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REPORTABLE BUSINESS SEGMENTS AND ALL OTHER
 6 Months Ended
Jun. 30, 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. See segment details in Note 3 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K.
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.
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.
The accounting policies of these segments and All Other are the same as those disclosed in Note 1 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K.
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.

Three Months Ended June 30,
In millions of dollars, except identifiable assets,
average loans and average deposits in billions		ServicesMarketsBanking
202520242025202420252024
Net interest income$3,630 $3,225 $2,902 $2,038 $530 $527 
Non-interest revenue1,432 1,450 2,977 3,048 1,391 1,100 
Total revenues, net of interest expense(1)
$5,062 $4,675 $5,879 $5,086 $1,921 $1,627 
Compensation expense(2)
$641 $572 $992 $896 $695 $695 
Non-compensation expense(1)(3)
2,038 2,157 2,517 2,409 442 436 
Total operating expense(1)
$2,679 $2,729 $3,509 $3,305 $1,137 $1,131 
Provisions for credit losses and for benefits and claims$353 $(27)$108 $(11)$173 $(32)
Provision (benefits) for income taxes582 475 513 323 150 119 
Income (loss) from continuing operations1,448 1,498 1,749 1,469 461 409 
Identifiable assets (June 30, 2025 and December 31, 2024)
$618 $584 $1,166 $949 $148 $143 
Average loans94 82 136 119 84 89 
Average deposits857 804 18 25 — 1 
In millions of dollars, except identifiable assets,
average loans and average deposits in billions		WealthUSPB
2025202420252024
Net interest income$1,278 $1,047 $5,471 $5,103 
Non-interest revenue888 760 (352)(271)
Total revenues, net of interest expense(1)
$2,166 $1,807 $5,119 $4,832 
Compensation expense(2)
$619 $627 $537 $553 
Non-compensation expense(1)(3)
939 908 1,844 1,802 
Total operating expense(1)
$1,558 $1,535 $2,381 $2,355 
Provisions for credit losses and for benefits and claims$(26)$(9)$1,885 $2,315 
Provision (benefits) for income taxes140 71 204 41 
Income (loss) from continuing operations494 210 649 121 
Identifiable assets (June 30, 2025 and December 31, 2024)
$228 $224 $251 $252 
Average loans149 150 217 206 
Average deposits308 316 90 93 
In millions of dollars, except identifiable assets,
average loans and average deposits in billions
All Other(4)
Reconciling Items(4)
Total Citi
202520242025202420252024
Net interest income$1,364 $1,553 $— $— $15,175 $13,493 
Non-interest revenue334 419 (177)33 6,493 6,539 
Total revenues, net of interest expense(1)
$1,698 $1,972 $(177)$33 $21,668 $20,032 
Total operating expense(1)
$2,276 $2,106 $37 $85 $13,577 $13,246 
Provisions for credit losses and for benefits and claims$374 $243 $5 $(3)$2,872 $2,476 
Provision (benefits) for income taxes(364)35 (39)(17)1,186 1,047 
Income (loss) from continuing operations(588)(412)(180)(32)4,033 3,263 
Identifiable assets (June 30, 2025 and December 31, 2024)
$212 $201 $2,623 $2,353 
Average loans32 34 712 680 
Average deposits70 71 1,343 1,310 
Six Months Ended June 30,
In millions of dollars, except average loans and average deposits in billionsServicesMarketsBanking
202520242025202420252024
Net interest income$7,128 $6,542 $4,915 $3,744 $1,021 $1,109 
Non-interest revenue2,823 2,896 6,950 6,699 2,852 2,254 
Total revenues, net of interest expense(1)
$9,951 $9,438 $11,865 $10,443 $3,873 $3,363 
Compensation expense(2)
$1,273 $1,196 $2,010 $1,874 $1,327 $1,419 
Non-compensation expense(1)(3)
3,990 4,196 4,967 4,815 844 891 
Total operating expense(1)
$5,263 $5,392 $6,977 $6,689 $2,171 $2,310 
Provisions for credit losses and for benefits and claims$404 $37 $309 $188 $387 $(161)
Provision (benefits) for income taxes1,226 996 1,035 676 312 278 
Income (loss) from continuing operations3,058 3,013 3,544 2,890 1,003 936 
Average loans$91 $82 $132 $120 $83 $89 
Average deposits842 806 17 25 — 1 
In millions of dollars, except average loans and average deposits in billionsWealthUSPB
2025202420252024
Net interest income$2,552 $2,028 $11,012 $10,329 
Non-interest revenue1,710 1,466 (665)(388)
Total revenues, net of interest expense(1)
$4,262 $3,494 $10,347 $9,941 
Compensation expense(2)
$1,288 $1,273 $1,091 $1,117 
Non-compensation expense(1)(3)
1,909 1,898 3,732 3,688 
Total operating expense(1)
$3,197 $3,171 $4,823 $4,805 
Provisions for credit losses and for benefits and claims$72 $(179)$3,696 $4,519 
Provision (benefits) for income taxes215 117 434 149 
Income (loss) from continuing operations778 385 1,394 468 
Average loans$148 $150 $217 $205 
Average deposits309 316 90 97 
In millions of dollars, except average loans and average deposits in billions
All Other(4)
Reconciling Items(4)
Total Citi
202520242025202420252024
Net interest income$2,559 $3,248 $— $— $29,187 $27,000 
Non-interest revenue584 1,100 (177)21 14,077 14,048 
Total revenues, net of interest expense(1)
$3,143 $4,348 $(177)$21 $43,264 $41,048 
Total operating expense(1)
$4,500 $4,791 $71 $195 $27,002 $27,353 
Provisions for credit losses and for benefits and claims$733 $429 $(6)$8 $5,595 $4,841 
Provision (benefits) for income taxes(649)23 (47)(56)2,526 2,183 
Income (loss) from continuing operations(1,441)(895)(195)(126)8,141 6,671 
Average loans$31 $33 $702 $679 
Average deposits66 73 1,324 1,318 

