Citigroup
C · NYSENational Commercial Banks · Fiscal year ends Dec 31
Citigroup reported revenue of $85.2B in the fiscal year ended Dec 2025, up 5.6% from the year before. Net income was $14.3B. Operating cash flow of −$67.6B less capital expenditure of $6.5B left free cash flow of −$74.2B. Net debt was $18.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $71.9B | $75.3B | $78.1B | $80.7B | $85.2B |
| Net interest incomeBanks | $42.5B | $48.7B | $54.9B | $54.1B | $59.8B |
| Interest expense | $8B | $25.7B | $78.4B | – | – |
| Pre-tax income | $27.5B | $18.8B | $12.9B | $17B | $19.8B |
| Income tax | $5.5B | $3.6B | $3.5B | $4.2B | $5.4B |
| Net income | $22B | $14.8B | $9.2B | $12.7B | $14.3B |
| Diluted EPS | 10.14 | 7.00 | 4.04 | 5.94 | 6.99 |
| Diluted shares | 2,049M | 1,964M | 1,956M | 1,940M | 1,873M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $262B | $342B | $261B | $277B | $350B |
| Goodwill | $21.3B | $19.7B | $20.1B | $19.3B | $19.1B |
| Total assets | $2,291B | $2,417B | $2,412B | $2,353B | $2,657B |
| Short-term debt | $28B | $47.1B | $37.5B | $48.5B | $51.9B |
| Long-term debt | $254B | $272B | $287B | $287B | $316B |
| DepositsBanks | $1,317B | $1,366B | $1,309B | $1,284B | $1,404B |
| Total liabilities | $2,089B | $2,215B | $2,206B | $2,144B | $2,443B |
| Shareholders' equity | $202B | $201B | $205B | $209B | $212B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $47.1B | $25.1B | −$73.4B | −$19.7B | −$67.6B |
| Capital expenditure | $4.1B | $5.6B | $6.6B | $6.5B | $6.5B |
| Free cash flow | $43B | $19.4B | −$80B | −$26.2B | −$74.2B |
| Depreciation & amortisation | $4B | $4.3B | $4.6B | $4.3B | $4.4B |
| Share buybacks | $7.6B | $3.3B | $2B | $2.5B | $13.3B |
| Dividends paid | $5.2B | $5B | $5.2B | $5.2B | $5.4B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.8% | 3.6% | 3.4% | 5.6% |
| EPS growth (YoY) | – | −31.0% | −42.3% | 47.0% | 17.7% |
| Net margin | 30.5% | 19.7% | 11.8% | 15.7% | 16.8% |
| Return on equityBlank when equity is negative | 10.9% | 7.4% | 4.5% | 6.1% | 6.7% |
| Free cash flow margin | 59.8% | 25.8% | −102.5% | −32.4% | −87.0% |
| Cash conversion (CFO ÷ net income) | 2.15x | 1.69x | −7.96x | −1.55x | −4.73x |
| Debt ÷ equity | 1.40x | 1.58x | 1.58x | 1.61x | 1.73x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $20.3B | −$23.3B | $63.1B | $59.3B | $18.1B |
Recent filings
More in National Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.