This meta-analysis examined delay discounting, which measures impulsive preferences for immediate rewards over larger delayed rewards, across 8 psychiatric disorders. It found robust differences in delay discounting between individuals with psychiatric disorders and controls. Specifically, it found that individuals with depression, bipolar disorder, schizophrenia, borderline personality disorder, bulimia nervosa, and binge-eating disorder exhibited steeper discounting compared to controls, indicating more impulsive decision-making. In contrast, individuals with anorexia nervosa exhibited shallower discounting compared to controls. The results provide empirical support for delay discounting as a transdiagnostic process across most of the psychiatric disorders examined.