Q4 25 EPS
$1.19
MISS 26.54%
Est. $1.62
Q4 25 Revenue
$19.87B
vs S&P Since Q4 25
+10.4%
BEATING MARKET
C +14.5% vs S&P +4.1%
Full Year 2025 Results
FY 25 Revenue
$85.23B
MISS 0.46%
Est. $85.62B
Market Reaction
Did C Beat Earnings? Q4 2025 Results
Citigroup delivered a headline miss in Q4 2025, reporting earnings per share of $1.19 against a consensus estimate of $1.62, a shortfall of 26.54%, while revenue of $19.87 billion reflected a 51.4% decline year-over-year. The primary culprit was a Ru… Read more Citigroup delivered a headline miss in Q4 2025, reporting earnings per share of $1.19 against a consensus estimate of $1.62, a shortfall of 26.54%, while revenue of $19.87 billion reflected a 51.4% decline year-over-year. The primary culprit was a Russia-related notable item, a $1.20 billion loss on the sale of AO Citibank tied to held-for-sale accounting treatment, which alone dragged reported EPS well below what underlying operations produced; stripping out the charge, adjusted EPS came in at $1.81. Beneath the headline noise, Citi's core franchises showed genuine traction, with Banking revenues surging 78% and Investment Banking fees climbing 35%, while U.S. Personal Banking net income more than doubled, rising 116% on easing credit provisions. For the full year, net income grew 13% to $14.31 billion on revenue of $85.22 billion. CEO Jane Fraser, who has also been raising price targets for select equities in other sectors, pointed to 2026 RoTCE guidance of 10% to 11% as evidence that Citi's multi-year transformation is gaining tangible momentum.
Key Takeaways
- • Record revenues and positive operating leverage across all five business segments
- • Banking revenue surged 78% driven by Investment Banking fees up 35% and Advisory fees up 84%
- • Services revenue growth fueled by deeper client relationships and new client mandates
- • USPB doubled its returns through customer engagement and innovative products
- • Net interest income increased 14% driven by Markets, Services, USPB, and Wealth
- • Net credit losses declined 2% year-over-year
- • Provision for credit losses declined 14% to $2.2 billion
- • End-of-period deposits up 9% to approximately $1.4 trillion
- • End-of-period loans up 8% to $752 billion
C YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
C Revenue by Segment
With YoY comparisons, source: SEC Filings
“With record revenues and positive operating leverage for each of our five businesses, 2025 was a year of significant progress as we demonstrated that the investments we are making are driving strong top-line growth. Growth in Services was fueled by deeper client relationships and new client mandates; Markets maintained its top 3 position and improved its returns; Banking played a key role in many of the year's major transactions; Wealth delivered strong results and launched several significant partnerships; and USPB doubled its returns through a focus on customer engagement and new, innovative products.”
— Jane Fraser, Q4 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% |