Company file · C
Citigroup
Citigroup's net income rose in 2025 as all five businesses grew
Total revenues net of interest expense rose 5.6% to $85.2B, and net income rose 12.8% to $14.3B. Net interest income was 70% of revenue.
Key facts
In fiscal 2025, which ended Dec 31, 2025, Citigroup (NYSE: C) took in $85.2B of total revenues, net of interest expense (up 5.6% on fiscal 2024); Citigroup net income was $14.3B (up 12.8%). The most recent quarter, ended Jun 30, 2026, brought net revenue of $24.8B, up 14.3% year over year, with net income of $5.8B. Markets was the biggest single line by business segment (before Legacy Franchises and Corporate/Other): 27% of fiscal 2025 total revenues, net of interest expense. Sources: 10-K for fiscal 2025 (filed Feb 20, 2026) and 10-Q for the quarter ended Jun 30, 2026 (filed Aug 6, 2026).
Source: 10-K FY2025, filed Feb 20, 2026
Source: 10-Q filed Aug 6, 2026
How it makes money
Net interest income was $59.8B in 2025, 70% of revenue. Markets was 27% of segment revenue, Services 26% and US Personal Banking 26%.
Source: 10-K FY2025
What changed last quarter
Comparing Q2 2026 (Apr to Jun 2026) compared with Q2 2025 (Apr to Jun 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 2026Q2 2025
Company
Source: Citigroup 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026
By business segment
Source: Citigroup 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026
The bull case and the bear case
The bull case
- Net income rose 12.8% in 2025 to $14.3B, on revenue up 5.6%. 10-K, FY2025
- Banking revenue grew 32.5% in 2025 to $8.2B. 10-K, FY2025
- Revenue in the quarter ended Jun 30, 2026 was $24.8B, up 14.3% on a year earlier, and net income rose 45.1% to $5.8B. 10-Q, quarter ended Jun 30, 2026
- Diluted shares fell 3.5% in 2025. 10-K, FY2025
The bear case
- US Personal Banking revenue grew just 4.6% in 2025. 10-K, FY2025
- With 70% of revenue from net interest income, results are sensitive to interest rates. 10-K, FY2025
- The 10-K lists the economy and geopolitics, credit, regulation and capital rules, and the execution of its transformation and divestitures among its risks. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Citigroup is a global bank serving companies, institutions, governments and consumers, with large treasury services, markets and investment banking businesses and US consumer banking and cards.
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.
Source: 10-K, Item 1 Business
Main risks the company lists
Our plain-English paraphrase of the risk factors in Citigroup's latest 10-K. Read the original for the full list.
- Economy and geopoliticsIts global reach exposes it to economic and political shocks in many countries.
- CreditBorrowers and counterparties may not repay.
- Interest ratesRate changes affect what it earns on loans and pays on deposits.
- RegulationCapital rules and regulatory actions can limit what it does.
- TransformationIts reorganization and exits from businesses may cost more or take longer than planned.
- Operations and cyberCyberattacks, outages and control failures could disrupt service.
Source: 10-K, Item 1A Risk Factors (the full list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenues, net of interest expense | $78.1B | $80.7B | $85.2B |
| Citigroup net income | $9.2B | $12.7B | $14.3B |
| Net interest income | $54.9B | $54.1B | $59.8B |
| Noninterest revenue | $23.2B | $26.6B | $25.4B |
| Deposits (year end) | $1.31T | $1.28T | $1.40T |
| Total assets (year end) | $2.41T | $2.35T | $2.66T |
| Shareholders' equity (year end) | $205.5B | $208.6B | $212.3B |
| Diluted shares | 1.96B | 1.94B | 1.87B |
- 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.
- Citigroup net income: Net income attributable to Citigroup, after credit-loss provisions, taxes and the share belonging to minority owners.
- Net interest income: Interest earned on loans and securities minus interest paid on deposits and borrowings.
- Noninterest revenue: Fees, commissions, trading and other revenue that isn't interest.
- Deposits: Money customers keep at the bank, a liability on its balance sheet.
- Total assets: Everything on the balance sheet: loans, securities, cash, trading assets and more.
- Shareholders' equity: Book value, including preferred stock.
- Diluted shares: Weighted average diluted common shares for the year.
About these numbers
- Banks don't report revenue the way other companies do. Revenue here is net interest income plus noninterest income, after interest expense, as Citigroup reports it.
- Segment revenue covers the five businesses only; Legacy Franchises and Corporate/Other aren't shown, so the five don't add up to total revenue.
- Net income is net income attributable to Citigroup.
- The provision for credit losses isn't shown: it isn't tagged in a form that could be matched to a consistent three-year series.
What we left out
- Operating cash flow: for a bank it mostly reflects trading and lending flows and says little about the business, so we leave it out.
- Total debt: borrowing is a normal part of how a bank funds itself, alongside deposits, so a debt total isn't comparable with other companies' and isn't shown.
- Cash: a bank's cash is mostly balances held with central banks for liquidity, not a cushion in the usual sense, so it isn't shown.
Recent filings
Latest filings
- Oct 225:15 PM ET
8-K
Citigroup files an 8-K on director or officer changes
Citigroup filed a Form 8-K on Oct 22, 2026 at 5:15 PM ET under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers).
