NatWest (NWG) Operating Income (2009 - 2026)
NatWest (NWG) posted quarterly Operating Income of $4.5 billion for Q1 2026, up 35.22% year-over-year from $3.4 billion in Q1 2025, and down 1.48% on a QoQ basis from $4.6 billion in Q4 2025.
NatWest (NWG) Operating Income (2009 - 2026) Analysis & Trends
NatWest has reported Operating Income for 18 years, with the latest figure at $4.5 billion in Q1 2026.
- Operating Income for Q1 2026 came in at $4.5 billion, up 35.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $17.1 billion (up 41.13% YoY), and the FY2025 annual result was $12.0 billion, up 29.42% from the prior year.
- Operating Income slipped to $4.5 billion in Q1 2026, from $4.6 billion in the prior quarter.
- Over five years, Operating Income peaked at $5.9 billion in Q1 2022 and troughed at $2.6 billion in Q3 2024.
- A 5-year average of $4.1 billion and a median of $4.2 billion in 2025 frame the typical range for Operating Income.
- The widest annual swing landed in 2024, when Operating Income sank 48.05%; it then soared 59.78% in 2025.
- A 5-year view of Operating Income shows it stood at $5.5 billion in 2022, then plunged by 46.19% to $2.9 billion in 2023, then climbed by 13.56% to $3.3 billion in 2024, then soared by 37.94% to $4.6 billion in 2025, then dropped by 1.48% to $4.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $4.5 billion in Q1 2026, $4.6 billion in Q4 2025, and $4.2 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 2.95 Bn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | - |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.55 Bn |
| Dec 31, 2025 | 4.62 Bn |
| Sep 30, 2025 | 4.20 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Mar 31, 2025 | 3.36 Bn |
| Dec 31, 2024 | 3.35 Bn |
| Sep 30, 2024 | 2.63 Bn |
| Jun 30, 2024 | 2.76 Bn |
| Mar 31, 2024 | 2.69 Bn |
| Dec 31, 2023 | 2.95 Bn |
| Sep 30, 2023 | 3.18 Bn |
| Jun 30, 2023 | 4.53 Bn |
| Mar 31, 2023 | 5.18 Bn |
| Dec 31, 2022 | 5.48 Bn |
| Sep 30, 2022 | 5.21 Bn |
| Jun 30, 2022 | 5.71 Bn |
| Mar 31, 2022 | 5.94 Bn |
| Dec 31, 2021 | 6.10 Bn |
| Sep 30, 2021 | 5.77 Bn |
| Jun 30, 2021 | 5.46 Bn |