Citizens Financial Group Inc. (CFG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.25	$1.3	+4.0%	—	$2.3B	—
Q1 26	$1.09	$1.13	+3.7%	—	$2.2B	—
Q4 25	$1.03	$1.07	+3.9%	—	$2.2B	—
Q3 25	$1.03	$1.05	+1.9%	—	$2.1B	—
Q2 25	$0.88	$0.92	+4.5%	—	$2B	—
Q1 25	$0.75	$0.77	+2.7%	—	$1.9B	—
Q4 24	$0.83	$0.85	+2.4%	—	$2B	—
Q3 24	$0.79	$0.79	0.0%	—	$1.9B	—
Q2 24	$0.79	$0.82	+3.8%	—	$2B	—
Q1 24	$0.76	$0.79	+3.9%	—	$2B	—
Q4 23	$0.84	$0.85	+1.2%	—	$2B	—
Q3 23	$0.91	$0.89	-2.2%	—	$2B	—
Q2 23	$1	$1.04	+4.0%	—	$2.1B	—
Q1 23	$1.13	$1.1	-2.7%	—	$2.1B	—
Q4 22	$1.32	$1.32	0.0%	—	$2.2B	—
Q3 22	$1.27	$1.3	+2.4%	—	$2.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.9	—	—	$8.2B	—
FY24	—	$3.05	—	—	$7.8B	—
FY23	—	$3.14	—	—	$8.2B	—
FY22	—	$4.12	—	—	$8.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.3B	$5.7B	$6.1B	$6.5B	$6.9B	$6.6B	$8.1B	$8.2B	$7.8B	$8.2B
YoY change	+8.93%	+8.6%	+7.38%	+5.92%	+6.38%	-3.74%	+21.1%	+2.14%	-5.23%	+5.81%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.3B	5.7B	6.1B	6.5B	6.9B	6.6B	8.1B	8.2B	7.8B	8.2B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9B	2B	2.1B	2.1B	2.3B	2.3B	2.8B	3.2B	3B	3.1B
Operating expenses	1.9B	2B	2.1B	2.1B	2.3B	2.3B	2.8B	3.2B	3B	3.1B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	1.5B	1.9B	2.2B	2.3B	1.3B	3B	2.7B	2B	1.9B	2.3B
Income tax	489M	260M	462M	460M	241M	658M	582M	422M	379M	497M
Net income	1B	1.7B	1.7B	1.8B	1.1B	2.3B	2.1B	1.6B	1.5B	1.8B
Net margin	19.9%	28.9%	28.1%	27.6%	15.3%	34.9%	25.7%	19.6%	19.4%	22.2%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	1.97	3.26	3.54	3.82	2.22	5.18	4.12	3.14	3.05	3.9
Diluted EPS	1.97	3.25	3.52	3.81	2.22	5.16	4.1	3.13	3.03	3.86

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2B	2B	2B	2B	1.9B	2B	1.9B	2B	2.1B	2.2B	2.2B	2.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	749M	981M	802M	740M	727M	720M	774M	764M	781M	802M	829M	826M
Operating expenses	749M	981M	802M	740M	727M	720M	774M	764M	781M	802M	829M	826M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	549M	205M	430M	480M	470M	508M	468M	554M	629M	677M	650M	755M
Income tax	119M	16M	96M	88M	88M	107M	95M	118M	135M	149M	133M	168M
Net income	430M	189M	334M	392M	382M	401M	373M	436M	494M	528M	517M	587M
Net margin	21.4%	9.51%	17.1%	20%	20.1%	20.3%	19.3%	21.4%	23.3%	24.5%	23.8%	25.7%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.85	0.34	0.66	0.79	0.77	0.83	0.78	0.93	1.06	1.14	1.14	1.31
Diluted EPS	0.85	0.34	0.65	0.78	0.77	0.83	0.77	0.92	1.05	1.13	1.13	1.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	18.6B	21.1B	14.2B	18.3B	15.3B	20.1B	—	15.7B	19.7B	25.3B	27.3B
Enterprise value	11.2B	11.4B	6.6B	8.4B	-11.8B	-7.8B	—	-12B	-11.7B	-12.7B	32.2B
Shares outstanding	522.1M	502.2M	478.8M	449.7M	427.1M	425.7M	476M	475.1M	450.7M	433.2M	433.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17.8	12.8	8.27	10.2	14.4	8.67	—	9.79	13.1	13.8	14.1
P/S	3.54	3.69	2.32	2.81	2.21	3.03	—	1.91	2.53	3.07	3.35
P/B	0.94	1.04	0.68	0.82	0.67	0.86	—	0.65	0.81	0.96	1.14
EV/Sales	2.13	2	1.07	1.29	-1.71	-1.17	—	-1.46	-1.5	-1.54	3.94
Earnings yield	5.62%	7.84%	12.1%	9.81%	6.92%	11.5%	—	10.2%	7.65%	7.24%	7.08%
FCF yield	6.38%	6.85%	10.8%	8.77%	-0.05%	10.7%	—	17.7%	9.53%	8.05%	6.18%
PEG	—	—	—	—	—	—	—	—	—	—	0.35

