Citigroup Q2 revenue up 8%, Services business records high return.

• Citigroup reports Q2 2025 revenue up 8% YoY • Services business shows strong performance • Markets business has best Q2 since 2020 • Banking revenues up 18% • Wealth revenues up 20% • U.S. Personal Banking sees growth in Branded Cards • Retail Bank loans up 10% YoY • Digital data shows strong growth across all business lines • Citi CEO Jane Fraser notes strong, sustainable results

Citigroup Inc. (NYSE:C) reported robust second-quarter (Q2) 2025 financial results, with revenue increasing by 8% year-over-year (YoY) to $21.7 billion, surpassing analyst expectations. The banking giant's shares traded at $88 in premarket, up 0.57% following the announcement, building on the previous day's close of $87.50 [3].

The company's earnings per share (EPS) grew 29% to $1.96, and net income rose 25% to $4.0 billion. The Return on Tangible Common Equity (ROTCE) reached 8.7%, a 150 basis point improvement from the previous year. The Common Equity Tier 1 (CET1) Capital Ratio was 13.5%, approximately 140 basis points above current regulatory requirements [3].

Citigroup's services business, which includes Treasury and Trade Solutions (TTS) and Securities Services, generated $5.1 billion in revenue, an 8% increase YoY. The markets business, which includes Fixed Income and Equity markets, saw its best Q2 performance since 2020, with revenues reaching $5.9 billion, a 16% increase YoY. Banking revenues grew 18% YoY to $1.9 billion, driven by a 13% increase in investment banking fees. Wealth revenues increased 20% YoY to $2.2 billion, while U.S. Personal Banking (USPB) revenues rose 6% YoY to $5.1 billion [3].

The company's U.S. Personal Banking segment saw growth in Branded Cards, and retail bank loans increased by 10% YoY. Digital data indicates strong growth across all business lines, reflecting Citigroup's strategic transformation initiatives [3].

Citigroup CEO Jane Fraser noted the strong, sustainable results during the second quarter, stating that the bank's performance demonstrates the effectiveness of its strategic transformation initiatives. The company continues to simplify its operations by focusing on five core businesses and exiting 14 international consumer markets [3].

The company's efficiency ratio improved by 340 basis points year-over-year, reflecting its focus on expense management. Citigroup returned $3.1 billion to shareholders during the quarter and approved a dividend increase to $0.60 per share starting in Q3 [3].

Citigroup expects fiscal 2025 revenue of around $84 billion, compared to the analyst consensus estimate of $83.84 billion. The company reiterated expenses just shy of $53.4 billion and expects 2025 Branded Cards Net Charge-Off (NCL) range: 3.50%-4.00% and Retail Services NCL range: 5.75%-6.25% [2].

References:
[1] https://www.cnbc.com/2025/07/15/citigroup-c-earnings-q2-2025.html
[2] https://www.benzinga.com/markets/earnings/25/07/46417779/citigroup-q2-revenue-and-profit-jumps-cfo-says-recession-risk-has-fallen
[3] https://www.investing.com/news/company-news/citigroup-q2-2025-presentation-revenue-jumps-8-announces-20b-buyback-93CH-4135508