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REPORTABLE BUSINESS SEGMENTS AND ALL OTHER
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
REPORTABLE BUSINESS SEGMENTS AND ALL OTHER REPORTABLE BUSINESS SEGMENTS AND ALL OTHER
The reportable business segments (segments) and All Other reflect how the CEO, who is the chief operating decision maker (CODM), manages the Company, including allocating resources and measuring performance.
Citi is organized into five reportable business segments: Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB), with the remaining operations recorded in All Other, which includes activities not assigned to a specific segment, as well as discontinued operations.
All Other results are presented on a managed basis that excludes divestiture-related impacts related to (i) Citi’s divestitures of its Asia consumer banking businesses and (ii) the ongoing divestiture of Banamex within All Other—Legacy Franchises. The managed basis presents investors with a view of operating earnings that provides increased transparency and clarity into the operational results of Citi’s performance; improves the visibility of management decisions and their impacts on operational performance; enables better comparison to peer companies; and allows Citi to provide a long-term strategic view of the business going forward.
The following is a description of each of Citi’s reportable operating segments, and the products and services they provide to their respective client bases.

Services
Services includes Treasury and Trade Solutions (TTS) and Securities Services. TTS provides an integrated suite of tailored cash management, payments and trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. Securities Services connects investors and issuers across global markets, providing a comprehensive product offering, including on-the-ground local market expertise, post-trade technologies, customized data solutions and a wide range of securities services solutions.

Markets
Markets includes Fixed Income Markets and Equity Markets and provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The range of services includes market-making across asset classes, risk management solutions, financing and prime brokerage.

Banking
Banking includes Investment Banking, which supports client capital-raising needs to help strengthen and grow their businesses, including equity and debt capital markets-related strategic financing solutions, as well as advisory services related to mergers and acquisitions, divestitures, restructurings and corporate defense activities; and Corporate Lending, which includes corporate and commercial banking, serving as the conduit of Citi’s full product suite to clients.
Wealth
Wealth includes Private Bank, Wealth at Work and Citigold and provides financial and advisory services to a range of client segments including affluent, high net worth and ultra-high net worth clients through banking, lending, mortgages, investment, custody and trust product offerings in approximately 20 countries, including the U.S., and four wealth management centers: Singapore, Hong Kong, the UAE and London. Private Bank provides financial services to ultra-high net worth clients through customized product offerings. Wealth at Work provides financial services to professional industries (including law firms, consulting groups, accounting and asset management) through tailored solutions. Citigold includes Citigold and Citigold Private Clients, both of which provide financial services to affluent and high net worth clients through elevated product offerings and financial relationships.

USPB
USPB includes Branded Cards, Retail Services and Retail Banking. Branded Cards includes proprietary card portfolios, co-branded card portfolios and personal installment loans. Retail Services includes co-brand and private label relationships. Retail Banking includes traditional banking services for retail and small business customers.

All Other
All Other primarily consists of activities not assigned to the reportable operating segments, including certain unallocated costs of global functions, other corporate expenses and net treasury results, offsets to certain line-item reclassifications and eliminations, and unallocated taxes; discontinued operations within Corporate/Other; and Legacy Franchises, which consists of Asia Consumer and Mexico Consumer/SBMM businesses that Citi has exited or intends to exit, and its remaining Legacy Holdings Assets. Corporate/Other within All Other also includes all restructuring charges related to actions taken as part of Citi’s organizational simplification initiatives. See Note 9.

Basis of Presentation
Revenues and expenses directly associated with each segment or line of business are included in determining respective operating results. Other revenues and expenses that are attributable to a particular segment or All Other are generally allocated from Corporate/Other within All Other based on respective net revenues, non-interest expenses or other relevant measures.
Effective as of the first quarter of 2026, Citi transferred its Retail Banking business from USPB to Wealth, and the remaining USPB businesses, including Branded Cards and Retail Services, were integrated into a new U.S. Consumer Cards (USCC) segment. Beginning in the first quarter of 2026, Citi will revise its financial reporting structure to reflect these management reporting changes.


Intersegment Transactions
Revenues and expenses from transactions with other segments and All Other are treated as transactions with external parties for purposes of segment disclosures, while funding charges paid by segments and funding credits received by Corporate Treasury within All Other are included in net interest income.
The Company includes intersegment eliminations from Corporate/Other within All Other to reconcile the segment results to Citi’s consolidated results.

Funds Transfer Pricing
Funding charges paid by segments and funding credits paid by Treasury are included in net interest income under funds transfer-pricing methodologies. As part of their ongoing activities, Citi’s businesses generate interest rate-sensitive positions from their client-facing products, such as loans and deposits. Interest rate risk is transferred via Citi’s funds transfer-pricing process to Treasury. Treasury uses various tools to manage the total interest rate risk position within the established risk appetite and target Citi’s desired risk profile, including its investment securities portfolio, company-issued debt and interest rate derivatives.
The funds transfer-pricing framework (FTP) allocates the costs and benefits associated with these risks, as well as contingent liquidity risk, from Treasury to the operating business segments. FTP costs and benefits are allocated based on methodologies that are set by the Citigroup Asset and Liability Committee (ALCO). The methodologies are reviewed and updated as appropriate to ensure they align with Citi’s balance sheet strategy and overall risk management framework as well as any changes in market conditions.
The accounting policies of these segments and All Other are the same as those disclosed in “Accounting Changes” within Note 1.

