At a glance
Citigroup Inc is worth $206.49B, about 18 times its fiscal 2025 earnings. Revenue grew 5.6% to $85.22B in fiscal 2025, with 16.8% kept as profit; over 5 years it has grown 2.5% a year. It pays a 2.55% dividend yield, raised every year for at least 4 years, and returned $54.54B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +24.8% over the past year with dividends reinvested and +16.3% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 54.8% in the 2020 crash (S&P 500: 33.7%) and 39.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 12 months and 18 months after the lows.
The business in plain English
Citigroup (Citi) is a global financial services company with roots in the City Bank of New York, founded in 1812. It serves consumers, companies, governments and institutions in nearly 160 countries and jurisdictions with credit cards, consumer banking, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. As of June 30, 2026, it held $2.89 trillion in assets and $1.49 trillion in deposits.
Citi makes most of its money from net interest income: the gap between what it earns on loans and investments and what it pays on deposits and borrowings. In 2025, that totaled $59.8 billion of its $85.2 billion in revenue. The remaining $25.4 billion was noninterest income, such as fees, commissions and trading gains.
Three segments each produced roughly a quarter of 2025 revenue: Markets, which trades bonds, currencies and stocks for institutions (25.8%); Services, which provides trade and securities services (24.9%); and U.S. Personal Banking, mainly credit cards and retail banking (24.6%). Wealth added 10% and Banking, covering investment banking and corporate lending, 9.6%. In early 2026, retail banking moved to Wealth and the card businesses became a new U.S. Consumer Cards segment. Abroad, Citi sold its Russian bank in February 2026, agreed to sell a 25% stake in Mexico's Banamex and is exiting consumer banking in Poland and Korea.
Price history
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C +24.8% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Markets | $21.97B | 25.8% |
| Services | $21.26B | 24.9% |
| USPB | $20.97B | 24.6% |
| Wealth | $8.56B | 10% |
| Banking | $8.21B | 9.6% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $24.77B, up 14.3% from a year earlier, and net income was $5.83B (+45.1%).
- For fiscal 2025, revenue was $85.22B (+5.6% year over year; +2.5% a year from FY2020 to FY2025) with a 16.8% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +2.5% watch |
|---|---|
| Return on equity | 6.7% weak |
| Net income / revenue | 16.8% watch |
| Deposits | $1.49T |
| Loans | $773.70B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $75.50B | $11.05B | — |
| FY2021 | $71.88B | $21.95B | — |
| FY2022 | $75.34B | $14.85B | — |
| FY2023 | $78.07B | $9.23B | — |
| FY2024 | $80.72B | $12.68B | — |
| FY2025 | $85.22B | $14.31B | — |
Valuation snapshot
| Market value | $206.49B |
|---|---|
| P/E ratio | 17.6 |
| Dividend yield | 2.55% |
Rank among 1514 US companies
Market value at each year end
Citigroup’s market value went from $169.36B at the end of 2016 to $206.49B on Nov 2, 2026, up 22%; since the end of 2025 it is down 1%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $206.49B | -1.1% |
| 2025 | $208.79B | +56.8% |
| 2024 | $133.13B | +35.2% |
| 2023 | $98.45B | +12.4% |
| 2022 | $87.60B | -26.9% |
| 2021 | $119.83B | -6.7% |
| 2020 | $128.37B | -26.4% |
| 2019 | $174.42B | +37.2% |
| 2018 | $127.14B | -35.4% |
| 2017 | $196.74B | +16.2% |
| 2016 | $169.36B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| C price data to Nov 2, 2026 | +7.7% | +24.8% | +48.6% | +16.3% | +13.2% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +7.7% |
| 2025 | +70.4% |
| 2024 | +42.0% |
| 2023 | +18.9% |
| 2022 | -22.1% |
| 2021 | +1.0% |
| 2020 | -19.6% |
| 2019 | +57.8% |
| 2018 | -28.5% |
| 2017 | +27.0% |
| 2016 | +15.9% |
| 2015 | -4.1% |
| 2014 | +3.9% |
| 2013 | +31.8% |
| 2012 | +50.5% |
| 2011 | -44.3% |
| 2010 | +42.9% |
| 2009 | -50.5% |
| 2008 | -76.0% |
| 2007 | -44.7% |
| 2006 | +19.6% |
| 2005 | +4.6% |
| 2004 | +2.7% |
| 2003 | +55.8% |
| 2002 | -25.9% |
| 2001 | +0.0% |
| 2000 | +23.0% |
| 1999 | +69.8% |
| 1998 | -6.8% |
| 1997 | +80.7% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 97.6% over that stretch · deepest drop along the way 97.7%, not recovered by the end of the data |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 54.7% over that stretch · deepest drop along the way 54.8%, back to its old high 11.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 33.4% over that stretch · deepest drop along the way 39.2%, back to its old high 17.5 months after the low |
Insider activity
Form 4 filings from 2025-10-28 to 2026-10-28 (25 read): 0 open-market purchases and 3 sales ($5.2M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Apr 15, 2026 | Edward Skyler Hd of Ent Svc & Public Affairs | sell | $3.3M |
| Apr 15, 2026 | Nicole Giles CHIEF ACCOUNTING OFFICER | sell | $1.7M |
| May 8, 2026 | John Cunningham Dugan Director | sell | $265K |
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 7.22% | Mar 31, 2026 |
ETFs with the most weight in C
| FTXO First Trust Nasdaq Bank ETF | 7.43% |
| FPAG FPA Global Equity ETF | 4.72% |
| PVAL Putnam Focused Large Cap Value ETF | 4.41% |
| DIVY Sound Equity Dividend Income ETF | 4.07% |
| KBWB Invesco KBW Bank ETF | 3.79% |
| OAKM Oakmark U.S. Large Cap ETF | 3.62% |
| ICAP Infrastructure Capital Equity Income ETF | 3.55% |
| ASLV Allspring Special Large Value ETF | 3.37% |
What could go wrong
- Transformation plan may fall short. Citi is working through a multiyear plan to simplify the company and lift performance, including selling its Russian bank and a 25% Banamex stake. Missing its goals could mean higher costs and weaker returns.
