NatWest (NWG) Cost of Revenue (2009 - 2026)

NatWest has reported Cost of Revenue for 18 years, with the latest figure at $4.1 billion in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $4.1 billion, down 1.49% year-over-year; the trailing twelve-month figure through Mar 2026 was $16.9 billion (down 4.05% YoY), and the FY2025 annual result was $17.0 billion, down 4.59% from the prior year.
• Cost of Revenue slipped to $4.1 billion in Q1 2026, from $4.1 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $4.6 billion in Q3 2024 and troughed at $540.8 million in Q1 2022.
• A 5-year average of $3.2 billion and a median of $4.1 billion in 2023 frame the typical range for Cost of Revenue.
• The widest annual swing landed in 2023, when Cost of Revenue surged 345.25%; it then decreased 7.75% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $1.4 billion in 2022, then jumped by 197.96% to $4.1 billion in 2023, then climbed by 8.65% to $4.5 billion in 2024, then dropped by 7.75% to $4.1 billion in 2025, then fell by 1.1% to $4.1 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $4.1 billion in Q1 2026, $4.1 billion in Q4 2025, and $4.3 billion in Q3 2025.