For fiscal 2025 (ended Dec 31, 2025), NatWest Group plc reported £30.24B of revenue and £5.83B of net income. Figures are in GBP, the currency of its SEC filings.
NWG revenue was £30.24B for fiscal 2025 (ended Dec 31, 2025), up 3.1% from fiscal 2024. Compound annual growth was +17.6% over 5 years and +6.0% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.
NWG net income was £5.83B for fiscal 2025 (ended Dec 31, 2025), up 21.3% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.
NWG diluted EPS was £0.67 for fiscal 2025 (ended Dec 31, 2025), up 26.9% from fiscal 2024.
NWG free cash flow was £6.41B for fiscal 2025 (ended Dec 31, 2025), up 389.8% from fiscal 2024. Compound annual growth was -25.9% over 5 years and +47.1% over 10 years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £30.24B | £29.32B | £25.38B | £16.57B | £12.70B | £13.45B | £18.16B | £16.66B | £16.06B | £15.95B |
| Selling, general and admin | £4.09B | £4.09B | £4.09B | £3.97B | £4.08B | £3.98B | £5.30B | £5.49B | £5.70B | £10.91B |
| Interest expense | £12.87B | £13.91B | £9.98B | £2.79B | £1.70B | £2.32B | £3.33B | £2.39B | £2.05B | £2.55B |
| Pre-tax income | £7.71B | £6.20B | £6.18B | £5.13B | £3.84B | -£553.00M | £3.98B | £3.36B | £2.24B | -£4.08B |
| Income tax | £1.87B | £1.47B | £1.43B | £1.27B | £996.00M | £74.00M | £439.00M | £1.21B | £731.00M | £1.17B |
| Net income | £5.83B | £4.81B | £4.63B | £3.60B | £3.31B | -£434.00M | £3.80B | £2.15B | £1.51B | -£5.25B |
| EPS, basic | £0.68 | £0.54 | £0.48 | £0.34 | £0.27 | -£0.07 | £0.26 | £13.50 | £0.06 | -£0.59 |
| EPS, diluted | £0.67 | £0.53 | £0.48 | £0.34 | £0.27 | -£0.07 | £0.26 | £13.40 | £0.06 | -£0.59 |
| Diluted shares | 8.13B | 8.52B | 9.22B | 9.93B | 10.84B | 11.23B | 12.10B | 12.06B | 11.94B | 11.74B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | £95.43B | £104.84B | £118.82B | £158.45B | £190.71B | £139.20B | £100.59B | £108.94B | £122.61B | £98.57B |
| Goodwill | £5.52B | £5.67B | £5.68B | £5.52B | £5.52B | £5.61B | £5.61B | £5.61B | £5.56B | £5.56B |
| Total assets | £714.55B | £707.99B | £692.67B | £720.05B | £781.99B | £799.49B | £723.04B | £694.24B | £738.06B | £798.66B |
| Total liabilities | £671.94B | £668.61B | £655.49B | £683.56B | £740.19B | £755.67B | £679.48B | £647.75B | £688.96B | £749.25B |
| Shareholders' equity | £42.60B | £39.35B | £37.19B | £36.50B | £41.80B | £43.82B | £43.56B | £46.49B | £49.09B | £49.40B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | £7.07B | £1.77B | -£17.44B | -£43.60B | £53.68B | £29.09B | -£3.08B | -£6.75B | £35.71B | -£3.65B |
| Capital expenditures | £665.00M | £464.00M | £811.00M | £639.00M | £901.00M | £376.00M | £559.00M | £619.00M | £1.13B | £912.00M |
| Free cash flow | £6.41B | £1.31B | -£18.25B | -£44.24B | £52.78B | £28.72B | -£3.64B | -£7.37B | £34.58B | -£4.56B |
| Investing cash flow | -£13.77B | -£12.70B | -£14.69B | £19.06B | £3.06B | £7.55B | -£716.00M | -£7.99B | -£6.15B | -£4.36B |
| Financing cash flow | -£3.49B | -£1.89B | -£6.30B | -£10.65B | -£2.60B | £90.00M | -£2.57B | £389.00M | -£5.51B | -£5.11B |
| Dividends paid | £2.38B | £1.80B | £1.70B | £3.21B | £1.02B | £381.00M | £3.43B | £803.00M | £612.00M | £1.70B |
| Share repurchases | £579.00M | £2.72B | £2.42B | £2.05B | £1.81B | £2.00M | £21.00M | -£22.00M | -£89.00M | £25.00M |
| Depreciation and amortization | £1.15B | £1.06B | £934.00M | £833.00M | £923.00M | - | - | - | £808.00M | £778.00M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 3.1% | 15.5% | 53.1% | 30.5% | -5.5% | -26.0% | 9.0% | 3.7% | 0.7% | -5.6% |
| Net income growth, YoY | 21.3% | 3.9% | 28.8% | 8.5% | - | - | 76.7% | 42.6% | - | - |
| EPS growth, YoY | 26.9% | 11.3% | 42.0% | 23.5% | - | - | -98.1% | 21169.8% | - | - |
| Net margin | 19.3% | 16.4% | 18.2% | 21.7% | 26.1% | -3.2% | 20.9% | 12.9% | 9.4% | -32.9% |
| Free cash flow margin | 21.2% | 4.5% | -71.9% | -266.9% | 415.5% | 213.6% | -20.0% | -44.2% | 215.3% | -28.6% |
| Return on equity | 13.7% | 12.2% | 12.5% | 9.9% | 7.9% | -1.0% | 8.7% | 4.6% | 3.1% | -10.6% |
| Return on assets | 0.8% | 0.7% | 0.7% | 0.5% | 0.4% | -0.1% | 0.5% | 0.3% | 0.2% | -0.7% |
Source: XBRL data NatWest Group plc files with the SEC, latest filing dated Feb 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NWG | £30.24B | +3.1% | £5.83B | 19.3% | $61.99B |
| RY | C$66.61B | +16.1% | C$20.36B | 30.6% | $278.49B |
| MUFG | ¥11.87T | +9.5% | ¥1.73T | 14.6% | $248.87B |
| TD | C$67.78B | +18.4% | C$20.54B | 30.3% | $199.90B |
| SAN | €55.32B | -1.5% | €14.10B | 25.5% | $169.86B |
| SMFG | ¥4.35T | +13.6% | ¥1.14T | 26.1% | $148.76B |
| BBVA | - | - | €10.51B | - | $142.00B |
| HDB | ₹2.50T | +5.2% | ₹704.79B | 28.2% | $128.97B |