Q2 25 EPS
$1.96
BEAT +20.47%
Est. $1.63
Q2 25 Revenue
$21.67B
BEAT +4.04%
Est. $20.83B
vs S&P Since Q2 25
+26.7%
BEATING MARKET
C +42.1% vs S&P +15.4%
Market Reaction
Did C Beat Earnings? Q2 2025 Results
Citigroup posted a notably strong second quarter for 2025, with earnings per share of $1.96 clearing the $1.63 consensus estimate by 20.47% and revenue of $21.67 billion topping expectations by 4.04%, as broad-based momentum across all five of the ba… Read more Citigroup posted a notably strong second quarter for 2025, with earnings per share of $1.96 clearing the $1.63 consensus estimate by 20.47% and revenue of $21.67 billion topping expectations by 4.04%, as broad-based momentum across all five of the bank's business segments drove an 8% year-over-year revenue gain on a reported basis. The clearest engine behind the beat was Markets, where revenues surged 16% to $5.88 billion, the division's best second-quarter showing since 2020, fueled by a 20% jump in Fixed Income on strength in rates and currencies. Net income climbed to $4.02 billion, up from $3.22 billion a year earlier, while tangible book value per share reached $94.16, an 8% improvement year-over-year. CEO Jane Fraser characterized the firm's 2026 return on tangible common equity target of 10% to 11% as a waypoint rather than a destination, signaling management's intent to push returns higher over time, even as macroeconomic uncertainty tied to tariff policies and potential recession remain forward risks the firm is navigating carefully.
Key Takeaways
- • Revenue growth across all five interconnected businesses
- • Markets delivered best second-quarter performance since 2020 with Fixed Income up 20% and record prime balances
- • Banking Advisory fees surged 52% with market share gains across sectors and financial sponsors
- • Wealth revenues grew 20% driven by higher deposit spreads and investment fee revenues
- • Branded Cards revenues rose 11% on net interest margin expansion and loan growth
- • Net interest income increased 12% across Citigroup
- • Services continued to gain market share in TTS with cross-border transaction value up 9%
C YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
C Revenue by Segment
With YoY comparisons, source: SEC Filings
“We reported another very good quarter and continue to demonstrate that our strong results are sustainable through different environments. We're improving the performance of each of our businesses to take share and drive higher returns. With revenue up 8%, Services continues to show why this high-return business is our crown jewel. Markets had its best second quarter performance since 2020 with a record second quarter for Equities. Banking revenues were up 18% and we continue to be at the center of some of the most significant transactions. Wealth revenues were up 20% with solid growth across all three lines of business. In U.S. Personal Banking, we saw good growth in Branded Cards while Retail Banking benefited from higher deposit spreads.”
— Jane Fraser, Q2 2025 Earnings Press Release
C Earnings Trends
C vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
C EPS Trend
Earnings per share: estimate vs actual
C Revenue Trend
Quarterly revenue: estimate vs actual
C Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $3.06 | — | $24.63B | — |
| Q4 25 MISS FY | $1.62 | $1.19 | -26.54% | $19.87B | — |
| FY Full Year | $7.96 | — | — | $85.23B | -0.46% |
| Q3 25 BEAT | $1.72 | $1.86 | +8.00% | $22.09B | +4.28% |
| Q2 25 BEAT | $1.63 | $1.96 | +20.47% | $21.67B | +4.04% |
| Q1 25 BEAT | $1.85 | $1.96 | +5.69% | $21.60B | +1.45% |