NatWest (NWG) Operating Expenses (2009 - 2026)

NatWest has reported Operating Expenses for 18 years, with the latest figure at -$2.8 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 10.45% year-over-year to -$2.8 billion; the trailing twelve-month figure through Mar 2026 stood at -$11.2 billion (down 8.27% YoY), and the FY2025 full-year result was $10.9 billion, up 4.58% from the prior year.
• Operating Expenses for Q1 2026 stood at -$2.8 billion, up from -$3.0 billion in the prior quarter.
• The five-year high for Operating Expenses was -$2.2 billion in Q3 2022, with the low at -$3.0 billion in Q4 2025.
• Historically, Operating Expenses has averaged -$2.6 billion across 5 years, with a median of -$2.5 billion in 2022.
• Annual changes were most pronounced in 2022 — Operating Expenses rose 20.09% — and 2025, when it declined 13.58%.
• NatWest's Operating Expenses 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 advanced by 7.93% to -$2.8 billion in 2026.
• The last three Operating Expenses figures came in at -$2.8 billion (Q1 2026), -$3.0 billion (Q4 2025), and -$2.7 billion (Q3 2025), per Business Quant data.