Citigroup delivered strong top- and bottom-line growth in Q1 2026, with revenue up 14.1% and net income up 42.3% year-over-year, reflecting broad-based loan and fee demand — though operating cash flow remained negative due to the timing of balance sheet settlements.
Key takeaways
Revenue was $24.6B (up 14.1% YoY), driven by increased demand for funded loans in Banking, financing activity in Markets, and trade loans in Services — partially offset by lower seasonal volumes in USCC.
Diluted EPS was $3.06 (up 56.1% YoY), reflecting both earnings growth and disciplined share count management amid elevated compensation and legal expenses.
Free cash flow was -$23.3B, resulting from a $21.9B outflow in operating cash activities — consistent with prior-period settlement patterns — and $1.4B in capital expenditures.