Discover Financial Services (DFS) — Free Cash Flow Generation Index
Discover Financial Services (DFS) has a Free Cash Flow Generation Index of 0.97x as of March 2025. Free cash flow of $2.07 Billion represents 1% of operating cash flow ($2.13 Billion). See Discover Financial Services short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Discover Financial Services Free Cash Flow Generation Index (2004–2024)
Historical FCF Generation Index trend for Discover Financial Services across 21 annual periods. Explore Discover Financial Services (DFS) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Discover Financial Services (2004–2024)
Year-by-year Free Cash Flow Generation Index for Discover Financial Services. For the full company profile including market capitalisation, see DFS market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.97x | $8.16 Billion | $8.43 Billion | $268.00 Million | ▲ +0.4% |
| 2023 | 0.96x | $8.26 Billion | $8.56 Billion | $303.00 Million | ▼ -0.2% |
| 2022 | 0.97x | $6.90 Billion | $7.14 Billion | $236.00 Million | ▼ -0.1% |
| 2021 | 0.97x | $5.83 Billion | $6.02 Billion | $194.00 Million | ▲ +1.0% |
| 2020 | 0.96x | $5.93 Billion | $6.20 Billion | $261.00 Million | ▲ +0.4% |
| 2019 | 0.95x | $5.91 Billion | $6.20 Billion | $284.00 Million | ▲ +0.3% |
| 2018 | 0.95x | $4.94 Billion | $5.19 Billion | $254.00 Million | ▼ -0.7% |
| 2017 | 0.96x | $4.99 Billion | $5.21 Billion | $218.00 Million | ▼ -0.1% |
| 2016 | 0.96x | $4.25 Billion | $4.42 Billion | $179.00 Million | ▲ +0.3% |
| 2015 | 0.96x | $3.69 Billion | $3.85 Billion | $168.00 Million | ▼ -0.6% |
| 2014 | 0.96x | $3.68 Billion | $3.83 Billion | $145.00 Million | ▲ +3.0% |
| 2013 | 0.93x | $3.29 Billion | $3.52 Billion | $231.00 Million | ▼ -1.9% |
| 2012 | 0.95x | $2.90 Billion | $3.04 Billion | $144.00 Million | ▼ -1.7% |
| 2011 | 0.97x | $3.50 Billion | $3.61 Billion | $111.56 Million | ▼ -1.7% |
| 2010 | 0.99x | $3.82 Billion | $3.87 Billion | $54.68 Million | ▲ +0.1% |
| 2009 | 0.99x | $3.54 Billion | $3.60 Billion | $53.79 Million | ▲ +0.6% |
| 2008 | 0.98x | $4.41 Billion | $4.50 Billion | $93.53 Million | ▲ +4.0% |
| 2007 | 0.94x | $1.92 Billion | $2.04 Billion | $118.27 Million | ▲ +2.8% |
| 2006 | 0.92x | $1.58 Billion | $1.72 Billion | $144.15 Million | ▼ -2.5% |
| 2005 | 0.94x | $1.54 Billion | $1.64 Billion | $97.96 Million | ▲ +0.2% |
| 2004 | 0.94x | $1.49 Billion | $1.59 Billion | $98.71 Million | — |