Citigroup Inc. (C) financials
NYSE · Financial Services · Banks - Diversified · 217,000 employees · CEO Jane Nind Fraser
- Price
- $122.64 -2.48%
- Market cap
- $206B
- Enterprise value
- $668B
- Last report
- Q3 '26 filed 2026-10-13
- Next report
- 2027-01-14
Revenue (TTM)$176B+4.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)15.1%+3.4 pp vs a year agoOperating income $26.7B
Net income (TTM)$19.3B+31.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$24B+68.4% vs a year agoCapex $4.6B
Diluted EPS (TTM)$10.25+44.0% vs a year agoSum of the last 4 quarters
Net cash$645B+1,453.6% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $206B EV $668B
- Revenue
- $176B Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- 11.0% Net income / revenue, TTM
- P/E
- 11.7×
- P/S
- 1.2× Price / sales, TTM
- EV / EBITDA
- 12.9× TTM
- Free cash flow
- -$24B Trailing 12 months
- Net income
- $19.3B Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2027-01-14
- Dividend
- $2.47 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth steady: 4.1% year on yearQ3 '26 revenue $45.6B, against an average of 3.8% over the four quarters before.
- Operating margin 15.1% (TTM), +3.4 pp on a year agoOperating income grew 34.5% while revenue grew 4.6%.
- Capex 2.6% of revenue (a year ago 3.9%)$4.6B invested in the last 4 quarters (-30.1% on a year earlier). Free cash flow -$24B = -124.1% of net income.
- Diluted share count down 8.4% in a year1.71B diluted shares in Q3 '26, 1.86B a year earlier.
- Net cash $645BCash + short-term investments $1.46T, debt incl. leases $817B; a year ago net debt $47.7B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $45.6B | $43.8B | +4.1% |
| Gross margin | 46.6% | 44.8% | +1.8 pp |
| Operating income | $7.31B | $5.35B | +36.6% |
| Operating margin | 16.0% | 12.2% | +3.8 pp |
| Net income | $5.25B | $3.75B | +39.8% |
| Diluted EPS | $2.85 | $1.86 | +53.2% |
| Operating cash flow | $0 | $1.1B | -100.0% |
| Capex | $0 | $1.62B | -100.0% |
| Free cash flow | $0 | -$517M | +100.0% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $0 | $0 | – |
Revenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '25 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| U.S. Personal Banking | $5.29B | -47.9% | 26.3% | $21B | -17.1% | |
| Services | $5.94B | -39.7% | 29.5% | $21.3B | -12.6% | |
| Markets | $4.54B | -52.9% | 22.6% | $22B | -11.8% | |
| Personal Banking and Wealth Management | $2.13B | -44.1% | 10.6% | $8.56B | -8.2% | |
| Banking Segment | $2.21B | -23.5% | 11.0% | $8.22B | +4.9% |
Revenue by region
share of total| Segment | Q4 '25 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| North America | $8.4B | +1.2% | 45.9% | $34B | +2.4% | |
| Asia | $4.1B | +17.1% | 22.4% | $15B | +8.7% | |
| EMEA | $3.2B | +14.3% | 17.5% | $11.1B | +4.7% | |
| Latin America | $2.6B | +13.0% | 14.2% | $9.7B | +6.6% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- -$19.4B
- Capex
- -$4.6B
- Buybacks
- -$16.3B
- Dividends
- -$4.07B
- Acquisitions
- $0
- Net debt issued
- $39.9B
- Stock-based compensation
- $0
- Free cash flow
- -$24B
- Returned to shareholders / FCF
- -84.9%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 11.7× | 10.6× | 5.9× – 16.1× |
| EV / EBITDA | 12.9× | 18.5× | 10.6× – 25.2× |
| EV / Sales | 3.8× | 3.1× | 2.6× – 4.2× |
| Price / FCF | -8.6× | 3.7× 2 of 5 years | 2.9× – 4.5× |
| Price / Book | 1.0× | 0.6× | 0.4× – 1.0× |
| FCF yield | -11.7% | -15.6% | -80.6% – 35.0% |
| Return on invested capital | 1.8% | 1.7% | 0.9% – 2.9% |
| Return on equity | 9.2% | 7.1% | 4.5% – 10.9% |
Analysts
Consensus target $151.50 (+23.5%)
range $135.00 – $165.00 · rating Buy
Strong buy0
Buy17
Hold9
Sell1
Strong sell0
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 394 figures Citigroup Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$41.9B | -$47.9B | +12.4% | -$41.9B | -$47.9B | +12.4% |
| Additional Collateral, Aggregate Fair Value | $200M | $200M | 0.0% | $200M | $200M | 0.0% |
| Additional Paid in Capital | $108B | $109B | -0.6% | $108B | $109B | -0.6% |
| Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | $24.1B | $21.9B | +9.8% | -$81.9B | -$32.4B | -153.3% |
| Amortization of Intangible Assets | – | – | – | $245M | $371M | -34.0% |
| Assets | $2.66T | $2.35T | +12.9% | $2.66T | $2.35T | +12.9% |
| Banking Regulation, Tier One Leverage Capital Ratio, Capital Adequacy, Minimum | 4.0% | 4.0% | 0.0% | 4.0% | 4.0% | 0.0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 6.0% | 6.0% | 0.0% | 6.0% | 6.0% | 0.0% |
| Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum | 8.0% | 8.0% | 0.0% | 8.0% | 8.0% | 0.0% |
| Broker-Dealer, Payable to Customer | $61.2B | $52B | +17.6% | $61.2B | $52B | +17.6% |
| Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization | $13.7B | $14.6B | -6.4% | $13.7B | $14.6B | -6.4% |
