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Income Statement (USD)
Q3 '24 | QoQ | |
---|---|---|
Revenue | 20.3B | 0.9% |
Gross Profit | 7.04B | 4.2% |
Cost of Revenue | 13.3B | 0.8% |
Operating expense | 3.17B | 0.6% |
Net Income | 3.24B | 0.7% |
EBITDA | 4.39B | 35.3% |
Balance Sheet (USD)
Q3 '24 | QoQ | |
---|---|---|
Total Assets | 2,431B | 1% |
Total Liabilities | 2,221B | 1.1% |
Total Equity | 209B | 0.4% |
Shares Outstanding | 1.9B | 0.4% |
Cash Flow (USD)
Q3 '24 | QoQ | |
---|---|---|
Cash from operations | -16.7B | 1.7% |
Cash from investing | 51.4B | 318.8% |
Cash from financing | 15.4B | 182.1% |
EPS
Financial Highlights for Citigroup in Q3 '24
Citigroup reported a revenue of 20.3B, which is a 0.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 7.04B, marking a 4.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 13.3B, a -0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.17B, showing a 0.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 3.24B, showing a 0.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 4.39B, showing a -35.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Citigroup with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.