NatWest Group plc (NWG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Net Interest Income | 3.44B | 3.27B | 3.09B | 3.03B | 2.97B | 2.9B | 2.76B | 2.65B | 2.64B | 2.69B | 2.82B | 2.9B | 2.87B | 2.64B | 2.29B | 2.03B | 1.74B | 1.87B | 1.99B | 1.86B |
| NII Growth % | 15.94% | 12.73% | 12.22% | 14.15% | 12.51% | 7.97% | -2.37% | -8.65% | -8.02% | 1.7% | 23.37% | 43.17% | 64.45% | 41.25% | 15.31% | 8.74% | -11.52% | -2.96% | 3.93% | -4.02% |
| Net Interest Margin % | 0.48% | 0.45% | 0.42% | 0.43% | 0.42% | 0.41% | 0.4% | 0.38% | 0.38% | 0.37% | 0.4% | 0.42% | 0.4% | 0.33% | 0.28% | 0.26% | 0.22% | 0.24% | 0.26% | 0.24% |
| Interest Income | 6.54B | 6.48B | 6.36B | 6.32B | 6.45B | 6.44B | 6.24B | 6.05B | 5.96B | 5.59B | 4.98B | 4.5B | 4.05B | 3.34B | 2.8B | 2.43B | 2.15B | 2.3B | 2.43B | 2.28B |
| Interest Expense | 3.1B | 3.21B | 3.26B | 3.29B | 3.48B | 3.54B | 3.48B | 3.4B | 3.32B | 2.9B | 2.16B | 1.6B | 1.18B | 701M | 513M | 403M | 403M | 430M | 448M | 418M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | 851M | 1.06B | 897M | 954M | 807M | 845M | 893M | 824M | 926M | 803M | 1.04B | 974M | 1.04B | 589M | 947M | 981M | 586M | 817M | 677M | 727M |
| Non-Interest Income % | 11.51% | 14.1% | 12.36% | 13.12% | 11.12% | 11.59% | 12.53% | 11.98% | 13.46% | 12.56% | 17.3% | 17.79% | 20.39% | 14.99% | 25.26% | 28.76% | 21.44% | 26.22% | 21.77% | 24.16% |
| Total Revenue | 7.39B | 7.55B | 7.25B | 7.27B | 7.26B | 7.29B | 7.13B | 6.88B | 6.88B | 6.39B | 6.02B | 5.47B | 5.08B | 3.93B | 3.75B | 3.41B | 2.73B | 3.12B | 3.11B | 3.01B |
| Revenue Growth % | 1.85% | 3.53% | 1.78% | 5.67% | 5.51% | 14.03% | 18.35% | 25.64% | 35.4% | 62.65% | 60.66% | 60.51% | 85.95% | 26.12% | 20.55% | 13.36% | -16.93% | 3.56% | -4.98% | -22.91% |
| Non-Interest Expense | 2.35B | 2.15B | 2.22B | 2.17B | 2.28B | 2.07B | 1.95B | 2.15B | 2.31B | 2.16B | 2.1B | 2.06B | 2.48B | 2.14B | 1.86B | 1.78B | 1.88B | 1.71B | 1.1B | 1.71B |
| Efficiency Ratio | 31.81% | 28.48% | 30.57% | 29.83% | 31.45% | 28.4% | 27.37% | 31.18% | 33.53% | 33.73% | 34.78% | 37.59% | 48.76% | 54.53% | 49.64% | 52.3% | 68.68% | 54.88% | 35.47% | 56.7% |
| Operating Income | 1.94B | 2.18B | 1.77B | 1.81B | 1.49B | 1.67B | 1.7B | 1.33B | 1.26B | 1.33B | 1.77B | 1.82B | 1.43B | 1.09B | 1.38B | 1.22B | 453M | 976M | 1.56B | 885M |
| Operating Margin % | 26.24% | 28.93% | 24.44% | 24.93% | 20.55% | 22.97% | 23.84% | 19.33% | 18.27% | 20.84% | 29.4% | 33.21% | 28.06% | 27.63% | 36.68% | 35.88% | 16.58% | 31.32% | 50.13% | 29.41% |
