Citadel Securities, the market-making arm of Ken Griffin’s financial empire, reported a record $12.2 billion in trading revenue for 2025. This marks a significant 25% increase compared to its previous record of $9.7 billion in 2024. This performance highlights the firm's growing prominence in the global trading landscape, competing with the world's largest trading desks.
The firm also achieved approximately $6.5 billion in earnings before interest, taxes, depreciation and amortization (EBITDA) for 2025. This figure represents an increase from the prior year, further underscoring Citadel Securities' robust financial health and profitability. The firm's success is attributed to its high-speed, algorithm-driven trading strategies.
Despite a strong annual performance, Citadel Securities experienced an 8.4% slump in net trading revenue in the second quarter of 2025, falling to $2.39 billion. However, a booming first three months of 2025 still led to an all-time high for the first half, reaching $5.77 billion. The firm is also actively expanding its operations, aiming to become a "material player" in Eurozone government bond trading, having established a team in Paris to trade German Bunds directly.
