EarningsQ2 2026 Earnings Report
MX:C Q2 2026 EPS Results
Actual EPS$54.39
Consensus EPS$47.29
Beat/MissBeat by +$7.10
One Year Ago EPS$33.84
MX:C Q2 2026 Revenue Results
Actual Revenue$783.35B
Expected Revenue$409.89B
Beat/MissBeat by +$373.46B
YoY Revenue Growth+4.85%
Earnings Announcement Details
QuarterQ2 2026
Date07/14/2026
TimeBefore Open
Conference CallTuesday, July 14, 2026
MX:C Upcoming Earnings
Citigroup's next earnings date is estimated for October 13, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:C Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating and financial results across most businesses — double-digit revenue growth in 4 of 5 businesses, record revenues, improved ROTCE and meaningful capital returns (buybacks and higher dividend). Management emphasized continued investments (AI, front-office talent, product and marketing) to drive durable, higher returns, while candidly flagging near-term headwinds: elevated credit losses in cards, meaningful investments and severance that will pressure efficiency and a historically seasonal slowdown in markets that could compress second-half results. On balance the positives (broad-based revenue strength, capital flexibility, transformation progress and very strong performance in services, markets, banking and wealth) materially outweigh the disclosed challenges and planned near-term investments.Company Guidance
Strong Firm-Level Profitability
Net income of $5.8 billion, EPS $3.15, and ROTCE at 13% for Q2; year-to-date ROTCE of 13.1% — notable improvement (firm ROTCE up ~430 bps) and best quarterly revenue in a decade.
Revenue Growth and Operating Leverage
Total revenues of $24.8 billion, up 14% year-over-year, generating positive operating leverage (management cited over 9% positive operating leverage) with expenses up 5% and quarter efficiency ratio below 58%.
Services Business Outperformance
Services delivered highest-ever quarterly revenue and ROTCE >30% (30.9% in quarter). Key drivers: cross-border transactions +13%, deposits +19%, assets under custody & administration up ~22%.
Markets Momentum
Markets revenues up 17% and exceeded $7 billion for the quarter; equities revenue up ~45% with prime balances up nearly 60%; spread products/other fixed income up 25%.
Banking / Investment Banking Strength
Banking revenues up 34% with Investment Banking up 44%; DCM +65% (second best quarter ever), ECM +92% (participated in 8 of top 10 ECM deals) including lead roles on large IPOs (SpaceX, Cerebras).
Wealth Business Progress
Wealth revenues up 13% with ROTCE >14% (14.4% in quarter). Client investment assets up 14%, net new investment assets of $15.7B in Q2 and $56B L12M (9% organic growth).
Cards Growth & Strategic Acquisitions
US consumer cards: general purpose card acquisitions +135%, spend volumes +12%, average loans +8%. Completed acquisition of additional American Airlines portfolio (~$6B loans, >2M accounts).
Capital, Liquidity and Shareholder Returns
CET1 ratio 12.8% (~120 bps above regulatory minimum), $30B common stock repurchase program (bought $4B in quarter), announced 12% dividend increase, available liquidity resources > $1 trillion and LCR ~114%.
Risk & Reserve Positioning
Total reserves > $22 billion with reserve-to-funded-loans ratio 2.5% (US card reserve-to-funded-loans ~7.6%); ~86% of card balances to consumers with FICO ≥660; guidance for US card NCL rate 4–4.5%.
Transformation & AI Adoption
Significant remediation/transformation progress (large bodies of work passed internal audit validation); widespread AI adoption — nearly 9 in 10 employees using AI tools to boost productivity and product time-to-market.
MX:C Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed