v3.26.1
COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
Commissions and Fees
The primary components of Commissions and fees revenue are investment banking fees, brokerage commissions, credit card and bank card income, deposit-related fees and transactional service fees. See Note 3 for segment results and Note 5 to the Consolidated Financial Statements in Citi’s 2025 Form 10-K for additional information on Citi’s commissions and fees.
The following table presents Commissions and fees revenue:

Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars2026202520262025
Investment banking fees(1)
$1,358 $1,006 $2,596 $2,043 
Brokerage commissions(2)
821 701 1,707 1,405 
Credit card and bank card income(3)
Interchange fees3,387 3,038 6,402 5,876 
Card-related loan fees249 179 456 342 
Card rewards and partner payments(3,909)(3,325)(7,146)(6,460)
Deposit-related fees(4)
372 338 718 666 
Transactional service fees(5)
394 381 792 734 
Corporate finance(6)
278 171 428 343 
Insurance distribution revenue(7)
82 79 176 160 
Insurance premiums(8)
60 30 108 53 
Loan servicing19 23 36 47 
Other187 124 297 243 
Total(9)
$3,298 $2,745 $6,570 $5,452 

(1)    Investment banking fees are earned primarily by Banking and Markets. For the periods presented, the contract liability amount was negligible.
(2)    Brokerage commissions are earned primarily by Markets and Wealth. The Company recognized $48 million and $106 million of revenue related to variable consideration for the three and six months ended June 30, 2026, and $45 million and $91 million for the three and six months ended June 30, 2025, respectively. These amounts primarily relate to performance obligations satisfied in prior periods.
(3)    Credit card and bank card income is earned primarily by USCC and Services.
(4)    Deposit-related fees are earned primarily by Services and Wealth.
(5)    Transactional service fees are earned primarily by Services.
(6)    Consists primarily of fees earned from structuring and underwriting loan syndications or related financing activity earned primarily by Banking. This activity is accounted for under ASC 310.
(7)    Insurance distribution revenue is earned primarily by Wealth and Legacy Franchises within All Other.
(8)    Insurance premiums are earned primarily by Legacy Franchises within All Other.
(9)    Commissions and fees include $(3,302) million and $(6,118) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three and six months ended June 30, 2026, and $(2,918) million and $(5,668) million for the three and six months ended June 30, 2025, respectively. Amounts reported in Commissions and fees accounted for under other guidance primarily include card-related loan fees, card reward programs and certain partner payments, corporate finance fees, insurance premiums and loan servicing fees.

Administration and Other Fiduciary Fees
Administration and other fiduciary fees revenue is primarily composed of custody fees and fiduciary fees. See Note 3 for segment results and Note 5 to the Consolidated Financial Statements in Citi’s 2025 Form 10-K for additional information on Citi’s administration and other fiduciary fees.
The following table presents Administration and other fiduciary fees revenue:
Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars2026202520262025
Custody fees(1)
$676 $567 $1,242 $1,046 
Fiduciary fees(2)
439 422 865 855 
Guarantee fees142 134 273 267 
Total administration and other fiduciary fees(3)
$1,257 $1,123 $2,380 $2,168 

(1)    Custody fees are earned primarily by Services.
(2)    Fiduciary fees are earned primarily by Wealth and Legacy Franchises within All Other.
(3)    Administration and other fiduciary fees include $142 million and $134 million for the three months ended June 30, 2026 and 2025, and $273 million and $267 million for the six months ended June 30, 2026 and 2025, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.