Dilution: new shares, stock pay and buybacks
prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGARShares offered
Since Nov 11, 2023: 1 shelf registration.
- Feb 25, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing →“If Citigroup uses underwriters in any sale, the underwriters will buy the securities for their own account and may resell the securities from time to time in one or more transactions, at a fixed public offering price or at varying prices determined at the time of sale.”
S-3ASR, Feb 25, 2026 ↗
Paid in stock
-
no stock-based pay line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 1.87B in the year to Dec 31, 2025 2025 -3.5%2024 -0.8%2023 -0.4%2022 -4.2%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | $13.2B | $5.4B | - | - | 1.87B |
| 2024-12-31 | $2.5B | $5.2B | - | - | 1.94B |
| 2023-12-31 | $2.0B | $5.2B | - | - | 1.96B |
| 2022-12-31 | $3.2B | $5.0B | - | - | 1.96B |
| 2021-12-31 | $7.6B | $5.2B | - | - | 2.05B |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividends; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
Work on C in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/C/export.csv") into a cell.