Filing Flows › Citizens Financial Group (CFG) › Q3 2025
Citizens Financial Group (CFG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Citizens Financial Group (CFG) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +4% from the quarter before. Operating margin was 29.7%, net earnings $494M (23.3% of revenue).
Citizens Financial Group, Q3 2025: revenue $2.1B (+11% year over year), operating margin 29.7%, net earnings $494M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +4% | +11% |
| Operating profit | $629M | +14% | +34% |
| Net earnings | $494M | +13% | +29% |
| Operating cash flow | $1.7B | +91% | 13× |
What changed
Revenue was $2.1B in Q3 2025, up 11% year over year and up 4% from the previous quarter. Capital markets fees was the largest line at 7% of revenue. Capital markets fees added $0.07B year over year (up 80%), 32% of the total change. Card fees declined 7%.
Operating profit was $0.63B, a 29.7% margin (up 5.0 points year over year). Of the extra revenue versus a year earlier, 73% reached operating profit, above the 25% margin then. Total costs grew 4% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+10%). Net earnings were $0.49B, up 29% year over year. The effective tax rate was 21.5%.
Operating cash flow was $1.7B (up 1205% year over year), 343% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $1.1B.
Questions
What was Citizens Financial Group's revenue in the third quarter 2025?
Citizens Financial Group (CFG) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +4% from the quarter before.
Was Citizens Financial Group profitable in the third quarter 2025?
Operating profit was $629M (29.7% of revenue) and net earnings $494M.