| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 24.8K | 0.5% | 14.3% |
| Total Income | 24.8K | 0.5% | 14.3% |
| Expenditure | 16.9K | 2.0% | 2.8% |
| PBT | 8.0K | 6.8% | 53.8% |
| Net Profit | 5.8K | 0.8% | 45.1% |
| OPM | โ | ||
| NPM | 23.54% | 0.06pp | 5.00pp |
| EPS | 3.20 | 2.6% | 61.6% |
Citigroup Reports Second Quarter 2026 Results
14 Jul 2026 ยท 14 Jul, 7:16 pm
Summary
Citigroup announced strong second quarter 2026 results, with net income rising 45% to $5.8 billion and total revenues increasing 14% to $24.8 billion year-over-year. The company saw significant growth across its business segments, with Services achieving its highest quarterly revenue and Banking and Equity Markets showing substantial increases. Management highlighted the firm's best quarterly revenue in a decade and the successful execution of its strategy, which is improving returns and creating more durable results for investors.
Key Highlights
- 1
Citigroup reported second quarter 2026 net income of $5.8 billion, a 45% increase from the prior-year period.
- 2
Total revenues for the second quarter 2026 were $24.8 billion, up 14% year-over-year.
- 3
Services delivered its highest ever quarterly revenue at $6.4 billion, an 18% increase year-over-year.
- 4
Equity markets revenues increased by 45% to $2.3 billion, driven by growth in derivatives.
- 5
Banking revenues climbed 34% to $1.9 billion, primarily driven by strong performance in Investment Banking.
- 6
Wealth revenues increased 13% to $3.2 billion, with growth across all businesses.
- 7
Citigroup returned approximately $5.0 billion to common shareholders in the form of share repurchases and dividends during the quarter.
Management Comments
Jane Fraser
With net income up 45%, this was Citiโs best quarterly revenue in a decade with double-digit revenue growth for the firm and in four out of our five businesses. Services delivered its highest ever quarterly revenue and a return of over 30%. In Markets, strong results in FX and spread products also show how much clients rely on our global network while Equities showed continued momentum with revenues up 45%. Banking revenues climbed 34% and we played a role in the majority of the top equity and debt issuances. Wealth revenues increased for the 9th straight quarter with almost two-thirds of Net New Investment Assets growth coming from deepening relationships with existing clients. Despite short-term headwinds from investments in our U.S. Consumer Cards portfolio, our resilient customer base kept fueling underlying drivers: loan growth, higher spend and better credit performance than expected. Our growing earnings generation will allow us to increase our planned dividend by 12% and we have launched our $30 billion buyback plan. The combination of our investments, disciplined execution and focus on clients is improving our returns and creating more durable results for our investors.
Informational and educational content only. Not investment advice.