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How NatWest Group (NWG) makes money
NatWest Group (NWG) made $4.6B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 48¢ was left as operating profit, 35¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.6B | 100.0% |
| Operating profit | $2.2B | 48.0% |
| Income tax | $610M | 13.1% |
| Net earnings | $1.6B | 34.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.6B | +7% |
| Q2 2026 | $4.5B | +23% |
| Q1 2026 | $4.4B | +0.8% |
From NatWest Group's 6-K filed Oct 30, 2026 (on EDGAR).
Questions
How does NatWest Group make money?
NatWest Group (NWG) made $4.6B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 48¢ was left as operating profit, 35¢ was left as net earnings.
What is NatWest Group's profit margin?
Net earnings were $1.6B, 34.8% of revenue, in the third quarter 2026; the operating margin was 48.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.