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Discover Financial Services
AddedMar 19, 2024
UpdatedJun 28, 2026
Discover Financial Services

Discover Financial Services

Acquired Subsidiary

Digital banking and payment services company acquired by Capital One in 2025

HQ
Riverwoods, IL, US
Founded
1985
Overview
M & A
Analysis
Compare
Fundraising
Employees
News
Website

Discover Financial Services is a digital banking and payment services company headquartered in Riverwoods, Illinois. Originally launched as a division of Sears in 1985 and spun off from Morgan Stanley in 2007, it operates credit cards (Discover it family), online banking products (savings, checking, CDs, money market), personal loans, home equity loans, and global payment networks (Discover Network, PULSE, Diners Club International).

Capital One completed its $35.3 billion acquisition on May 18, 2025, creating the largest U.S. credit card issuer by loan volume. Discover continues operating under its own brand as a division of Capital One, N.A.

Discover Financial Services - M & A Snapshot

Open M & A

  • Capital One Financial

    Acquired Discover Financial Services • $35.3B • May 18, 2025

Discover Financial Services - Quick Facts

When was Discover Financial Services founded?

Discover Financial Services was founded in 1985.

Where is Discover Financial Services' headquarters located?

Discover Financial Services' headquarters is located in Riverwoods, IL, US.

How much has Discover Financial Services raised to-date?

As of Jun 22, 2007, Discover Financial Services has raised a total of $35.3B (USD).

Discover Financial Services - Classification

Industry
  • Banking
  • Financial Services
Geographic Exposure
  • Americas United States
Customer
  • Individuals
NAICS
  • 522200Nondepository Credit Intermediation
  • 522290Other Nondepository Credit Intermediation
  • 522299International, Secondary Market, and All Other Nondepository Credit Intermediation
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
SIC
  • 6100Nondepository Credit Institutions
  • 6140Personal Credit Institutions
  • 6141Personal Credit Institutions
ISIC
  • 6492Other credit granting
Show 11 more industry codes
NAICS
  • 522210Credit Card Issuing
  • 522220Sales Financing
  • 522291Consumer Lending
  • 522100Depository Credit Intermediation
  • 522110Commercial Banking
SIC
  • 5000Wholesale Trade-durable Goods
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6020Commercial Banks
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice