Citigroup Q2 2026: Net Income Surges 45% to $5.8B on Record Revenue, $30B Buyback Authorized

summarizeSummary

Citigroup reported Q2 2026 net income of $5.8 billion, up 45% year-over-year, on record revenue of $24.8 billion. The bank authorized a new $30 billion share repurchase program and raised its quarterly dividend by 12%.

check_boxKey Events · Earnings and Guidance · C

• Record Revenue and Earnings

  Net income for Q2 2026 reached $5.8 billion ($3.15 per share), a 45% year-over-year increase, driven by record revenue of $24.8 billion—up 14%. All five business segments contributed to the revenue growth.

• Massive Capital Return Program

  A new $30 billion common stock repurchase program was authorized, and the quarterly dividend was raised by 12% to $0.67 per share. During Q2, the bank repurchased $4.0 billion in shares and paid $1.0 billion in common dividends.

• Strong Capital Position

  Under the Standardized Approach, the CET1 Capital ratio stood at 12.8%, roughly 120 basis points above the regulatory requirement, providing ample capacity for the expanded capital return program.

• Broad-Based Revenue Growth

  Revenue rose across the board: Services up 18%, Markets up 17%, Banking up 34%, Wealth up 13%, and U.S. Consumer Cards up 1%. Non-Markets net interest income increased 6%.

auto_awesomeAnalysis · C · Finance

A standout quarter for Citigroup saw net income jump 45% year-over-year to $5.8 billion, powered by record revenue of $24.8 billion. Revenue expanded across all five business segments, and four of them delivered positive operating leverage. The bank returned $5.0 billion to shareholders through buybacks and dividends, and it announced a new $30 billion share repurchase program. With a CET1 ratio of 12.8%—well above regulatory requirements—there is ample capacity for further capital returns. These results underscore strong execution throughout the franchise, with particular momentum in Services, Markets, and Banking, and they highlight the earnings power of Citi's diversified model.