Citigroup reported record revenues and positive operating leverage in 2025, demonstrating strong top-line growth across its five businesses, with significant capital returned to shareholders.
Record revenues for 2025, reaching $85.2 billion, a 6% increase year-over-year.
positiveServices segment revenues increased 15% year-over-year to $5.9 billion in Q4 2025, driven by growth in Treasury and Trade Solutions and Securities Services.
positiveBanking segment revenues surged 79% year-over-year to $2.2 billion in Q4 2025, primarily due to a significant increase in Corporate Lending.
positiveReturned approximately $17.6 billion of capital to shareholders in 2025, the most since the pandemic.
positiveNet income for Q4 2025 decreased 13% year-over-year to $2.5 billion, impacted by a $1.2 billion loss on the sale of AO Citibank in Russia.
negativeTotal operating expenses increased 6% year-over-year in Q4 2025, driven by higher compensation, legal, and technology expenses.
attentionTotal non-accrual loans increased 35% year-over-year to $3.6 billion, with corporate non-accrual loans up 45% and consumer non-accrual loans up 24%.
negativeMarkets segment net income decreased 22% year-over-year in Q4 2025, due to higher expenses and lower revenues.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Services | $5942000.0B | $5165000.0B | +15.0% | 46.7% |
Markets | $4542000.0B | $4576000.0B | -1.0% | 35.7% |
Banking | $2236000.0B | $1247000.0B | +79.0% | 17.6% |
| Total Revenue | $12720000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
2025 was a year of significant progress with record revenues and positive operating leverage for each of our five businesses.
Investments made are driving strong top-line growth across Services, Markets, Banking, Wealth, and USPB.
Returned over $17 billion of capital to shareholders in 2025, the most since the pandemic.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.