Citigroup (C) financial statements
Citigroup reported revenue of $85.2B in fiscal 2025, up 2.1% a year over 9 years.
Net income was $14.3B.
Free cash flow was -$74.2B, and the company returned $5.4B in dividends and $13.2B in net buybacks.
The diluted share count fell 35% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Citigroup's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.8B | $72.4B | $72.9B | $75.1B | $75.5B | $71.9B | $75.3B | $78.1B | $80.7B | $85.2B |
| Cost of revenue | — | $7.5B | $7.6B | $8.4B | $17.5B | — | — | — | — | — |
| Gross profit | — | $65.0B | $65.3B | $66.7B | $58.0B | — | — | — | — | — |
| Interest expense | $12.5B | $16.5B | $24.3B | $28.4B | $13.3B | $8.0B | $25.7B | $78.4B | — | — |
| Pre-tax income | $21.5B | $22.8B | $23.4B | $23.9B | $13.6B | $27.5B | $18.8B | $12.9B | $17.0B | $19.8B |
| Income tax | $6.4B | $29.4B | $5.4B | $4.4B | $2.5B | $5.5B | $3.6B | $3.5B | $4.2B | $5.4B |
| Net income | $14.9B | -$6.8B | $18.0B | $19.4B | $11.0B | $22.0B | $14.8B | $9.2B | $12.7B | $14.3B |
| EPS (diluted) | $4.72 | -$2.98 | $6.68 | $8.04 | $4.72 | $10.14 | $7.00 | $4.04 | $5.94 | $6.99 |
| Diluted shares | 2.89B | 2.70B | 2.49B | 2.27B | 2.10B | 2.05B | 1.96B | 1.96B | 1.94B | 1.87B |
| Gross margin | — | 89.7% | 89.6% | 88.8% | 76.8% | — | — | — | — | — |
| Net margin | 21.1% | -9.4% | 24.8% | 25.8% | 14.6% | 30.5% | 19.7% | 11.8% | 15.7% | 16.8% |
Balance sheet
Fiscal years, from Citigroup's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $160.5B | $180.5B | $188.1B | $193.9B | $309.6B | $262.0B | $342.0B | $260.9B | $276.5B | $349.6B |
| Property, plant and equipment | — | — | — | — | — | $24.3B | $26.3B | $28.7B | $30.2B | $33.3B |
| Goodwill | $21.7B | $22.3B | $22.0B | $22.1B | $22.2B | $21.3B | $19.7B | $20.1B | $19.3B | $19.1B |
| Total assets | $1.79T | $1.84T | $1.92T | $1.95T | $2.26T | $2.29T | $2.42T | $2.41T | $2.35T | $2.66T |
| Total liabilities | $1.57T | $1.64T | $1.72T | $1.76T | $2.06T | $2.09T | $2.21T | $2.21T | $2.14T | $2.44T |
| Shareholders' equity | $225.1B | $200.7B | $196.2B | $193.2B | $199.4B | $202.0B | $201.2B | $205.5B | $208.6B | $212.3B |
| Net debt | -$160.5B | -$180.5B | -$188.1B | -$193.9B | -$309.6B | -$262.0B | -$342.0B | -$260.9B | -$276.5B | -$349.6B |
Cash flow
Fiscal years, from Citigroup's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $53.7B | -$8.8B | $37.0B | -$12.8B | -$23.5B | $47.1B | $25.1B | -$73.4B | -$19.7B | -$67.6B |
| Capital spending | $2.8B | $3.4B | $3.8B | $5.3B | $3.4B | $4.1B | $5.6B | $6.6B | $6.5B | $6.5B |
| Free cash flow | $51.0B | -$12.1B | $33.2B | -$18.2B | -$26.9B | $43.0B | $19.4B | -$80.0B | -$26.2B | -$74.2B |
| Dividends paid | $2.3B | $3.8B | $5.0B | $5.4B | $5.4B | $5.2B | $5.0B | $5.2B | $5.2B | $5.4B |
| Share buybacks (net) | -$9.3B | -$14.5B | -$14.4B | -$17.6B | -$2.9B | -$7.6B | -$3.2B | -$2.0B | -$2.5B | -$13.2B |
| Net borrowing | $73.4B | $81.7B | $48.5B | $59.1B | $76.5B | $70.7B | $104.7B | $65.8B | $99.1B | $122.0B |
| Free cash flow margin | 72.0% | -16.8% | 45.5% | -24.2% | -35.7% | 59.8% | 25.8% | -102.5% | -32.4% | -87.0% |
| Dividends per share | $0.79 | $1.41 | $2.01 | $2.40 | $2.55 | $2.54 | $2.55 | $2.66 | $2.68 | $2.87 |
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Open C in InvestinglyQuestions
What was Citigroup's revenue in 2025?
$85.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Citigroup generate?
-$74.2B in fiscal 2025 (operating cash flow minus capital spending).
From Citigroup's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.