Discover (DFS) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Discover (DFS) reported $4.45 billion in revenue for Q3 2024, a year-over-year increase of 10.1% and an EPS of $3.69 compared to $2.59 a year ago, exceeding both revenue and EPS consensus estimates [1] Financial Performance Metrics - Credit Card Loans - Discover Card Sales Volume was $53.38 billion, below the estimated $54.39 billion [2] - Net Interest Margin stood at 11.4%, slightly above the average estimate of 11.3% [2] - Operating Efficiency was reported at 38%, exceeding the average estimate of 36.2% [2] - Net Principal Charge-off Rate was 4.9%, matching the average estimate [2] - Total Discover Card Volume reached $56.59 billion, below the estimated $58.03 billion [2] - Total Payment Services Network Volume was $100.47 billion, slightly above the average estimate of $99.85 billion [2] - Diners Club International Network Volume was $10.39 billion, exceeding the estimated $10.08 billion [2] - Network Partners Volume was $7.51 billion, below the average estimate of $9.59 billion [2] - PULSE Network Volume was $82.57 billion, above the estimated $80.67 billion [2] - Transactions Processed on Discover Network totaled 954 million, below the estimated 990.33 million [2] - Tier 1 Risk Based Capital Ratio was 13.5%, above the average estimate of 13.3% [2] - Total Transactions Processed on Networks was 3.38 billion, matching the estimated figure [2] Stock Performance - Discover shares returned +7% over the past month, outperforming the Zacks S&P 500 composite's +3.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]