Citigroup Inc. (CSTOCK) 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 and estimates are standardised from the company's filings. 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 2026-11-02