XML 28 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues [Abstract]    
Interest income [1] $ 33,666 $ 36,223
Interest expense [1] 19,654 22,716
Net interest income [1] 14,012 13,507
Commissions and fees [1] 2,707 2,636
Principal transactions 3,921 3,274
Administration and other fiduciary fees 1,045 1,037
Realized gains on sales of investments, net 121 115
Impairment losses on investments:    
Impairment losses on investments (58) (30)
(Provision) releases for credit losses on AFS debt securities [2] 0 0
Net impairment losses recognized in earnings (58) (30)
Other revenue (152) 477
Total non-interest revenues 7,584 7,509
Total revenues, net of interest expense(1) [1] 21,596 21,016
Provisions for credit losses and for benefits and claims    
Provision for credit losses on loans 2,561 2,422
Provision (release) for credit losses on HTM debt securities (5) 10
Provision for credit losses on other assets 39 4
Policyholder benefits and claims 20 27
Provision (release) for credit losses on unfunded lending commitments 108 (98)
Total provisions for credit losses and for benefits and claims [1] 2,723 2,365
Operating expenses    
Compensation and benefits [1] 7,464 7,673
Technology/communication [1] 2,379 2,246
Transactional and tax charges [1] 936 904
Premises and equipment [1] 574 585
Professional services [1] 476 426
Advertising and marketing [1] 250 228
Restructuring [1] (3) 225
Other operating [1] 1,349 1,820
Total operating expenses [1] 13,425 14,107
Income from continuing operations before income taxes 5,448 4,544
Provision for income taxes 1,340 1,136
Income from continuing operations 4,108 3,408
Discontinued operations    
Income (loss) from discontinued operations (1) (1)
Benefit for income taxes 0 0
Income (loss) from discontinued operations, net of taxes (1) (1)
Net income before attribution to noncontrolling interests 4,107 3,407
Noncontrolling interests 43 36
Citigroup’s net income $ 4,064 $ 3,371
Basic earnings per share    
Income from continuing operations (in dollars per share) [3] $ 2.00 $ 1.60
Income from discontinued operations, net of taxes (in dollars per share) [3] 0 0
Net income (in dollars per share) [3] $ 2.00 $ 1.59
Weighted-average common shares outstanding (in shares) 1,879.0 1,910.4
Diluted earnings per share    
Income from continuing operations (in dollars per share) [3] $ 1.96 $ 1.58
Income (loss) from discontinued operations, net of taxes (in dollars per share) [3] 0 0
Net income (in dollars per share) [3] $ 1.96 $ 1.58
Adjusted weighted-average diluted common shares outstanding (in shares) 1,919.6 1,943.2
[1]     Effective January 1, 2025, certain transaction processing fees paid by Citi, primarily to credit card networks, which were previously presented within Other operating expenses, are presented as contra-revenue within Commissions and fees reported in Non-interest revenue. Prior periods were conformed to reflect this change in presentation.
[2] In accordance with ASC 326, which requires the provision for credit losses on AFS debt securities to be included in revenue. The Total provisions for credit losses and for benefits and claims excludes the provision for credit losses on AFS debt securities, which is disclosed separately above.
[3] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.