Discover Financial Services Net Asset Quality Index
Discover Financial Services net asset quality index. Discover Financial Services (DFS) has a Net Asset Quality Index of 12.8% as of March 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $147.91 Billion minus total liabilities of $128.95 Billion yields net assets of $18.96 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See Discover Financial Services (DFS) net assets for net asset value and shareholders' equity analysis.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Discover Financial Services (2003–2024)
Net asset quality index of Discover Financial Services from 2003 to 2024. This chart shows how Discover Financial Services's Net Asset Quality Index has evolved across 21 annual periods from 2003 to 2024. As of March 2025, the index stands at 12.8%, representing net assets of $18.96 Billion against total assets of $147.91 Billion USD. Check DFS strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Discover Financial Services Net Asset Quality Index by Year (2003–2024)
Discover Financial Services net asset quality index by year from 2003 to 2024. The table below presents the year-by-year Net Asset Quality Index for Discover Financial Services from 2003 to 2024, covering 21 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see market value of Discover Financial Services.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 12.1% | $17.93 Billion | $147.64 Billion | $129.71 Billion | ▲ +2.4 pp |
| 2023 | 9.8% | $14.83 Billion | $151.52 Billion | $136.69 Billion | ▼ -1.3 pp |
| 2022 | 11.1% | $14.59 Billion | $131.63 Billion | $117.04 Billion | ▼ -1.1 pp |
| 2021 | 12.2% | $13.41 Billion | $110.24 Billion | $96.83 Billion | ▼ -69.0 pp |
| 2020 | 81.2% | $91.65 Billion | $112.89 Billion | $21.24 Billion | ▲ +3.7 pp |
| 2019 | 77.5% | $88.30 Billion | $114.00 Billion | $25.70 Billion | ▲ +67.3 pp |
| 2018 | 10.2% | $11.13 Billion | $109.55 Billion | $98.42 Billion | ▼ -0.7 pp |
| 2017 | 10.9% | $10.89 Billion | $100.09 Billion | $89.19 Billion | ▼ -1.4 pp |
| 2016 | 12.3% | $11.32 Billion | $92.31 Billion | $80.98 Billion | ▼ -0.7 pp |
| 2015 | 13.0% | $11.28 Billion | $86.94 Billion | $75.66 Billion | ▼ -0.4 pp |
| 2014 | 13.4% | $11.13 Billion | $83.13 Billion | $71.99 Billion | ▼ -0.2 pp |
| 2013 | 13.6% | $10.81 Billion | $79.34 Billion | $68.53 Billion | ▲ +0.2 pp |
| 2012 | 13.4% | $9.87 Billion | $73.49 Billion | $63.62 Billion | ▲ +1.5 pp |
| 2011 | 11.9% | $8.24 Billion | $69.12 Billion | $60.88 Billion | ▲ +1.3 pp |
| 2010 | 10.6% | $6.46 Billion | $60.78 Billion | $54.33 Billion | ▼ -7.7 pp |
| 2009 | 18.3% | $8.44 Billion | $46.02 Billion | $37.59 Billion | ▲ +3.5 pp |
| 2008 | 14.8% | $5.92 Billion | $39.89 Billion | $33.98 Billion | ▼ -0.2 pp |
| 2007 | 15.0% | $5.60 Billion | $37.38 Billion | $31.78 Billion | ▼ -4.9 pp |
| 2006 | 19.9% | $5.77 Billion | $29.07 Billion | $23.29 Billion | ▲ +2.8 pp |
| 2005 | 17.1% | $4.60 Billion | $26.94 Billion | $22.34 Billion | ▲ +1.2 pp |
| 2003 | 15.9% | $3.81 Billion | $24.03 Billion | $20.22 Billion | — |