NatWest (NWG) Operating Expenses (2009 - 2026)

NatWest's Operating Expenses history runs 18 years deep, the most recent figure standing at -$2.8 billion for Q1 2026.

• Quarterly Operating Expenses fell 10.45% year-over-year to -$2.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$11.2 billion (down 8.27% YoY) and the FY2025 annual result came in at $10.9 billion, up 4.58% from the prior year.
• Operating Expenses was -$2.8 billion for Q1 2026 at NatWest, up from -$3.0 billion in the prior quarter.
• Across five years, Operating Expenses topped out at -$2.2 billion in Q3 2022 and bottomed at -$3.0 billion in Q4 2025.
• A 5-year average of -$2.6 billion and a median of -$2.5 billion in 2022 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses climbed 20.09% — and 2025, when it decreased 13.58%.
• NatWest's Operating Expenses stood at -$2.5 billion in 2022, then fell by 6.61% to -$2.7 billion in 2023, then retreated by 8.84% to -$2.9 billion in 2024, then declined by 2.77% to -$3.0 billion in 2025, then grew by 7.93% to -$2.8 billion in 2026.
• Business Quant data shows NWG's Operating Expenses at -$2.8 billion in Q1 2026, -$3.0 billion in Q4 2025, and -$2.7 billion in Q3 2025.