NatWest Group plc (NWG) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
NWG's revenue distribution by segment and geography
By Geography
NWG Revenue Analysis (2013–2024)
As of March 1, 2026, NatWest Group plc (NWG) generated trailing twelve-month (TTM) revenue of $25.28 billion, reflecting explosive growth of +95.9% year-over-year. The most recent quarter (Q2 2025) recorded $7.25 billion in revenue, down 0.2% sequentially.
Looking at the longer-term picture, NWG's 5-year compound annual growth rate (CAGR) stands at +13.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $28.57 billion in 2024, representing a new all-time high.
When compared to Financial Services sector peers including HSBC, SAN, and BBVA. Compare NWG vs HSBC →
Peer Comparison
Compare NWG's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NWGCurrent | $25.3B | +95.9% | +13.7% | 21.7% | |
| HSBC | $143.3B | - | - | 22.5% | |
| SAN | $129.9B | - | - | 14.6% | |
| BBVA | $31.6B | - | - | 56.6% | |
| BCS | $26.8B | - | - | 34.7% | |
| ING | $23.0B | - | - | 39.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $28.57B | - | $14.65B | 51.3% | $6.20B | 21.7% |
| 2023 | $14.17B | - | $14.17B | 100.0% | $6.53B | 46.1% |
| 2022 | $12.98B | - | $12.98B | 100.0% | $5.68B | 43.7% |
| 2021 | $11.75B | - | $10.34B | 88.0% | $4.07B | 34.7% |
| 2020 | $13.08B | - | $10.76B | 82.3% | $-553,000,000 | -4.2% |
| 2019 | $15.05B | - | $11.72B | 77.9% | $3.98B | 26.5% |
| 2018 | $15.73B | - | $13.34B | 84.8% | $4.04B | 25.7% |
| 2017 | $14.76B | - | $12.79B | 86.7% | $3.83B | 25.9% |
| 2016 | $14.92B | - | $12.37B | 82.9% | $-3,155,000,000 | -21.2% |
| 2015 | $16.09B | - | $13.06B | 81.2% | $1.06B | 6.6% |
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Start ComparisonFrequently Asked Questions
Is NWG's revenue growth accelerating or slowing?
NWG revenue is accelerating at +95.9% year-over-year, exceeding the 5-year CAGR of +13.7%. TTM revenue reached $25.3B. Growth momentum has increased versus prior periods.
What is NWG's long-term revenue growth rate?
NatWest Group plc's 5-year revenue CAGR of +13.7% reflects the sustained expansion pattern. Current YoY growth of +95.9% is above this long-term average.
How is NWG's revenue distributed by segment?
NWG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.