NWG
Natwest Group PLC
NYSE: NWG · FINANCIAL SERVICES · BANKS - REGIONAL
$15.91
+3.72% today
Updated 2026-04-30
Market cap
$62.81B
P/E ratio
8.66
P/S ratio
3.93x
EPS (TTM)
$1.82
Dividend yield
2.07%
52W range
$12 – $19
Volume
4.1M
Natwest Group PLC (NWG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.80B | $49.69B | $45.32B | $41.72B | $34.51B | $31.64B | $20.88B | $21.50B | $18.48B | $16.09B | $14.92B | $14.76B | $15.73B | $15.05B | $13.08B | $12.04B | $16.15B | $24.76B | $28.57B | $29.48B |
| Revenue growth (YoY) | — | +18.9% | -8.8% | -7.9% | -17.3% | -8.3% | -34.0% | +3.0% | -14.0% | -13.0% | -7.3% | -1.0% | +6.6% | -4.4% | -13.1% | -8.0% | +34.1% | +53.3% | +15.4% | +3.2% |
| Cost of revenue | $14.09B | $20.18B | $26.71B | $12.92B | $8.57B | $8.73B | $6.73B | $5.47B | $3.82B | $3.16B | $2.55B | $2.05B | $2.39B | $3.33B | $2.32B | $1.70B | $2.79B | $9.98B | $13.91B | $12.87B |
| Gross profit | $27.70B | $29.51B | $18.61B | $28.80B | $25.94B | $22.91B | $14.15B | $16.02B | $14.66B | $12.93B | $12.37B | $12.72B | $13.34B | $11.72B | $10.76B | $10.34B | $13.35B | $14.78B | $14.65B | $16.61B |
| Gross margin | 66.3% | 59.4% | 41.1% | 69.0% | 75.2% | 72.4% | 67.8% | 74.5% | 79.3% | 80.4% | 82.9% | 86.1% | 84.8% | 77.9% | 82.3% | 85.9% | 82.7% | 59.7% | 51.3% | 56.3% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $2.63B | $2.94B | $4.19B | $4.00B | $3.31B | $4.07B | $2.41B | $2.61B | $2.12B | $2.12B | $2.88B | $2.04B | $3.07B | $2.83B | $1.29B | $1.46B | $1.58B | $1.61B | $1.45B | $1.42B |
| Operating income | $9.19B | $9.83B | $-25.69B | $-2.65B | $-154.00M | $-1.40B | $-6.05B | $-8.85B | $2.64B | $-2.70B | $-4.08B | $2.24B | $3.36B | $3.98B | $-553.00M | $3.84B | $5.13B | $6.18B | $6.20B | $7.71B |
| Operating margin | 22.0% | 19.8% | -56.7% | -6.3% | -0.4% | -4.4% | -29.0% | -41.2% | 14.3% | -16.8% | -27.4% | 15.2% | 21.3% | 26.5% | -4.2% | 31.9% | 31.8% | 25.0% | 21.7% | 26.1% |
| EBITDA | $10.86B | $11.76B | $-22.54B | $162.00M | $2.07B | $479.00M | $-4.20B | $-7.44B | $3.75B | $-1.52B | $-3.16B | $3.08B | $4.13B | $5.20B | $361.00M | $4.77B | $5.96B | $7.11B | $7.25B | $8.86B |
| EBITDA margin | 26.0% | 23.7% | -49.7% | 0.4% | 6.0% | 1.5% | -20.1% | -34.6% | 20.3% | -9.5% | -21.2% | 20.8% | 26.2% | 34.6% | 2.8% | 39.6% | 36.9% | 28.7% | 25.4% | 30.1% |
| EBIT | $9.19B | $9.83B | $-25.69B | $-2.65B | $-154.00M | $-1.40B | $-6.05B | $-8.85B | $2.64B | $-2.70B | $-4.08B | $2.24B | $3.36B | $3.98B | $-553.00M | $3.84B | $5.13B | $6.18B | $6.20B | $7.71B |
| Interest expense | $14.09B | $20.18B | $26.71B | $12.92B | $8.57B | $8.73B | $6.73B | $5.47B | $3.82B | $3.16B | $2.55B | $2.05B | $2.39B | $3.33B | $2.32B | $1.70B | $2.79B | $9.98B | $13.91B | $12.87B |
| Income tax | $2.69B | $2.04B | $-1.28B | $-429.00M | $703.00M | $1.25B | $156.00M | $186.00M | $1.91B | $23.00M | $1.17B | $731.00M | $1.21B | $439.00M | $74.00M | $996.00M | $1.27B | $1.43B | $1.47B | $1.87B |
| Effective tax rate | 29.6% | 21.3% | 5.1% | 13.8% | -235.9% | -138.7% | -2.8% | -2.2% | -221.5% | -1.5% | -28.5% | 33.2% | 35.9% | 11.0% | -24.8% | 23.4% | 26.2% | 23.6% | 23.4% | 24.3% |
| Net income | $6.39B | $7.55B | $-23.71B | $-2.67B | $-1.00B | $-2.15B | $-5.75B | $-8.60B | $-2.77B | $-1.59B | $-5.26B | $1.47B | $2.16B | $3.54B | $-372.00M | $3.27B | $3.59B | $4.64B | $4.80B | $5.83B |
| Net income growth (YoY) | — | +18.1% | -414.1% | +88.7% | +62.5% | -114.9% | -167.5% | -49.4% | +67.8% | +42.5% | -229.9% | +128.0% | +46.6% | +63.9% | -110.5% | +978.5% | +9.8% | +29.2% | +3.6% | +21.4% |
| Profit margin | 15.3% | 15.2% | -52.3% | -6.4% | -2.9% | -6.8% | -27.6% | -40.0% | -15.0% | -9.9% | -35.3% | 10.0% | 13.7% | 23.5% | -2.8% | 27.1% | 22.2% | 18.7% | 16.8% | 19.8% |