NatWest Group plc (NWG) Earnings History
Profitable35 years of earnings data (1991–2025) · Positive TTM net income
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NatWest Group plc (NWG) Earnings Overview
As of June 23, 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
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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% |
| 2015 | -$1.59B | +42.5% | -$2.70B | $-0.72 | -9.9% | -16.8% |
| 2014 | -$2.77B | +67.8% | $2.64B | $-1.32 | -15.0% | 14.3% |
| 2013 | -$8.60B | -49.4% | -$8.85B | $-3.44 | -40.0% | -41.2% |
| 2012 | -$5.75B | -167.5% | -$6.05B | $-2.32 | -27.6% | -29.0% |
| 2011 | -$2.15B | -114.9% | -$1.40B | $-0.80 | -6.8% | -4.4% |
| 2010 | -$1.00B | +62.5% | -$154M | $-0.40 | -2.9% | -0.4% |
| 2009 | -$2.67B | +88.7% | -$2.65B | $-0.96 | -6.4% | -6.3% |
| 2008 | -$23.71B | -414.1% | -$25.69B | $-8.52 | -52.3% | -56.7% |
| 2007 | $7.55B | +18.1% | $9.83B | $23.44 | 15.2% | 19.8% |
| 2006 | $6.39B | +16.2% | $9.19B | $7.96 | 15.3% | 22.0% |
| 2005 | $5.50B | +7.6% | $7.94B | $20.76 | 14.6% | 21.1% |
| 2004 | $5.11B | +28.5% | $7.28B | $19.20 | 16.3% | 23.2% |
| 2003 | $3.98B | +29.4% | $6.08B | $9.40 | 15.9% | 24.3% |
| 2002 | $3.07B | +17.1% | $4.76B | $8.32 | 13.6% | 21.1% |
| 2001 | $2.63B | - | $4.25B | $1.00 | 11.9% | 19.2% |
| 2000 | $0 | -100.0% | $2.97B | $0.80 | 0.0% | 15.7% |
| 1999 | $856M | +23.2% | $1.22B | $0.31 | - | - |
| 1998 | $695M | +36.3% | $981M | $0.25 | - | - |
| 1997 | $510M | +2.8% | $729M | $0.19 | - | - |
| 1996 | $496M | +24.6% | $687M | $0.18 | - | - |
| 1995 | $398M | +3.9% | $600M | $0.14 | - | - |
| 1994 | $383M | +117.6% | $529M | $0.14 | - | - |
| 1993 | $176M | +595.7% | $256M | $0.06 | - | - |
| 1992 | $25M | -56.2% | $11M | $0.01 | - | - |
| 1991 | $58M | - | $58M | $0.02 | - | - |
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NWG — Frequently Asked Questions
Quick answers to the most common questions about buying NWG stock.
What is NWG earnings per share (EPS)?
NWG trailing twelve-month (TTM) diluted EPS is $2.88, reflecting +27.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is NatWest Group plc's net income?
NatWest Group plc (NWG) trailing twelve-month net income is $5.8B as of 2025. Earnings grew +27.4% year-over-year. NatWest Group plc has been profitable for 5 consecutive years.
Is NWG profitable?
Yes, NWG is profitable with a TTM net income of $5.8B and a net profit margin of +19.8%. NatWest Group plc has generated profits for 5 consecutive years.
What is NWG's earnings growth rate?
NWG compound annual EPS growth rates (CAGR): 1-Year: +27.4%, 3-Year: +25.7%, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are NWG's profit margins?
NatWest Group plc net profit margin is +19.8%, operating margin is +26.1%, and gross margin is +56.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +14.2%.
Is NWG growing earnings?
Yes, NWG earnings are accelerating — EPS growth of +27.4% exceeds the 5-year CAGR of N/A. TTM net income reached $5.8B. Earnings momentum is strengthening.
What was NWG's best earnings year?
NatWest Group plc's highest annual net income on record is $7.5B, achieved in fiscal year 2007. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were NWG's earnings last quarter?
NWG's most recent reported quarter was Q4 2025. Net income was $1.5B with diluted EPS of $0.68. For a full breakdown of all quarters, see the quarterly earnings table on this page.