Discover Financial Services Cash Flow Quality Index
Discover Financial Services 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. See Discover Financial Services (DFS) flexibility index to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Discover Financial Services (2004–2024)
Cash flow quality index of Discover Financial Services from 2004 to 2024. Historical Cash Flow Quality Index for Discover Financial Services across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore DFS cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Discover Financial Services Cash Flow Quality Index by Year (2004–2024)
Discover Financial Services cash flow quality index by year from 2004 to 2024. Year-by-year earnings quality comparison for Discover Financial Services. For the full cash flow conversion analysis, see Discover Financial Services operating cash flow efficiency.
| 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 | — |