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	35.1%
Net margin	19.9%	28.9%	28.1%	27.6%	15.3%	34.9%	25.7%	19.6%	19.4%	22.2%	26.1%
ROE	5.29%	8.15%	8.27%	8.07%	4.66%	9.9%	8.75%	6.61%	6.22%	6.96%	8.27%
ROA	—	—	—	—	—	—	—	—	0.69%	0.81%	0.94%
Return on tangible assets	—	—	—	—	—	—	—	—	0.75%	0.87%	0.98%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	0.81	0.67	0.77	0.63	0.37	0.3	0.67	0.57	0.51	0.43	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.06	0.05	0.07
Effective tax rate	31.9%	13.6%	21.2%	20.4%	18.6%	22.1%	21.9%	20.8%	20.1%	21.3%	21.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.1	11.4	12.8	14.4	16.2	15.6	16.9	17.3	17.3	19	19.1
EPS (basic)	1.97	3.26	3.54	3.82	2.22	5.18	4.12	3.14	3.05	3.9	3.9
EPS (diluted)	1.97	3.25	3.52	3.81	2.22	5.16	4.1	3.13	3.03	3.86	4.59
Book value per share	37.8	40.4	43.5	49.4	53.1	55	49.8	51.2	53.8	60.8	57
FCF per share	2.27	2.87	3.21	3.56	-0.02	5.05	8.39	5.87	4.17	4.7	5.51
Cash per share	44.8	46.4	49.6	53.2	83	82	72.7	87.8	97.3	113.8	32.9
Capex per share	0.26	0.5	0.48	0.21	—	—	—	—	—	0.4	0.35

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.57%	4.43%	3.79%	1.46%	—	—	—	—	—	2.11%	1.7%
Capex / operating cash flow	11.2%	16%	15.9%	7.12%	—	—	—	—	—	7.87%	5.92%
Payout ratio	24.4%	20.3%	28.2%	38.1%	72.8%	33.8%	43%	57.7%	59.8%	48.5%	39.2%
Dividend yield	1.37%	1.59%	3.41%	3.73%	5.04%	3.89%	—	5.89%	4.58%	3.51%	2.84%

Yield

2.84%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.46

ex-dividend Jul 30, 2026

Payout ratio

39%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 30, 2026	$0.46
Apr 30, 2026	$0.46
Feb 4, 2026	$0.46
Oct 29, 2025	$0.46
Jul 31, 2025	$0.42
Apr 30, 2025	$0.42

