NatWest Group plc (NWG) financial statements: income statement, balance sheet and cash flow
NatWest Group plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
Income statement
NatWest Group plc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest receivable
$25.7B
$25.2B
$21.0B
$12.6B
Interest payable
($12.9B)
($13.9B)
($10.0B)
($2.8B)
Net interest income
$12.8B
$11.3B
$11.0B
$9.8B
Fees and commissions receivable
$3.2B
$3.2B
$3.0B
$2.9B
Fees and commissions payable
($733.0M)
($708.0M)
($653.0M)
($623.0M)
Trading income
$1.1B
$825.0M
$794.0M
$1.1B
Other operating income
$186.0M
$136.0M
$579.0M
($111.0M)
Non-interest income
$3.8B
$3.4B
$3.7B
$3.3B
Total income
$16.6B
$14.7B
$14.8B
$13.2B
Staff costs
($4.2B)
($4.1B)
($3.9B)
($3.7B)
Premises and equipment
($1.3B)
($1.2B)
($1.2B)
($1.1B)
Other administrative expenses
($1.6B)
($1.8B)
($2.0B)
($2.0B)
Depreciation and amortisation
($1.2B)
($1.1B)
($934.0M)
($833.0M)
Operating expenses
($8.3B)
($8.1B)
($8.0B)
($7.7B)
Profit before impairment losses
$8.4B
$6.6B
$6.8B
$5.5B
Impairment losses
($671.0M)
($359.0M)
—
—
Operating profit before tax
$7.7B
$6.2B
$6.2B
$5.1B
Tax charge
($1.9B)
($1.5B)
($1.4B)
($1.3B)
Profit from continuing operations
$5.8B
$4.7B
$4.7B
$3.9B
Ordinary shareholders
$5.5B
$4.5B
$4.4B
$3.3B
Paid-in equity holders
$352.0M
$283.0M
$242.0M
$249.0M
Non-controlling interests
$3.0M
$9.0M
($4.0M)
$6.0M
Profit for the year
$5.8B
$4.8B
$4.6B
$3.6B
Earnings per ordinary share - continuing operations
$0.68
$0.53
$0.49
$0.36
Total earnings per share attributable to ordinary shareholders - basic
$0.68
$0.54
$0.48
$0.34
Earnings per ordinary share - diluted continuing operations
$0.67
$0.52
$0.49
$0.36
Total earnings per share attributable to ordinary shareholders - diluted
$0.67
$0.53
$0.48
$0.34
NatWest Group plc income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Interest receivable
$13.0B
$12.7B
$12.3B
$9.5B
Interest payable
($6.2B)
($6.6B)
($6.9B)
($3.8B)
Net interest income
$6.9B
$6.1B
$5.4B
$5.7B
Fees and commissions receivable
$1.7B
$1.6B
$1.6B
$1.5B
Fees and commissions payable
($393.0M)
($368.0M)
($348.0M)
($315.0M)
Trading income
$386.0M
$575.0M
$350.0M
$418.0M
Other operating income
$269.0M
$50.0M
$157.0M
$439.0M
Non-interest income
$2.0B
$1.9B
$1.7B
$2.0B
Total income
$8.9B
$8.0B
$7.1B
$7.7B
Staff costs
($2.1B)
($2.1B)
($2.1B)
($2.0B)
Premises and equipment
($628.0M)
($587.0M)
($579.0M)
($570.0M)
Other administrative expenses
($794.0M)
($745.0M)
($823.0M)
($871.0M)
Depreciation and amortisation
($565.0M)
($557.0M)
($508.0M)
($469.0M)
Operating expenses
($4.1B)
($4.0B)
($4.1B)
($3.9B)
Profit before impairment losses
$4.7B
$4.0B
$3.1B
$3.8B
Impairment losses
($423.0M)
($382.0M)
($48.0M)
—
Operating profit before tax
$4.3B
$3.6B
$3.0B
$3.6B
Tax charge
($1.1B)
($910.0M)
($801.0M)
($1.1B)
Ordinary shareholders
$3.0B
$2.5B
$2.1B
$2.3B
Paid-in equity holders
$149.0M
$186.0M
$129.0M
$121.0M
Non-controlling interests
($4.0M)
$1.0M
$11.0M
—
Profit for the period
$3.2B
$2.7B
$2.2B
$2.4B
Earnings per share attributable to ordinary shareholders - basic
$0.38
$0.31
$0.24
$0.24
Earnings per share attributable to ordinary shareholders - diluted
$0.38
$0.30
$0.24
$0.24
Balance sheet
NatWest Group plc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and balances at central banks
$85.2B
$93.0B
$104.3B
$144.8B
Trading assets
$46.5B
$48.9B
$45.6B
$45.6B
Derivatives
$60.8B
$78.4B
$78.9B
$99.5B
Settlement balances
$645.0M
$2.1B
$7.2B
$2.6B
Loans to banks - amortised cost
$7.0B
$6.0B
$6.9B
$7.1B
Loans to customers - amortised cost
$418.9B
$400.3B
$381.4B
$366.3B
Securities subject to repurchase agreements
$19.9B
$13.6B
$8.8B
$2.9B
Other financial assets excluding securities subject to repurchase agreements
$59.9B
$49.7B
$42.3B
$28.0B
Other financial assets
$79.8B
$63.2B
$51.1B
$30.9B
Intangible assets
$7.3B
$7.6B
$7.6B
$7.1B
Other assets
$8.5B
$8.4B
$8.8B
$9.2B
Total assets
$714.6B
$708.0B
$692.7B
$720.1B
Bank deposits
$44.1B
$31.5B
$22.2B
$20.4B
Customer deposits
$443.0B
$433.5B
$431.4B
$450.3B
Settlement balances
$942.0M
$1.7B
$6.6B
$2.0B
Trading liabilities
$49.0B
$54.7B
$53.6B
$52.8B
Derivatives
$54.0B
$72.1B
$72.4B
$94.0B
Other financial liabilities
$67.6B
$61.1B
$55.1B
$49.1B
Subordinated liabilities
$6.1B
$6.1B
$5.7B
$6.3B
Notes in circulation
$3.2B
$3.3B
$3.2B
$3.2B
Other liabilities
$4.0B
$4.6B
$5.2B
$5.3B
Total liabilities
$671.9B
$668.6B
$655.5B
$683.6B
Ordinary shareholders' interests
$38.0B
$34.1B
$33.3B
$32.6B
Other owners' interests
$4.6B
$5.3B
$3.9B
$3.9B
Owners' equity
$42.6B
$39.4B
$37.2B
$36.5B
Non-controlling interests
$14.0M
$28.0M
$31.0M
$8.0M
Total equity
$42.6B
$39.4B
$37.2B
$36.5B
Total liabilities and equity
$714.6B
$708.0B
$692.7B
$720.1B
NatWest Group plc balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Cash and balances at central banks
$76.7B
$90.7B
$115.8B
$123.0B
Trading assets
$47.4B
$56.7B
$46.0B
$48.9B
Derivatives
$63.2B
$73.0B
$67.5B
$81.9B
Settlement balances
$10.0B
$8.2B
$6.3B
$11.3B
Loans to banks - amortised cost
$7.3B
$7.4B
$6.0B
$7.3B
Loans to customers - amortised cost
$435.9B
$407.1B
$379.3B
$373.9B
Other financial assets
$86.6B
$71.8B
$52.6B
$35.5B
Other assets (including intangible assets)
$18.3B
$8.3B
$8.3B
$8.7B
Total assets
$745.4B
$730.8B
$690.3B
$702.6B
Bank deposits
$50.0B
$38.1B
$25.6B
$21.7B
Customer deposits
$448.6B
$436.8B
$433.0B
$432.5B
Settlement balances
$10.0B
$9.5B
$7.1B
$10.3B
Trading liabilities
$50.6B
$58.8B
$54.2B
$56.2B
Derivatives
$56.3B
$66.0B
$60.8B
$77.2B
Other financial liabilities
$72.0B
$65.9B
$58.3B
$55.7B
Subordinated liabilities
$6.6B
$6.0B
$6.0B
$6.0B
Notes in circulation
$3.1B
$3.3B
$3.3B
$3.2B
Other liabilities
$4.3B
$4.3B
$4.5B
$4.9B
Total liabilities
$701.5B
$688.8B
$652.8B
$667.8B
Ordinary shareholders' interests
$38.7B
