$C-PR

CITIGROUP INC

CIK:0000831001|SEC Filings
v3.26.1
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Interest income $ 35,513 $ 33,666
Interest expense 19,772 19,654
Net interest income 15,741 14,012
Commissions and fees 3,272 2,707
Principal transactions 4,008 3,510
Administration and other fiduciary fees 1,123 1,045
Realized gains on sales of investments, net 270 121
Net impairment losses on investments recognized in earnings (140) (58)
Other revenue 359 259
Total non-interest revenues 8,892 7,584
Total revenues, net of interest expense 24,633 21,596
Provisions for credit losses and for benefits and claims    
Provision for credit losses on loans 2,605 2,561
Provision (release) for credit losses on HTM debt securities (30) (5)
Provision for credit losses on other assets 33 39
Policyholder benefits and claims 13 20
Provision (release) for credit losses on unfunded lending commitments 184 108
Total provisions for credit losses and for benefits and claims 2,805 2,723
Operating expenses    
Compensation and benefits 8,382 7,464
Technology/communication 2,335 2,379
Transactional and product servicing 1,225 1,102
Premises and equipment 586 574
Professional services 441 476
Advertising and marketing 233 250
Other operating 1,109 1,180
Total operating expenses 14,311 13,425
Income from continuing operations before income taxes 7,517 5,448
Provision for income taxes 1,578 1,340
Income from continuing operations 5,939 4,108
Discontinued operations    
Income (loss) from discontinued operations (1) (1)
Benefit for income taxes 0 0
Income (loss) from discontinued operations, net of taxes (1) (1)
Net income before attribution to noncontrolling interests 5,938 4,107
Noncontrolling interests 153 43
Citigroup’s net income $ 5,785 $ 4,064
Basic earnings per share    
Income from continuing operations (in dollars per share) [1] $ 3.12 $ 2.00
Income from discontinued operations, net of taxes (in dollars per share) [1] 0 0
Net income (in dollars per share) [1] $ 3.12 $ 2.00
Weighted-average common shares outstanding (in shares) 1,736.9 1,879.0
Diluted earnings per share    
Income from continuing operations (in dollars per share) [1] $ 3.06 $ 1.96
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0 0
Net income (in dollars per share) [1] $ 3.06 $ 1.96
Adjusted weighted-average diluted common shares outstanding (in shares) 1,776.0 1,919.6
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.