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2B	$2B	$2B	$2B	$1.9B	$2B	$1.9B	$2B	$2.1B	$2.2B	$2.2B	$2.3B
YoY change	-7.49%	-10.9%	-8.08%	-6.45%	-5.51%	-0.6%	-1.07%	+3.98%	+11.3%	+9.16%	+12%	+12.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	23.4B	23.3B	23.8B	23.9B	35.4B	34.9B	34.6B	41.7B	43.8B	49.3B
Receivables	—	—	—	553M	504M	506M	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	-83M	-34M	-61M	-87M	-41M	-37M	-35M	20M	-12M	14M
Goodwill & intangibles	13.8B	13.8B	13.8B	14.1B	14.1B	14.4B	16.7B	16.7B	16.7B	16.6B
Total assets	—	—	—	—	—	—	—	—	217.5B	226.4B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	3.2B	1.9B	1.7B	9M	12M	73M	3M	505M	2B	2B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	12.8B	11.8B	14.4B	14B	8.3B	6.9B	15.9B	13.5B	10.4B	9.2B
Total liabilities	—	—	—	—	—	—	—	—	193.3B	200B
Shareholders' equity	19.7B	20.3B	20.8B	22.2B	22.7B	23.4B	23.7B	24.3B	24.3B	26.3B
Total debt	16B	13.6B	16.1B	14.1B	8.4B	7B	15.9B	14B	12.4B	11.3B
Net debt	11.9B	10.4B	11.9B	10.4B	-4.7B	-2.5B	5B	1.9B	1.2B	-2.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	40.4B	41.7B	43.1B	44.2B	44.2B	43.8B	46.3B	43.8B	47.6B	49.3B	49.4B	51.2B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	20M	—	—	—	-12M	—	—	—	14M	—	—
Goodwill & intangibles	16.7B	16.7B	16.7B	16.7B	16.6B	16.7B	16.6B	16.6B	16.6B	16.6B	16.7B	16.6B
Total assets	—	—	220.4B	219.9B	219.7B	217.5B	220.1B	218.3B	222.7B	226.4B	227.9B	233.8B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	232M	505M	1.3B	2M	2B	2B	2B	2.2B	2.2B	2B	2B	1.7B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	17.4B	13.5B	12.6B	13.1B	12B	10.4B	10.3B	10.5B	8.5B	9.2B	10.3B	14.7B
Total liabilities	—	—	—	196.1B	194.8B	193.3B	195.3B	193.1B	196.9B	200B	201.7B	207.7B
Shareholders' equity	22.9B	24.3B	23.8B	23.9B	24.9B	24.3B	24.9B	25.2B	25.8B	26.3B	26.2B	26.2B
Total debt	17.6B	14B	13.8B	13.1B	14B	12.4B	12.3B	12.8B	10.7B	11.3B	12.3B	16.3B
Net debt	1.9B	1.9B	1.8B	754M	2.4B	1.2B	88M	3.5B	-1.7B	-2.4B	-846M	2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1B	1.7B	1.7B	1.8B	1.1B	2.3B	2.1B	1.6B	1.5B	1.8B
Depreciation & amortization	515M	487M	489M	633M	578M	625M	565M	478M	498M	478M
Stock-based compensation	23M	48M	41M	41M	48M	59M	84M	87M	97M	120M
Change in working capital	-333M	-621M	-914M	-522M	-3B	-962M	-858M	273M	-571M	-306M
Operating cash flow	1.2B	1.6B	1.5B	1.3B	-1.5B	2.7B	3.7B	2.3B	1.3B	2.2B
Capital expenditure	-135M	-253M	-232M	-95M	—	—	—	—	—	-174M
Investing cash flow	-2B	-410M	-676M	608M	-914M	-4.3B	-6.3B	-4.4B	-2.3B	-1.4B
Dividends paid	-255M	-336M	-485M	-682M	-770M	-783M	-892M	-928M	-903M	-888M
Share repurchases	-430M	-820M	-1B	-1.2B	-270M	-545M	-153M	-906M	-1.4B	-1B
Financing cash flow	2.8B	-3.5B	-3B	-5.3B	-6.5B	-2.6B	3.8B	-3.7B	-3.4B	-2.7B
Net change in cash	2B	-2.3B	-2.2B	-3.4B	-8.9B	-4.2B	1.1B	-5.9B	-4.4B	-1.9B
Free cash flow	1.2B	1.4B	1.5B	1.6B	-7M	2.2B	4B	2.8B	1.9B	2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	494M	528M	517M	587M
Depreciation & amortization	—	—	—	—	—	—	—	—	119M	112M	113M	99M
Stock-based compensation	—	—	—	—	—	—	—	—	23M	23M	33M	49M
Change in working capital	—	—	—	—	—	—	—	—	670M	-628M	-326M	-116M
Operating cash flow	—	—	—	—	—	—	—	—	1.7B	-158M	237M	726M
Capital expenditure	—	—	—	—	—	—	—	—	-35M	-92M	0	-21M
Investing cash flow	—	—	—	—	—	—	—	—	-207M	-134M	-771M	-1.3B
Dividends paid	—	—	—	—	—	—	—	—	-217M	-233M	-236M	-231M
Share repurchases	—	—	—	—	—	—	—	—	-75M	-525M	-300M	-225M
Financing cash flow	-867M	273M	-496M	-7M	13M	-15M	47M	202M	-2B	-133M	446M	3.6B
Net change in cash	-867M	273M	-496M	-7M	13M	-15M	47M	202M	-533M	-425M	-88M	3B
Free cash flow	—	—	—	—	—	—	—	—	1.7B	-250M	237M	705M

Citizens Financial Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement