NatWest (NWG) Operating Expenses (2009 - 2026)
NatWest (NWG) posted quarterly Operating Expenses of $8.3 billion for Q2 2026, up 403.99% year-over-year from $1.6 billion in Q2 2025, and up 400.36% on a QoQ basis from -$2.8 billion in Q1 2026.
NatWest (NWG) Operating Expenses (2009 - 2026) Analysis & Trends
NatWest has reported Operating Expenses for 18 years, with the latest figure at $8.3 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $8.3 billion, up 403.99% year-over-year; the trailing twelve-month figure through Jun 2026 was -$167.8 million (up 98.4% YoY), and the FY2025 annual result was $10.9 billion, up 4.58% from the prior year.
- Operating Expenses grew to $8.3 billion in Q2 2026, from -$2.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $8.3 billion in Q2 2026 and troughed at -$3.0 billion in Q4 2025.
- A 5-year average of -$2.0 billion and a median of -$2.5 billion in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2025, when Operating Expenses decreased 13.58%; it then surged 403.99% in 2026.
- A 5-year view of Operating Expenses shows it stood at -$2.5 billion in 2022, then dropped by 6.61% to -$2.7 billion in 2023, then declined by 8.84% to -$2.9 billion in 2024, then slipped by 2.77% to -$3.0 billion in 2025, then surged by 376.53% to $8.3 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $8.3 billion in Q2 2026, -$2.8 billion in Q1 2026, and -$3.0 billion in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.15 Bn | 84.95 Bn | - | - |
| 2 | Pnc Financial Services | 97.76 Bn | 97.76 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.01 Bn | 96.01 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.80 Bn | -144.29 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.03 Bn | -81.28 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 71.41 Bn | 57.72 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.56 Bn | 61.56 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.64 Bn | 25.92 Bn | - | 2.11 Bn |
| 10 | Itau Unibanco Holding | 41.94 Bn | 43.63 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.27 Bn |
| Mar 31, 2026 | -2.75 Bn |
| Dec 31, 2025 | -2.99 Bn |
| Sep 30, 2025 | -2.69 Bn |
| Jun 30, 2025 | -2.72 Bn |
| Mar 31, 2025 | -2.49 Bn |
| Dec 31, 2024 | -2.91 Bn |
| Sep 30, 2024 | -2.37 Bn |
| Jun 30, 2024 | -2.53 Bn |
| Mar 31, 2024 | -2.60 Bn |
| Dec 31, 2023 | -2.67 Bn |
| Sep 30, 2023 | -2.44 Bn |
| Jun 30, 2023 | -2.41 Bn |
| Mar 31, 2023 | -2.42 Bn |
| Dec 31, 2022 | -2.51 Bn |
| Sep 30, 2022 | -2.23 Bn |
| Jun 30, 2022 | -2.31 Bn |
| Mar 31, 2022 | -2.44 Bn |
| Dec 31, 2021 | -3.14 Bn |
| Sep 30, 2021 | -2.66 Bn |