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Barclays vs NatWest Group: BCS and NWG compared
Barclays is the larger company: $7.2B of revenue in its latest quarter (Q3 2025) against $4.6B for NatWest Group (Q3 2026). Barclays is growing faster (+10% against +7% a year earlier). NatWest Group is more profitable, with an operating margin of 48.0% against 29.0%.
Where the money goes: BCS and NWG
Barclays (BCS) · Q3 2025
Barclays, Q3 2025: revenue $7.2B (+10% year over year), operating margin 29.0%, net earnings $1.7B. The chart follows the revenue to costs, profit and cash.
NatWest Group (NWG) · Q3 2026
NatWest Group, Q3 2026: revenue $4.6B (+7% year over year), operating margin 48.0%, net earnings $1.6B. The chart follows the revenue to costs, profit and cash.
| Barclays (BCS) | NatWest Group (NWG) | |
|---|---|---|
| Latest quarter | Q3 2025 | Q3 2026 |
| Revenue | $7.2B | $4.6B |
| Revenue growth, Y/Y | +10% | +7% |
| Operating margin | 29.0% | 48.0% |
| Net earnings | $1.7B | $1.6B |
| Net margin | 23.9% | 34.8% |
Questions
Which is bigger, Barclays or NatWest Group?
Barclays is the larger company: $7.2B of revenue in its latest quarter (Q3 2025) against $4.6B for NatWest Group (Q3 2026).
Is Barclays or NatWest Group growing faster?
Barclays is growing faster (+10% against +7% a year earlier).
Which is more profitable, Barclays or NatWest Group?
NatWest Group is more profitable, with an operating margin of 48.0% against 29.0%.
More: Barclays earnings · how Barclays makes money · NatWest Group earnings · how NatWest Group makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 22, 2025; 6-K filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.