NatWest (NWG) Net Margin (2009 - 2026)
NatWest's Net Margin was 37.14% in Q2 2026, up 3.84 percentage points from 33.31% a year earlier and up 2.56 percentage points from the prior quarter.
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Analysis
NatWest (NWG) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, NatWest's Net Margin was 36.19% through Jun 30, 2026, up 2.46 percentage points year-over-year; for FY2025, it came in at 32.92%, up 2.19 percentage points from FY2024.
- Net Margin has now increased for three consecutive years, with a five-year change of +40.16 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 30.74% in FY2024 (+0.95 pp), 29.79% in FY2023 (+4.40 pp), 25.39% in FY2022 (-2.90 pp) and 28.29% in FY2021 (+35.52 pp).
- Quarterly Net Margin has moved between 7.93% (Q3 2022) and 38.80% (Q3 2025) over five years.
- Compared with a year earlier, Net Margin was higher in five of the last eight quarters, with an average year-over-year change of +2.40 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q3 2021 (a gain of 21.39 percentage points); the worst was Q3 2022 (a drop of 19.58 percentage points).
- Per Business Quant data, NWG's Net Margin in the three quarters before Q2 2026 was 34.58% (Q1 2026), 34.18% (Q4 2025) and 38.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - | 36.19% |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - | - |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - | 27.72% |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - | 25.46% |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - | 32.50% |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - | 31.46% |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - | 27.23% |
| 10 | NatWest | 75.48 Bn | -792.89 Bn | - | 37.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.14% |
| Mar 31, 2026 | 34.58% |
| Dec 31, 2025 | 34.18% |
| Sep 30, 2025 | 38.80% |
| Jun 30, 2025 | 33.31% |
| Mar 31, 2025 | 33.69% |
| Dec 31, 2024 | 34.72% |
| Sep 30, 2024 | 33.23% |
| Jun 30, 2024 | 34.22% |
| Mar 31, 2024 | 28.40% |
| Dec 31, 2023 | 36.42% |
| Sep 30, 2023 | 26.49% |
| Jun 30, 2023 | 28.02% |
| Mar 31, 2023 | 34.60% |
| Dec 31, 2022 | 35.71% |
| Sep 30, 2022 | 7.93% |
| Jun 30, 2022 | 34.69% |
| Mar 31, 2022 | 29.95% |
| Dec 31, 2021 | 18.95% |
| Sep 30, 2021 | 27.51% |
API Access
NatWest Net 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=net-margin&ticker=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();