NatWest Group revenue and financials
648.20 GBpChange from previous close: −3.02%Absolute change: −20.20 GBp
In the fiscal year ended December 2025, NatWest Group reported revenue of £30.24B (+3.14% year over year). Net income was £5.83B, a net margin of 19.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +3.14%
- 2025 vs 2024
- Net income growth
- +21.26%
- 2025 vs 2024
- Net margin
- 19.3%
- 2024: 16.4%
Financial data
Amounts in millions of GBP; per-share values in GBP; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 7,072 | 1,772 | -17,438 | -43,597 | 53,684 | 29,095 | -3,079 | -6,748 | 35,712 | -3,650 |
| Depreciation and amortization | 1,154 | 1,058 | 934 | 833 | 923 | 913 | 1,218 | 731 | 808 | 778 |
| Capital expenditure | -665 | -464 | -811 | -639 | -901 | -376 | -559 | -619 | -1,132 | -912 |
| Investing cash flow | -13,765 | -12,699 | -14,694 | 19,059 | 3,065 | 7,547 | -716 | -7,986 | -6,152 | -4,359 |
| Financing cash flow | 15,994 | 9,489 | -23,519 | -45,982 | 51,143 | 62,695 | 2,959 | -7,774 | 19,940 | 5,311 |
| Dividends paid | -2,376 | -1,800 | -1,703 | -3,205 | -1,016 | -381 | -3,429 | -803 | -612 | -1,697 |
| Share repurchases | -579 | -2,716 | -2,416 | -2,054 | -1,806 | -2.0 | -21.0 | 22.0 | 89.0 | -25.0 |
| Debt issued | 5,692 | 6,437 | 4,584 | 4,369 | — | — | — | — | — | — |
| Debt repaid | -4,177 | -3,853 | -5,486 | -8,685 | — | — | — | — | — | — |
| Effect of exchange rates | 775 | -1,166 | -1,189 | 2,933 | -2,641 | 1,879 | -1,983 | 676 | -16.0 | 8,094 |
| Net change in cash | -9,412 | -13,979 | -39,625 | -32,257 | 51,507 | 38,611 | -8,348 | -13,669 | 24,035 | -5,022 |
| Free cash flow | -13,081 | -10,067 | -1,034 | -8,906 | -961 | — | — | — | — | — |