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ING Groep NV vs NatWest Group: ING and NWG compared
ING Groep NV is the larger company: $11.7B of revenue in its latest quarter (H1 2026) against $4.6B for NatWest Group (Q3 2026). NatWest Group is growing faster (+7% against -6% a year earlier). ING Groep NV is more profitable, with an operating margin of 100.0% against 48.0%.
Where the money goes: ING and NWG
ING Groep NV (ING) · H1 2026
ING Groep NV, H1 2026: revenue $11.7B (-6% year over year), operating margin 100.0%, net earnings $3.2B, operating cash flow $15.2B. 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.
| ING Groep NV (ING) | NatWest Group (NWG) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $11.7B | $4.6B |
| Revenue growth, Y/Y | -6% | +7% |
| Operating margin | 100.0% | 48.0% |
| Net earnings | $3.2B | $1.6B |
| Net margin | 27.3% | 34.8% |
| Operating cash flow | $15.2B | — |
| Free cash flow | $14.9B | — |
Questions
Which is bigger, ING Groep NV or NatWest Group?
ING Groep NV is the larger company: $11.7B of revenue in its latest quarter (H1 2026) against $4.6B for NatWest Group (Q3 2026).
Is ING Groep NV or NatWest Group growing faster?
NatWest Group is growing faster (+7% against -6% a year earlier).
Which is more profitable, ING Groep NV or NatWest Group?
ING Groep NV is more profitable, with an operating margin of 100.0% against 48.0%.
More: ING Groep NV earnings · how ING Groep NV makes money · NatWest Group earnings · how NatWest Group makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Jul 30, 2026; 6-K filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.