> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Citigroup Posts 21% Profit Rise in Q1 2025
- URL: https://www.theglobalbanker.com/citigroup-posts-21-percent-profit-rise-q1-2025-transformation-programme-drives-efficiency/
- Published: 2025-04-15T18:41:00.000Z
- Updated: 2026-10-02T13:56:44.000Z
- Description: Citigroup's Q1 2025 net income rose 21% year-on-year to $4.1bn, with revenues of $21.6bn, as operating expenses fell 5%.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

Citigroup reported first-quarter 2025 net income of $4.1 billion, or $1.96 per diluted share, a 21% increase on the same period a year earlier. Total revenues reached $21.6 billion, up 3% year-on-year.

Operating expenses fell 5% year-on-year to $13.4 billion, driven by a smaller FDIC special assessment, the absence of a restructuring charge and lower compensation expenses, including productivity savings from the organisational simplification. 

#### BROAD-BASED REVENUE GROWTH

All five businesses grew revenue, with Wealth up 24% and Banking and Markets each up 12%. Services revenues rose 3% year-on-year to $4.9 billion, driven by growth in Treasury and Trade Solutions, which continued to gain market share, partly offset by lower non-interest revenue in Securities Services. Markets revenues advanced 12% to $6.0 billion, with Fixed Income markets revenues up 8% to $4.5 billion and Equity markets revenues up 23% to $1.5 billion.

The Common Equity Tier 1 ratio stood at 13.4% at the end of March 2025.

#### TRANSFORMATION AND OUTLOOK

Citigroup's Transformation programme follows the strategic direction outlined by chief executive Jane Fraser in 2021\. The programme encompasses a simplification of the firm's legal-entity structure, a reduction in management layers, the divestiture of consumer franchises in markets where scale is insufficient, and a modernisation of the bank's data infrastructure and risk management systems. 

Cost of credit rose 15% to $2.7 billion, reflecting a reserve build tied to a weaker macroeconomic outlook and higher net credit losses in the US card portfolios. Management has previously indicated that it will continue to focus on what it can control: expenses, capital discipline, and the pace of the Transformation.