Business Segments · Non-compensation expense
Markets — Non-compensation expense
Citigroup Markets — Non-compensation expense increased by 1.1% to $2.64B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $2.45B to $2.64B. Over 3 years (FY 2022 to FY 2025), Markets — Non-compensation expense shows an upward trend with a 4.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026May 7, 2026
How to read this metric
Rising costs may indicate necessary technology investments or regulatory compliance spending, while declining costs suggest improved operational efficiency.
Detailed definition
Operating expenses for the Markets segment excluding personnel costs, such as technology infrastructure, occupancy, lega...
Peer comparison
Comparable to non-personnel operating expenses reported by peer investment banks.
Metric ID:
c_segment_markets_non_compensation_expenseHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.23B | $2.23B | $2.23B | $2.23B | $2.40B | $2.40B | $2.40B | $2.40B | $2.41B | $2.41B | $2.49B | $2.29B | $2.45B | $2.52B | $2.52B | $2.61B | $2.64B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.0% | +0.0% | +0.0% | +0.0% | +0.1% | +0.1% | +3.2% | -7.8% | +6.9% | +2.8% | +0.1% | +3.5% | +1.1% |
| YoY Change | — | — | — | — | +8.0% | +8.0% | +8.0% | +8.0% | +0.1% | +0.2% | +3.4% | -4.7% | +1.7% | +4.5% | +1.4% | +13.8% | +7.6% |
Range$2.23B – $2.64B
CAGR+4.3%
Avg YoY Growth+4.6%
Median YoY Growth+4.5%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is Citigroup's markets — non-compensation expense?
- Citigroup (C) reported markets — non-compensation expense of $2.64B in Q1 2026.
- How has Citigroup's markets — non-compensation expense changed year-over-year?
- Citigroup's markets — non-compensation expense increased by 7.6% year-over-year, from $2.45B to $2.64B.
- What is the long-term trend for Citigroup's markets — non-compensation expense?
- Over 3 years (2022 to 2025), Citigroup's markets — non-compensation expense has grown at a 4.3% compound annual growth rate (CAGR), from $8.91B to $10.09B.
- What does markets — non-compensation expense mean?
- Operating costs for the Markets segment excluding staff salaries and benefits.