Filing Flows › NatWest Group (NWG) › Q2 2025
NatWest Group (NWG) Q2 2025 earnings results (second quarter 2025)
6-K filed Jul 25, 2025
NatWest Group (NWG) reported revenue of $4.0B for the second quarter 2025 (Q2 2025), +21% from a year earlier and +0.6% from the quarter before. Operating margin was 44.3%, net earnings $1.3B (33.3% of revenue).
NatWest Group, Q2 2025: revenue $4.0B (+21% year over year), operating margin 44.3%, net earnings $1.3B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +0.6% | +21% |
| Operating profit | $1.8B | -2% | +20% |
| Net earnings | $1.3B | -0.6% | +48% |
What changed
Revenue was £4.0B in Q2 2025, up 21% year over year and up 1% from the previous quarter.
Operating profit was £1.8B, a 44.3% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, below the 45% margin then. Total costs grew 22% against revenue growth of 21%. Net earnings were £1.3B, up 48% year over year. The effective tax rate was 24.8%.
Questions
What was NatWest Group's revenue in the second quarter 2025?
NatWest Group (NWG) reported revenue of $4.0B for the second quarter 2025 (Q2 2025), +21% from a year earlier and +0.6% from the quarter before.
Was NatWest Group profitable in the second quarter 2025?
Operating profit was $1.8B (44.3% of revenue) and net earnings $1.3B.
Source: NatWest Group 6-K on SEC EDGAR.