Citigroup (C) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter a year earlier. The filing discusses non-GAAP measures and divestiture-related impacts that may affect reported results.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter a year earlier. The filing discusses non-GAAP measures and divestiture-related impacts that may affect reported results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.4B
Revenue reported for this quarter.
Quarter-over-quarter
-9.4%
Change from the immediately preceding quarter.
Year-over-year
-1.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$77.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $18.5B | +6.1% |
| Dec 31, 2022 | $18B | +5.8% |
| Mar 31, 2023 | $21.4B | +11.8% |
| Jun 30, 2023 | $19.4B | -1.0% |
Revenue performance
The reported revenue decreased from the prior quarter, reflecting a reversal of the growth seen in the previous period. Compared with the same quarter last year, revenue was also slightly lower.
Quarterly comparison
Revenue in the current quarter was lower than both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year change.
What to watch
The filing highlights non-GAAP financial measures and divestiture-related adjustments; their impact on underlying revenue trends warrants attention.