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NatWest Group NWG.L · GBp

Financials · Banks · LSE · 🇬🇧 United Kingdom

FTSE 100

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597.60p

+1.74%

Close of 9 Nov 2026, in pence

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in GBP, from our data supplier.

FY2025

Revenue, before interest expense

£29.48bn

FY2016FY2025

Net income

£5.83bn

FY2016FY2025

Total assets

£714.55bn

FY2016FY2025

Shareholders' equity

£38.03bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue, before interest expense£29.48bn£28.57bn£24.76bn£16.15bn£12.04bn£13.08bn£15.05bn£15.73bn£14.76bn£14.92bn
Operating income£7.71bn£6.20bn£6.18bn£5.13bn£3.84bn−£553.0m£3.98bn£3.36bn£2.24bn−£4.08bn
Net income£5.83bn£4.80bn£4.64bn£3.59bn£3.27bn−£727.0m£3.54bn£2.16bn£1.38bn−£5.20bn
Diluted earnings per share0.720.580.420.370.31-0.060.310.190.12-0.48

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets£714.55bn£707.99bn£692.67bn£720.05bn£781.99bn£799.49bn£723.04bn£694.24bn£738.06bn£798.66bn
Cash and short-term investments£98.23bn£182.46bn£104.52bn£145.06bn£177.76bn£124.49bn£77.86bn£89.38bn£99.35bn£75.03bn
Total liabilities£671.94bn£668.61bn£655.49bn£683.56bn£740.19bn£755.67bn£679.48bn£647.75bn£688.96bn£749.25bn
Debt£112.72bn£109.37bn£102.88bn£97.65bn£96.53bn£100.35bn£108.18bn£96.79bn£77.06bn£75.79bn
Shareholders' equity£38.03bn£39.35bn£37.16bn£36.49bn£41.80bn£43.86bn£43.55bn£45.74bn£48.33bn£48.61bn
Shares outstanding8,099m8,211m11,000m9,708m10,605m11,246m11,249m11,218m11,146m10,926m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense£7.63bn£7.38bn£7.39bn£7.55bn£7.25bn£7.27bn£7.26bn£7.29bn
Operating income£2.29bn£2.03bn£1.94bn£2.18bn£1.77bn£1.81bn£1.49bn£1.67bn
Net income£1.68bn£1.50bn£1.48bn£1.68bn£1.33bn£1.34bn£1.33bn£1.25bn
Diluted earnings per share0.210.190.180.210.160.170.160.15
Total assets£745.37bn£749.64bn£714.55bn£725.63bn£730.78bn£710.03bn£707.99bn£711.90bn
Cash and short-term investments£76.74bn£135.78bn£98.23bn£84.69bn£90.71bn£182.60bn£182.46bn£105.63bn
Debt£32.37bn£4.59bn—£4.75bn—£4.29bn£80.36bn£5.79bn
Shareholders' equity£38.75bn£39.08bn£42.60bn£36.57bn£41.96bn£41.59bn£39.35bn£33.81bn

Financial ratios

Data as of 18 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin26.1%21.7%25.0%31.8%31.9%-4.2%
Net margin19.8%16.8%18.7%22.2%27.1%-5.6%
Return on equity15.3%12.2%12.5%9.8%7.8%-1.7%
Return on assets0.8%0.7%0.7%0.5%0.4%-0.1%
Revenue growth3.2%15.4%53.3%34.1%-8.0%-13.1%
Earnings growth21.4%3.6%29.2%9.8%-549.5%-120.5%
Current ratio0.20x0.38x0.51x0.78x0.95x125.96x
Debt to equity2.19x2.04x1.92x1.62x1.62x1.79x
Equity ratio5.3%5.6%5.4%5.1%5.3%5.5%
Interest coverage0.60x0.45x0.62x1.84x2.26x-0.24x
Buybacks as a share of market value1.4%25.4%-13.3%8.5%5.7%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.5%9.1%1.2%
Operating income14.5%——
Net income17.6%——

Average margins

Over each period

1 year3 years5 years10 years
Operating margin24.0%25.5%23.0%15.6%
Net margin18.3%19.1%17.2%10.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.16.95.27.27.9-27.98.212.124.2-5.1
Price to sales3.22.31.61.92.51.92.52.02.62.1

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 13 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Paid in the year0.350.250.1750.1550.2866.4620.2692.154
  • 14-to-13 reverse split · 30 Aug 2022
  • 10-to-1 reverse split · 6 Jun 2012
  • 1.025-for-1 split · 15 Sept 2008
  • 3-for-1 split · 8 May 2007
  • 1-to-1 reverse split · 5 Jan 2004
  • 1-to-1 reverse split · 19 Nov 2001

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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