Sep 2026 (Q3 FY26) — Oct 13, 2026
Citigroup Inc. Q3 FY26 — Strong Revenue Growth and Improved Returns
Read the full callCitigroup (C) earnings
- Dec 2025
- Sep 2026 (Q3 FY26)
- Dec 2025
Citigroup earnings: last reported Tue, 13 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 19,871 | +1.5% YoY | Quarterly, as filed | Quarter to Dec 2025 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Dec 2025 | Not in the filed figures for the quarter to dec 2025. No older figure is substituted. | ||
| Net profit | 2,471 | −13.5% YoY | Quarterly, as filed | Quarter to Dec 2025 | Profit after tax as filed. |
Guidance
What management said, and what became of it
18 of 19 judged targets kept · 22 open · verdicts reflect calls analysed to Sep 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Banamex stake sale | close on an additional 1.4% stake | Jun 2026 | In legacy franchises, we closed on the sale of a 1.4% equity stake of Banamex, bringing the total amount divested so far to 49%. | Achieved |
| Card Net Credit Losses | Within the ranges given for 2025 | Dec 2025 | we now expect a full year total U.S. credit card NCL rate of around 4%, the low end of the range we provided previously | Revised Up |
| Banamex deconsolidation CET1 impact | slightly accretive | Sep 2026 | we expect the impacts related to the deconsolidation process to be slightly accretive to our CET1 capital ratio. | New |
1 of CITIGROUP INC's 41 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 38 more targets are in the full ledger.
Claimed
- Net income increased 17% year-over-year to $5.2 billion, with EPS of $2.85 and RoTCE of 11.5%.
- Total revenues grew 8% year-over-year to $23.8 billion, marking the best third-quarter revenue in a decade, with growth in 4 out of 5 businesses.
- Services business delivered a standout quarter with revenues up 15% and an RoTCE of 31.2%.
- Wealth management saw net new investment assets of $38 billion, more than double the amount from a year ago.
- CET1 ratio stood at 12.8%, approximately 120 basis points above the current regulatory minimum.
Qualified
- U.S. Consumer Cards revenues were flat year-over-year due to higher partner payments and rewards costs.
- Corporate lending revenues, excluding gains on loan hedges, declined 16% year-over-year.
- Markets business is expected to experience a typical seasonal decline in Q4, potentially more than 20% quarter-over-quarter given strong year-to-date performance.
Price
$121.69 −2.07% · −$2.57
Performance +25.4% 1Y
1Y: $97.07 on 17 Oct 2025 → $121.69. High $145.67 (22 Jun 2026), low $96.3 (22 Oct 2025).
- Previous close
- $124.26
- 52-week range
- $96.3 – $145.67
- One year
- +22.55%
Overview
- Symbol
- C
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
18 of 19 judged targets kept · 22 open · verdicts reflect calls analysed to Sep 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Banamex stake sale | close on an additional 1.4% stake | Jun 2026 | In legacy franchises, we closed on the sale of a 1.4% equity stake of Banamex, bringing the total amount divested so far to 49%. | Achieved |
| Card Net Credit Losses | Within the ranges given for 2025 | Dec 2025 | we now expect a full year total U.S. credit card NCL rate of around 4%, the low end of the range we provided previously | Revised Up |
| Banamex deconsolidation CET1 impact | slightly accretive | Sep 2026 | we expect the impacts related to the deconsolidation process to be slightly accretive to our CET1 capital ratio. | New |
Claimed
- Net income increased 17% year-over-year to $5.2 billion, with EPS of $2.85 and RoTCE of 11.5%.
- Total revenues grew 8% year-over-year to $23.8 billion, marking the best third-quarter revenue in a decade, with growth in 4 out of 5 businesses.
- Services business delivered a standout quarter with revenues up 15% and an RoTCE of 31.2%.
- Wealth management saw net new investment assets of $38 billion, more than double the amount from a year ago.
- CET1 ratio stood at 12.8%, approximately 120 basis points above the current regulatory minimum.
Qualified
- U.S. Consumer Cards revenues were flat year-over-year due to higher partner payments and rewards costs.
- Corporate lending revenues, excluding gains on loan hedges, declined 16% year-over-year.
- Markets business is expected to experience a typical seasonal decline in Q4, potentially more than 20% quarter-over-quarter given strong year-to-date performance.