(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 (Banamex 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 tax charges, 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 planned IPO 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.
The following table presents a reconciliation of total Citigroup income from continuing operations as reported:

Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars
2025(1)
2024(2)
2025(3)
2024(4)
Total reportable business segments and All Other—income from continuing operations(5)
$4,213 $3,295 $8,336 $6,797 
Divestiture-related impact on:
Total revenues, net of interest expense(177)33 (177)21 
Total operating expenses37 85 71 195 
Provision (release) for credit losses5 (3)(6)8 
Provision (benefits) for income taxes(39)(17)(47)(56)
Income from continuing operations$4,033 $3,263 $8,141 $6,671 

(1)    The three months ended June 30, 2025 includes (i) an approximate $186 million loss recorded in revenue (approximately $157 million after tax) related to the announced sale of the Poland consumer banking business; and (ii) approximately $37 million in operating expenses (approximately $26 million after-tax), primarily related to separation costs in Mexico.
(2)    The three months ended June 30, 2024 includes approximately $85 million in operating expenses (approximately $58 million after-tax), primarily related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi’s Quarterly Report on Form 10-Q for the period ended June 30, 2024.
(3)    The six months ended June 30, 2025 includes (i) an approximate $186 million loss recorded in revenue (approximately $157 million after tax) related to the announced sale of the Poland consumer banking business; and (ii) approximately $71 million in operating expenses (approximately $49 million after-tax), largely related to separation costs in Mexico and severance costs in the Asia exit markets. 
(4)    The six months ended June 30, 2024 includes approximately $195 million in operating expenses (approximately $135 million after-tax), related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi’s Quarterly Report on Form 10-Q for the period ended June 30, 2024.
(5)    Reportable business 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 planned IPO 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.