Citigroup C Net Operating Loss Carryforwards
Net Operating Loss Carryforwards at other companies
Other financials
Where this comes from
Reported directly by Citigroup in its filing.
Tagged under the XBRL concept c:DomesticLossesReclassifiedAsForeignSourceIncome.
The source filing: Citigroup’s 10-K, filed February 20, 2026.
- Filed
- Feb 20, 2026, 5:06 PM EST
- Fiscal year
- FY2025
- Accession
- 0000831001-26-000011
With respect to the FTCs component of the DTAs, the carry-forward period is 10 years. Utilization of FTCs in any year is generally limited to 21% of foreign source taxable income in that year. However, ODL that Citi has incurred of approximately $10 billion as of December 31, 2025 are allowed to be reclassified as foreign source income to the extent of 50%–100% (at taxpayer’s election) of domestic source income produced in subsequent years. Such resulting foreign source income would help support the realization of the FTC carry-forwards after VA. As noted in the tables above, Citi’s FTC carry-forwards were $0.3 billion ($2.6 billion before VA) as of December 31, 2025, compared to $0.7 billion ($4.0 billion before VA) as of December 31, 2024. The increased VA on branch FTCs is reflected in the “Non-U.S. income tax rate differential” line in the “Tax Rate” section above. Citi believes that it will more-likely-than-not generate sufficient U.S. taxable income within the 10-year carry-forward period to be able to utilize the net FTCs after the VA, after considering any FTCs produced in the tax return for such period, which must be used prior to any carry-forward utilization.
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FAQ
- What is Citigroup's net operating loss carryforwards?
- Citigroup (C) reported net operating loss carryforwards of $10B in Q4 2025.
- How has Citigroup's net operating loss carryforwards changed year-over-year?
- Citigroup's net operating loss carryforwards increased by 11.1% year-over-year, from $9B to $10B.
- What is the long-term trend for Citigroup's net operating loss carryforwards?
- Over 5 years (2020 to 2025), Citigroup's net operating loss carryforwards has grown at a -17.4% compound annual growth rate (CAGR), from $26B to $10B.
- What does net operating loss carryforwards mean?
- These are tax assets representing losses that can be used to reduce taxable income in future periods. They provide a potential future tax shield, improving cash flow by lowering future tax payments. Investors monitor these to estimate the duration and magnitude of potential tax savings.
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