v3.26.1
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Interest income $ 37,662 $ 35,859 $ 73,175 $ 69,525
Interest expense 20,537 20,684 40,309 40,338
Net interest income (NII) 17,125 15,175 32,866 29,187
Commissions and fees 3,298 2,745 6,570 5,452
Principal transactions 2,481 2,503 6,489 6,013
Administration and other fiduciary fees 1,257 1,123 2,380 2,168
Realized gains on sales of investments, net 169 138 439 259
Net impairment losses on investments recognized in earnings (68) (35) (208) (93)
Other revenue 504 19 863 278
Total non-interest revenues (NIR) 7,641 6,493 16,533 14,077
Total revenues, net of interest expense 24,766 21,668 49,399 43,264
Provisions for credit losses and for benefits and claims        
Provision for credit losses on loans 2,603 2,477 5,208 5,038
Provision (release) for credit losses on HTM debt securities 1 7 (29) 2
Provision for credit losses on other assets (2) 381 31 420
Policyholder benefits and claims 17 26 30 46
Provision (release) for credit losses on unfunded lending commitments (97) (19) 87 89
Total provisions for credit losses and for benefits and claims 2,522 2,872 5,327 5,595
Operating expenses        
Compensation and benefits 7,992 7,633 16,374 15,097
Technology/communication 2,269 2,290 4,604 4,669
Transactional and product servicing 1,341 1,184 2,566 2,286
Premises and equipment 618 615 1,204 1,189
Professional services 438 510 879 986
Advertising and marketing 283 269 516 519
Other operating 1,274 1,076 2,383 2,256
Total operating expenses 14,215 13,577 28,526 27,002
Income from continuing operations before income taxes 8,029 5,219 15,546 10,667
Provision for income taxes 2,005 1,186 3,583 2,526
Income from continuing operations 6,024 4,033 11,963 8,141
Discontinued operations        
Income (loss) from discontinued operations 0 0 (1) (1)
Benefit for income taxes 0 0 0 0
Income (loss) from discontinued operations, net of taxes 0 0 (1) (1)
Net income before attribution to noncontrolling interests 6,024 4,033 11,962 8,140
Noncontrolling interests (NCI) 193 14 346 57
Citigroup’s net income $ 5,831 $ 4,019 $ 11,616 $ 8,083
Basic earnings per share        
Income from continuing operations (in dollars per share) [1] $ 3.20 $ 1.98 $ 6.32 $ 3.98
Income from discontinued operations, net of taxes (in dollars per share) [1] 0 0 0 0
Net income (in dollars per share) [1] $ 3.20 $ 1.98 $ 6.32 $ 3.98
Weighted-average common shares outstanding (in shares) 1,700.9 1,855.9 1,718.9 1,867.5
Diluted earnings per share        
Income from continuing operations (in dollars per share) [1] $ 3.15 $ 1.96 $ 6.21 $ 3.92
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0 0 0 0
Net income (in dollars per share) [1] $ 3.15 $ 1.96 $ 6.21 $ 3.92
Adjusted weighted-average diluted common shares outstanding (in shares) 1,735.6 1,893.1 1,755.8 1,906.4
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.