Net income for the fourth quarter of 2025 fell 13 per cent to $2.5 billion, compared with net income of $2.9 billion the previous year, as expenses rose. It was also due to a $1.1 billion after-tax loss tied to the sale of its Russian business. Excluding the Russia-related item, net income was $3.6 billion.

Earnings per share of $1.19 fell from $1.34 per diluted share in the prior-year period, reflecting lower net income, partially offset by a lower share count due to share repurchases. Excluding the Russia-related item, earnings per share was $1.81. For the full year 2025, Citigroup reported net income of $14.3 billion on revenue of $85.2 billion, compared with net income of $12.7 billion on revenue of $80.7 billion for 2024. Excluding the Russia-related item, revenue was $86.4 billion in 2025.

“With record revenues and positive operating leverage for each of our five businesses, 2025 was a year of significant progress as we demonstrated that the investments we are making are driving strong topline growth,” Citi chair and CEO Jane Fraser said. “Growth in services was fuelled by deeper client relationships and new client mandates; markets maintained its top 3 position and improved its returns; banking played a key role in many of the year’s major transactions; wealth delivered strong results and launched several significant partnerships.”

“We returned over $17 billion of capital to our shareholders – the most since the pandemic – including $13 billion through share buybacks,” she added. “We have ample capital to support our growth while continuing to return excess capital to our shareholders.”