Citigroup Inc. (C) Income Statement
C 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsC revenue and net income
Where C's revenue goes
2025Each bar shows an amount and its share of revenue. C kept 8.5% of revenue as net income.
C profit margins
C growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.4% | +18.9% | +13.6% | +6.7% |
| Gross profit | +5.5% | +2.7% | +5.2% | +0.8% |
| Operating income | +16.3% | +1.8% | +7.8% | −2.2% |
| Net income | +12.8% | −1.2% | +5.3% | −1.8% |
| EPS (diluted) | +20.6% | +1.8% | +8.3% | +3.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
C quarterly EPS vs estimates
Citigroup beat the analyst EPS estimate in 7 of the last 8 quarters.
C income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $168.28B | $170.71B | $155.38B | $100.22B | $79.87B | $88.83B | $103.45B | $97.12B | $88.96B | $83.31B |
| Cost of revenue | $93.24B | $99.59B | $87.48B | $30.85B | $4.09B | $30.71B | $36.69B | $31.73B | $23.86B | $19.29B |
| Gross profit | $75.05B | $71.12B | $67.90B | $69.37B | $75.78B | $58.12B | $66.76B | $65.39B | $65.10B | $64.02B |
| Research & development | $2.33B | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $30.82B | $29.75B | $30.71B | $28.30B | $26.74B | $23.54B | $23.02B | $22.80B | $22.90B | $22.81B |
| Total operating expenses | $55.22B | $54.07B | $54.99B | $50.56B | $48.31B | $44.49B | $42.86B | $41.94B | $42.34B | $42.54B |
| Operating income | $19.83B | $17.05B | $12.91B | $18.81B | $27.47B | $13.63B | $23.90B | $23.45B | $22.76B | $21.48B |
| Interest income | $142.86B | $143.71B | $133.26B | $74.41B | $50.48B | $58.09B | $76.51B | $70.56B | $60.98B | $57.44B |
| Interest expense | $83.07B | $89.62B | $78.36B | $25.74B | $7.98B | $13.34B | $28.38B | $24.27B | $16.52B | $12.51B |
| Income before taxes | $19.83B | $17.05B | $12.91B | $18.81B | $27.47B | $13.63B | $23.90B | $23.45B | $22.76B | $21.48B |
| Income taxes | $5.37B | $4.21B | $3.53B | $3.64B | $5.45B | $2.52B | $4.43B | $5.36B | $29.39B | $6.44B |
| Net income | $14.31B | $12.68B | $9.23B | $14.85B | $21.95B | $11.05B | $19.40B | $18.05B | −$6.80B | $14.91B |
| EBITDA | $24.20B | $21.36B | $17.47B | $23.07B | $31.43B | $17.57B | $27.81B | $27.20B | $26.42B | $25.20B |
| EPS (diluted) | $7.50 | $6.22 | $5.59 | $7.11 | $10.07 | $5.04 | $7.57 | $6.65 | $5.03 | $4.72 |
| Gross margin | 44.6% | 41.7% | 43.7% | 69.2% | 94.9% | 65.4% | 64.5% | 67.3% | 73.2% | 76.8% |
| Operating margin | 11.8% | 10.0% | 8.3% | 18.8% | 34.4% | 15.3% | 23.1% | 24.1% | 25.6% | 25.8% |
| Net margin | 8.5% | 7.4% | 5.9% | 14.8% | 27.5% | 12.4% | 18.8% | 18.6% | −7.6% | 17.9% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.81B | $45.30B | $44.44B | $40.65B | $43.84B | $42.34B | $41.26B | $40.90B | $43.36B | $42.64B | $43.72B | $41.40B |
| Cost of revenue | $2.59B | $23.04B | $22.59B | $23.16B | $24.19B | $23.52B | $22.36B | $23.89B | $25.69B | $24.96B | $25.04B | $26.08B |
| Gross profit | $21.23B | $22.26B | $21.84B | $17.49B | $19.66B | $18.82B | $18.89B | $17.00B | $17.67B | $17.68B | $18.68B | $15.32B |
| Research & development | — | — | — | — | $2.33B | — | — | — | — | — | — | — |
