NatWest (NWG) Net Margin (2009 - 2026)
NatWest (NWG) posted quarterly Net Margin of 14.51% for Q2 2026, down 1635.0% year-over-year from 0.95% in Q2 2025, and down 55.85% on a QoQ basis from 32.86% in Q1 2026.
NatWest (NWG) Net Margin (2009 - 2026) Analysis & Trends
NatWest has reported Net Margin for 18 years, with the latest figure at 14.51% in Q2 2026.
- Net Margin for Q2 2026 came in at 14.51%, down 1635.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 25.05% (down 650.0% YoY), and the FY2025 annual result was 18.12%, up 271.0% from the prior year.
- Net Margin slipped to 14.51% in Q2 2026, from 32.86% in the prior quarter.
- Over five years, Net Margin peaked at 36.89% in Q3 2025 and troughed at 5.79% in Q3 2022.
- A 5-year average of 28.94% and a median of 31.84% in 2025 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin slumped 1930 bps; it then surged 1904 bps in 2023.
- A 5-year view of Net Margin shows it stood at 34.03% in 2022, then increased by 2 bps to 34.75% in 2023, then fell by 6 bps to 32.63% in 2024, then retreated by 1 bps to 32.22% in 2025, then slumped by 55 bps to 14.51% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 14.51% in Q2 2026, 32.86% in Q1 2026, and 32.22% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 28.41% |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 27.30% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | 38.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 25.60% |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 25.60% |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 28.85% |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 23.30% |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.51% |
| Mar 31, 2026 | 32.86% |
| Dec 31, 2025 | 32.22% |
| Sep 30, 2025 | 36.89% |
| Jun 30, 2025 | 30.86% |
| Mar 31, 2025 | 31.46% |
| Dec 31, 2024 | 32.63% |
| Sep 30, 2024 | 31.30% |
| Jun 30, 2024 | 32.28% |
| Mar 31, 2024 | 26.42% |
| Dec 31, 2023 | 34.75% |
| Sep 30, 2023 | 24.83% |
| Jun 30, 2023 | 26.49% |
| Mar 31, 2023 | 33.00% |
| Dec 31, 2022 | 34.03% |
| Sep 30, 2022 | 5.79% |
| Jun 30, 2022 | 32.70% |
| Mar 31, 2022 | 27.96% |
| Dec 31, 2021 | 16.68% |
| Sep 30, 2021 | 25.09% |