The following tables present certain information regarding the Company’s continuing operations by reportable business segment and All Other on a managed basis that excludes divestiture-related impacts. The CODM uses Income (loss) from continuing operations as the performance measure, to evaluate the results of each reportable business segment and All Other by comparing to and monitoring against budget and prior-year results. This information is used to allocate resources to each of the segments and All Other and to make operational decisions when managing the Company, such as
whether to reinvest profits or to return capital to shareholders through dividends and share repurchases. Divestitures that result in the substantial liquidation of CTA from foreign operations residing in a single segment related to the disposed foreign operations are recognized within that segment. Where CTA amounts reside across multiple segments, the amounts are recognized in their entirety within All Other—Legacy Franchises. The Company’s approach is consistent with how the CODM views and evaluates business results.

In millions of dollars, except end-of-period assets,
average loans and average deposits in billions		ServicesMarketsBanking
202520242023202520242023202520242023
Net interest income$15,001 $13,423 $13,251 $10,009 $7,005 $7,233 $2,132 $2,157 $2,161 
Non-interest revenue6,255 6,195 4,811 11,961 12,831 11,416 6,083 4,044 2,554 
Total revenues, net of interest expense(1)
$21,256 $19,618 $18,062 $21,970 $19,836 $18,649 $8,215 $6,201 $4,715 
Compensation expense(2)
$2,574 $2,371 $2,318 $3,984 $3,611 $3,645 $2,756 $2,703 $3,021 
Non-compensation expense(1)(3)
8,239 8,197 7,673 10,093 9,591 9,613 1,706 1,774 1,856 
Total operating expense(1)
$10,813 $10,568 $9,991 $14,077 $13,202 $13,258 $4,462 $4,477 $4,877 
Provisions for credit losses and for benefits and claims$454 $276 $950 $237 $463 $438 $720 $(224)$(143)
Provision (benefits) for income taxes2,850 2,190 2,420 1,728 1,166 1,015 709 419 12 
Income (loss) from continuing operations7,139 6,584 4,701 5,928 5,005 3,938 2,324 1,529 (31)
End-of-period assets at December 31$628 $584 $586 $1,187 $949 $1,008 $140 $143 $148 
Average loans93 85 81 141 120 110 82 88 92 
Average deposits878 819 811 18 21 23 1 1 1 
In millions of dollars, except end-of-period assets,
average loans and average deposits in billions		WealthUSPB
202520242023202520242023
Net interest income$5,281 $4,508 $4,413 $22,470 $21,103 $20,150 
Non-interest revenue3,278 2,975 2,584 (1,499)(1,048)(1,250)
Total revenues, net of interest expense(1)
$8,559 $7,483 $6,997 $20,971 $20,055 $18,900 
Compensation expense(2)
$2,551 $2,529 $2,734 $2,161 $2,205 $2,278 
Non-compensation expense(1)(3)
3,950 3,797 3,727 7,548 7,441 7,537 
Total operating expense(1)
$6,501 $6,326 $6,461 $9,709 $9,646 $9,815 
Provisions for credit losses and for benefits and claims$140 $(126)$(3)$7,211 $8,598 $6,707 
Provision (benefits) for income taxes428 281 120 954 429 558 
Income (loss) from continuing operations1,490 1,002 419 3,097 1,382 1,820 
End-of-period assets at December 31$230 $224 $229 $264 $252 $242 
Average loans149 149 150 220 209 193 
Average deposits313 316 310 89 91 110 
In millions of dollars, except end-of-period assets,
average loans and average deposits in billions
All Other(4)
Reconciling Items(5)(6)(7)
Total Citi
202520242023202520242023202520242023
Net interest income$4,899 $5,899 $7,692 $— $— $— $59,792 $54,095 $54,900 
Non-interest revenue(469)1,604 1,705 (176)26 1,346 25,433 26,627 23,166 
Total revenues, net of interest expense(1)
$4,430 $7,503 $9,397 $(176)$26 $1,346 $85,225 $80,722 $78,066 
Total operating expense(1)
$8,693 $9,030 $11,196 $877 $318 $372 $55,132 $53,567 $55,970 
Provisions for credit losses and for benefits and claims$1,513 $1,115 $1,304 $(10)$7 $(67)$10,265 $10,109 $9,186 
Provision (benefits) for income taxes(1,335)(182)(979)39 (92)382 5,373 4,211 3,528 
Income (loss) from continuing operations(4,441)(2,460)(2,124)(1,082)(207)659 14,455 12,835 9,382 
End-of-period assets at December 31$208 $201 $199 $2,657 $2,353 $2,412 
Average loans31 32 35 716 683 661 
Average deposits64 69 79 1,363 1,317 1,334 
The following table presents a reconciliation of total Citigroup income from continuing operations as reported:
In millions of dollars
2025(5)
2024(6)
2023(7)
Total reportable business segments and All Other—income from continuing operations(4)
$15,537 $13,042 $8,723 
Divestiture-related impact on:
Total revenues, net of interest expense(176)26 1,346 
Total operating expenses877 318 372 
Provision (release) for credit losses(10)7 (67)
Provision (benefits) for income taxes39 (92)382 
Income from continuing operations$14,455 $12,835 $9,382 

