This contract is too small to drive Citi's stock. Monitor for larger government contract wins or modifications that could meaningfully impact revenue. The strong Q2 earnings and $30B buyback are the dominant catalysts for Citi's near-term performance.
Price Chart
Executive Summary
Citigroup's subsidiary Citibank received a $158.8M contract modification from the Department of State for an Application Processing Solution (APS). This award represents approximately 0.16% of Citi's annualized revenue, making it a routine government contract that does not materially alter the company's financial trajectory. The cross-filing context of Citi's strong Q2 2026 earnings (EPS beat by 16%, net income up 45% YoY) and $30B buyback announcement provides a positive backdrop, but this contract alone is too small to move the stock.
Key Financial Metrics
Key Facts
- Citibank received a $158.8M contract modification from the Department of State for an Application Processing Solution (APS).
- The award represents approximately 0.16% of Citi's annualized revenue of $99.1B.
- Citi's Q2 2026 earnings were strong (EPS $3.15 vs consensus $2.72, net income up 45% YoY), but this contract is too small to affect the stock.
- The contract is a modification (P00004) to an existing vehicle, indicating an ongoing relationship with the State Department.
Financial Impact
$158.8M contract modification, approximately 0.16% of annualized revenue
Risk Factors
- Government contract modifications can be subject to funding availability and political changes.
- The contract is a small fraction of Citi's revenue, so execution issues would have negligible financial impact.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-19AQMM25C0149 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 4w ago | Court Ruling | $131.62 $130.80 | ▲ +0.62% | ▲ +0.44% | $127.64 (+3.03%) |
Aug 24, 2026 5w ago | Court Ruling | $131.72 $132.47 | ▲ +0.57% | ▼ −0.74% | $127.64 (−3.10%) |
Aug 20, 2026 6w ago | Court Ruling | $129.67 $131.77 | ▲ +1.62% | ▲ +1.62% | $127.64 (−1.57%) |
Aug 18, 2026 6w ago | Court Ruling | $137.65 $132.95 | ▼ −3.41% | ▼ −2.10% | $127.64 (−7.28%) |
Aug 5, 2026 8w ago | Court Ruling | $137.64 $134.34 | ▼ −2.40% | ▼ −1.80% | $127.64 (−7.27%) |
Aug 3, 2026 8w ago | 13F-HR | $133.57 $131.62 | ▼ −1.46% | ▼ −2.70% | $127.64 (−4.44%) |
Jul 30, 2026 9w ago | Court Ruling | $132.32 $132.68 | ▲ +0.27% | ▼ −3.69% | $127.64 (−3.54%) |
Jul 27, 2026 9w ago | GOVT-CONTRACT | $133.10 $131.72 | ▼ −1.04% | ▼ −4.34% | $127.64 (−4.11%) |
Jul 14, 2026 11w ago | 8-K | $133.27 $135.77 | ▲ +1.88% | ▼ −0.62% | $127.64 (−4.23%) |
Jul 2, 2026 13w ago | Court Ruling | $139.97 $132.32 | ▼ −5.47% | ▼ −5.05% | $127.64 (−8.81%) |
US Market Status
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