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Citigroup C Letters of Credit

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Other financials

Income statement

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Revenue$24.8B+14.3%
Net income$5.8B+45.1%
EPS (diluted)$3.15+60.7%

Balance sheet

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Cash & equivalents$366.41B+8.6%
Total debt$413.92B+7.4%
Total equity$212.02B-0.6%
Total assets$2.89T+10.4%

Cash flow

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Operating cash flow-$24.1B+34.2%
CapEx$1.6B-11.6%
Free cash flow-$25.6B+33.1%

Valuation

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Market cap$230.88B+36.0%
Enterprise value$278.38B+27.8%
P/E12.9×+1.0×
P/S2.5×+0.5×

Profitability

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Gross margin76.6%
Net margin19.5%+2.4pp
FCF margin-71.1%

Returns & leverage

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Return on equity8.4%+1.7pp
Debt / equity+0.1×

Where this comes from

Reported directly by Citigroup in its filing.

Tagged under the XBRL concept c:LettersOfCreditReceivedAsCollateral.

The source filing: Citigroup’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000831001-26-000045

Cash collateral available to Citi to reimburse losses realized under these guarantees and indemnifications amounted to $79.8 billion and $61.3 billion at June 30, 2026 and December 31, 2025, respectively. Securities and other marketable assets held as collateral amounted to $116.0 billion and $90.8 billion at June 30, 2026 and December 31, 2025, respectively. The majority of collateral is held to reimburse losses realized under securities lending indemnifications. In addition, letters of credit in favor of Citi held as collateral amounted to $3.4 billion and $2.5 billion at June 30, 2026 and December 31, 2025, respectively. Other property may also be available to Citi to cover losses under certain guarantees and indemnifications; however, the value of such property has not been determined.

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FAQ

What is Citigroup's letters of credit?
Citigroup (C) reported letters of credit of $3.4B in Q2 2026.
How has Citigroup's letters of credit changed year-over-year?
Citigroup's letters of credit increased by 9.7% year-over-year, from $3.1B to $3.4B.
What is the long-term trend for Citigroup's letters of credit?
Over 5 years (2020 to 2025), Citigroup's letters of credit has grown at a -17.6% compound annual growth rate (CAGR), from $6.6B to $2.5B.
What does letters of credit mean?
Letters of credit are off-balance sheet financial instruments where the bank guarantees payment to a third party on behalf of a client. This service is a core component of trade finance and corporate banking, facilitating international commerce by mitigating counterparty risk. It represents a contingent liability that could become a direct obligation if the client defaults.

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