| Carrying Value of Federal Funds Purchased, Securities Sold under Agreements to Repurchase, and Deposits Received for Securities Loaned | $348B | $255B | +36.6% | $348B | $255B | +36.6% |
| Carrying Value of Federal Funds Sold, Securities Purchased under Agreements to Resell, and Deposits Paid for Securities Borrowed | $356B | $274B | +30.0% | $356B | $274B | +30.0% |
| Carrying Value of Securities Purchased under Agreements to Resell and Deposits Paid for Securities Borrowed | $356B | $274B | +30.0% | $356B | $274B | +30.0% |
| Carrying Value of Securities Sold under Repurchase Agreements and Deposits Received for Securities Loaned | $348B | $255B | +36.6% | $348B | $255B | +36.6% |
| Cash and Due from Banks | $23.7B | $22.8B | +4.1% | $23.7B | $22.8B | +4.1% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $0 | $0 | – | -$100M | -$500M | +80.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $350B | $277B | +26.4% | $350B | $277B | +26.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.52B | -$26.6B | +105.7% | $73B | $15.6B | +368.3% |
| Collateral Already Posted, Aggregate Fair Value | $13B | $13B | 0.0% | $13B | $13B | 0.0% |
| Commercial Paper | $19.9B | $28.9B | -31.0% | $19.9B | $28.9B | -31.0% |
| Common Stock, Dividends, Per Share, Declared | $0.60 | $0.56 | +7.1% | – | – | – |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 6B | 6B | 0.0% | 6B | 6B | 0.0% |
| Common Stock, Shares, Issued | 3.1B | 3.1B | 0.0% | 3.1B | 3.1B | 0.0% |
| Common Stock, Value, Issued | $31M | $31M | 0.0% | $31M | $31M | 0.0% |
| Communications and Information Technology | $2.43B | $2.28B | +6.6% | $9.42B | $9.04B | +4.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.33B | $201M | +1,059.7% | $17.8B | $9.63B | +85.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.4B | $167M | +1,334.1% | $18.1B | $9.72B | +86.4% |
| Credit Derivative, Maximum Exposure, Undiscounted | $475B | $439B | +8.2% | $475B | $439B | +8.2% |
| Credit Risk Derivative Assets, at Fair Value | $9.72B | $8.72B | +11.6% | $9.72B | $8.72B | +11.6% |
| Credit Risk Derivative Liabilities, at Fair Value | $11.2B | $7.25B | +54.9% | $11.2B | $7.25B | +54.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$43M | -$33M | -30.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $5.14B | $5.95B | -13.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $4.92B | $6.11B | -19.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$176M | $195M | -190.3% |
| Debt and Equity Securities, Gain (Loss) | $107M | $118M | -9.3% | $471M | $328M | +43.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $24.9B | $33.8B | -26.5% | $24.9B | $33.8B | -26.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $711M | $1.63B | -56.5% | $711M | $1.63B | -56.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $54.6B | $83.7B | -34.8% | $54.6B | $83.7B | -34.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $416M | $1.09B | -61.7% | $416M | $1.09B | -61.7% |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | -$170M | -$287M | +40.8% | -$184M | -$323M | +43.0% |
| Debt Securities, Available-for-sale, Restricted | $4.93B | $5.39B | -8.5% | $4.93B | $5.39B | -8.5% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $79.5B | $118B | -32.4% | $79.5B | $118B | -32.4% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $1.13B | $2.72B | -58.6% | $1.13B | $2.72B | -58.6% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | $156M | $133M | +17.3% | $156M | $133M | +17.3% |
| Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | $10.5B | $18.1B | -42.2% | $10.5B | $18.1B | -42.2% |
| Debt Securities, Held-to-maturity, Fair Value | $180B | $224B | -20.0% | $180B | $224B | -20.0% |
| Debt Securities, Held-to-maturity, Restricted | $70M | $0 | – | $70M | $0 | – |
| Debt Securities, Held-to-maturity, Transfer, Amount | – | – | – | $0 | $0 | – |
| Debt Securities, Trading, and Equity Securities, FV-NI | $537B | $443B | +21.3% | $537B | $443B | +21.3% |
| Debt Securities, Trading, Restricted | $229B | $193B | +18.4% | $229B | $193B | +18.4% |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $7M | $6M | +16.7% | $7M | $6M | +16.7% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $247B | $227B | +8.7% | $247B | $227B | +8.7% |
| DebtSecuritiesAvailableForSaleWeightedAverageYield | 4.3% | 4.2% | +0.7% | 4.3% | 4.2% | +0.7% |
| DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest | $146M | $137M | +6.6% | $146M | $137M | +6.6% |
| DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss | – | – | – | $3.3B2023-01-01 | – | – |
| DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss | $190B | $242B | -21.7% | $190B | $242B | -21.7% |
| DebtSecuritiesHeldToMaturityExcludingAccruedInterestCreditLossExpenseReversal | $15M | -$5M | +400.0% | $12M | $50M | -76.0% |
| DebtSecuritiesHeldToMaturityWeightedAverageYield | 2.4% | 2.4% | +1.7% | 2.4% | 2.4% | +1.7% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30
Data as of 2026-11-01