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Get filing alertsCitigroup reports Q2 2026 net income of $5.8B (up 45% YoY), raises dividend 12%, launches $30B buyback
Filed July 14, 2026 · Period ending July 14, 2026 · ~1 min read
Key Changes
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Net income $5.8B ($3.15/share) on revenues $24.8B, up 45% and 14% YoY respectively; return on tangible common equity 13.0%, up 430 bps YoY
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Announced 12% dividend increase and launched $30B share buyback plan; returned $5.0B to shareholders in Q2 (92% payout ratio)
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Services segment delivered record revenue of $6.4B (up 18%) and net income $2.6B (up 51%), with return exceeding 30%; prime balances up nearly 60%
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Investment Banking revenues up 44% to $1.5B, with Debt Capital Markets up 65% and Equity Capital Markets up 92% on strong market conditions
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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CET1 ratio declined to 12.8% from 13.2% at year-end 2025, reflecting capital deployment; tangible book value per share rose 7% YoY to $100.89
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
Citigroup delivered strong second quarter 2026 results with net income of $5.8 billion, up 45% year-over-year, and revenues of $24.8 billion, up 14%. Earnings per share of $3.15 increased 61% from the prior-year quarter. The return on tangible common equity reached 13.0%, up 430 basis points, reflecting improved profitability across the franchise.
Growth was broad-based, with all five business segments posting revenue increases. The Services segment achieved record quarterly revenue of $6.4 billion and a return exceeding 30%, driven by higher deposit balances and a 13% increase in cross-border transaction value. Markets revenues grew 17% to $7.0 billion, with Equities up 45% on strong derivatives and prime services activity (prime balances up nearly 60%).
Investment Banking revenues surged 44%, led by a 92% jump in Equity Capital Markets and 65% growth in Debt Capital Markets. Citigroup announced a 12% dividend increase and launched a $30 billion share buyback plan, returning $5.0 billion to shareholders during the quarter. The CET1 ratio declined to 12.8% from 13.2% at year-end, reflecting capital deployment through buybacks and dividends. Tangible book value per share increased 7% year-over-year to $100.89. The results demonstrate strong momentum in institutional businesses and effective capital management as the company continues simplifying its portfolio through Legacy Franchises exits.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Citigroup announced Q2 2026 earnings results via press release and financial data supplement.
Added in current filing · verify on EDGAR →
On July 14, 2026, Citigroup Inc. announced its results for the quarter ended June 30, 2026.
Citigroup disclosed its second quarter 2026 financial results. The 8-K references a press release and quarterly financial data supplement as exhibits, but does not include the actual financial metrics in the body of the filing.
Event · Exhibit 99.1
Citigroup reported Q2 2026 net income of $5.8B (up 45% YoY), revenues of $24.8B (up 14%), and announced a 12% dividend increase plus a $30B buyback plan.
Added in current filing · view on EDGAR →
Citigroup Inc. today reported net income for the second quarter 2026 of $5.8 billion, or $3.15 per diluted share, on revenues of $24.8 billion. This compares to net income of $4.0 billion, or $1.96 per diluted share, on revenues of $21.7 billion for the second quarter 2025.
Citigroup reported second quarter 2026 net income of $5.8 billion ($3.15 per diluted share) on revenues of $24.8 billion, compared to $4.0 billion ($1.96 per share) on revenues of $21.7 billion in the prior-year quarter. Net income increased 45% and revenues grew 14%, driven by growth across all five business segments and Legacy Franchises.
Added in current filing · view on EDGAR →
Services delivered its highest ever quarterly revenue and a return of over 30%. ... Services revenues of $6.4 billion were up 18%, driven by growth in Treasury and Trade Solutions and Securities Services. ... Services net income of $2.6 billion increased 51%
The Services segment delivered record quarterly revenue of $6.4 billion (up 18%) and net income of $2.6 billion (up 51%), with a return on tangible common equity exceeding 30%. Growth was driven by higher deposit balances, increased cross-border transaction value (up 13%), and a 22% increase in assets under custody and administration.
Added in current filing · view on EDGAR → · paraphrased
Markets revenues of $7.0 billion increased 17%, driven by growth in Equity markets and Fixed Income markets revenues. ... Equity markets revenues of $2.3 billion increased 45%, driven by growth in derivatives on higher client activity and prime services. Prime balances were up nearly 60%.
