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Citigroup C Banking — Provision (benefit) for income taxes

Other segment segments

Services
$832M+15.6%
Markets
$797M+46.0%
USCC
$222M-12.9%
Wealth
$117M+134%

Similar metrics at other companies

Huntington Bancshares logo
HBANCommercial Banking — Provision (benefit) for income taxes
$93M+45.3%
Orange County Bancorp logo
OBTBanking — Income Tax Expense Benefit
$3.08M+30.7%
NBT
NBTBBanking — Income Tax Expense Benefit
$14.02M+54.9%
Huntington Bancshares logo
HBANConsumer & Regional Banking — Provision (benefit) for income taxes
$119M+40.0%
Great Southern Bancorp logo
GSBCBanking — Income Tax Expense Benefit
$2.84M-36.7%
Colony Bankcorp logo
CBANBank — Income Tax Expense Benefit
$2.19M+41.5%

Other financials

Income statement

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Revenue$24.6B+14.1%
Net income$5.8B+42.3%
EPS (diluted)$3.06+56.1%

Balance sheet

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Cash & equivalents$385.72B+25.1%
Total debt$396.86B+12.5%
Total equity$210.96B-0.7%
Total assets$2.78T+8.0%

Cash flow

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Operating cash flow-$21.9B+62.7%
CapEx$1.4B-6.7%
Free cash flow-$23.3B+61.3%

Valuation

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Market cap$226.26B+41.1%
Enterprise value$237.4B+13.9%
P/E14.1×+2.8×
P/S2.6×+0.6×

Profitability

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Gross margin76.6%
Net margin18.2%+1.7pp
FCF margin-71.1%

Returns & leverage

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Return on equity7.6%+1.2pp
Debt / equity1.9×+0.2×

Where this comes from

Reported directly by Citigroup in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Citigroup’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Citigroup's banking — provision (benefit) for income taxes?
Citigroup (C) reported banking — provision (benefit) for income taxes of $91M in Q1 2026.
How has Citigroup's banking — provision (benefit) for income taxes changed year-over-year?
Citigroup's banking — provision (benefit) for income taxes increased by 51.7% year-over-year, from $60M to $91M.
What is the long-term trend for Citigroup's banking — provision (benefit) for income taxes?
Over 3 years (2021 to 2025), Citigroup's banking — provision (benefit) for income taxes has grown at a -19.6% compound annual growth rate (CAGR), from $1.17B to $607M.
What does banking — provision (benefit) for income taxes mean?
This represents the estimated income tax expense or benefit allocated to the banking segment based on its pre-tax earnings and applicable tax jurisdictions. It reflects the segment's contribution to the overall tax burden of the parent organization.