Citigroup (C) Research & Development (2009 - 2026)
Citigroup (C) posted quarterly Research & Development of $2.4 billion for Q4 2025, up 6.63% year-over-year from $2.3 billion in Q4 2024, and up 4.47% quarter-over-quarter from $2.3 billion in Q3 2025.
Citigroup (C) Research & Development (2009 - 2026) Analysis & Trends
Citigroup (C) has reported Research & Development for 17 consecutive years, with $2.4 billion the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development rose 6.63% year-over-year to $2.4 billion; the TTM figure through Dec 2025 stood at $9.4 billion (up 4.29% YoY), while the FY2025 annual figure was $9.4 billion, up 4.29% from the prior year.
- Research & Development rose to $2.4 billion in Q4 2025 per C's latest filing, from $2.3 billion in the prior quarter.
- Across five years, Research & Development topped out at $2.4 billion in Q4 2025 and bottomed at $1.9 billion in Q1 2021.
- Historically, Research & Development has averaged $2.2 billion across 5 years, with a median of $2.3 billion in 2023.
- Annual changes were most pronounced in 2022 — Research & Development gained 13.15% — and 2024, when it fell 5.63%.
- Citigroup's Research & Development stood at $2.1 billion in 2021, then increased by 13.15% to $2.4 billion in 2022, then advanced by 2.37% to $2.4 billion in 2023, then slipped by 5.63% to $2.3 billion in 2024, then climbed by 6.63% to $2.4 billion in 2025.
- Business Quant data shows C's Research & Development at $2.4 billion in Q4 2025, $2.3 billion in Q3 2025, and $2.3 billion in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 1.92 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | - |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 255.80 Mn |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | - |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | - |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 2.27 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | - |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - | 569.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.27 Bn |
| Dec 31, 2025 | 2.43 Bn |
| Sep 30, 2025 | 2.33 Bn |
| Jun 30, 2025 | 2.29 Bn |
| Mar 31, 2025 | 2.38 Bn |
| Dec 31, 2024 | 2.28 Bn |
| Sep 30, 2024 | 2.27 Bn |
| Jun 30, 2024 | 2.24 Bn |
| Mar 31, 2024 | 2.25 Bn |
| Dec 31, 2023 | 2.41 Bn |
| Sep 30, 2023 | 2.26 Bn |
| Jun 30, 2023 | 2.31 Bn |
| Mar 31, 2023 | 2.13 Bn |
| Dec 31, 2022 | 2.36 Bn |
| Sep 30, 2022 | 2.15 Bn |
| Jun 30, 2022 | 2.07 Bn |
| Mar 31, 2022 | 2.02 Bn |
| Dec 31, 2021 | 2.08 Bn |
| Sep 30, 2021 | 2.00 Bn |
| Jun 30, 2021 | 1.90 Bn |