Citigroup Inc. has reported net income for the third quarter 2026 of $5.2 billion, or $2.85 per diluted share, on revenues of $23.8 billion. This compares to net income of $3.8 billion, or $1.86 per diluted share, on revenues of $22.1 billion for the third quarter 2025.
As previously disclosed(3) , third quarter results in the prior-year period included a notable item consisting of a goodwill impairment of $726 million ($714 million after-tax), recorded in operating expenses, related to Citi’s agreement to sell a 25% equity stake in Grupo Financiero Banamex, S.A. de C.V. (Banamex).
Revenues increased 8% from the prior-year period, driven by growth in Services, Wealth, Markets and Banking, partially offset by a decline in All Other.
Net income was $5.2 billion, compared to $3.8 billion in the prior-year period on a reported basis, driven by higher revenues and lower expenses, partially offset by a higher provision for credit losses. Excluding the notable item, net income in the prior-year period was $4.5 billion(3) .
Earnings per share of $2.85 increased from $1.86 per diluted share in the prior-year period on a reported basis,reflecting higher net income and a lower share count due to share repurchases. Excluding the notable item, earnings per share in the prioryear period was $2.24(3) .
Percentage comparisons throughout this press release are calculated for the third quarter 2026 versus the third quarter 2025, unless otherwise specified.
