Nationwide Building Society
Financial Performance
Nationwide Building Society Revenue & Financials
Revenue
~$6.1B (FY2024)
Net Income
~$1.8B
Employees
18,000
What is Nationwide Building Society's revenue?
Nationwide Building Society had ~$6.1B in revenue for fiscal year 2024, down 1.8% from 2023. Net income was ~$1.8B.
- Latest revenue
- ~$6.1B (FY2024)
- Year-over-year
- -1.8%
- Growth rate (CAGR)
- 4.3% over 9 years
- Peak revenue
- ~$6.2B (FY2023)
- Years of data
- 10
- Employees
- 18,000
- How much profit does Nationwide Building Society make?
- Nationwide Building Society reported net income of ~$1.8B for fiscal year 2024.
- How many employees does Nationwide Building Society have?
- Nationwide Building Society has about 18,000 employees.
Financial Analysis
Nationwide Building Society maintains one of the most rock-solid financial balance sheets in global banking. For fiscal year 2024, Nationwide reported net revenue of £4.59 billion and an underlying profit before tax of £1.338 billion. Demonstrating exceptional balance-sheet strength, Nationwide's Common Equity Tier 1 (CET1) capital solvency ratio stands at an extraordinary 26.5%—far surpassing the regulatory minimums mandated by the Bank of England's Prudential Regulation Authority (PRA) and exceeding the solvency ratios of every Big 4 commercial bank. its leverage ratio of 5.2% and liquidity coverage ratio exceeding 180% underscore an ironclad funding profile. Rather than hoarding excess capital, Nationwide distributed £344 million in 2023 and £385 million in 2024 directly into member current accounts through 'The Nationwide Fairer Share' payment, proving that mutual banking delivers tangible, cash-in-hand financial benefits to everyday consumers.
Revenue Trend Analysis
YoY Change
-1.8%
9-Year CAGR
+4.3%
Peak Year
2023
Trend
Volatile
Nationwide Building Society has 10 full fiscal year figures on this page, compounding at +4.3% annually over 9 years. The most recent year saw a 1.8% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$6.2B. Of 9 comparable year-over-year steps, 4 showed growth and 5 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$6.1B | ~$1.8B | -1.8% |
| FY2023 | ~$6.2B | ~$2.2B | +20.9% |
| FY2022 | ~$5.1B | ~$1.7B | +17.5% |
| FY2021 | ~$4.3B | ~$815.8M | +7.4% |
| FY2020 | ~$4B | ~$481.8M | -2.2% |
| FY2019 | ~$4.1B | ~$815.8M | -3.6% |
| FY2018 | ~$4.3B | ~$983.4M | -1.3% |
| FY2017 | ~$4.3B | ~$999.2M | -1.1% |
| FY2016 | ~$4.4B | ~$1.3B | +6.2% |
| FY2015 | ~$4.1B | ~$1.1B | — |
Click any row to see year details.
Keep researching Nationwide Building Society
Nationwide Building Society Revenue and Financial FAQ
What was Nationwide's revenue and profit in FY2024?
Nationwide reported net revenue of £4.59 billion and underlying profit before tax of £1.338 billion in fiscal year 2024.
What is Nationwide's CET1 capital ratio?
Nationwide maintains an exceptional Common Equity Tier 1 (CET1) capital ratio of 26.5%, among the strongest in global banking.
How much did Nationwide distribute in the Fairer Share payout?
Nationwide distributed £344 million in 2023 and £385 million in 2024, paying £100 cash directly to over 3.8 million qualifying member current accounts.
What are Nationwide's total assets?
Following the integration of Virgin Money UK, Nationwide manages over £330 billion in total consolidated assets.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Nationwide Building Society Revenue & Financials." CorpDigest, https://corpdigest.com/company/nationwide-building-society/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Nationwide Building Society reported ~$6.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/nationwide-building-society/financials" target="_blank" rel="noopener">CorpDigest — Nationwide Building Society financials</a></div>Related Financial Audits
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