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NatWest Group (NWG) Q3 2025 earnings results (third quarter 2025)
6-K filed Oct 24, 2025
NatWest Group (NWG) reported revenue of $4.3B for the third quarter 2025 (Q3 2025), +16% from a year earlier. Operating margin was 50.4%, net earnings $1.7B (38.8% of revenue).
NatWest Group, Q3 2025: revenue $4.3B (+16% year over year), operating margin 50.4%, net earnings $1.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | — | +16% |
| Operating profit | $2.2B | — | +30% |
| Net earnings | $1.7B | — | +34% |
What changed
Revenue was £4.3B in Q3 2025, up 16% year over year.
Operating profit was £2.2B, a 50.4% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 86% reached operating profit, above the 45% margin then. Total costs grew 4% against revenue growth of 16%. Net earnings were £1.7B, up 34% year over year. The effective tax rate was 23.0%.
Questions
What was NatWest Group's revenue in the third quarter 2025?
NatWest Group (NWG) reported revenue of $4.3B for the third quarter 2025 (Q3 2025), +16% from a year earlier.
Was NatWest Group profitable in the third quarter 2025?
Operating profit was $2.2B (50.4% of revenue) and net earnings $1.7B.
Source: NatWest Group 6-K on SEC EDGAR.