Citi Q3 EPS Rises 53%; Prior-Year Charge Shapes Comparison

Citigroup reported third-quarter 2026 net income of $5.2 billion and diluted earnings per share of $2.85 in its October 13 release filed with the SEC. Revenue was $23.8 billion. Its reported EPS growth of 53% requires context: the comparable quarter last year contained a goodwill-impairment charge that reduced the starting figure.

The comparison, on both bases

The charge belongs to the prior year

The goodwill impairment was recorded in Q3 2025, not Q3 2026. Citi linked it to the agreement to sell a 25% equity stake in Banamex. Removing that prior-year item changes the comparison from reported EPS of $1.86 to $2.24. The current-quarter reported EPS remains $2.85 in this presentation; it is not an additional adjusted earnings amount.

The reported and excluded-item growth rates answer different questions. Using the lower reported prior-year base produces the larger percentage. The non-GAAP comparison is useful context, but does not replace the reported accounts. Citi also attributed EPS growth partly to a lower share count following buybacks, so EPS growth is not identical to profit growth.

What else to read

The filing reports higher revenue alongside lower reported expenses, partly offset by a higher credit-loss provision. Readers should examine the full expense and credit tables rather than treating the headline EPS increase as a complete account of risk. No analyst-consensus beat, stock-market reaction or future return is verified in this report.

Read our separate Wells Fargo results and credit-provision explanation.

Official sources and checks

Sources checked: 14/10/2026, 00:27:10 IST. Official announcement or filing · Issuer supporting evidence

Recorded source observation: 14 Oct 2026, 00:27:10 IST. This is a source-check timestamp, not a market quote or a new article update.