The full ledger
Open CITIGROUP INC’s full ledger
A free account opens 5 company ledgers a month. All 41 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 14, 2026
Citigroup Inc. Q2 FY26 — Strong Revenue Growth and Improved Returns
Read the full callMar 2026 (Q1 FY26) — Apr 14, 2026
Citigroup Q1 FY26 — Broad-based momentum with four of five businesses growing revenue double digits
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
Citigroup earnings calls (C)
Financials
What the filings say
Net profit, year on year: −13% (quarter to dec 2025 against dec 2024).
| Line item | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 21,016 | 20,032 | 20,209 | 19,581 | 21,596 | 21,668 | 22,090 | 19,871 |
| Interest | 22,716 | 22,494 | — | — | — | — | — | — |
| Profit before tax | 4,544 | 4,310 | 4,390 | 3,802 | 5,448 | 5,219 | 5,350 | 3,811 |
| Tax rate | 25.0% | 24.3% | 25.4% | 24.0% | 24.6% | 22.7% | 29.1% | 33.8% |
| Net profit | 3,371 | 3,217 | 3,238 | 2,856 | 4,064 | 4,019 | 3,752 | 2,471 |
| EPS ($ per share) | 1.59 | 1.54 | 1.53 | — | 2 | 1.98 | 1.89 | — |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 151,347 | 165,369 | 168,272 | 184,948 | 194,734 | 198,905 | 206,294 | 215,128 |
| Total liabilities | 1,720,309 | 1,757,212 | 2,059,890 | 2,088,741 | 2,214,838 | 2,205,583 | 2,143,579 | 2,443,380 |
| Fixed assets | — | — | — | 24,328 | 26,253 | 28,747 | 30,192 | 33,339 |
| Total assets | 1,917,383 | 1,951,158 | 2,260,000 | 2,291,000 | 2,417,000 | 2,412,000 | 2,352,945 | 2,657,202 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 36,952 | -12,837 | -23,488 | 47,090 | 25,069 | -73,416 | -19,669 | -67,632 |
| Cash from investing | -73,118 | -23,374 | -92,445 | -110,746 | -79,455 | -8,459 | 86,250 | -108,282 |
| Cash from financing | 44,528 | 42,933 | 233,595 | 17,272 | 137,763 | 687 | -38,304 | 238,031 |
| Net cash flow | 7,589 | 5,814 | 115,696 | -47,582 | 79,992 | -81,093 | 15,600 | 73,047 |
| Capital expenditure | -3,774 | -5,336 | -3,446 | -4,119 | -5,632 | -6,583 | -6,500 | -6,520 |
| Free cash flow | 33,178 | -18,173 | -26,934 | 42,971 | 19,437 | -79,999 | -26,169 | -74,152 |
C revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Markets | 24% | 23% | 28% | 27% | 25% | 23% | 29% | 28% | +19.2% |
| Services | 25% | 26% | 23% | 23% | 24% | 30% | 25% | 26% | +26.1% |
| US Personal Banking | 25% | 27% | 24% | 24% | 24% | 27% | 19% | 18% | -11.7% |
| Wealth | 10% | 10% | 10% | 10% | 10% | 11% | 12% | 13% | +46.7% |
| Banking | 8% | 6% | 9% | 9% | 10% | 11% | 7% | 8% | +0.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
C operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 13.4%We ended the quarter with a CET1 ratio of 13.4% and our tangible book value per share crossed $90.Source: earnings call transcript | 13.2%We ended the quarter at a common equity Tier 1 capital ratio of 13.2%, over 100 bps above our regulatory requirement at quarter end.Source: earnings call transcript | 13.2%We ended the quarter with a preliminary 13.2% standardized CET1 capital ratio, approximately 160 basis points above our 11.6% regulatory capital requirement, which reflects a 3.6% stress capital buffer.Source: earnings call transcript | 12.7%We ended the quarter with a CET1 ratio of 12.7%, which is 110 basis points above our regulatory capital requirement, and our tangible book value grew by 8% from a year ago.Source: earnings call transcript | 12.8%Our CET1 ratio stood at 12.8% and remains about 120 basis points above our current regulatory minimum.Source: earnings call transcript | 12.8%Our tangible book value per share rose 6% to $101.9 and our CET1 ratio stood at 12.8%.Source: earnings call transcript | 0 pt |
| Return on tangible common equity (ROTCE) | 9.1%This morning, we reported net income of $4.1 billion and earnings per share of $1.96 with an ROTCE of 9.1%.Source: earnings call transcript | — | — | 13.1%This morning, we reported net income of $5.8 billion for the first quarter with an EPS of $3.06 and an ROTCE of 13.1%.Source: earnings call transcript | 13%This morning, we reported net income of $5.8 billion for the second quarter with an EPS of $3.15 and an RoTCE of 13%.Source: earnings call transcript | 11.5%This morning, we reported net income of $5.2 billion for the third quarter with an EPS of $2.85 and an RoTCE of 11.5%.Source: earnings call transcript | -1.5 pt |
| Return on tangible common equity (ROTCE) Services | 26.2%Services generated positive operating leverage for the third consecutive quarter and delivered net income of $1.6 billion and continued to deliver a high ROTCE of 26.2%.Source: earnings call transcript | 28.9%Services generated positive operating leverage for the fifth consecutive quarter and delivered net income of $1.8 billion, with an ROTCE of 28.9% in the quarter and 26.1% year-to-date.Source: earnings call transcript | 36.1%Services delivered net income of $2.2 billion, with an RoTCE of 36.1% in the quarter and 28.6% for the full year.Source: earnings call transcript | 27%Services generated positive operating leverage and delivered net income of $2.2 billion with an RoTCE of 27%.Source: earnings call transcript | 30.9%Services generated positive operating leverage and delivered net income of $2.6 billion with an RoTCE of 30.9% in the quarter and 29% year-to-date.Source: earnings call transcript | 31.2%Average deposits increased 16% primarily driven by growth in the US Services generated positive operating leverage, net income of $2.6 billion and an RoTCE of 31.2% in the quarter and 29.7% year-to-date.Source: earnings call transcript | +0.3 pt |
| Return on tangible common equity (ROTCE) Markets | 14.3%Markets generated positive operating leverage for the fourth consecutive quarter and delivered net income of $1.8 billion and an ROTCE of 14.3%.Source: earnings call transcript | 12.3%Markets generated positive operating leverage for the sixth consecutive quarter and delivered net income of $1.6 billion with an ROTCE of 12.3% in the quarter and 13.5% year-to-date.Source: earnings call transcript | 6.2%Markets delivered net income of $783 million with an RoTCE of 6.2% in the quarter and 11.6% for the full year.Source: earnings call transcript | 18.7%Markets generated positive operating leverage and delivered net income of $2.6 billion with an RoTCE of 18.7%.Source: earnings call transcript | 17%Markets generated positive operating leverage and delivered net income of $2.4 billion with an RoTCE of 17% in the quarter and 17.8% year-to-date.Source: earnings call transcript | 12.3%Markets delivered net income of $1.7 billion an RoTCE of 12.3% in the quarter and 15.9% year-to-date.Source: earnings call transcript | -4.7 pt |
| Return on tangible common equity (ROTCE) Banking | 10.7%Banking generated positive operating leverage for the fifth consecutive quarter and delivered net income of $543 million and an ROTCE of 10.7%.Source: earnings call transcript | 12.3%Banking generated positive operating leverage for the seventh consecutive quarter and delivered net income of $638 million with an ROTCE of 12.3% in the quarter and 10.7% year-to-date.Source: earnings call transcript | 13.2%Banking generated positive operating leverage for the 8th consecutive quarter and delivered net income of $685 million with an RoTCE of 13.2% in the quarter and 11.3% for the full year.Source: earnings call transcript | 15.8%Banking delivered net income of $304 million with an RoTCE of 15.8%.Source: earnings call transcript | 18%Banking generated positive operating leverage and delivered net income of $350 million with an RoTCE of 18% in the quarter and 16.9% year-to-date.Source: earnings call transcript | 19.2%Banking delivered net income of $378 million, an RoTCE of 19.2% in the quarter and 17.7% year-to-date.Source: earnings call transcript | +1.2 pt |