- Oct 1310:09 AM ET
8-K
Citigroup files an 8-K on quarterly results
Citigroup filed a Form 8-K on Oct 13, 2026 at 10:09 AM ET under Item 2.02 (Results of Operations and Financial Condition).
- Oct 24:07 PM ET
Form 4
Citigroup director Koskull Casper Wilhelm Von reports an award of about 34 shares
The filing reports about 34 shares in a grant or award (code A).
- Oct 24:06 PM ET
Form 4
Citigroup director James S. Turley reports an award of about 207 shares
The filing reports about 207 shares in a grant or award (code A).
- Oct 24:06 PM ET
Form 4
Citigroup director Diana L. Taylor reports an award of about 314 shares
The filing reports about 314 shares in a grant or award (code A).
Common questions about Citigroup
How does Citigroup make money?
In fiscal 2025, total revenues, net of interest expense totaled $85.2B. Net interest income was $59.8B in 2025, 70% of revenue. Markets was 27% of segment revenue, Services 26% and US Personal Banking 26%. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
What was Citigroup's revenue in fiscal 2025?
Total revenues, net of interest expense came to $85.2B in the year ended Dec 31, 2025. Going back two years, it was $78.1B in fiscal 2023 and $80.7B in fiscal 2024, so the latest year was up 5.6%. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
Is Citigroup profitable?
Yes, by US accounting rules (GAAP): Citigroup net income was $14.3B in fiscal 2025, up 12.8% from $12.7B a year earlier. For the quarter ended Jun 30, 2026, net income was $5.8B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 20, 2026.
What did Citigroup report in its latest quarterly filing?
The 10-Q for the quarter ended Jun 30, 2026 shows net revenue of $24.8B, against $21.7B in the same quarter a year before (up 14.3%), and net income of $5.8B, against $4.0B (up 45.1%). Source: 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026.
What are the main risks Citigroup lists?
Item 1A of the fiscal 2025 10-K (filed Feb 20, 2026) sets out the risks. Grouped, they fall into 6 areas: Economy and geopolitics; credit; interest rates; regulation; transformation; operations and cyber. To start with the first: Its global reach exposes it to economic and political shocks in many countries. Source: 10-K, Item 1A Risk Factors.
Where do these Citigroup numbers come from?
Two filings Citigroup made with the SEC: its fiscal 2025 10-K, filed Feb 20, 2026, and its 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.
Disclosures
- Editor holdings in C
- The editor holds no position in Citigroup (C). As of Oct 25, 2026.
- Trading rule
- The editor does not buy or sell C from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Oct 25, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold C, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| CitigroupC | FY2025 | $85.2B | +5.6% | $14.3B |
| JPMorgan ChaseJPM | FY2025 | $182.4B | +2.8% | $57.0B |
| Bank of AmericaBAC | FY2025 | $113.1B | +6.8% | $30.5B |
| Wells FargoWFC | FY2025 | $83.7B | +1.7% | $21.3B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
More company files
- AAPL Apple
- MSFT Microsoft
- NVDA Nvidia
- AMZN Amazon
- GOOGL Alphabet
- META
- BRK.B Berkshire Hathaway
- AVGO Broadcom
- TSLA Tesla
- LLY Eli Lilly
- MU Micron
- WMT Walmart
- AMD
- V Visa
- XOM ExxonMobil
- JNJ Johnson & Johnson
- MA Mastercard
- ABBV AbbVie
- PLTR Palantir
- INTC Intel
- CVX Chevron
- COST Costco
- CSCO Cisco
- KO Coca-Cola
- ORCL Oracle
- UNH UnitedHealth
- PG Procter & Gamble
- MRK Merck
- HD Home Depot
- CAT Caterpillar
- PANW Palo Alto Networks
- PM Philip Morris International
- AMAT Applied Materials
- GE GE Aerospace
- DELL
- LRCX Lam Research
- MS Morgan Stanley
- NFLX Netflix
- TXN Texas Instruments
- RTX
- GS Goldman Sachs
- TMO Thermo Fisher
- IBM
- AMGN Amgen
- ANET Arista Networks
- GEV GE Vernova
- AXP American Express
- LIN Linde
- CRM Salesforce
- DIS Disney
- GILD Gilead
- QCOM Qualcomm
- VZ Verizon
- PEP PepsiCo
- BLK BlackRock
- COP ConocoPhillips
- ABT Abbott
- SNDK Sandisk
- MCD McDonald's
- DE Deere
- UNP Union Pacific
- NEE NextEra Energy
- PFE Pfizer
- NOW ServiceNow
- DHR Danaher
- ISRG Intuitive Surgical
- TMUS T-Mobile
- SCHW Charles Schwab
- BA Boeing
- T AT&T
- LMT Lockheed Martin
- UBER
- BMY Bristol Myers Squibb
- MO Altria
- COF Capital One
- BKNG Booking Holdings
- CVS CVS Health
- SBUX Starbucks
- LOW Lowe's
- SO Southern Company
- ADBE Adobe
New to filings? Learn lists the first explainer topics. Methodology & Disclosures covers where every number comes from.