NatWest Group plc
Financial Performance
NatWest Revenue & Financials
Revenue
~$21.1B (FY2025)
Market Cap
$54.5B
Net Income
~$7.2B
Employees
60,600
What is NatWest's revenue?
NatWest had ~$21.1B in revenue for fiscal year 2025, up 11.3% from 2024. Net income was ~$7.2B.
- Latest revenue
- ~$21.1B (FY2025)
- Year-over-year
- +11.3%
- Growth rate (CAGR)
- 8% over 4 years
- Peak revenue
- ~$21.1B (FY2025)
- Years of data
- 5
- Employees
- 60,600
- How much profit does NatWest make?
- NatWest reported net income of ~$7.2B for fiscal year 2025. stockanalysis.com
- How many employees does NatWest have?
- NatWest has about 60,600 employees.
Financial Analysis
After the 2008 rescue, when the UK government injected ~$60.1 billion (£45.5 billion) and took about 84% of RBS, the group spent a decade shrinking, settling legacy litigation and exiting overseas businesses. Profits have since climbed: attributable profit rose from ~$5.81 billion (£4.4 billion) in 2023 and ~$5.94 billion (£4.5 billion) in 2024 to ~$7.26 billion (£5.5 billion) in 2025, when total income reached ~$21.6 billion (£16.4 billion), operating expenses were about $11 billion (£8.3 billion), impairments were 16 basis points of loans and the CET1 ratio was 14.0%. Total 2025 distributions were ~$5.41 billion (£4.1 billion). In H1 2026 attributable profit was ~$3.96 billion (£3.0 billion), RoTE 19.7%, cost:income ratio 46.0% and EPS 38.1 pence, up 23.3%, and management raised guidance. NatWest Group plc is one of the absolute largest banking and financial services organizations in the United Kingdom, sustaining a market valuation typically exceeding $35 billion.
Revenue Trend Analysis
YoY Change
+11.3%
4-Year CAGR
+8%
Peak Year
2025
Trend
Consistent Growth
NatWest Group plc has 5 full fiscal year figures on this page, compounding at +8% annually over 4 years. The most recent year saw a 11.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$21.1B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$21.1B | ~$7.2B | +11.3% | NatWest Group (LON:NWG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2024 | ~$18.9B | ~$6B | +1.2% | NatWest Group (LON:NWG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2023 | ~$18.7B | ~$5.8B | +9.2% | NatWest Group (LON:NWG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2022 | ~$17.1B | ~$4.4B | +10.5% | NatWest Group (LON:NWG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
| FY2021 | ~$15.5B | ~$3.9B | — | NatWest Group (LON:NWG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2021-12-31. Revenue is net of interest expense (S&P Global definition) and can differ from the bank's reported total income. |
Click any row to see year details.
Keep researching NatWest
NatWest Revenue and Financial FAQ
What was NatWest Group's total income and operating profit in recent fiscal years?
NatWest reported 2025 total income of ~$21.6 billion (£16.4 billion), up 12%, profit before tax of ~$10.2 billion (£7.7 billion) and attributable profit of ~$7.26 billion (£5.5 billion). In H1 2026 income was ~$11.5 billion (£8.7 billion), up 8.9%, and attributable profit was ~$3.96 billion (£3.0 billion).
How big are NatWest's loan book and deposits?
At 30 June 2026 NatWest had ~$541 billion (£410 billion) of customer loans and ~$591 billion (£448 billion) of customer deposits, and assets under management and administration of ~$173 billion (£131 billion) after adding Evelyn Partners.
What is NatWest Group's CET1 ratio?
NatWest's CET1 ratio was 14.0% at the end of 2025 and 13.2% at 30 June 2026, after absorbing the Evelyn Partners acquisition.
What is NatWest Group's cost:income ratio?
NatWest's cost:income ratio fell 4.8 percentage points in 2025 and was 46.0% in H1 2026, with income growing faster than costs of ~$5.41 billion (£4.1 billion) for the half.
What is NatWest Group's return on tangible equity (RoTE)?
NatWest's RoTE was 19.2% in 2025 and 19.7% in H1 2026, including 21.0% in the second quarter. Its 2028 target is a RoTE above 18%.
How much does NatWest return to shareholders?
NatWest made total distributions of ~$5.41 billion (£4.1 billion) for 2025 through dividends and share buybacks. Earnings per share rose to 38.4 pence in 2025 and 38.1 pence in H1 2026 alone.
What is NatWest's Return on Tangible Equity (RoTE) target?
NatWest targets a Return on Tangible Equity (RoTE) between 14% and 16%, supported by higher Bank of England base rates and disciplined operating cost reductions. It distributes billions in surplus capital annually to shareholders through ordinary dividends and directed share buybacks.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "NatWest Revenue & Financials." CorpDigest, https://corpdigest.com/company/natwest/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>NatWest reported ~$21.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/natwest/financials" target="_blank" rel="noopener">CorpDigest — NatWest financials</a></div>Related Financial Audits
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