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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
 9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
Commissions and Fees
The primary components of Commissions and fees revenue are investment banking fees, brokerage commissions, credit card and bank card income, deposit-related fees and transactional service fees. See Note 3 for segment results and Note 5 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K for additional information on Citi’s commissions and fees.
The following table presents Commissions and fees revenue:

Three Months Ended September 30,Nine Months Ended September 30,
In millions of dollars2025202420252024
Investment banking(1)
$1,128 $944 $3,171 $2,692 
Brokerage commissions(2)
730 653 2,135 1,895 
Credit and bank card income(3)
Interchange fees(4)
3,055 2,946 8,930 8,772 
Card-related loan fees187 162 529 439 
Card rewards and partner payments(3,384)(3,187)(9,845)(9,292)
Deposit-related fees(5)
352 324 1,018 1,005 
Transactional service fees(6)
377 344 1,112 1,043 
Corporate finance(7)
177 164 521 512 
Insurance distribution revenue(8)
80 76 240 238 
Insurance premiums(9)
23 23 76 72 
Loan servicing21 19 68 54 
Other142 121 385 350 
Total(10)
$2,888 $2,589 $8,340 $7,780 

(1)    Investment banking fees are earned primarily by Banking and Markets. For the periods presented, the contract liability amount was negligible.
(2)    Brokerage commissions are earned primarily by Markets and Wealth. The Company recognized $46 million and $137 million of revenue related to variable consideration for the three and nine months ended September 30, 2025, and $43 million and $129 million for the three and nine months ended September 30, 2024, respectively. These amounts primarily relate to performance obligations satisfied in prior periods.
(3)    Credit card and bank card income is earned primarily by USPB and Services.
(4)    See footnote 1 to the Consolidated Statement of Income above for the description of a change in presentation. Interchange fees are presented net of certain transaction processing fees paid by Citi, primarily to credit card networks, for the periods presented.
(5)    Deposit-related fees are earned primarily by Services and USPB.
(6)    Transactional service fees are earned primarily by Services.
(7)    Consists primarily of fees earned from structuring and underwriting loan syndications or related financing activity earned primarily by Banking. This activity is accounted for under ASC 310.
(8)    Insurance distribution revenue is earned primarily by Wealth and Legacy Franchises within All Other.
(9)    Insurance premiums are earned primarily by Legacy Franchises within All Other.
(10)    Commissions and fees include $(3.0) billion and $(8.6) billion not accounted for under ASC 606, Revenue from Contracts with Customers, for the three and nine months ended September 30, 2025, and $(2.8) billion and $(8.2) billion for the three and nine months ended September 30, 2024, respectively. Amounts reported in Commissions and fees accounted for under other guidance primarily include card-related loan fees, card reward programs and certain partner payments, corporate finance fees, insurance premiums and loan servicing fees.

Administration and Other Fiduciary Fees
Administration and other fiduciary fees revenue is primarily composed of custody fees and fiduciary fees. See Note 3 for segment results and Note 5 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K for additional information on Citi’s administration and other fiduciary fees.
The following table presents Administration and other fiduciary fees revenue:

Three Months Ended September 30,Nine Months Ended September 30,
In millions of dollars2025202420252024
Custody fees(1)
$551 $520 $1,597 $1,562 
Fiduciary fees(2)
431 403 1,286 1,183 
Guarantee fees135 136 402 397 
Total administration and other fiduciary fees(3)
$1,117 $1,059 $3,285 $3,142 

(1)    Custody fees are earned primarily by Services.
(2)    Fiduciary fees are earned primarily by Wealth and Legacy Franchises within All Other.
(3)    Administration and other fiduciary fees include $135 million and $136 million for the three months ended September 30, 2025 and 2024, and $402 million and $397 million for the nine months ended September 30, 2025 and 2024, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.