Discontinued — last reported Q3 '23
Business Segments · Operating expense
Legacy Franchises — Operating expense
Citigroup Legacy Franchises — Operating expense increased by 0.9% to $1.79B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 2.8%, from $1.85B to $1.79B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ3 2023Nov 3, 2023
Rolls up toTotal Operating Expenses
How to read this metric
Lower operating expenses indicate successful cost management or progress in reducing the footprint of legacy operations.
Detailed definition
The total costs incurred to operate the legacy business segment, including personnel, technology, administrative, and ot...
Peer comparison
Comparable to operating expenses for non-core or discontinued segments at other financial institutions.
Metric ID:
c_segment_legacy_franchises_operating_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.79B | $1.75B | $2.97B | $2.29B | $1.81B | $1.85B | $1.83B | $1.75B | $1.78B | $1.79B |
| QoQ Change | — | -2.2% | +70.0% | -22.8% | -20.9% | +1.7% | -0.8% | -4.3% | +1.5% | +0.9% |
| YoY Change | — | — | — | — | +1.5% | +5.5% | -38.4% | -23.6% | -2.0% | -2.8% |
Range$1.75B – $2.97B
CAGR+0.1%
Avg YoY Growth-10.0%
Median YoY Growth-2.4%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Citigroup's legacy franchises — operating expense?
- Citigroup (C) reported legacy franchises — operating expense of $1.79B in Q3 2023.
- How has Citigroup's legacy franchises — operating expense changed year-over-year?
- Citigroup's legacy franchises — operating expense decreased by 2.8% year-over-year, from $1.85B to $1.79B.
- What does legacy franchises — operating expense mean?
- The total cost of running the business units slated for divestiture or wind-down.