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GuruFocus has detected 2 Warning Signs with Discover Financial Services $DFS.
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Discover Financial Services (NYSE:DFS)
Pre-Tax Income
$3,610 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. Discover Financial Services's pretax income for the three months ended in Mar. 2017 was $868 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $3,610 Mil. Discover Financial Services's pretax margin was 37.11%.

During the past 13 years, Discover Financial Services's highest Pretax Margin was 49.70%. The lowest was 19.06%. And the median was 40.76%.


Definition

This is the income that a company earns before paying income taxes.

Discover Financial Services's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Other
=3656+0
=3,656

Discover Financial Services's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Other
=868+0
=868

Discover Financial Services Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 898 (Jun. 2016 ) + 961 (Sep. 2016 ) + 883 (Dec. 2016 ) + 868 (Mar. 2017 ) = $3,610 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Discover Financial Services's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=868/2339
=37.11%

During the past 13 years, Discover Financial Services's highest Pretax Margin was 49.70%. The lowest was 19.06%. And the median was 40.76%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Discover Financial Services Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Dec13Dec14Dec15Dec16
Pretax Income 1,1501,6582,1211,2693,5113,7533,9443,6943,6123,656

Discover Financial Services Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 648908942974788914898961883868
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