| Net new assets Wealth | — | — | $7.2BNet new investment asset flows slowed to $7.2 billion in the quarter, consistent with typical seasonality and we continued to see growth in client investment assets which were up 14% including the impact of market valuations with net new investment assets for the full year representing approximately 8% organic growth.Source: earnings call transcript | ~$15BNet new investment asset flows were approximately $15 billion in the quarter, contributing to approximately $43 billion in the last 12 months, representing approximately 7% organic growth.Source: earnings call transcript | $15.7BNet new investment asset flows were $15.7 billion in the quarter, contributing to over $56 billion in the last 12 months, representing 9% organic growth.Source: earnings call transcript | $38BWe brought in $38 billion in net new investment assets this quarter, up over 100% from a year ago.Source: earnings call transcript | +142% |
| Return on tangible common equity (ROTCE) Wealth | 9.4%Wealth had a pretax margin of 17% and generated positive operating leverage for the fourth consecutive quarter and delivered net income of $284 million and an ROTCE of 9.4%.Source: earnings call transcript | 12.1%Wealth had a pretax margin of 22%, generated positive operating leverage for the sixth consecutive quarter and delivered net income of $374 million, with an ROTCE of 12.1% in the quarter and 12.5% year-to-date.Source: earnings call transcript | 10.9%Wealth had a pretax margin of 21%, generated positive operating leverage for the 7th consecutive quarter and delivered net income of $338 million with an RoTCE of 10.9% in the quarter and 12.1% for the full year.Source: earnings call transcript | 10.8%Wealth had a pretax margin of 18%, generated positive operating leverage and delivered net income of $432 million with an ROTCE of 10.8%.Source: earnings call transcript | 14.4%Wealth had a pretax margin of 23%, generated positive operating leverage and delivered net income of $583 million with an RoTCE of 14.4% in the quarter and 12.6% year-to-date.Source: earnings call transcript | 14.3%Wealth had a pretax margin of 22%, generated positive operating leverage, net income of $585 million and an RoTCE of 14.3% in the quarter and 13.2% year-to-date.Source: earnings call transcript | -0.1 pt |
| Return on tangible common equity (ROTCE) US Personal Banking | 12.9%USPB generated positive operating leverage for the tenth consecutive quarter and delivered net income of $745 million and an ROTCE of 12.9%.Source: earnings call transcript | 14.5%USPB generated positive operating leverage for the 12th consecutive quarter and delivered net income of $858 million with an ROTCE of 14.5% in the quarter and 12.9% year-to-date.Source: earnings call transcript | 14.3%USPB generated positive operating leverage for the 13th consecutive quarter and delivered net income of $845 million with an RoTCE of 14.3% in the quarter and 13.2% for the full year.Source: earnings call transcript | — | — | — | -0.2 pt |
| Employees | — | — | 226KI want to thank Jane, my colleagues and all 226,000 employees for the privilege of serving as your CFO over the last 7 years.Source: earnings call transcript | — | 219KThe benefits of our past investments and productivity efforts have allowed us to gain efficiencies across our expense base and reduce our headcount to 219,000 with over $800 million of severance incurred year-to-date.Source: earnings call transcript | — | — |
| Efficiency ratio | — | — | — | 58%Expenses of $14.3 billion were up 7% with an efficiency ratio of 58%, which I'll provide details on shortly.Source: earnings call transcript | — | 58.5%Expenses of $14 billion were down 2% on a reported basis with an efficiency ratio of 58.5%.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
138 filings between Oct 22, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$23.04M
11 sales by 8 insiders
Compensation
not trading decisions- 101