(1)    Effective January 1, 2025, certain transaction processing fees paid by Citi, primarily to credit card networks, reported within USPB, Services, Wealth and All Other—Legacy Franchises (Mexico Consumer/SBMM and Asia Consumer), which were previously presented within Other operating expenses, are presented as contra-revenue within Commissions and fees reported in Non-interest revenue. Prior periods were conformed to reflect this change in presentation.
(2)    Excludes allocations of Compensation and benefits expense related to services provided by Corporate/Other within All Other, which are allocated from All Other to each segment, as applicable, through the non-compensation expense line.
(3)    Non-compensation expense for each segment includes allocated compensation and benefits-related costs from Corporate/Other within All Other to the respective segments, and expenses related to Technology/communication, Transactional and product servicing, Premises and equipment, Professional services, Advertising and marketing and Other operating (all of which include certain overhead expenses).
(4)    Segment results are presented on a managed basis that excludes divestiture-related impacts related to (i) Citi’s divestitures of its Asia Consumer businesses and (ii) the ongoing divestiture of Banamex, within All Other—Legacy Franchises. Adjustments are included in Legacy Franchises within All Other and are reflected in the reconciliations above to arrive at Citi’s reported results in the Consolidated Statement of Income.
(5)    2025 includes (i) an approximate $186 million loss recorded in revenue (approximately $157 million after-tax), driven by the announced sale of the Poland consumer banking business; and (ii) approximately $877 million in operating expenses (approximately $821 million after-tax), driven by a goodwill impairment charge in Mexico ($726 million ($714 million after-tax)) and other costs, primarily separation costs in Mexico and severance costs in the Asia exit markets (collectively approximately $151 million (approximately $107 million after-tax)). 
(6)    2024 includes $318 million (approximately $220 million after-tax) in operating expenses primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
(7)    2023 includes (i) an approximate $1.059 billion gain on sale recorded in revenue (approximately $727 million after-tax) related to the India consumer banking business sale; (ii) an approximate $403 million gain on sale recorded in revenue (approximately $284 million after-tax) related to the Taiwan consumer banking business sale; and (iii) approximately $372 million (approximately $263 million after-tax) in operating expenses primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
Performance by Geographic Area
Citi’s operations are highly integrated, and estimates and subjective assumptions have been made to apportion revenue between North America and international operations. These estimates and assumptions are consistent with the allocations used for the Company’s segment reporting.
For the purposes of the presentation below, the Company defines “international activities” as transactions and related business activities involving clients with activities outside of North America (i.e., clients that maintain operations, assets,
subsidiaries and/or revenue-generating activities outside of North America). The information below is presented by managed geography, which generally reflects, as applicable, the domicile of the client, the booking location, the location of the trading desk or the location where the client relationship is managed. Many of Citi’s North America operations also serve international clients. Citi’s managed geography can be periodically reorganized, and thus the balances between North America, International and Corporate/Other can change.


The following tables present revenues net of interest expense and end-of-period assets between North America and international areas:

In millions of dollars
Revenues, net of interest expense
202520242023
North America(1)
$44,012 $39,748 $36,402 
International(2)(3)
42,295 40,306 39,549 
Corporate/Other(4)
(1,082)668 2,115 
Total Citi$85,225 $80,722 $78,066 
In millions of dollars at December 31,
End-of-period assets at
December 31(5)
20252024
North America(1)
$1,469,566 $1,326,444 
International1,066,256 899,965 
Corporate/Other121,380 126,536 
Total Citi$2,657,202 $2,352,945 

(1)    Primarily reflects the U.S.
(2)    International represents the summation of international revenues in Services, Markets, Banking, Wealth and All Other—Legacy Franchises, primarily Asia Consumer and Mexico Consumer/SBMM.
(3)    Total revenues for the U.K. were approximately $7.6 billion, $6.7 billion and $6.9 billion for 2025, 2024 and 2023, respectively.
(4)    Corporate/Other revenues, net of interest expense largely reflects U.S. activities, as well as intersegment eliminations.
(5)    The Company’s long-lived assets (Premises and equipment) for the periods presented are not considered significant in relation to its total assets.