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Discover Financial Services Efficiency Overhead Ratio %

: 42.90% (As of Sep. 2021)
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Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.

Discover Financial Services's Efficiency Overhead Ratio % for the quarter that ended in Sep. 2021 was 42.90% , which is higher than 34.10% for the pervious quarter ended in Jun. 2021.

Discover Financial Services's Efficiency Overhead Ratio % for the annual that ended in Dec. 2020 was 40.80% , which is higher than 38.30% for the pervious year ended in Dec. 2019.

The historical rank and industry rank for Discover Financial Services's Efficiency Overhead Ratio % or its related term are showing as below:


Discover Financial Services Efficiency Overhead Ratio % Historical Data

The historical data trend for Discover Financial Services's Efficiency Overhead Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Discover Financial Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Efficiency Overhead Ratio %
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Discover Financial ServicesQuarterly Data
Trend Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Efficiency Overhead Ratio %
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Competitive Comparison

For the Credit Services subindustry, Discover Financial Services's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Discover Financial Services  (NYSE:DFS) Efficiency Overhead Ratio % Calculation

Efficiency Overhead Ratio % is calculated as

Efficiency Overhead Ratio %=Non-interest Expenses / Revenue

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Discover Financial Services  (NYSE:DFS) Efficiency Overhead Ratio % Explanation

Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.

An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.


Discover Financial Services Efficiency Overhead Ratio % Related Terms

Thank you for viewing the detailed overview of Discover Financial Services's Efficiency Overhead Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Discover Financial Services Business Description

Discover Financial Services logo
Industry
Financial Services » Credit Services NAICS : 522210 SIC : 6141
Address
2500 Lake Cook Road, Riverwoods, IL, USA, 60015
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
Executives
Greene John officer: EVP & Chief Financial Officer 51 LIME STREET LONDON X0 EC3M 7DQ
Walcott Wanjiku Juanita officer: EVP, Chief Legal Officer & GC 2500 LAKE COOK ROAD RIVERWOODS IL 60015
Bush Mary K director 3509 WOODBINE STREET CHEVY CHASE MD 20815
Thierer Mark director DENTSPLY SIRONA INC 221 W PHILADELPHIA ST, STE 60W YORK PA 17401-2991
Wong Jennifer L. director C/O TIME INC. 225 LIBERTY STREET NEW YORK NY 10281
Case Gregory C director C/O AON CORPORATE LAW DEPT 200 EAST RANDOLPH ST, 8TH FL CHICAGO IL 60601
Maheras Thomas G director C/O CITIGROUP INC. 425 PARK AVENUE 2ND FLOOR NEW YORK NY 10043
Duncan Candace H director 2500 LAKE COOK ROAD RIVERWOODS IL 60015
Aronin Jeffrey S director 1515 WEST 22ND STREET SUITE 1210 OAK BROOK IL 60523
Moskow Michael H director 444 WEST LAKE STREET, STE. 4700 CHICAGO IL 60606
Glassman Cynthia A director 2500 LAKE COOK ROAD RIVERWOODS IL 60015
Eazor Joseph F director 1170 PEACHTREE STREET, SUITE 900 ATLANTA GA 30309
Hochschild Roger C director, officer: CEO and President 2500 LAKE COOK ROAD RIVERWOODS IL 60015
Eichfeld Robert Andrew officer: EVP - Chief HR & Admin Officer 2500 LAKE COOK ROAD RIVERWOODS IL 60015
Arooni Amir S officer: EVP, Chief Information Officer 2500 LAKE COOK ROAD RIVERWOODS RIVERWOODS IL 60015

Discover Financial Services Headlines

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