Q3 25 EPS
$1.86
BEAT +8.00%
Est. $1.72
Q3 25 Revenue
$22.09B
BEAT +4.28%
Est. $21.18B
vs S&P Since Q3 25
+19.9%
BEATING MARKET
C +28.2% vs S&P +8.3%
Market Reaction
Did C Beat Earnings? Q3 2025 Results
Citigroup posted a stronger-than-expected third quarter for fiscal 2025, with earnings per share of $1.86 beating the $1.72 consensus estimate by 8.00% and revenue of $22.09 billion clearing Wall Street's $21.18 billion forecast by 4.28%. The headlin… Read more Citigroup posted a stronger-than-expected third quarter for fiscal 2025, with earnings per share of $1.86 beating the $1.72 consensus estimate by 8.00% and revenue of $22.09 billion clearing Wall Street's $21.18 billion forecast by 4.28%. The headline results carried an important asterisk, however: a $726 million goodwill impairment charge tied to Citi's agreement to sell a 25% equity stake in Grupo Financiero Banamex weighed on reported figures, with adjusted EPS of $2.24 and net income of $4.47 billion telling a cleaner story of 48% and 38% growth, respectively, versus the prior-year period. Revenue on a reported basis declined 49.0% year-over-year, reflecting the impairment and portfolio reshaping, though underlying momentum was broad-based; Markets delivered its best-ever third quarter, with equity revenues surging 15% on record prime balances, while Banking revenues climbed 34% on investment banking strength. Citi also returned approximately $6.10 billion to shareholders through buybacks and dividends, underscoring management's confidence in its ongoing transformation.
Key Takeaways
- • Revenue growth across all five interconnected businesses and Legacy Franchises
- • Markets delivered best third quarter ever with revenues up 15%
- • Services posted best quarter ever with revenues up 7%
- • Record Net New Investment Assets of $18.6 billion in Wealth
- • Net interest income increased 12% driven by Markets, USPB, Services, Wealth and Banking
- • Record prime balances up approximately 44% in Equity markets
- • Lower cost of credit down 15% year-over-year
- • Improved credit performance in Retail Services with net credit losses down 5%
C YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
C Revenue by Segment
With YoY comparisons, source: SEC Filings
“The relentless execution of our strategy is delivering stronger business performance quarter after quarter and improving our returns. The cumulative effect of what we have done over the past years – our transformation, our refreshed strategy, our simplification – have put Citi in a materially different place in terms of our ability to compete. Investments in new products, digital assets and AI are driving innovation and improved capabilities across the franchise.”
— Jane Fraser, Q3 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% |