Citigroup, Inc.: Beat — EPS $2.85, Revenue $23.8B
Earnings BeatQ3 2026 · Pre-market
@trystockwhiz
Did Citigroup, Inc. (C) beat earnings today?
Yes, Citigroup, Inc. (C) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+8.78% surprise
$2.85Actual
Expected: $2.62
vs. year ago +53.0%
Total Revenue+0.34% surprise
$23.8BActual
Expected: $23.72B
vs. year ago +8.0%
Released Oct 13 · 8:03 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $23.84B | $22.09B | +8.0% |
| Revenue detail — reported lines | |||
| └─Treasury and Trade Solutions | $4.90B | $4.22B | +16.0% |
| └─Securities Services | $1.71B | $1.51B | +13.0% |
| └─Total Services revenues | $6.61B | $5.73B | +15.0% |
| └─Rates and currencies | $2.96B | $2.96B | +0.1% |
| └─Spread products / other fixed income | $1.42B | $1.26B | +13.0% |
| └─Fixed Income markets | $4.39B | $4.22B | +4.0% |
| └─Equity markets | $1.73B | $1.52B | +14.0% |
| └─Total Markets revenues | $6.11B | $5.75B | +6.0% |
| └─Investment Banking | $1.35B | $1.24B | +9.0% |
| └─Corporate Lending | $382.00M | $453.00M | -16.0% |
| └─Gain / (loss) on loan hedges | $9.00M | $(44)M | - |
| └─Total Banking revenues including gain/(loss) on loan hedges | $1.74B | $1.65B | +6.0% |
| └─Citigold and Retail Banking | $2.27B | $1.97B | +16.0% |
| └─Private Bank | $766.00M | $656.00M | +17.0% |
| └─Wealth at Work | $228.00M | $214.00M | +7.0% |
| └─Wealth revenues | $3.27B | $2.84B | +15.0% |
| └─USCC revenues | $4.66B | $4.66B | +0.2% |
| └─Legacy Franchises (managed basis) | $1.85B | $1.87B | -1.0% |
| └─Corporate / Other | $(415)M | $(400)M | -4.0% |
| └─All Other revenues | $1.43B | $1.47B | -3.0% |
| GAAP Diluted EPS | $2.85 | $1.86 | +53.0% |
| Net Income | $5.25B | $3.75B | +40.0% |
Business Highlights
- ➤Participated in the quarter’s six largest ECM transactions.
- ➤Treasury and Trade Solutions’ underlying drivers included higher cross-border transaction value.
- ➤Commercial card spend volume and U.S. dollar clearing volume increased in Treasury and Trade Solutions.
- ➤Securities Services benefited from new assets onboarded and market valuations.
- ➤Prime balances rose over 40%, including new balances onboarded and market valuations.
- ➤U.S. Consumer Cards results included the additional American Airlines co-branded card portfolio onboarded in Q2 2026.
- ➤Returned $4.1 billion to common shareholders through repurchases and dividends.
- ➤Citi operates in more than 180 countries and jurisdictions.
- ➤Citi continued investing in growth and preparing for an AI-driven future.
Management Commentary
Jane Fraser, Chair and CEO
“Our performance in the quarter, which included the best third-quarter revenue in a decade, positive operating leverage and meaningful improvement in our returns, reflects the continued disciplined and consistent execution of our strategy. Services delivered another standout quarter, up 15%, with momentum in every driver. Equities rose 14% on strong performance in Asia and Prime, while FX and Spread Products drove overall growth of 6% in Markets. Banking also grew 6%, with particular strength in ECM, where we participated in the quarter's six largest transactions. Wealth saw steady, broad-based growth across all three businesses, with a return of over 14% — well above last year. In U.S. Consumer Cards, we had solid momentum in General Purpose cards, which drove loan growth and a return that exceeded 21%. We returned over $4 billion to common shareholders while continuing to invest in growth and prepare for an AI-driven future. We expect to exceed this year's return target, even as we pull forward investments toward our 11-13% near-term goal — the next waypoints on our path to sustainable returns of 14-15%.”