Markets revenues reached $7.0 billion (up 17%), with particularly strong performance in Equities (up 45% to $2.3 billion) driven by derivatives and prime services, where prime balances increased nearly 60%. Fixed Income revenues grew 7% to $4.7 billion, led by spread products and foreign exchange.
Added in current filing · view on EDGAR →
Banking revenues of $1.9 billion increased 34%, driven by growth in Investment Banking ... Investment Banking revenues of $1.5 billion increased 44%, driven by growth in Debt Capital Markets (DCM) and Equity Capital Markets (ECM) ... DCM revenues increased 65%, primarily driven by growth across both leveraged finance and investment grade. ECM revenues increased 92% amid very strong market conditions
Banking revenues grew 34% to $1.9 billion, with Investment Banking revenues up 44% to $1.5 billion. Debt Capital Markets revenues surged 65% on strength in leveraged finance and investment grade, while Equity Capital Markets revenues jumped 92% driven by strong IPO and follow-on activity.
Event · Exhibit 99.2
Citigroup disclosed Q2 2026 earnings: net income $5.8B, revenues $24.8B, EPS $3.15, CET1 ratio 12.8%, and continued Legacy Franchises exits.
Added in current filing · view on EDGAR →
Citigroup's net income (loss) | $ 4,019 | $ 3,752 | $ 2,471 | $ 5,785 | $ 5,831 | 1% | 45% | $ 8,083 | $ 11,616 | 44%
Citigroup reported net income of $5,831 million for Q2 2026, up 45% year-over-year from $4,019 million in Q2 2025 and up 1% sequentially from $5,785 million in Q1 2026. Diluted EPS was $3.15, up 61% year-over-year. Total revenues were $24,766 million, up 14% year-over-year, driven by growth across Services (18%), Markets (17%), Banking (34%), and Wealth (13%) segments.
Added in current filing · view on EDGAR →
Common Equity Tier 1 (CET1) Capital ratio(1) (2) | 13.48% | 13.27% | 13.18% | 12.75% | 12.8%
Citigroup's CET1 ratio was 12.8% at June 30, 2026, down from 13.18% at December 31, 2025 and 13.48% at June 30, 2025. The Tier 1 Capital ratio was 14.7% and the Supplementary Leverage ratio was 5.2%. These preliminary ratios reflect the bank's regulatory capital position under U.S. Basel III rules.
Added in current filing · view on EDGAR →
Book value per share | 106.94 | 108.41 | 110.01 | 112.22 | 114.74 | 2% | 7% | Tangible book value per share(4) | 94.16 | 95.72 | 97.06 | 99.01 | 100.89 | 2% | 7%
Book value per share increased to $114.74 at June 30, 2026, up 7% from $106.94 a year earlier. Tangible book value per share rose to $100.89, also up 7% year-over-year. Both metrics increased 2% sequentially from Q1 2026, reflecting earnings retention and capital management.
Added in current filing · view on EDGAR →
Return on tangible common equity (RoTCE) (4) | 8.7% | 8.0% | 5.1% | 13.1% | 13.0% | (10) bps | 430 bps | 8.9% | 13.1% | 420 bps
Citigroup's return on tangible common equity (RoTCE) was 13.0% in Q2 2026, up 430 basis points from 8.7% in Q2 2025 and down 10 basis points sequentially from 13.1% in Q1 2026. For the first half of 2026, RoTCE was 13.1%, up 420 basis points from 8.9% in the first half of 2025, reflecting improved profitability.
Added in current filing · view on EDGAR →
Mexico Consumer/SBMM revenues—U.S. GAAP
$ 1,536 | $ 1,722 | $ 1,775 | $ 2,054 | $ 1,996 | (3%) | 30% | $ 3,003 | $ 4,050 | 35%
Citigroup continued executing exits from Legacy Franchises. Mexico Consumer/SBMM revenues were $1,996 million in Q2 2026, up 30% year-over-year. The filing discloses divestiture-related impacts across closed or signed markets, Mexico Consumer/SBMM, and wind-downs, reflecting ongoing portfolio simplification. Legacy Franchises net income was $89 million in Q2 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify