NatWest (NWG) Gross Margin (2009 - 2026)
NatWest (NWG) posted quarterly Gross Margin of 30.54% for Q1 2026, up 1318.0% year-on-year from 2.15% in Q1 2025, and up 8.07% on a QoQ basis from 28.26% in Q4 2025.
NatWest (NWG) Gross Margin (2009 - 2026) Analysis & Trends
NatWest (NWG) has reported Gross Margin for 18 consecutive years, with 30.54% the latest figure, recorded in Q1 2026.
- Quarterly Gross Margin rose 1318.0% year-over-year to 30.54% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 25.93% (up 1669.0% YoY) and the FY2025 annual result came in at 57.45%, up 489.0% from the prior year.
- Gross Margin climbed to 30.54% in Q1 2026 per NWG's latest filing, from 28.26% in the prior quarter.
- Over the last five years, Gross Margin for NWG reached as high as 86.6% in Q1 2022 and fell as low as 2.04% in Q1 2024.
- A 5-year average of 34.38% and a median of 25.81% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 6201 bps — and 2025, when it soared 2049 bps.
- Year by year, Gross Margin stood at 68.23% in 2022, then sank by 91 bps to 6.22% in 2023, then surged by 43 bps to 8.89% in 2024, then soared by 218 bps to 28.26% in 2025, then rose by 8 bps to 30.54% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 30.54%, 28.26%, and 25.81% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | -244.16% |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 80.84% |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 30.54% |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | - |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | - |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Itau Unibanco Holding | 90.02 Bn | 47.32 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.54% |
| Dec 31, 2025 | 28.26% |
| Sep 30, 2025 | 25.81% |
| Jun 30, 2025 | 18.50% |
| Mar 31, 2025 | 17.36% |
| Dec 31, 2024 | 8.89% |
| Sep 30, 2024 | 5.32% |
| Jun 30, 2024 | 4.95% |
| Mar 31, 2024 | 2.04% |
| Dec 31, 2023 | 6.22% |
| Sep 30, 2023 | 16.74% |
| Jun 30, 2023 | 43.99% |
| Mar 31, 2023 | 58.75% |
| Dec 31, 2022 | 68.23% |
| Sep 30, 2022 | 78.29% |
| Jun 30, 2022 | 84.02% |
| Mar 31, 2022 | 86.60% |
| Dec 31, 2021 | 84.51% |
| Sep 30, 2021 | 83.99% |
| Jun 30, 2021 | 85.23% |