Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $74,298 | $71,884 | $75,338 | $78,462 | $81,139 |
| Gross Profit | $56,803 | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $11,047 | $21,952 | $14,845 | $9,228 | $12,682 |
Over the five-year period from 2020 to 2024, Citigroup’s revenue shows a modest upward trend overall. Beginning at USD 74,298 million in 2020, revenue dipped slightly to USD 71,884 million in 2021 before recovering steadily to USD 81,139 million in 2024. The revenue trend appears relatively stable without any sharp year‐over‐year changes exceeding 20%, suggesting that the bank has maintained its core business volume even during periods of market stress. Notably, gross profit figures are available only for 2020 at USD 56,803 million, with subsequent years reporting as zero. Operating income is consistently reported as zero across all years, indicating either a change in reporting practices or a data collection limitation rather than a clear operational shift. Net income, however, exhibits significant volatility over the period. Citigroup’s net income nearly doubled from USD 11,047 million in 2020 to USD 21,952 million in 2021 – a change of approximately 100%, which stands out as a large positive swing that may have been driven by favorable market conditions or adjustments in non-operational expenses. This was followed by a decline to USD 14,845 million in 2022 and a further drop to USD 9,228 million in 2023, representing consecutive declines of about 32% and 38%, respectively. In 2024, net income partly recovered to USD 12,682 million, a rebound of around 37% from the previous year. Overall, while revenue growth points to a sustainable market presence, the volatility in net income raises questions about profitability consistency, suggesting that Citigroup’s financial health may be influenced by fluctuating market conditions and internal cost controls.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.