This quarter is a further proof point of how the consistent execution of our strategy is improving our performance.
— Jane Fraser
03Detailed Report
C
Citigroup Inc
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 28, 2026
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Executive Summary
In the first quarter of 2025, Citigroup Inc (C) demonstrated robust financial performance, reporting a net income of $4.1 billion and an earnings per share (EPS) of $1.96, indicating a year-over-year increase of 20.6% and 27% respectively. This quarterly performance reflects the success of Citigroup's strategic initiatives across all business lines, with a notable 12% revenue growth in markets and a 24% increase in wealth management. Management maintained a disciplined approach to expense management, achieving a 5% reduction year-over-year, which led to positive operating leverage. However, uncertain macroeconomic conditions pose challenges, with management underscoring concerns about a potential deterioration in the economic landscape. Looking forward, Citigroup remains committed to capital returns and operational transformation, with a CET1 capital ratio of 13.4% signaling strong capital health to navigate potential headwinds.
Key Performance Indicators
Revenue
Increasing
41.46B
QoQ: 143.55% | YoY: 96.55%
Operating Income
Decreasing
5.50B
QoQ: -19.65% | YoY: -28.68%
Net Income
Increasing
4.06B
QoQ: 42.30% | YoY: 20.56%
EPS
Increasing
2.02
QoQ: 46.38% | YoY: 27.04%
Revenue Trend
Margin Analysis
Financial Highlights
### Financial Highlights:
- Revenue: $41.46 billion (YoY increase of 96.55%, QoQ increase of 143.5%)
- Net Income: $4.064 billion (YoY increase of 20.56%, QoQ increase of 42.30%)
- EPS: $1.96 (YoY increase of 27.04%, QoQ increase of 46.38%)
- CET1 Capital Ratio: 13.4%
- ROE: 9.1% (ROTCE of 9.9%)
Management attributed the strong performance to various factors including higher trading volumes, improved consumer banking revenues, and disciplined cost controls, suggesting that the firm is positioned to maintain competitive advantages in a challenging economic environment.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
41.46B
96.55%
143.55%
Operating Income
5.50B
-28.68%
-19.65%
Net Income
4.06B
20.56%
42.30%
EPS
2.02
27.04%
46.38%
Key Financial Ratios
Operating Profit Margin
Fair
13.30%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
9.80%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.16%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.91%
Return on equity suggests inefficient capital allocation
Debt to Equity
High Risk
3.53
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
8.21x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
0.63x
Trading below book value, potential value opportunity or distressed
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