• Discover Financial Services average return on tangible equity for 2023 was 24.72, a 26.05% decline from 2022.
• Discover Financial Services average return on tangible equity for 2022 was 33.43, a 12.28% decline from 2021.
• Discover Financial Services average return on tangible equity for 2021 was 38.11, a 199.14% 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.