NatWest (NWG) Operating Expenses (2009 - 2026)
NatWest (NWG) reported Operating Expenses of -$2.79 billion for Q2 2026, compared with -$2.72 billion a year earlier.
Powered by 
Analysis
NatWest (NWG) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, NatWest's Operating Expenses came in at -$11.23 billion; for FY2025, it was -$10.89 billion.
- By year, Operating Expenses came in at -$10.42 billion in FY2024, -$9.95 billion in FY2023, -$9.51 billion in FY2022 and -$10.67 billion in FY2021.
- Five-year quarterly Operating Expenses spans a low of -$3.14 billion in Q4 2021 and a high of -$2.23 billion in Q3 2022.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$2.75 billion (Q1 2026), -$2.99 billion (Q4 2025) and -$2.69 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 27.32 Bn |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | -3,218.32 Bn |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 18.63 Bn |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 13.90 Bn |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 7.02 Bn |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 17.50 Bn |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 11.67 Bn |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 13.66 Bn |
| 10 | NatWest | 75.15 Bn | -793.22 Bn | - | -2.79 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.79 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 |
API Access
NatWest Operating Expenses 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=operating-expenses&ticker=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();