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NatWest Group (NWG) Q3 2026 vs Q2 2026 (quarter over quarter)

NatWest Group's revenue rose $136M (+3%) from $4.5B in Q2 2026 to $4.6B in Q3 2026. Operating margin 48.0% against 50.7% (-2.8 pts).

NatWest Group, Q3 2026: revenue $4.6B (+7% year over year), operating margin 48.0%, net earnings $1.6B. The chart draws each line against Q2 2026, the increases inside each band.

NatWest Group: what changed, Q3 2026 vs Q2 2026NatWest Group: what changed, Q3 2026 vs Q2 2026Costs & expenses$196MOperating profit−$60.0MPre-tax earnings−$60.0MNet earnings−$58.0MIncome tax−$2.0M

Margins

Q3 2026Q2 2026Change
Operating margin48.0%50.7%-2.8 pts
Net margin34.8%37.1%-2.3 pts

Every line

LineQ3 2026Q2 2026Change%
Revenue$4.6B$4.5B$136M+3%
Operating profit$2.2B$2.3B−$60.0M-3%
Costs & expenses$2.4B$2.2B$196M+9%
Pre-tax earnings$2.2B$2.3B−$60.0M-3%
Net earnings$1.6B$1.7B−$58.0M-3%
Income tax$610M$612M−$2.0M-0.3%

Questions

How much did NatWest Group's revenue grow quarter over quarter in Q3 2026?

NatWest Group's revenue rose $136M (+3%) from $4.5B in Q2 2026 to $4.6B in Q3 2026. Operating margin 48.0% against 50.7% (-2.8 pts).

Q3 2026 results → · Compare in the interactive Sankey →