NatWest (NWG) Net Margin (2009 - 2026)

NatWest's Net Margin history runs 18 years deep, the most recent figure standing at 32.86% for Q1 2026.

• Quarterly Net Margin rose 140.0% year-over-year to 32.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.26% (up 135.0% YoY) and the FY2025 annual result came in at 18.12%, up 271.0% from the prior year.
• Net Margin was 32.86% for Q1 2026 at NatWest, up from 32.22% in the prior quarter.
• Across five years, Net Margin topped out at 36.89% in Q3 2025 and bottomed at 5.79% in Q3 2022.
• A 5-year average of 29.79% and a median of 32.22% in 2025 frame the typical range for Net Margin.
• Annual changes were most pronounced in 2022 — Net Margin slumped 1930 bps — and 2023, when it surged 1904 bps.
• NatWest's Net Margin stood at 34.03% in 2022, then gained by 2 bps to 34.75% in 2023, then decreased by 6 bps to 32.63% in 2024, then slipped by 1 bps to 32.22% in 2025, then gained by 2 bps to 32.86% in 2026.
• Business Quant data shows NWG's Net Margin at 32.86% in Q1 2026, 32.22% in Q4 2025, and 36.89% in Q3 2025.