Discover Financial Services (DFS) — Cash Flow Quality Index
Discover Financial Services (DFS) has a Cash Flow Quality Index of 1.93x as of March 2025. Operating cash flow of $2.13 Billion exceeds net income of $1.10 Billion, indicating high earnings quality where cash backs reported profits. Explore DFS long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Discover Financial Services Cash Flow Quality Index (2004–2024)
Historical Cash Flow Quality Index for Discover Financial Services across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check how tangible is Discover Financial Services's equity to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Discover Financial Services (2004–2024)
Year-by-year earnings quality comparison for Discover Financial Services. For live market cap and the full company financial profile, see how much is Discover Financial Services worth.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.86x | $8.43 Billion | $4.54 Billion | ▼ -36.6% |
| 2023 | 2.93x | $8.56 Billion | $2.92 Billion | ▲ +80.3% |
| 2022 | 1.63x | $7.14 Billion | $4.39 Billion | ▲ +47.2% |
| 2021 | 1.10x | $6.02 Billion | $5.45 Billion | ▼ -79.7% |
| 2020 | 5.43x | $6.20 Billion | $1.14 Billion | ▲ +159.2% |
| 2019 | 2.10x | $6.20 Billion | $2.96 Billion | ▲ +10.7% |
| 2018 | 1.89x | $5.19 Billion | $2.74 Billion | ▼ -23.7% |
| 2017 | 2.48x | $5.21 Billion | $2.10 Billion | ▲ +34.2% |
| 2016 | 1.85x | $4.42 Billion | $2.39 Billion | ▲ +10.2% |
| 2015 | 1.68x | $3.85 Billion | $2.30 Billion | ▲ +1.9% |
| 2014 | 1.65x | $3.83 Billion | $2.32 Billion | ▲ +15.7% |
| 2013 | 1.42x | $3.52 Billion | $2.47 Billion | ▲ +9.8% |
| 2012 | 1.30x | $3.04 Billion | $2.35 Billion | ▼ -20.0% |
| 2011 | 1.62x | $3.61 Billion | $2.23 Billion | ▼ -68.0% |
| 2010 | 5.06x | $3.87 Billion | $764.79 Million | ▲ +79.6% |
| 2009 | 2.82x | $3.60 Billion | $1.28 Billion | ▼ -41.9% |
| 2008 | 4.85x | $4.50 Billion | $927.75 Million | ▲ +40.2% |
| 2007 | 3.46x | $2.04 Billion | $588.63 Million | ▲ +116.6% |
| 2006 | 1.60x | $1.72 Billion | $1.08 Billion | ▼ -43.5% |
| 2005 | 2.83x | $1.64 Billion | $577.91 Million | ▲ +38.4% |
| 2004 | 2.05x | $1.59 Billion | $776.25 Million | — |