Skip to content
ESPT
MARKETS / NYSE / Financials / Banks / NWG
NYSE · COMMERCIAL BANKS, NEC · LARGE CAP

NatWest Group PLC NWG

11 fiscal years on record · GBP · FY2025 reported · SEC filings only
£30.2B
▲ 3.1% YoY
£5.8B
▲ 21.3% YoY
£6.4B
▲ 389.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Retail Banking serves personal customers in the UK. Private Banking & Wealth Management serves UK-connected high net worth individuals and their business interests. Commercial & Institutional consists of customer businesses reported under Business Banking, Commercial Mid-market and Corporate & Institutions, supporting customers across the full non-personal customer lifecycle domestically and internationally. Its Markets offering helps customers manage financial risks across different geographies, while its International offering provides banking operations in the Channel Islands, Isle of Man, Gibraltar and Luxembourg. Central items & other includes corporate functions such as treasury, finance, risk management, compliance, legal, communications and human resources.

Written from the business description in NatWest Group plc's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

GBP 30.2B
Revenue, FY2025 · full 11-year series below
Revenue £B Net income £B
FY2025 · Revenue 30.2 · Net income 5.8
15B30B-2B-4B
20152018202120242025
Compound annual growth
+22.2%
+17.6%
+6.0%
+17.5%
+26.1%
−23.3%
+44.1%
+18.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +17.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Net 19.3%
10%20%-10%-20%-30%
201520202025
ROE
FY2025 · ROE 14.2%
5%10%-5%-10%
201520202025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin·
Net margin19.3%
EBITDA·

Each GBP of equity produced 14 cents of profit this year.

Cash & shareholders

GBP 2.4B
returned in FY2025 · dividends + net buybacks
Free cash flow £B
FY2025 · FCF 6.4
20B40B-20B-40B
201520202025
Net buybacks £B Dividends £B
FY2025 · Dividends 2.4 · Net buybacks -0.7
2.00B4.00B-0.25B-0.50BDividendsNet buybacks
201520172019202120232025
Dividends paidGBP 2.4B
Net buybacksGBP -669.0M
Share of profit40.7%
Consecutive raises·

GBP 2.4B in dividends — 41% of the year's profit went back to shareholders.

Total assetsGBP 714.6B
EquityGBP 42.6B
CashGBP 95.4B

Equity funds 6% of total assets.

The 11-year record

11 fiscal years
Every figure from documents filed with the SEC · GBP
row low → row highnegative—not applicable◌not available in our data
NWG, 11-year financial record
Metric 20252024202320222021202020192018201720162015
Revenue £B30.229.325.416.612.713.418.216.716.115.916.9
Operating income £B◌◌◌◌◌◌◌◌◌◌◌
EBITDA £B◌◌◌◌◌◌◌◌◌◌◌
Income tax £B1.91.51.41.31.00.10.41.20.71.20.0
Net income £B5.84.84.63.63.3−0.43.82.21.5−5.2−1.2
Free cash flow £B6.41.3−18.2−44.252.828.7−3.6−7.434.6−4.60.1
EPS, diluted £0.670.530.480.340.27−0.070.2613.400.06−0.59◌
Dividend / sh £◌◌◌◌◌◌◌◌◌◌◌
Payout %4137378931−88903741−32−35
ROE %14.212.612.69.27.7−1.08.54.63.1−10.2−2.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

NatWest Group PLCvsLloyds Banking Group PLCSame industry: Commercial Banks, NECNatWest Group PLCvsBarclays PLCSame industry: Commercial Banks, NECNatWest Group PLCvsBarclays Bank PLCSame industry: Commercial Banks, NECNatWest Group PLCvsSantander UK PLCSame industry: Commercial Banks, NEC
More in this sector

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 1 failure in 33 reconciliationsAUDITED

Reconciled in 10 of the 11 fiscal years we could check. Nine checks were skipped: EPS is not tagged before 2016. Eight checks were skipped: the balance sheet is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityCommercial Banks, NEC
Listed onNYSE
Incorporated inoutside the United States — SEC code X0
Fiscal year endsDecember 31
Data on record since2014

Share this section

Download image