by PULSE Network volume, with an estimated growth of 8.4% year-over-year, while the Zacks Consensus Estimate for PULSE Network stands at $85.7 billion [4] - Non-interest income is estimated at $691.6 million, marking a 2.8% year-over-year increase, with expectations of total operating expenses rising by 15.2% due to increased compensation and benefits [5][6]

Wall Street analysts forecast that Discover (DFS) will report quarterly earnings of $3.32 per share in its upcoming release, pointing to a year-over-year increase of 201.8%. It is anticipated that revenues will amount to $4.21 billion, exhibiting no change compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initi ...