| Operating Income Growth % | 30.03% | 30.41% | 4.36% | 36.24% | 18.7% | 25.68% | -4.07% | -26.84% | -11.85% | 22.65% | 28.8% | 48.53% | 214.79% | 11.27% | -11.8% | 38.31% | 607.81% | 174.93% | 220.95% | 70.52% |
| Pretax Income | 1.94B | 2.18B | 1.77B | 1.81B | 1.49B | 1.67B | 1.7B | 1.33B | 1.26B | 1.33B | 1.77B | 1.82B | 1.43B | 1.09B | 1.38B | 1.22B | 453M | 976M | 1.56B | 885M |
| Pretax Margin % | 26.24% | 28.93% | 24.44% | 24.93% | 20.55% | 22.97% | 23.84% | 19.33% | 18.27% | 20.84% | 29.4% | 33.21% | 28.06% | 27.63% | 36.68% | 35.88% | 16.58% | 31.32% | 50.13% | 29.41% |
| Income Tax | 462M | 502M | 439M | 471M | 233M | 431M | 462M | 339M | -5M | 378M | 549M | 512M | 46M | 434M | 409M | 386M | 231M | 330M | 202M | 233M |
| Effective Tax Rate % | 23.81% | 23% | 24.76% | 25.99% | 15.62% | 25.75% | 27.19% | 25.49% | -0.4% | 28.38% | 31% | 28.16% | 3.23% | 39.96% | 29.75% | 31.54% | 50.99% | 33.81% | 12.96% | 26.33% |
| Net Income | 1.48B | 1.68B | 1.33B | 1.34B | 1.33B | 1.25B | 1.25B | 978M | 1.29B | 927M | 1.08B | 1.34B | 1.32B | 254M | 1.11B | 900M | 497M | 742M | 1.32B | 712M |
| Net Margin % | 19.98% | 22.26% | 18.36% | 18.46% | 18.31% | 17.08% | 17.54% | 14.22% | 18.73% | 14.5% | 17.93% | 24.47% | 26.03% | 6.46% | 29.66% | 26.39% | 18.19% | 23.81% | 42.35% | 23.66% |
| Net Income Growth % | 11.14% | 34.94% | 6.56% | 37.22% | 3.1% | 34.3% | 15.74% | -27.01% | -2.57% | 264.96% | -2.88% | 48.89% | 166.2% | -65.77% | -15.57% | 26.4% | 2466.67% | 408.22% | 247.98% | 81.17% |
| Net Income (Continuing) | 1.48B | 1.68B | 1.33B | 1.34B | 1.26B | 1.24B | 1.24B | 991M | 1.26B | 954M | 1.22B | 1.31B | 1.38B | 652M | 966M | 838M | 222M | 646M | 1.36B | 652M |
| EPS (Diluted) | 0.68 | 0.40 | 0.60 | 0.62 | 0.60 | 0.56 | 0.56 | 0.40 | 0.56 | 0.39 | 0.44 | 0.52 | 0.52 | 0.30 | 0.40 | 0.34 | 0.16 | 0.25 | 0.48 | 0.22 |
| EPS Growth % | 13.33% | -28.57% | 7.14% | 55% | 7.14% | 43.59% | 27.27% | -23.08% | 7.69% | 30% | 10% | 52.94% | 225% | 20% | -16.67% | 54.55% | 306.19% | 478.7% | 250% | 57.14% |
| EPS (Basic) | 0.68 | 0.80 | 0.62 | 0.62 | 0.60 | 0.56 | 0.56 | 0.40 | 0.56 | 0.39 | 0.44 | 0.52 | 0.52 | 0.30 | 0.40 | 0.35 | 0.16 | 0.25 | 0.48 | 0.22 |
| Diluted Shares Outstanding | 2.02B | 2.04B | 2.05B | 2.05B | 2.05B | 2.09B | 2.17B | 2.75B | 2.75B | 2.21B | 2.45B | 2.4B | 2.43B | 2.46B | 2.4B | 2.63B | 2.65B | 2.67B | 2.82B | 2.82B |