10-QPeriod: Q2 FY2026

CITIGROUP INC Quarterly Report for Q2 Ended Jun 30, 2026

Filed August 6, 2026For Securities:CC-PNC-PR

Summary

Citigroup Inc. reported strong financial results for the second quarter of 2026, with net income increasing by 45% year-over-year to $5.8 billion, or $3.15 per diluted share. Total revenues rose 14% to $24.8 billion, driven by broad-based growth across its five reporting segments. Net interest income (NII) increased 13% to $17.1 billion, while non-interest revenue (NIR) grew 18% to $7.6 billion. Operating expenses increased by 5% to $14.2 billion, reflecting investments in the business and higher compensation, partially offset by cost efficiencies. Provisions for credit losses were down 12% year-over-year to $2.5 billion. Capital ratios remained robust, with the CET1 Capital ratio at 12.8%, comfortably above regulatory requirements. The company returned $5.0 billion to shareholders through $4.0 billion in share repurchases and $1.0 billion in dividends, and announced plans to increase its quarterly common dividend from $0.60 to $0.67 per share. Key strategic initiatives, including progress on divestitures such as the Poland consumer banking business, continue to advance the company's transformation.

Key Highlights

  • 1Net income surged 45% year-over-year to $5.8 billion ($3.15 per diluted share).
  • 2Total revenues increased 14% to $24.8 billion, driven by growth across all five business segments.
  • 3Net interest income (NII) grew 13% to $17.1 billion.
  • 4Non-interest revenue (NIR) increased 18% to $7.6 billion.
  • 5Operating expenses rose 5% to $14.2 billion, with a positive operating leverage achieved.
  • 6Common Equity Tier 1 (CET1) Capital ratio stood at 12.8%, exceeding regulatory requirements.
  • 7Returned $5.0 billion to shareholders via share repurchases ($4.0 billion) and dividends ($1.0 billion).

Frequently Asked Questions

Citigroup delivered a strong performance in Q2 2026, with net income up 45% year-over-year to $5.8 billion. Total revenues grew 14% to $24.8 billion, supported by increases in both net interest income (up 13%) and non-interest revenue (up 18%). The company also achieved positive operating leverage, with revenue growth outpacing expense growth.

Operating expenses increased by 5% to $14.2 billion, reflecting investments in business growth and higher compensation costs. However, the company achieved positive operating leverage due to strong revenue growth. Provisions for credit losses and benefits and claims decreased by 12% year-over-year to $2.5 billion, indicating an improvement in credit quality or a reduction in expected credit losses compared to the prior year.

Citigroup maintained a strong capital position with a CET1 Capital ratio of 12.8%, which is above regulatory requirements. The company returned $5.0 billion to common shareholders in the second quarter, comprising $4.0 billion in share repurchases under its $30 billion program and $1.0 billion in dividends. Furthermore, Citigroup announced plans to increase its quarterly common dividend from $0.60 to $0.67 per share.

All five of Citigroup's reporting segments contributed to the positive results. The Markets segment saw a significant 17% revenue increase driven by strong client activity in both Equity and Fixed Income Markets. The Banking segment experienced a 34% revenue boost, primarily from a strong performance in Investment Banking, particularly in Debt and Equity Capital Markets. The Services segment also showed robust revenue growth of 18%, driven by increases in both Treasury and Trade Solutions and Securities Services.