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Citigroup Inc.

C

Citigroup Inc. • NYSE
$103.56 ▲ 1.03% (+1.06)
Market Cap $192.69 B
52w High $105.59
52w Low $55.51
Dividend Yield 2.32%
P/E 14.54
Volume 5.51M
Outstanding Shares 1.86B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $43.84B ▲ $14.29B ▲ $3.752B ▼ 8.558% ▼ $1.9 ▼ $5.35B ▼
Q2-2025 $42.352B ▲ $13.577B ▲ $4.019B ▼ 9.49% ▼ $1.98 ▼ $6.316B ▼
Q1-2025 $41.255B ▲ $13.445B ▲ $4.064B ▲ 9.851% ▲ $2 ▲ $6.498B ▲
Q4-2024 $40.9B ▼ $13.203B ▼ $2.856B ▼ 6.983% ▼ $1.36 ▼ $4.821B ▼
Q3-2024 $43.359B $13.278B $3.238B 7.468% $1.53 $5.471B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $672.575B ▲ $2.642T ▲ $2.429T ▲ $213.023B ▼
Q2-2025 $563.203B ▲ $2.623T ▲ $2.409T ▲ $213.222B ▲
Q1-2025 $527.782B ▲ $2.572T ▲ $2.358T ▲ $212.408B ▲
Q4-2024 $498.019B ▼ $2.353T ▼ $2.144T ▼ $208.598B ▼
Q3-2024 $534.959B $2.431T $2.221T $209.083B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.833B ▼ $1.1B ▲ $-6.363B ▼ $0 ▼ $0 ▼ $1.1B ▲
Q2-2025 $4.019B ▼ $-36.579B ▲ $50.034B ▲ $7.089B ▼ $29.142B ▼ $-38.334B ▲
Q1-2025 $4.065B ▲ $-58.708B ▼ $-98.983B ▼ $184.976B ▲ $31.799B ▲ $-60.225B ▼
Q4-2024 $2.856B ▼ $24.796B ▲ $7.749B ▼ $-47.306B ▼ $-26.562B ▼ $23.108B ▲
Q3-2024 $3.239B $-16.674B $51.388B $15.391B $56.96B $-18.235B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Banking Segment
Banking Segment
 $1.60Bn ▲$2.89Bn ▲$1.95Bn ▼$1.92Bn ▼
Markets
Markets
 $4.82Bn ▲$9.64Bn ▲$5.99Bn ▼$5.88Bn ▼
Personal Banking and Wealth Management
Personal Banking and Wealth Management
 $2.00Bn ▲$3.81Bn ▲$2.10Bn ▼$2.17Bn ▲
Services
Services
 $5.03Bn ▲$9.86Bn ▲$4.89Bn ▼$5.06Bn ▲
US Personal Banking
US Personal Banking
 $5.04Bn ▲$10.15Bn ▲$5.23Bn ▼$5.12Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Citigroup’s revenue has grown strongly over the past few years, especially recently, showing that its core businesses are gaining traction again. Profitability is solidly positive but noticeably more uneven than the top line: earnings have swung up and down as the bank absorbs restructuring costs, invests in technology, and manages through changing credit and interest‑rate cycles. Margins look thinner than in its best years, suggesting that while the bank is growing, it is paying for that growth through higher expenses and ongoing cleanup of legacy issues. Overall, the income statement tells a story of a large bank in transition: healthier revenue, but still normalizing profitability and efficiency.

Balance Sheet

Balance Sheet The balance sheet is very large, diversified, and relatively stable over time, which is typical for a global bank of this size. Total assets have stayed broadly flat, with only modest shifts, implying no aggressive balance‑sheet expansion. Equity has inched upward, indicating gradual capital build and retained earnings, even through choppy conditions. Debt levels are significant but in line with a major wholesale‑funded bank, and cash and liquid assets remain substantial. The picture is of a systemically important institution with a broadly steady financial foundation, but one that must continuously manage complex risks across many countries and business lines.

Cash Flow

Cash Flow Citigroup’s cash flows are volatile, which is normal for a bank but can look alarming compared with non‑financial companies. Reported operating and free cash flows swing from strongly positive to deeply negative as loans, deposits, trading positions, and securities move around the balance sheet. Underneath that, the bank continues to generate accounting profits, so the cash swings mainly reflect the mechanics of banking rather than an obvious collapse in underlying earnings. Still, sustained negative operating cash flow over recent years points to heavy balance‑sheet repositioning and investment, which adds complexity and makes it harder to read true cash generation at a glance.

Competitive Edge

Competitive Edge Citigroup holds a meaningful but more selective competitive edge. Its strongest advantages lie in businesses that require global reach and complex cross‑border capabilities, especially its treasury and trade solutions platform, which is deeply embedded in many multinational corporations’ day‑to‑day operations. This creates high switching costs and long‑lasting relationships. The bank’s presence in many countries and its established brand are additional barriers for new entrants. However, competition from other global banks and specialized players is intense, and Citigroup has historically lagged some peers in profitability and consistency. As a result, its moat looks real but not impregnable, and the bank is working to sharpen it by exiting non‑core markets and focusing on areas where it is hardest to displace.

Innovation and R&D

Innovation and R&D Citigroup is leaning heavily into technology to strengthen its position. It is embedding artificial intelligence into advisory tools, risk management, and client service, and using advanced digital platforms to streamline onboarding, compliance checks, and transaction processing. Its work on blockchain and tokenized deposits, such as Citi Token Services, is relatively advanced among large banks and could make cross‑border payments and treasury operations faster and more flexible for institutional clients. Through Citi Ventures, it also taps into fintech innovation rather than relying only on internal development. This innovation push offers clear upside but comes with execution, regulatory, and cybersecurity risks, and the benefits will likely emerge gradually rather than all at once.

Summary

Citigroup today looks like a large global bank that is recovering and reshaping itself rather than one that has fully arrived at a new steady state. Revenue growth has been strong, but profits and margins remain uneven as the firm invests, restructures, and navigates a complex macro and regulatory backdrop. Its balance sheet is big and broadly stable, with ample liquidity and capital typical of a systemically important bank, though the business model naturally carries credit, market, and operational risks. Cash flows are noisy and hard to interpret in isolation, reflecting the nature of banking more than a simple story of strength or weakness. Competitively, Citigroup’s greatest strengths lie in global networks, transaction banking, and high switching costs for major corporate and institutional clients, while it continues to close gaps versus some more profitable peers. Its technology and digital initiatives are ambitious and, if executed well, could deepen its moat over time. Overall, the company appears to be in a multi‑year transition: simplifying, modernizing, and concentrating on the businesses where it can be most distinctive, with both meaningful opportunities and execution risks ahead.

NEWS

November 20, 2025 · 4:18 PM UTC

Citi Announces CFO Transition Plans and Changes to U.S. Personal Banking Business

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November 12, 2025 · 9:00 AM UTC

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November 7, 2025 · 11:00 AM UTC

Citi Unveils Strategic Expansion of Citi Token Services: Euro Integration Advances 24/7, Multi-Currency Liquidity and Payment Solutions Globally

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October 29, 2025 · 4:33 PM UTC

Citi Lowers Base Rate

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October 27, 2025 · 12:00 PM UTC

Citi and Coinbase Join Forces to Boost Digital Asset Payment Capabilities for Global Clients

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