greeksoup/ stock research
Stock research / United States / C / Q4 FY2025

Citigroup (C) Q4 FY2025 earnings: revenue $19.9 billion, up 1.5% on the year

Citigroup Inc. (C) reported revenue of $19.9 billion for Q4 FY2025, the quarter ended 31 December 2025, up 1.5% on the same quarter a year earlier. Net income was $2.5 billion, down 13.5% on the year, and diluted earnings per share $1.19. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2026.

Revenue
$19.9 billion
+1.5% on the year · -10.0% on the quarter
Q1 FY2024Q4 FY2025
Operating margin
n/a
Q1 FY2024Q4 FY2025
Net income
$2.5 billion
-13.5% on the year · -34.1% on the quarter
Q1 FY2024Q4 FY2025
Diluted EPS
$1.19
-10.5% on the year · -36.0% on the quarter
Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • Revenue up 2% reported: Revenue rose 2% reported and 8% excluding the Russia-related notable item. Banking, Services, USPB and Wealth grew while All Other declined.
  • Net income lower on Russia item: Excluding the Russia-related notable item, net income was $3.6 billion. Higher expenses and the limited tax benefit of the item drove the reported decline.
  • Services revenue up 15%: Services net income was $2.2 billion, up 20%. Net interest income rose 18% on higher average deposits and spreads, and non-interest revenue rose 10%.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ4 FY2025Q3 FY2025Q4 FY2024On the quarterOn the yearLast 8 quarters
Revenue19,87122,09019,581-10.0%+1.5%
Pre-tax income3,8115,3503,802-28.8%+0.2%
Income tax1,2881,559912-17.4%+41.2%
Effective tax rate33.8%29.1%24.0%
Net income2,4713,7522,856-34.1%-13.5%
Net margin12.4%17.0%14.6%
Diluted EPS$1.19$1.86$1.33-36.0%-10.5%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2025Q3 FY2025Q4 FY2024On the quarterOn the yearLast 8 quarters
Operating cash flow26,5551,10024,796+2,314.1%+7.1%
Capital expenditure1,6311,6171,688+0.9%-3.4%
Free cash flow24,924-51723,108+7.9%
Cash from investing-49,330-10,0037,749
Cash from financing25,28120,685-47,306+22.2%
Depreciation and amortisation1,1031,1231,019-1.8%+8.2%
Buybacks4,5005,000968-10.0%+364.9%
Dividends paid1,3511,3701,314-1.4%+2.8%
Dividend per share$0.60$0.60$0.560.0%+7.1%
Diluted shares, weightedn/a1,863m1,940m
Shares outstanding at period end1,749m1,789m1,884m-2.2%-7.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2025Q3 FY2025Q4 FY2024On the quarterOn the yearLast 8 quarters
Shareholders' equity212,291213,023208,598-0.3%+1.8%
Non-controlling interest1,531854768+79.3%+99.3%
Deposits1,403,5731,383,9291,284,458+1.4%+9.3%
Trading liabilities162,798160,243133,846+1.6%+21.6%
Debt715,803720,332590,560-0.6%+21.2%
Other liabilities161,206164,094134,715-1.8%+19.7%
Total liabilities and equity2,657,2022,642,4752,352,945+0.6%+12.9%
Goodwill19,09819,12619,300-0.1%-1.0%
Intangible assets4,2844,3304,494-1.1%-4.7%
Securities held for sale or to maturity436,551443,319469,258-1.5%-7.0%
Loans732,983714,699675,914+2.6%+8.4%
Trading assets537,139562,254442,747-4.5%+21.3%
Cash and equivalents349,579348,060276,532+0.4%+26.4%
Other assets577,568550,687464,700+4.9%+24.3%
Total assets2,657,2022,642,4752,352,945+0.6%+12.9%

Questions

What was Citigroup's revenue in Q4 FY2025?

Citigroup (C) reported revenue of $19.9 billion for Q4 FY2025, the quarter ended 31 December 2025, up 1.5% on the same quarter a year earlier.

How much did Citigroup earn in Q4 FY2025?

Net income for Q4 FY2025 was $2.5 billion, down 13.5% on the year, and diluted earnings per share $1.19.

When did Citigroup report Q4 FY2025 results?

Citigroup filed its 10-K for the year that ended with the quarter on 20 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 †Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue17,01719,18619,63818,50818,00621,44719,43620,13917,44021,01620,03220,20919,58121,59621,66822,09019,87124,63324,76623,845
Interest expense2,0092,2803,6667,35612,43816,04718,74721,00922,55522,71622,494n/an/an/an/an/an/an/an/an/a
Pre-tax income3,9505,2665,9714,3943,1766,1834,0424,788-2,1034,5444,3104,3903,8025,4485,2195,3503,8117,5178,0297,307
Tax rate20%18%20%20%20%25%27%25%n/a25%24%25%24%25%23%29%34%21%25%26%
Net income3,1734,3064,5473,4792,5134,6062,9153,546-1,8393,3713,2173,2382,8564,0644,0193,7522,4715,7855,8315,245
Net margin19%22%23%19%14%21%15%18%-11%16%16%16%15%19%19%17%12%23%24%22%
Diluted EPS$1.46$2.02$2.19$1.63$1.16$2.19$1.33$1.63-$1.11$1.58$1.52$1.51$1.33$1.96$1.96$1.86$1.19$3.06$3.15$2.85
Operating cash flow2,064-13,54410,275-90129,239-30,485-54,05915,794-4,666-10,831-16,960-16,67424,796-58,708-36,5791,10026,555-21,873-24,07923,777
Capital expenditure1,3081,2291,2361,2021,9651,6341,4911,6931,7651,6071,6441,5611,6881,5171,7551,6171,6311,4151,5511,507
Free cash flow756-14,7739,039-2,10327,274-32,119-55,55014,101-6,431-12,438-18,604-18,23523,108-60,225-38,334-51724,924-23,288-25,63022,270
Buybacks1532,83336750.00.00.01,0004295484131119829681,7511,9995,0004,5006,3004,0003,000
Dividends paid1,2391,2861,2281,2631,2261,2671,2801,3521,3131,2911,2521,3421,3141,3231,3281,3701,3511,3531,3611,474
Shares outstanding1,981m1,942m1,937m1,937m1,944m1,947m1,926m1,914m1,911m1,907m1,908m1,891m1,884m1,868m1,841m1,789m1,749m1,706m1,677m1,655m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 20 February 2026: the filing.