NatWest (NWG) EBITDA Margin (2009 - 2026)
NatWest's EBITDA Margin came in at -25.00% for Q2 2026, up 19.49 percentage points from -44.49% a year earlier and up 4.23 percentage points from the prior quarter.
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Analysis
NatWest (NWG) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NatWest reported EBITDA Margin of -29.62%, up 21.41 percentage points year-over-year; for FY2025, it was -24.08%, up 21.21 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -27.80 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -45.29% in FY2024 (-25.87 pp), -19.42% in FY2023 (-43.52 pp), 24.10% in FY2022 (-6.24 pp) and 30.34% in FY2021 (+26.62 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q2 2023.
- Year-over-year, EBITDA Margin has increased for seven consecutive quarters, with an average year-over-year change of +15.05 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2025 (a gain of 26.26 percentage points), and the weakest in Q1 2024 (a drop of 67.72 percentage points).
- Business Quant data shows NWG's EBITDA Margin at -29.23% (Q1 2026), -33.79% (Q4 2025) and -30.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - | 95.81% |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - | - |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - | 95.10% |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - | 101.52% |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - | 142.03% |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - | 133.57% |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - | 92.35% |
| 10 | NatWest | 75.48 Bn | -792.89 Bn | - | -25.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -25.00% |
| Mar 31, 2026 | -29.23% |
| Dec 31, 2025 | -33.79% |
| Sep 30, 2025 | -30.68% |
| Jun 30, 2025 | -44.49% |
| Mar 31, 2025 | -43.79% |
| Dec 31, 2024 | -60.05% |
| Sep 30, 2024 | -56.54% |
| Jun 30, 2024 | -55.04% |
| Mar 31, 2024 | -67.54% |
| Dec 31, 2023 | -65.34% |
| Sep 30, 2023 | -51.20% |
| Jun 30, 2023 | -16.70% |
| Mar 31, 2023 | 0.18% |
| Dec 31, 2022 | 0.76% |
| Sep 30, 2022 | 5.73% |
| Jun 30, 2022 | 20.77% |
| Mar 31, 2022 | 20.74% |
| Dec 31, 2021 | 4.46% |
| Sep 30, 2021 | 13.14% |
API Access
NatWest EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NWG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();