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OPERATING SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Information regarding the Company's operations by segment
The following tables present certain information regarding the Company’s continuing operations by reportable operating segments and All Other on a managed basis that excludes divestiture-related impacts. The CODM uses Income (loss) from continuing operations as the performance measure, to evaluate the results of each reportable operating segment by
comparing to and monitoring against budget and prior-year results. This information is used to allocate resources to each of the segments and to make operational decisions when managing the Company, such as whether to reinvest profits or to return capital to shareholders through dividends and share repurchases.

Three Months Ended March 31,
In millions of dollars, except identifiable assets,
average loans and average deposits in billions		ServicesMarketsBanking
202520242025202420252024
Net interest income$3,498 $3,317 $2,013 $1,706 $491 $582 
Non-interest revenue1,391 1,446 3,973 3,651 1,461 1,154 
Total revenues, net of interest expense(1)
$4,889 $4,763 $5,986 $5,357 $1,952 $1,736 
Compensation expense(2)
$632 $624 $1,018 $978 $632 $724 
Non-compensation expense(1)(3)
1,952 2,039 2,450 2,406 402 455 
Total operating expense(1)
$2,584 $2,663 $3,468 $3,384 $1,034 $1,179 
Provisions for credit losses and for benefits and claims$51 $64 $201 $199 $214 $(129)
Provision (benefits) for income taxes644 521 522 353 162 159 
Income (loss) from continuing operations1,610 1,515 1,795 1,421 542 527 
Identifiable assets (March 31, 2025 and December 31, 2024)
$589 $584 $1,165 $949 $147 $143 
Average loans87 82 128 120 82 89 
Average deposits826 808 15 24 — 1 
In millions of dollars, except identifiable assets,
average loans and average deposits in billions		WealthUSPB
2025202420252024
Net interest income$1,274 $981 $5,541 $5,226 
Non-interest revenue822 706 (313)(117)
Total revenues, net of interest expense(1)
$2,096 $1,687 $5,228 $5,109 
Compensation expense(2)
$669 $646 $554 $564 
Non-compensation expense(1)(3)
970 990 1,888 1,886 
Total operating expense(1)
$1,639 $1,636 $2,442 $2,450 
Provisions for credit losses and for benefits and claims$98 $(170)$1,811 $2,204 
Provision (benefits) for income taxes75 46 230 108 
Income (loss) from continuing operations284 175 745 347 
Identifiable assets (March 31, 2025 and December 31, 2024)
$224 $224 $244 $252 
Average loans147 150 216 204 
Average deposits310 316 89 100 
In millions of dollars, except identifiable assets,
average loans and average deposits in billions
All Other(4)
Reconciling Items(4)
Total Citi
202520242025202420252024
Net interest income$1,195 $1,695 $— $— $14,012 $13,507 
Non-interest revenue250 681 — (12)7,584 7,509 
Total revenues, net of interest expense(1)
$1,445 $2,376 $— $(12)$21,596 $21,016 
Total operating expense(1)
$2,224 $2,685 $34 $110 $13,425 $14,107 
Provisions for credit losses and for benefits and claims$359 $186 $(11)$11 $2,723 $2,365 
Provision (benefits) for income taxes(285)(12)(8)(39)1,340 1,136 
Income (loss) from continuing operations(853)(483)(15)(94)4,108 3,408 
Identifiable assets (March 31, 2025 and December 31, 2024)
$203 $201 $2,572 $2,353 
Average loans31 34 691 679 
Average deposits65 77 1,305 1,326 
(1)    Effective January 1, 2025, certain transaction processing fees paid by Citi, primarily to credit card networks, reported within USPB, Services, Wealth and All Other—Legacy Franchises (Mexico Consumer/SBMM (Banamex) and Asia Consumer), 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)    Excludes allocations of Compensation and benefits expense related to services provided by Corporate/Other within All Other, which are allocated from All Other to each respective reportable segment, as applicable, through the non-compensation expense line.
(3)    Non-compensation expense for each reportable segment includes allocated compensation and benefits-related costs from Corporate/Other within All Other to the respective reportable business segments, and expenses related to Technology/communication, Transactional and tax charges, Premises and equipment, Professional services, Advertising and marketing and Other operating (all of which include certain overhead expenses).
(4)    Segment results are presented on a managed basis that excludes divestiture-related impacts related to (i) Citi’s divestitures of its Asia consumer banking businesses and (ii) the planned IPO of Mexico Consumer/SBMM (Banamex) within All Other—Legacy Franchises. Adjustments are included in Legacy Franchises within All Other and are reflected in the reconciliations above to arrive at Citi’s reported results in the Consolidated Statement of Income.


The following table presents a reconciliation of total Citigroup income from continuing operations as reported:

Three Months Ended March 31,
In millions of dollars
2025(1)
2024(2)
Total segments and All Other—income from continuing operations(3)
$4,123 $3,502 
Divestiture-related impact on:
Total revenues, net of interest expense— (12)
Total operating expenses34 110 
Provision (release) for credit losses(11)11 
Provision (benefits) for income taxes(8)(39)
Income from continuing operations$4,108 $3,408 

(1)    The three months ended March 31, 2025 includes approximately $34 million in operating expenses (approximately $23 million after-tax), primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
(2)    The three months ended March 31, 2024 includes an approximate $110 million in operating expenses (approximately $77 million after-tax), primarily related to separation costs in Mexico and severance costs in the Asia exit markets. For additional information, see Citi’s Quarterly Report on Form 10-Q for the period ended March 31, 2024.
(3)    Segment results are presented on a managed basis that excludes divestiture-related impacts related to (i) Citi’s divestitures of its Asia consumer banking businesses and (ii) the planned IPO of Mexico Consumer/SBMM (Banamex) within All Other—Legacy Franchises. Adjustments are included in Legacy Franchises within All Other and are reflected in the reconciliations above to arrive at Citi’s reported results in the Consolidated Statement of Income.