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    N

    Natwest Group PLC (NWG)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NYSE

    $17.48
    -0.12 (-0.68%)

    Market Cap: $69.68B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    93%(26/28)
    Avg Surprise
    +419.59%
    Streak
    11 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.52
    Range$0.52 - $0.52
    1 analysts
    EPS Revisions
    1
    0
    7d
    1
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.52-1.2%
    60d ago$0.52-1.2%
    30d ago$0.52+0.1%
    7d ago$0.51+0.6%
    Current$0.52
    Revenue Consensus
    $4.6B
    Range$4.6B - $4.7B
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.52
    Range$0.52 - $0.52
    1 analysts
    Revenue Consensus
    $4.8B
    Range$4.6B - $5.0B
    16 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.52---
    Sep 26EST
    		-$0.52---
    Jun 26
    Reported Jul 31
    		$0.54$0.45+20.00%Beat+31.7%
    Mar 26
    Reported May 1
    		$0.49$0.45+8.89%Beat+19.5%
    Dec 25
    Reported Feb 13
    		$0.47$0.39+20.51%Beat+23.7%
    Sep 25
    Reported Oct 24
    		$0.53$0.53+0.00%Beat-98.2%
    Jun 25
    Reported Jul 25
    		$0.41$0.41+0.00%Beat+17.1%
    Mar 25
    Reported May 2
    		$0.41$0.34+20.59%Beat+57.7%
    Dec 24
    Reported Feb 14
    		$0.38$0.26+46.15%Beat-98.7%
    Sep 24
    Reported Oct 25
    		$29.18$0.29+9962.07%Beat+10707.4%
    Jun 24
    Reported Jul 26
    		$0.35$0.24+45.83%Beat+29.6%
    Mar 24
    Reported Apr 26
    		$0.26$0.23+13.04%Beat-21.6%
    Dec 23
    Reported Feb 16
    		$30.36$15.87+91.30%Beat+9854.1%
    Sep 23
    Reported Oct 27
    		$0.27$0.28-3.57%Miss-85.8%
    Jun 23
    Reported Jul 28
    		$0.27$0.27+0.00%Beat+10.9%
    Mar 23
    Reported Apr 28
    		$0.33$0.26+25.40%Beat+76.2%
    Dec 22
    Reported Feb 17
    		$0.30N/AN/ABeat+195.5%
    Sep 22
    Reported Oct 28
    		$1.90$0.13+1361.54%Beat+1095.0%
    Jun 22
    Reported Jul 29
    		$0.24$0.16+56.43%Beat-17.4%
    Mar 22
    Reported Apr 29
    		$0.19$0.13+42.33%Beat+32.4%
    Dec 21
    Reported Feb 18
    		$0.10$0.08+27.09%Beat+509.5%
    Sep 21
    Reported Oct 29
    		$0.16$0.12+32.06%Beat+1132.6%
    Jun 21
    Reported Jul 30
    		$0.29$0.17+76.21%Beat+236.9%
    Mar 21
    Reported Apr 29
    		$0.14$0.09+65.73%Beat+136.2%
    Dec 20
    Reported Feb 19
    		$-0.03$-0.03+16.00%Beat-108.3%
    Sep 20
    Reported Oct 30
    		$0.01N/A+146.91%Beat-89.6%
    Jun 20
    Reported Jul 31
    		$-0.22$-0.05-330.60%Miss-185.9%
    Mar 20
    Reported May 1
    		$0.06$0.06+0.33%Beat-57.7%
    Dec 19
    Reported Feb 14
    		$0.30$0.30+0.63%Beat+86.9%
    Sep 19
    Reported Oct 24
    		$0.12$0.12+3.50%Beat+39.4%
    Jun 19
    Reported Aug 2
    		$0.25$0.25+0.20%Beat+40.6%
    Mar 19
    Reported Apr 26
    		$0.14N/AN/ABeat-16.9%
    Dec 18
    Reported Feb 28
    		$0.16N/AN/ABeat+104.9%
    Sep 18
    Reported Oct 26
    		$0.09N/AN/ABeat-38.7%
    Jun 18
    Reported Aug 3
    		$0.18N/AN/ABeat-20.9%
    Mar 18
    Reported Apr 27
    		$0.17N/AN/ABeat-0.9%
    Dec 17
    Reported Feb 23
    		$0.08N/AN/ABeat-52.0%
    Sep 17
    Reported Oct 27
    		$0.15N/AN/ABeat-
    Jun 17
    Reported Aug 4
    		$0.23N/AN/ABeat-
    Mar 17
    Reported Apr 28
    		$0.17N/AN/ABeat-
    Dec 16
    Reported Feb 24
    		$0.16N/AN/ABeat-

    Dividends

    Dividend Metrics

    Forward Yield5.40%
    Forward Annual Dividend$0.94
    Payout Ratio22.43%
    FrequencySemi-Annual
    Pay MonthsMay, Sep