- Big footprint in emerging markets. Operating in nearly 160 countries brings political, sanctions and compliance risks and costs. The Russia–Ukraine war is one example: Citi recorded a loss on the sale of its Russian bank, completed in February 2026.
- Losing key credit card partnerships. Citi issues credit cards with retailers and other brands, known as co-branded and private-label (store-brand) cards. If those partnerships weaken or end, Citi could lose customers, loan balances and revenue.
- Regulators shape dividends and repurchases. Citi's ability to pay dividends and repurchase shares depends on Federal Reserve stress tests and capital rules, including an extra capital cushion required of globally important banks. Tougher rules could mean smaller payouts.
- Interest rate swings hit core income. Net interest income made up $59.8 billion of Citi's $85.2 billion in 2025 revenue. Falling rates generally shrink it, while rising rates can cut the value of Citi's bond holdings and capital.
- Recession, tariffs and loan losses. Higher unemployment, new tariffs or trouble in China could leave more borrowers unable to repay. Citi set aside $9.5 billion for expected credit losses in 2025, and that cost tends to rise in downturns.
Recent events
- Executive or board change
- Quarterly results released
- Quarterly results released
- Executive or board change; Shareholder vote results
- Quarterly results released
- Investor presentation or announcement
- Other company announcement
- Bylaws or fiscal year changed
- Quarterly results released
- Other company announcement
For income and retirement investors
Citi's dividend yield was 2.01% as of October 27, 2026. Dividends per share rose in each of the four fiscal years through 2025 and grew about 2.4% a year from 2020 to 2025. In 2025, dividends paid equaled about 37.6% of net income. Buybacks jumped: Citi spent $13.25 billion repurchasing shares in 2025, up from $2.47 billion in 2024, and its share count fell 15.5% from September 30, 2021, to June 30, 2026. How much Citi can return depends partly on Federal Reserve stress tests.
The stock has suffered deep losses in downturns. It fell about 98% from its 2007 peak to its 2009 low and had not regained that peak as of October 27, 2026. It dropped about 55% in the 2020 COVID crash and took about 12 months from the low to recover, and fell about 39% in the 2022 bear market, taking about 17.5 months. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Citigroup make money?
Mostly from net interest income, the gap between what Citi earns on loans and investments and what it pays on deposits and borrowings. That was $59.8 billion of its $85.2 billion in 2025 revenue. Fees, commissions and trading made up the rest. By segment, Markets (25.8%), Services (24.9%) and U.S. Personal Banking (24.6%) each brought in roughly a quarter of 2025 revenue, with Wealth (10%) and Banking (9.6%) adding most of the rest.
Does Citigroup raise its dividend every year?
No. Dividends per share rose in each of the four fiscal years through 2025, but not every year before that. From 2020 to 2025 they grew about 2.4% a year. Dividends paid equaled about 37.6% of 2025 net income, and the yield was 2.01% as of October 27, 2026. Future increases depend partly on Federal Reserve stress tests, which help set how much capital Citi must hold.
How has Citigroup stock performed over the long term?
Well over the 10 years to October 27, 2026, but poorly since its 2007 peak. Based on the share price as of that date, the stock was up 24% over one year and averaged gains of 15.7% a year over five years and 12.8% a year over ten. It rose about 70% in calendar 2025 alone. But it lost about 98% from its October 2007 peak to its March 2009 low and had not regained that peak as of October 27, 2026.
Why is Citigroup selling businesses outside the U.S.?
It is part of a multiyear plan to simplify Citi around its stated vision: being the top banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in the U.S. Citi sold its Russian bank on February 18, 2026, agreed to sell a 25% stake in Mexico's Banamex, and still has consumer businesses to exit in Poland and Korea. Citi warns it may not achieve everything it aims for with this transformation.
How profitable is Citigroup?
Citi is profitable, though its returns are modest. It earned $14.3 billion in 2025, up 12.8% from 2024, or $6.99 per share. Its return on equity, which compares yearly profit with shareholders' equity, was 6.7%. It also set aside $9.5 billion for expected loan losses. Net income for the quarter ended June 30, 2026, rose 45.1% from a year earlier to $5.8 billion. As of October 27, 2026, the stock's price-to-earnings ratio was about 17.6, based on 2025 earnings.