Citigroup 2Q25 reported net income for the second quarter 2025 of $4.0 billion, or $1.96 per diluted share, on revenues of $21.7 billion. This compares to net income of $3.2 billion, or $1.52 per diluted share, on revenues of $20.0 billion for the second quarter 2024. Revenues increased 8% from the prior-year period on a reported basis, driven by growth in each of Citi’s five interconnected businesses, partially offset by a decline in All Other. Excluding divestiture-related impacts in both periods, revenues were up 9%. Net income was $4.0 billion, compared to $3.2 billion in the prior-year period, driven by the higher revenues, partially offset by higher cost of credit and higher expenses. Earnings per share of $1.96 increased from $1.52 per diluted share in the prior-year period, reflecting the higher net income and lower shares outstanding. Percentage comparisons throughout this press release are calculated for the second quarter 2025 versus the second quarter 2024, unless otherwise specified. Citi CEO Jane Fraser said, “We reported another very good quarter and continue to demonstrate that our strong results are sustainable through different environments. We’re improving the performance of each of our businesses to take share and drive higher returns. With revenue up 8%, Services continues to show why this high-return business is our crown jewel. Markets had its best second quarter performance since 2020 with a record second quarter for Equities. Banking revenues were up 18% and we continue to be at the center of some of the most significant transactions. Wealth revenues were up 20% with solid growth across all three lines of business. In U.S. Personal Banking, we saw good growth in Branded Cards while Retail Banking benefited from higher deposit spreads. We returned $3 billion in capital during the quarter, including $2 billion in share repurchases as part of our $20 billion repurchase plan. I’m particularly pleased that the momentum across our franchise includes the Transformation, as we streamline processes, drive automation and deploy AI. As I’ve said, next year’s 10–11% ROTCE target is a waypoint, not a destination. The actions we’ve taken have set up Citi to succeed long term, drive returns above that level and continue to create value for shareholders,” Ms. Fraser concluded. Citigroup Inc. today reported net income for the second quarter 2025 of $4.0 billion, or $1.96 per diluted share, on revenues of $21.7 billion. This compares to net income of $3.2 billion, or $1.52 per diluted share, on revenues of $20.0 billion for the second quarter 2024.