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Filing Flows › NatWest Group (NWG) › Q2 2026 › vs Q1 2026

NatWest Group (NWG) Q2 2026 vs Q1 2026 (quarter over quarter)

NatWest Group's revenue rose $146M (+3%) from $4.4B in Q1 2026 to $4.5B in Q2 2026. Operating margin 50.7% against 46.6% (+4.1 pts).

NatWest Group, Q2 2026: revenue $4.5B (+23% year over year), operating margin 50.7%, net earnings $1.7B. The chart draws each line against Q1 2026, the increases inside each band.

NatWest Group: what changed, Q2 2026 vs Q1 2026NatWest Group: what changed, Q2 2026 vs Q1 2026Operating profit$252MPre-tax earnings$252MNet earnings$166MCosts & expenses−$106MIncome tax$86.0M

Margins

Q2 2026Q1 2026Change
Operating margin50.7%46.6%+4.1 pts
Net margin37.1%34.6%+2.6 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$4.5B$4.4B$146M+3%
Operating profit$2.3B$2.0B$252M+12%
Costs & expenses$2.2B$2.3B−$106M-5%
Pre-tax earnings$2.3B$2.0B$252M+12%
Net earnings$1.7B$1.5B$166M+11%
Income tax$612M$526M$86.0M+16%

Questions

How much did NatWest Group's revenue grow quarter over quarter in Q2 2026?

NatWest Group's revenue rose $146M (+3%) from $4.4B in Q1 2026 to $4.5B in Q2 2026. Operating margin 50.7% against 46.6% (+4.1 pts).

Q2 2026 results → · Compare in the interactive Sankey →