Compare · C and WFC
Citigroup vs. Wells Fargo
Revenue, growth, margins, cash flow and cash returned, side by side from each company's latest annual report.
Citigroup's businesses lean toward companies and institutions, through Services, Markets and Banking, alongside US credit cards and retail banking. Wells Fargo's include branches, mortgages and cards, commercial banking for mid-sized companies, and wealth advice. Below are the figures each one reported in its latest annual report (Form 10-K), side by side, with links to the filing behind every number. Both fiscal years end in December, so the periods line up. Why fiscal years differ.
Comparing Citigroup fiscal 2025 (ended Dec 31, 2025) with Wells Fargo fiscal 2025 (ended Dec 31, 2025)
CitigroupWells Fargo
Each pair of bars shows both companies on one scale.
Revenue and growth
| Company | Prior year | Latest year | Change |
|---|---|---|---|
| Citigroup (FY2024 to FY2025) | $80.7B | $85.2B | +5.6% |
| Wells Fargo (FY2024 to FY2025) | $82.3B | $83.7B | +1.7% |
Citigroup reports total revenues, net of interest expense: net interest income plus noninterest revenue such as fees, commissions and trading. It is counted after the interest paid to depositors and lenders. Wells Fargo reports total revenue: net interest income plus noninterest income such as fees, card income and trading. It is counted after the interest paid to depositors and lenders.
Margins
| Company | Revenue | Net income | Net margin |
|---|---|---|---|
| Citigroup FY2025 | $85.2B | $14.3B | 16.8% |
| Wells Fargo FY2025 | $83.7B | $21.3B | 25.5% |
Banks don't report an operating income line, so the table shows net margin only.
Margin is the profit line divided by revenue, worked out by Ticker Sage from the linked figures. What profit margins measure.
Cash flow and cash returned
| Company | Cash from operations | Buybacks | Dividends paid |
|---|---|---|---|
| Citigroup FY2025 | −$67.6B | $13.2B | $5.4B |
| Wells Fargo FY2025 | −$19.0B | $17.5B | $5.4B |
A bank's cash from operations swings with its trading and lending balances, so Ticker Sage doesn't work out free cash flow for banks. How buybacks work · How dividends work.
How each one makes money
Citigroup
It reports five businesses. Services covers treasury and trade services and securities services for companies and institutions. Markets covers trading for institutional clients. Banking covers investment banking and corporate lending. Wealth serves wealthy individuals. US Personal Banking covers US credit cards and retail banking. Legacy Franchises holds businesses it is exiting.
It operates in many countries, and most of its funding comes from deposits. Its fiscal year is the calendar year.
Wells Fargo
It reports four operating segments. Consumer Banking and Lending covers branches, deposits, mortgages, credit cards and auto loans. Commercial Banking serves mid-sized companies. Corporate and Investment Banking covers lending, treasury services, investment banking and markets for larger companies and institutions. Wealth and Investment Management covers wealth advice and brokerage.
Most of its funding comes from customer deposits. Its fiscal year is the calendar year.
Main risks each one lists
Citigroup
- Its global reach exposes it to economic and political shocks in many countries.
- Borrowers and counterparties may not repay.
- Rate changes affect what it earns on loans and pays on deposits.
- Capital rules and regulatory actions can limit what it does.
- Its reorganization and exits from businesses may cost more or take longer than planned.
Wells Fargo
- Changes in rates affect what it earns on loans and pays on deposits.
- Borrowers may not repay, especially in a weaker economy.
- It depends on deposits and market funding.
- Capital, liquidity and conduct rules, and supervisory actions, can limit what it does.
- Cyberattacks, outages, fraud and errors could disrupt service.
How they differ
- Size. Citigroup reported $85.2B of revenue for fiscal 2025, and Wells Fargo $83.7B for fiscal 2025.
- Growth. Citigroup's revenue grew 5.6% in its latest year and Wells Fargo's 1.7%.
- Margins. Wells Fargo kept 25.5% of revenue as net income and Citigroup 16.8%.
- Segments. Citigroup reports Services, Markets, Banking, Wealth and US Personal Banking. Wells Fargo reports Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
- Exits. Citigroup's Legacy Franchises holds businesses it is exiting.
- Where the money goes. Both spent more on buybacks than on dividends in the latest year: Wells Fargo $17.5B and $5.4B, Citigroup $13.2B and $5.4B.
Differences in size, growth or margin describe the past year only. None of this says which business will do better.
Sources
- Citigroup Form 10-K for fiscal 2025, filed Feb 20, 2026
- Wells Fargo Form 10-K for fiscal 2025, filed Feb 24, 2026
Citigroup company file → · Wells Fargo company file →
Common questions
Which is bigger by revenue, Wells Fargo or Citigroup?
Citigroup reported $85.2B of revenue for fiscal 2025 and Wells Fargo $83.7B for fiscal 2025.
Why is there no free cash flow figure for these banks?
A bank's cash from operations moves with its trading assets, loans held for sale and other balances, so cash from operations minus capital spending doesn't describe the business the way it does elsewhere. Ticker Sage leaves free cash flow out for banks and shows the cash each one returned to shareholders.
How do their profit margins compare?
In the latest fiscal year Wells Fargo's net margin was 25.5% and Citigroup's was 16.8%, worked out from the net income and revenue in each 10-K.
Where do these numbers come from?
From each company's latest Form 10-K filed with the SEC. Every figure on this page links to the filing it came from.
Disclosures
- Editor holdings
- The editor holds no position in any company named on this page. As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- Each company's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold any security, and it doesn't consider your situation.
More in Learn · Methodology & Disclosures explains where every number comes from.