Citigroup Markets — Noninterest Expense increased by 6.3% to $3.84B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.6%, from $3.47B to $3.84B. Over 3 years (FY 2022 to FY 2025), Markets — Noninterest Expense shows an upward trend with a 4.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A rising ratio of expense to revenue indicates declining operational efficiency, whereas a falling ratio suggests improved cost management.
The aggregate of all operating costs for the Markets segment, including both compensation and non-compensation expenses....
Standard metric for measuring segment-level operating efficiency across the banking industry.
c_segment_markets_noninterest_expense| 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 | $3.11B | $3.11B | $3.11B | $3.11B | $3.31B | $3.31B | $3.31B | $3.31B | $3.38B | $3.31B | $3.34B | $3.17B | $3.47B | $3.51B | $3.49B | $3.61B | $3.84B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.5% | +0.0% | +0.0% | +0.0% | +2.1% | -2.3% | +1.0% | -4.9% | +9.2% | +1.2% | -0.5% | +3.4% | +6.3% |
| YoY Change | — | — | — | — | +6.5% | +6.5% | +6.5% | +6.5% | +2.1% | -0.3% | +0.7% | -4.2% | +2.4% | +6.2% | +4.6% | +13.7% | +10.6% |