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NatWest Group vs Esquire Financial Holdings: NWG and ESQ compared
NatWest Group is the larger company: $4.6B of revenue in its latest quarter (Q3 2026) against $61.4M for Esquire Financial Holdings (Q3 2026). Esquire Financial Holdings is growing faster (+63% against +7% a year earlier). NatWest Group is more profitable, with an operating margin of 48.0% against 38.5%.
Where the money goes: NWG and ESQ
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.
Esquire Financial Holdings (ESQ) · Q3 2026
Esquire Financial Holdings, Q3 2026: revenue $61.4M (+63% year over year), operating margin 38.5%, net earnings $17.5M, operating cash flow $13.2M. The chart follows the revenue to costs, profit and cash.
| NatWest Group (NWG) | Esquire Financial Holdings (ESQ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.6B | $61.4M |
| Revenue growth, Y/Y | +7% | +63% |
| Operating margin | 48.0% | 38.5% |
| Net earnings | $1.6B | $17.5M |
| Net margin | 34.8% | 28.5% |
| Operating cash flow | — | $13.2M |
| Free cash flow | — | $13.0M |
| Market value | $69.1B | — |
| P/E | 11.8× | — |
| Analysts’ mean target | $21.15 | — |
Where the revenue comes from
Esquire Financial Holdings
- Net interest income: $53.5M (87%)
- Noninterest income: $7.9M (13%)
Questions
Which is bigger, NatWest Group or Esquire Financial Holdings?
NatWest Group is the larger company: $4.6B of revenue in its latest quarter (Q3 2026) against $61.4M for Esquire Financial Holdings (Q3 2026).
Is NatWest Group or Esquire Financial Holdings growing faster?
Esquire Financial Holdings is growing faster (+63% against +7% a year earlier).
Which is more profitable, NatWest Group or Esquire Financial Holdings?
NatWest Group is more profitable, with an operating margin of 48.0% against 38.5%.
More: NatWest Group earnings · how NatWest Group makes money · Esquire Financial Holdings earnings · how Esquire Financial Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 30, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.