How does Citigroup (C) make money?

Citigroup (C) generates revenue primarily from Services, which accounted for 26.9% of total revenue in TTM through Q1 2026. The company reported $171.19B in revenue and converted 9.3% of it into net profit, equivalent to roughly $15.99B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Citigroup (C)?

Citigroup (C) reported a gross profit margin of 45.5% in TTM through Q1 2026, equivalent to $77.85B in gross profit on $171.19B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Citigroup (C)?

Citigroup (C) reported an operating profit margin of 12.8% in TTM through Q1 2026, equivalent to $21.90B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Citigroup (C)?

Citigroup (C) reported a net profit margin of 9.3% in TTM through Q1 2026, equivalent to $15.99B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Citigroup (C) profitable?

Yes. Citigroup (C) reported $15.99B in net income for TTM through Q1 2026, with a net profit margin of 9.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Citigroup (C) invest in research and development?

Citigroup (C) invested $2.33B in research and development during TTM through Q1 2026, roughly 1.4% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Citigroup (C) spend on capital expenditures?

Citigroup (C) spent $6.42B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Citigroup (C) generate?

Citigroup (C) generated −$37.22B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -21.7%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Citigroup (C)?

Citigroup (C) had an effective tax rate of 25.6% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Citigroup (C)?

Citigroup (C) reports revenue across 5 reportable product segments, led by Services at 26.9% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Citigroup Makes Money: 2026 Visual Revenue Map

Citigroup (C) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Citigroup discloses geographic revenue only in annual filings. to view the full breakdown.

Citigroup (C) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Citigroup (C) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Services	$46.07B	26.9%
Markets	$44.99B	26.3%
U.S. Personal Banking	$44.31B	25.9%
Personal Banking & Wealth	$18.19B	10.6%
Banking Segment	$17.63B	10.3%
Total	$171.19B	100%

Services$46.07B
Markets$44.99B
U.S. Personal Banking$44.31B
Personal Banking & Wealth$18.19B
Banking Segment$17.63B
Total$171.19B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Citigroup (C) reports revenue across 5 operating segments; the largest segment was Services at 26.9%, followed by Markets (26.3%) and U.S. Personal Banking (25.9%).

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