$35.9B
$32.8B
$30.9B
Other owners' interests
$5.1B
$6.0B
$4.7B
$3.9B
Owners' equity
$43.8B
$42.0B
$37.5B
$34.8B
Non-controlling interests
$10.0M
$18.0M
$42.0M
$40.0M
Total equity
$43.8B
$42.0B
$37.6B
$34.8B
Total liabilities and equity
$745.4B
$730.8B
$690.3B
$702.6B
Cash flow statement
NatWest Group plc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Operating profit before tax from continuing operations
$7.7B
$6.2B
$6.2B
$5.1B
Non-cash and other items
$184.0M
$4.4B
$3.2B
—
Change in operating assets and liabilities
$972.0M
($7.3B)
($25.7B)
—
Income taxes paid
($1.8B)
($1.6B)
($1.0B)
($1.2B)
Net cash flows from operating activities
$7.1B
$1.8B
($17.4B)
($43.6B)
Sale and maturity of other financial assets
$46.8B
$41.6B
$25.2B
$37.0B
Purchase of other financial assets
($62.0B)
($54.0B)
($44.9B)
($23.5B)
Income received on other financial assets
$2.5B
$1.8B
$1.1B
$659.0M
Net movement in business interests and intangible assets
($368.0M)
($1.9B)
$4.6B
$5.4B
Sale of property, plant and equipment
$60.0M
$198.0M
$128.0M
$154.0M
Purchase of property, plant and equipment
($665.0M)
($464.0M)
($811.0M)
($639.0M)
Net cash flows from investing activities
($13.8B)
($12.7B)
($14.7B)
$19.1B
Issue of paid-in equity
$1.2B
$1.4B
—
—
Redemption of paid-in equity
($2.0B)
—
—
—
Issue of subordinated liabilities
$828.0M
$1.4B
$611.0M
—
Redemption of subordinated liabilities
($1.0B)
($999.0M)
($1.3B)
—
Interest paid on subordinated liabilities
($267.0M)
($459.0M)
($439.0M)
—
Issue of MRELs
$4.9B
$5.1B
$4.0B
—
Maturity and redemption of MRELs
($3.2B)
($2.9B)
($4.2B)
—
Interest paid on MRELs
($1.0B)
($885.0M)
($844.0M)
—
Purchase of non - controlling interest
($21.0M)
—
—
—
Shares repurchased
-579.0M
-2.7B
-2.4B
-2.1B
Dividends paid
($2.4B)
($1.8B)
($1.7B)
($3.2B)
Net cash flows from financing activities
($3.5B)
($1.9B)
($6.3B)
($10.7B)
Effects of exchange rate changes on cash and cash equivalents
$775.0M
($1.2B)
($1.2B)
$2.9B
Net decrease in cash and cash equivalents
($9.4B)
($14.0B)
($39.6B)
($32.3B)
Cash and cash equivalents at 1 January
$104.8B
$118.8B
$158.4B
$190.7B
Cash and cash equivalents at 31 December
$95.4B
$104.8B
$118.8B
—
NatWest Group plc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Operating profit before tax
$4.3B
$3.6B
$3.0B
—
Adjustments for non-cash and other items
$774.0M
$350.0M
$2.3B
$2.1B
Net cash flows from trading activities
$5.1B
$3.9B
$5.3B
$5.6B
Changes in operating assets and liabilities
$1.2B
$2.1B
$9.6B
($17.4B)
Net cash flows from operating activities before tax
$6.3B
$6.0B
$14.9B
($11.8B)
Income taxes paid
($1.1B)
($906.0M)
($877.0M)
($631.0M)
Net cash flows from operating activities
$5.2B
$5.1B
$14.1B
($12.4B)
Net cash flows from investing activities
($7.4B)
($7.9B)
($1.5B)
($2.8B)
Net cash flows from financing activities
($4.0B)
$418.0M
($2.4B)
($3.3B)
Effects of exchange rate changes on cash and cash equivalents