Citigroup Q2 Net Income Rises to $4B, Revenue Up 8% YoY

Citigroup reported net income of $4 billion for the second quarter of 2025, or $1.96 per share, on revenue of $21.7 billion. This compares with net income of $3.2 billion, or $1.52 per share, on $20 billion in revenue in Q2 2024.

Revenue rose 8% year-over-year, driven by growth across all five of Citi’s interconnected businesses, partially offset by a decline in the "All Other" segment. Excluding divestiture impacts in both periods, revenue grew 9%. Net income growth was fueled by stronger revenues, partially offset by higher credit costs and increased expenses.

“We delivered another strong quarter and continue to show that our solid performance is sustainable across different environments,” said CEO Jane Fraser. “We are improving the performance of each of our businesses to gain market share and deliver higher returns. With 8% revenue growth, Services continues to prove why it is our crown jewel high-return business.

Markets posted its best Q2 since 2020, with record second-quarter results in Equities. Banking revenue rose 18%, and we remain central to some of the most significant transactions. Wealth revenue was up 20%, with strong growth across all three business lines. In U.S. Personal Banking, we saw good growth in branded cards, while Retail Banking benefited from higher deposit spreads.”