NatWest (NWG) Tax Rate (2019 - 2023)
NatWest (NWG) reported Tax Rate of -26.78% for Q2 2026, down 2.02 percentage points from -24.76% a year earlier and down 0.91 percentage points from the prior quarter.
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Analysis
NatWest (NWG) Tax Rate (2019 - 2023) Analysis & Trends
Over the twelve months ended Jun 30, 2026, NatWest's Tax Rate came in at -24.90%, down 1.58 percentage points year-over-year; for FY2025, it came in at -24.31%, down 0.66 percentage points from FY2024.
- Tax Rate has a five-year change of -37.69 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -23.65% in FY2024 (-0.44 pp), -23.21% in FY2023 (+1.63 pp), -24.84% in FY2022 (+1.07 pp) and -25.91% in FY2021 (-39.29 pp).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q2 2024.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of -14.85 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 139.87 percentage points); the low point was Q4 2021 (a drop of 1293.09 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -25.87% (Q1 2026), -23.81% (Q4 2025) and -23.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 23.12% |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 21.54% |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 23.07% |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 22.26% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 16.66% |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 22.60% |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 17.42% |
| 10 | NatWest | 72.69 Bn | -795.69 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 100.40% |
| Mar 31, 2023 | 71.84% |
| Dec 31, 2022 | 96.77% |
| Jun 30, 2019 | 24.39% |
API Access
NatWest Tax Rate 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=tax-rate&ticker=NWG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NWG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();