NatWest Group plc

NatWest Group plc

NWG
NatWest Group plcUS flagNew York Stock Exchange
16.15
USD
+0.20
- -
32.15BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.08
2.78
2.42
2.28
2.31
2.39
2.09
1.91
1.92
2.7
3.22
3.47
4.12
4.23
Basic EPS, GAAP
-1.72
-0.59
-0.35
-1.02
0.22
0.35
0.62
-0.07
0.6
0.73
1.01
1.14
1.45
1.49
Free Cash Flow per Basic Share
-6.01
-4.02
0.03
-0.84
6.28
-1.32
-0.65
5.09
9.7
-9.1
-4.14
0.16
1.44
- -
Dividend per Share
0.08
0.07
0.08
0.31
0.11
0.14
0.61
0.07
0.19
0.65
0.37
0.43
0.59
- -
Book Value per Share
1.46
0.55
1.42
-0.21
5.28
4.73
4.65
4.38
4.53
4.4
4.69
5.1
6.07
6.37
Tangible Book Value per Share
9.01
9.66
8.9
7.91
7.72
7.15
6.59
6.59
6.51
5.95
6.45
7.53
8.77
9.08
Basic Weighted Avg Shares
5,198
5,272
5,347
5,428
5,510
5,576
5,603
5,639
5,392
4,941
4,587
4,223
4,029
4,013
Sales/Revenue/Turnover
16,024
14,663
12,931
12,366
12,716
13,341
11,719
10,760
10,340
13,352
14,784
14,653
16,609
16,973
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1,410
1,109
1,180
919
837
768
1,220
914
923
833
934
1,058
1,154
1,168
Net Income, GAAP
-8,597
-2,771
-1,594
-5,258
1,473
2,159
3,539
-372
3,268
3,589
4,636
4,802
5,831
5,994
Effective Tax Rate (%)
- -
72.23
- -
- -
32.65
35.96
11.02
- -
25.91
24.84
23.21
23.65
24.31
24.33
Profit Margin (%)
-53.65
-18.9
-12.33
-42.52
11.58
16.18
30.2
-3.46
31.61
26.88
31.36
32.77
35.11
35.31
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
90,792
72,079
49,842
45,308
12,563
49,909
56,876
56,530
58,331
55,316
60,074
65,922
71,826
6,642
Total Equity
59,215
58,709
54,147
49,404
49,093
46,490
43,556
43,824
41,803
36,496
37,188
39,378
42,613
43,671
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-72.26
-59.31
-36.08
- -
- -
7.13
13.36
-1.57
13.23
15.55
21.46
22.31
25.35
24.77

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,030
7,995
7,971
Market Capitalization
42,634
52,357
45,236

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
84,686
85,348
78,966
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.17%
-0.26%
8.22%
Free Cash Flow
-492.96%
93.8%
734.29%
Net Income, GAAP
-81.27%
-182.9%
21.43%
Sales/Revenue/Turnover
3.15%
9.68%
13.35%
Total Cash Common Dividend
184.77%
78.63%
32%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,475
3,650
3,744
3,775
14,653
2025
3,980
3,991
4,332
4,292
16,609
2026
4,358
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
- -
0.3
0.33
1.14
2025
0.33
- -
0.42
0.37
1.45
2026
0.38
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.43
2025
- -
- -
- -
- -
0.59
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
John-Paul Thwaite
Full Time Employees
59,400
Sector
Financial Services
Industry
Banks - Diversified
Address
Gogarburn Edinburgh United Kingdom EH12 1HQ
IPO Date
Oct 18, 2007
Business
NatWest Group plc is a UK-based banking and financial services company primarily engaged in retail, commercial, private, and institutional banking. Its core products and services include personal banking; business and commercial banking with specialist sector knowledge in sustainable energy, commercial property, and technology; private banking; consumer loans; asset and invoice finance; and banking-as-a-service (BaaS) solutions. The group operates through multiple branded entities across England, Wales, and parts of Western Europe, serving over 20 million customers with comprehensive financial products ranging from deposit accounts and mortgages to corporate financing and wealth management. Founded in 1968 and headquartered in Edinburgh, Scotland, NatWest Group also provides services to financial investors and supports entrepreneurial and SME sectors. In the last 1-2 years, NatWest Group has executed significant strategic initiatives and expansions. Notably, it entered into a strategic partnership with Vodeno Group in the UK to establish a new BaaS business, allowing businesses to embed financial products such as payments, deposits, and merchant cash advances into their ecosystems. The group launched its first Fintech Growth Programme to support the scaling of fintech startups, leveraging its established banking infrastructure. It also acquired an 85% stake in Cushon, a UK fintech specializing in workplace savings and pensions, for £144 million, expanding its digital financial service offerings. In 2025, the UK government divested its remaining shares, returning NatWest Group to full private ownership, marking a major operational and ownership milestone. Furthermore, NatWest has pursued active capital management through ongoing share buyback programs to enhance shareholder value. NatWest Group operates various business segments including Retail Banking, Commercial and Institutional Banking, and Private Banking, with targeted services for individuals, small to medium enterprises, and large corporates. Its wider focus includes financing and risk management products aimed at clients in the UK and Western Europe. The group leverages technology and innovation to drive digital transformation and improve customer experience, aligning with its strategic goal to be a vital and trusted partner in UK banking markets. The company employs over 59,000 people and continues to advance sustainability and inclusion through partnerships and sector-specific financial solutions. Overall, NatWest Group plc stands as a comprehensive banking and financial services provider with a broad portfolio from core banking products to innovative fintech and embedded finance solutions, strengthened by recent strategic partnerships, acquisitions, and a full return to private ownership following government divestment. It maintains a central role in the UK financial ecosystem while expanding its technological capabilities and market reach to meet evolving customer needs. This positions NatWest as a leading financial institution in both traditional and digital banking sectors.

Company News

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