Citigroup (C) FY2024 results: revenue $80.7 billion, up 3.4% on the year
Citigroup Inc. (C) reported revenue of $80.7 billion for fiscal 2024, the year ended 31 December 2024, up 3.4% on the year before. Net income was $12.7 billion, up 37.4%, and diluted earnings per share $5.94. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$80.7 billion
+3.4% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$12.7 billion
+37.4% on the year
FY2017FY2024
Diluted EPS
$5.94
+47.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-19,669
-73,416
25,069
Capital expenditure
6,500
6,583
5,632
-1.3%
Free cash flow
-26,169
-79,999
19,437
Cash from investing
86,250
-8,459
-79,455
Cash from financing
-38,304
687
137,763
Depreciation and amortisation
4,311
4,560
4,262
-5.5%
Buybacks
2,474
1,977
3,250
+25.1%
Dividends paid
5,199
5,212
5,003
-0.2%
Diluted shares, weighted
1,940m
1,956m
1,964m
-0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
208,598
205,453
201,189
+1.5%
Non-controlling interest
768
798
649
-3.8%
Deposits
1,284,458
1,308,681
1,365,954
-1.9%
Trading liabilities
133,846
155,345
170,647
-13.8%
Debt
590,560
602,183
521,146
-1.9%
Other liabilities
134,715
139,374
157,091
-3.3%
Total liabilities and equity
2,352,945
2,411,834
2,416,676
-2.4%
Goodwill
19,300
20,098
19,691
-4.0%
Intangible assets
4,494
4,421
4,428
+1.7%
Securities held for sale or to maturity
469,258
511,183
518,542
-8.2%
Loans
675,914
671,217
640,247
+0.7%
Trading assets
442,747
411,756
334,114
+7.5%
Cash and equivalents
276,532
260,932
342,025
+6.0%
Other assets
464,700
532,227
557,629
-12.7%
Total assets
2,352,945
2,411,834
2,416,676
-2.4%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.