Skip to content
MARKETS / NYSE / 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
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
20B-2B-4B201520172019202120232025
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 five years.

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%201520172019202120232025
ROE
FY2025 · ROE 14.2%
5%10%-5%-10%201520172019202120232025

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-40B201520172019202120232025
Net buybacks £B Dividends £B
FY2025 · Dividends 2.4 · Net buybacks -0.7
2.00B4.00B-0.25B-0.50BDividendsNet buybacks201520172019202120232025

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
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 %14.212.612.69.27.7−1.08.54.63.1−10.8·

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

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 1 failures in 33 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 24 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
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