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 how efficiently does Discover Financial Services generate cash to assess how effectively this company generates cash.
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 DFS cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 DFS market cap overview.
| 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 | — |