NatWest (NWG) Tax Rate (2009 - 2026)

NatWest has reported Tax Rate for 18 years, with the latest figure at 25.87% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 12.0% year-over-year to 25.87%; the trailing twelve-month figure through Mar 2026 stood at 24.33% (down 43.0% YoY), and the FY2025 full-year result was 24.31%, up 66.0% from the prior year.
• Tax Rate for Q1 2026 stood at 25.87%, down from 23.81% in the prior quarter.
• The five-year high for Tax Rate was 228.56% in Q4 2023, with the low at 39.96% in Q3 2022.
• Historically, Tax Rate has averaged 10.62% across 5 years, with a median of 25.87% in 2026.
• Annual changes were most pronounced in 2023 — Tax Rate surged 23179 bps — and 2024, when it plunged 24418 bps.
• NatWest's Tax Rate stood at 3.23% in 2022, then jumped by 7185 bps to 228.56% in 2023, then tumbled by 107 bps to 15.62% in 2024, then slumped by 52 bps to 23.81% in 2025, then retreated by 9 bps to 25.87% in 2026.
• The last three Tax Rate figures came in at 25.87% (Q1 2026), 23.81% (Q4 2025), and 23.0% (Q3 2025), per Business Quant data.