Citigroup’s fourth quarter financial results for 2025 showed quarterly earnings of $1.19 per share, down from $1.34 per share a year earlier. The quarter’s performance reflected a $1.2 billion loss related to the planned sale of Citibank’s Russian business.
Stripping out this significant charge, Citigroup delivered adjusted earnings of $1.81 per share with revenue reaching $21 billion. By comparison, analysts polled by FactSet anticipated earnings of $1.65 per share and revenue of $20.95 billion, while LSEG’s consensus forecast stood at $1.67 per share with revenue of $20.72 billion.
Net income dropped 13% year-over-year to $2.47 billion, largely due to a $1.1 billion after-tax loss from the divestiture of its Russian operations, according to the company. Excluding the one-time item, net profit was $3.6 billion.
Among operating segments, services revenue jumped 15% to $5.9 billion, buoyed by strength in treasury and trade solutions along with security services. Market revenue edged down 1% to $4.5 billion, while banking revenue surged 78% to $2.2 billion as a result of a 38% increase in investment banking income and a 199% jump in corporate lending fees.
Wealth management revenue advanced 7% to $2.1 billion. Meanwhile, U.S. personal banking revenue gained 3% to $5.3 billion, supported by higher income from branded cards and retail banking.
Citigroup also reduced its provision for credit losses to $2.22 billion, a decrease of 14% from the previous year and down 9% from the preceding quarter.
In the company’s earnings statement, CEO Jane Fraser reaffirmed Citigroup’s commitment to achieving a return target of at least 10% in 2026, with an outlook for further improvements in subsequent years.
