NatWest Group plc (NWG) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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NWG EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NWG Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 56.3% | 26.1% | 19.8% |
| 2024 | 51.3% | 21.7% | 16.8% |
| 2023 | 59.7% | 25.0% | 18.7% |
| 2022 | 82.7% | 31.8% | 22.2% |
| 2021 | 85.9% | 31.9% | 27.1% |
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NatWest Group plc (NWG) Earnings Overview
As of May 7, 2026, NatWest Group plc (NWG) reported trailing twelve-month net income of $5.83B, reflecting +27.4% year-over-year growth. The company earned $2.88 per diluted share over the past four quarters, with a net profit margin of 19.8%.
Looking at the long-term picture, NWG's historical earnings data spans multiple years. The company achieved its highest annual net income of $7.55B in fiscal 2007.
NatWest Group plc maintains industry-leading profitability with a gross margin of 56.3%, operating margin of 26.1%, and net margin of 19.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including HSBC ($22.29B net income, 15.1% margin), BCS ($7.05B net income, 26.7% margin), LYG ($4.66B net income, 7.2% margin), NWG has outperformed on profitability metrics. Compare NWG vs HSBC →
NWG Earnings vs Peers
Earnings metrics vs comparable public companies
NWG Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.83B | +21.4% | $7.71B | $2.70 | 19.8% | 26.1% |
| 2024 | $4.80B | +3.6% | $6.20B | $2.12 | 16.8% | 21.7% |
| 2023 | $4.64B | +29.2% | $6.18B | $1.96 | 18.7% | 25.0% |
| 2022 | $3.59B | +9.8% | $5.13B | $1.36 | 22.2% | 31.8% |
| 2021 | $3.27B | +978.5% | $3.84B | $1.08 | 27.1% | 31.9% |
| 2020 | -$372M | -110.5% | -$553M | $-0.34 | -2.8% | -4.2% |
| 2019 | $3.54B | +63.9% | $3.98B | $1.12 | 23.5% | 26.5% |
| 2018 | $2.16B | +46.6% | $3.36B | $0.56 | 13.7% | 21.3% |
| 2017 | $1.47B | +128.0% | $2.24B | $0.27 | 10.0% | 15.2% |
| 2016 | -$5.26B | -229.9% | -$4.08B | $-2.56 | -35.3% | -27.4% |
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Start ComparisonNWG — Frequently Asked Questions
Quick answers to the most common questions about buying NWG stock.
Is NWG growing earnings?
NWG EPS is $2.88, with earnings growth accelerating to +27.4%. This exceeds the 5-year CAGR of N/A. TTM net income reached $5.8B.
What are NWG's profit margins?
NatWest Group plc net margin is +19.8%, with operating margin at +26.1%. Above-average margins indicate pricing power.
How consistent are NWG's earnings?
NWG earnings data spans 1991-2025. The accelerating earnings trend is +27.4% YoY. Historical data enables comparison across business cycles.