• Discover Financial Services average return on tangible equity for 2023 was 25.37, a 24.65% decline from 2022.
• Discover Financial Services average return on tangible equity for 2022 was 33.67, a 11.79% decline from 2021.
• Discover Financial Services average return on tangible equity for 2021 was 38.17, a 199.61% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.