Discover Company Information
Discover Financial Services is a financial company that issues the Discover credit card, among other products and services. The company was founded in 1985 as a division of Sears, Roebuck and Co. under the name Dean Witter Financial Services Group[1]. In 2007, Discover Financial Services became an independent company through a spin-off from Morgan Stanley.
Discover has demonstrated stability over the years, with consistent growth and profitability. It generated $19.564B revenue for the twelve months ending September 30, 2023, a 41.22% increase year-over-year[2]. Discover has consistently been profitable since its inception and has weathered economic downturns with relative resilience. See more details below:
Company Name |
Discover Financial Services |
Founded |
1985 |
Founders |
Sears, Roebuck and Co. |
Headquarters |
Riverwoods, Illinois, US |
Website |
discover.com |
Legal US Status |
Legal |
Products |
Financial services |
Revenue |
US$19.56 billion (2023) |
Number of Employees |
20,200 (2023) |
Public Company |
Yes |
Traded as |
NYSE: DFS, S&P 500 |
The company's CEO is Michael Rhodes[5], and it has over 20,200 employees. Its headquarters are located in Riverwoods, Illinois. Discover has been recognized for its employee-friendly policies, including diversity and inclusion initiatives. Its commitment to providing a positive work-life balance for its employees is also renowned.
In addition to its credit card offerings, Discover Financial Services provides a variety of financial products and services. These include personal and student loans, banking products, and investment services. The company has continued to innovate and expand its offerings, with a focus on providing customer-friendly solutions and user-friendly technology.