Retail Banking was NatWest’s largest segment in fiscal 2025, bringing in $152.27B of $297.96B (51%).
| Segments [axis] | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Commercial &Amp; Institutional | — | $24.03B | $186.38B | $22.58B | ||
| Commercial Institutional | $96.20B | — | — | — | ||
| Retail Banking | — | $110.57B | -$165.00M | $152.27B | ||
| Central Items &Amp; Other | — | $74.06B | $75.87B | $81.32B | ||
| Central Items & Other | $22.53B | — | — | — | ||
| Private Banking &Amp; Wealth Management | — | $17.36B | $18.75B | $41.81B | ||
| Private Banking | $15.84B | — | — | — | ||
| Total | $134.57B | $226.01B | $280.83B | $297.96B |
NatWest brought in $297.96B from its four segments in fiscal 2025, the year ended December 31, 2025. That is less than the $453.65B it reports by geography, so these segments do not cover all of its revenue. Retail Banking was the largest at $152.27B (51.1%), ahead of Central Items &Amp; Other at $81.32B (27.3%) and Private Banking &Amp; Wealth Management at $41.81B (14.0%). The remaining segment, Commercial &Amp; Institutional, brought in $22.58B.
Compared with fiscal 2024, Private Banking &Amp; Wealth Management grew fastest, up 123.0% to $41.81B, while Commercial &Amp; Institutional fell the most, down 87.9% to $22.58B.
NatWest began breaking out Commercial &Amp; Institutional in fiscal 2023, Central Items &Amp; Other in fiscal 2023 and Private Banking &Amp; Wealth Management in fiscal 2023. NatWest stopped reporting Commercial Institutional ($96.20B in fiscal 2022), Central Items & Other ($22.53B in fiscal 2022) and Private Banking ($15.84B in fiscal 2022) as separate segments.
Uk was NatWest’s largest region in fiscal 2025, bringing in $431.18B of $453.65B (95%).
| Geography | FY 2016 | FY 2017 | FY 2020 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|
| Uk | $236.93B | $361.44B | $431.18B | |||
| Europe | $8.37B | $15.24B | $16.55B | |||
| Usa | $1.76B | $2.51B | $4.41B | |||
| Us | — | — | — | |||
| Row | $1.56B | $1.55B | $1.52B | |||
| Total | $248.61B | $380.73B | $453.65B |
NatWest brought in $453.65B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 19.2% from $380.73B in fiscal 2023, the previous year with figures. Uk was the largest at $431.18B (95.0%), ahead of Europe at $16.55B (3.6%) and Usa at $4.41B (1.0%). The remaining region, Row, brought in $1.52B.
Compared with fiscal 2023, the previous year with figures, Uk grew 19.3% to $431.18B and Europe grew 8.6% to $16.55B. From fiscal 2022 to 2025, combined revenue from these regions grew from $248.61B to $453.65B, a compound annual growth rate of 22.2%. Uk's share held steady at about 95.0%.
NatWest (NWG) reports its revenue by segments [axis] and by geography. In fiscal 2025, Retail Banking was its largest segment, bringing in $152.27B (51.1% of the total), followed by Central Items &Amp; Other at $81.32B (27.3%).
Retail Banking was NatWest's largest segment in fiscal 2025, bringing in $152.27B, or 51.1% of the $297.96B total across its four segments.
Uk was NatWest's largest region in fiscal 2025, bringing in $431.18B, or 95.0% of the $453.65B total across its four regions.
Among NatWest's segments that make up at least 2% of revenue, Private Banking &Amp; Wealth Management grew fastest in fiscal 2025, up 123.0% from $18.75B to $41.81B.
Every figure comes from NatWest's annual financial filings, as reported. Each line keeps the name NatWest gives it, and years follow its fiscal calendar.
NatWest's revenue by segments [axis] goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.