- Award — granted as compensation
- 25
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Torres Cantu Ernesto | — | $7.48M | Feb 13, 2026 |
| Giles Nicole | — | $3.68M | Apr 15, 2026 |
| Habner Pamela | — | $3.49M | Feb 12, 2026 |
| Skyler Edward | — | $3.29M | Apr 15, 2026 |
| LUCHETTI GONZALO | — | $2.30M | Feb 12, 2026 |
| Garg Sunil | — | $2.13M | Feb 11, 2026 |
| Mason Mark | — | $416.0K | Feb 20, 2026 |
| DUGAN JOHN CUNNINGHAM | — | $265.3K | May 8, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 6 | $854 |
| Oct 1, 2026 | TAYLOR DIANA L Director | Award | 6 | $854 |
| Oct 1, 2026 | Turley James S Director | Award | 201 | $26.4K |
| Oct 1, 2026 | HENNES DUNCAN P Director | Award | 6 | $854 |
| Oct 1, 2026 | DUGAN JOHN CUNNINGHAM Director | Award | 475 | $62.5K |
| Oct 1, 2026 | Dailey Grace E Director | Award | 6 | $854 |
| Oct 1, 2026 | REINER GARY M Director | Award | 417 | $54.9K |
| Oct 1, 2026 | COLE TITILOPE Director | Award | 10 | $1.3K |
| Oct 1, 2026 | HENNES DUNCAN P Director | Award | 201 | $26.4K |
| Oct 1, 2026 | James Renee Jo Director | Award | 6 | $854 |
| Oct 1, 2026 | COLE TITILOPE Director | Award | 6 | $854 |
| Oct 1, 2026 | James Renee Jo Director | Award | 160 | $21.0K |
| Oct 1, 2026 | von Koskull Casper Wilhelm Director | Award | 27 | $3.6K |
| Oct 1, 2026 | von Koskull Casper Wilhelm Director | Award | 6 | $854 |
| Oct 1, 2026 | TAYLOR DIANA L Director | Award | 308 | $40.5K |
| Oct 1, 2026 | Turley James S Director | Award | 6 | $854 |
| Oct 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 236 | $31.1K |
| Oct 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 10 | $1.4K |
| Jul 1, 2026 | Turley James S Director | Award | 5 | $762 |
| Jul 1, 2026 | James Renee Jo Director | Award | 5 | $762 |
| Jul 1, 2026 | TAYLOR DIANA L Director | Award | 254 | $36.1K |
| Jul 1, 2026 | TAYLOR DIANA L Director | Award | 5 | $762 |
| Jul 1, 2026 | HENNES DUNCAN P Director | Award | 165 | $23.6K |
| Jul 1, 2026 | COLE TITILOPE Director | Award | 5 | $762 |
| Jul 1, 2026 | REINER GARY M Director | Award | 385 | $54.9K |
| Jul 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 3 | $491 |
| Jul 1, 2026 | Dailey Grace E Director | Award | 5 | $762 |
| Jul 1, 2026 | HENNES DUNCAN P Director | Award | 5 | $762 |
| Jul 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 222 | $31.7K |
| Jul 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 10 | $1.4K |
| Jul 1, 2026 | COLE TITILOPE Director | Award | 8 | $1.2K |
| Jul 1, 2026 | von Koskull Casper Wilhelm Director | Award | 22 | $3.2K |
| Jul 1, 2026 | von Koskull Casper Wilhelm Director | Award | 5 | $762 |
| Jul 1, 2026 | James Renee Jo Director | Award | 132 | $18.8K |
| Jul 1, 2026 | Turley James S Director | Award | 165 | $23.6K |
| Jul 1, 2026 | DUGAN JOHN CUNNINGHAM Director | Award | 438 | $62.5K |
| May 8, 2026 | DUGAN JOHN CUNNINGHAM Director | Sale | 2,117 | $265.3K |
| Apr 20, 2026 | Livingstone David Chief Client Officer | Tax withheld | 85,180 | $11.26M |
| Apr 15, 2026 | Skyler Edward Hd of Ent Svc & Public Affairs | Sale | 25,000 | $3.29M |
| Apr 15, 2026 | Giles Nicole CHIEF ACCOUNTING OFFICER | Sale | 12,732 | $1.68M |
| Apr 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 245 | $27.2K |
| Apr 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 12 | $1.3K |
| Apr 1, 2026 | James Renee Jo Director | Award | 168 | $18.7K |
| Apr 1, 2026 | James Renee Jo Director | Award | 7 | $758 |
| Apr 1, 2026 | HENNES DUNCAN P Director | Award | 211 | $23.4K |
| Apr 1, 2026 | HENNES DUNCAN P Director | Award | 7 | $758 |
| Apr 1, 2026 | Dailey Grace E Director | Award | 7 | $758 |
| Apr 1, 2026 | DUGAN JOHN CUNNINGHAM Director | Award | 563 | $62.5K |
| Apr 1, 2026 | MOULDS JONATHAN PAUL Director | Award | 3 | $342 |
| Apr 1, 2026 | COLE TITILOPE Director | Award | 17 | $1.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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