| Sales, general & admin | $8.16B | $8.29B | $8.63B | $7.41B | $7.75B | $7.93B | $7.73B | $7.26B | $7.37B | $7.19B | $7.93B | $7.28B |
| Total operating expenses | $13.92B | $14.23B | $14.32B | $13.68B | $14.31B | $13.60B | $13.45B | $13.20B | $13.28B | $13.37B | $14.13B | $17.42B |
| Operating income | $7.31B | $8.03B | $7.52B | $3.81B | $5.35B | $5.22B | $5.45B | $3.80B | $4.39B | $4.31B | $4.54B | −$2.10B |
| Interest income | — | $37.66B | $35.51B | $36.65B | $36.69B | $35.86B | $33.67B | $35.05B | $36.46B | $35.99B | $36.22B | $36.38B |
| Interest expense | $21.78B | $20.54B | $19.77B | $20.98B | $21.75B | $20.68B | $19.65B | $21.31B | $23.09B | $22.49B | $22.72B | $22.55B |
| Income before taxes | $7.31B | $8.03B | $7.52B | $3.81B | $5.35B | $5.22B | $5.45B | $3.80B | $4.39B | $4.31B | $4.54B | −$2.10B |
| Income taxes | $1.89B | $2.00B | $1.58B | $1.29B | $1.56B | $1.19B | $1.34B | $912.0M | $1.12B | $1.05B | $1.14B | −$296.0M |
| Net income | $5.25B | $5.83B | $5.79B | $2.47B | $3.75B | $4.02B | $4.06B | $2.86B | $3.24B | $3.22B | $3.37B | −$1.84B |
| EBITDA | $7.31B | $9.18B | $8.63B | $4.91B | $6.47B | $6.32B | $6.50B | $4.82B | $5.47B | $5.41B | $5.65B | −$931.0M |
| EPS (diluted) | $2.85 | $3.15 | $3.06 | $1.24 | $2.26 | $2.04 | $1.96 | $1.35 | $1.52 | $1.56 | $1.79 | $0.84 |
| Gross margin | 89.1% | 49.1% | 49.2% | 43.0% | 44.8% | 44.4% | 45.8% | 41.6% | 40.7% | 41.5% | 42.7% | 37.0% |
| Operating margin | 30.7% | 17.7% | 16.9% | 9.4% | 12.2% | 12.3% | 13.2% | 9.3% | 10.1% | 10.1% | 10.4% | −5.1% |
| Net margin | 22.0% | 12.9% | 13.0% | 6.1% | 8.6% | 9.5% | 9.9% | 7.0% | 7.5% | 7.5% | 7.7% | −4.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in C's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
C financial results
In fiscal year 2025 (ended December 31, 2025), Citigroup reported revenue of $168.3 billion, down 1.4% from the year before. It had net income of $14.3 billion (up 12.8%), a net profit margin of 8.5%. Diluted earnings per share came to $7.50. Over five years revenue grew at an average rate of 13.6% a year.
See the C stock overview for the latest quote and news, or the C chart for price history and technical indicators.
C income statement FAQ
What is Citigroup's annual revenue?
Citigroup reported total revenue of $168.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.4% from $170.7 billion the previous year.
Is Citigroup profitable?
Yes. Citigroup reported net income of $14.3 billion in fiscal 2025, a net profit margin of 8.5%; its operating margin was 11.8%.
What is Citigroup's gross margin?
Citigroup's gross margin was 44.6% in fiscal 2025: for every $100 of revenue, Citigroup kept $45 after the direct cost of its products and services.
How much does Citigroup spend on research and development?
Citigroup spent $2.3 billion on research and development in fiscal 2025, 1.4% of revenue.
How fast is Citigroup growing?
Revenue grew 13.6% a year on average over the last five fiscal years, from $88.8 billion to $168.3 billion.
What are Citigroup's earnings per share?
Citigroup earned $7.50 per diluted share in fiscal 2025, compared with $6.22 a year earlier.
When does Citigroup's fiscal year end?
Citigroup's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.