• Discover Financial Services average return on tangible equity for 2023 was 22.64, a 28.58% increase from 2022.
• Discover Financial Services average return on tangible equity for 2022 was 31.7, a 24.52% decline from 2021.
• Discover Financial Services average return on tangible equity for 2021 was 42, a 316.25% 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.