    Growth

    3Y CAGR-2.66%
    NWG dividend history and ex-dividend datesRun NWG in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio8.61EV/EBITDAN/A
    Price/FCF0.96xFCF Yield103.87%
    Profitability
    Profit Margin37.70%Operating Margin53.00%
    ROE14.80%ROICN/A
    Financial Health
    Debt/EquityN/AInterest Coverage0.64x
    Current Ratio0.19xQuick Ratio0.19x
    Trading Statistics
    Beta0.82Avg Volume4.21M
    52-Week High$19.2152-Week Low$13.51

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$17.43
    SMA 20$17.86
    SMA 50$18.36
    SMA 200$16.75
    EMA 10$17.54
    EMA 20$17.77
    EMA 50$17.97
    EMA 200$16.80

    MACD

    Line: -0.28Signal: -0.27Hist: -0.02

    ADX

    ADX: 21.1+DI: 29.2-DI: 31.9

    Aroon & PSAR

    Aroon Up28.0
    Aroon Down80.0
    PSAR$18.12

    Bollinger Bands

    Upper Band$18.96
    Lower Band$16.76
    %B Position1233%(Upper)
    Band Width0.33

    RSI (14-Day)

    Neutral
    43.0

    Momentum Oscillators

    Stoch %K41.4
    Stoch %D34.8
    Williams %R-64.4
    ROC (10d)0.5%
    Momentum0.08
    CCI (20d)-32.4
    MFI (14d)43.3

    Volatility Measures

    ATR (14d)$0.41(2.4%)
    StdDev (20d)0.55
    Hist Vol27.9%(Moderate)

    Volume Flow

    VWAP$17.62
    OBV32.5M
    AD Line-7.4B
    CMF (20d)0.054

    Volume Metrics

    Avg Vol (20d)4.3M
    Vol Ratio2.2x(High)
    VWMA (20d)$17.75

    Pivot Points

    R3$17.91
    R2$17.78
    R1$17.69
    Pivot Point$17.57
    S1$17.48
    S2$17.35
    S3$17.26

    Advanced Oscillators

    TSI-16.79
    Ultimate Osc49.2
    KST-58.10

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$7.86B$7.38B$7.39B$7.55B$7.25B$7.27B$7.26B$7.29B$7.13B$6.88B$6.88B$6.39B
    Cost of Revenue$3.28B$3.03B$3.10B$3.21B$3.26B$3.29B$3.48B$3.54B$3.48B$3.40B$3.32B$2.90B
    Gross Profit$4.58B$4.36B$4.29B$4.33B$3.99B$3.98B$3.77B$3.74B$3.65B$3.48B$3.56B$3.49B
    Operating Expenses$2.28B$2.33B$2.35B$2.15B$2.22B$2.17B$2.28B$2.07B$1.95B$2.15B$2.31B$2.16B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$1.37B$368.00M$440.00M$323.00M$337.00M$320.00M$383.00M$307.00M$322.00M$400.00M$458.00M$400.00M
    Operating Income$2.30B$2.03B$1.94B$2.18B$1.77B$1.81B$1.49B$1.67B$1.70B$1.33B$1.26B$1.33B
    Interest Income$6.62B$6.42B$6.54B$6.48B$6.36B$6.32B$6.45B$6.44B$6.24B$6.05B$5.96B$5.59B
    Interest Expense$3.14B$3.03B$3.10B$3.21B$3.26B$3.29B$3.48B$3.54B$3.48B$3.40B$3.32B$2.90B
    Income Before Tax$2.30B$2.03B$1.94B$2.18B$1.77B$1.81B$1.49B$1.67B$1.70B$1.33B$1.26B$1.33B
    Income Tax Expense$615.18M$526.00M$462.00M$502.00M$439.00M$471.00M$233.00M$431.00M$462.00M$339.00M$-5,000,000$378.00M
    Net Income$1.69B$1.50B$1.48B$1.68B$1.33B$1.34B$1.33B$1.25B$1.25B$978.00M$1.29B$927.00M
    EBITDA$2.30B$2.31B$2.24B$2.48B$2.06B$2.08B$1.80B$1.92B$1.93B$1.60B$1.51B$1.55B
    EBITN/A$2.03B$1.94B$2.18B$1.77B$1.81B$1.49B$1.67B$1.70B$1.33B$1.26B$1.33B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Smarter money, simpler payments: what comes next?

    Lee McNabb, Head of Digital Assets at NatWest Group, discusses the evolving landscape of digital assets and payments. He highlights the progression of digital assets from experimentation to mainstream adoption...

    NatWest Group•10/16/26•Bullish

    How corporate-academic partnerships can drive the innovation economy

    NatWest Group and Oxford University have launched a new partnership to support the innovation economy in Oxfordshire, bringing together research, entrepreneurship...

    NatWest Group•10/15/26•Neutral

    REG - NatWest Group plc - NatWest Group plc Pricing of Securities

    NatWest Group plc (NWG) has completed the pricing of its USD 1 billion 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2032. The proceeds will be used for NWG’s general banking business...

    TradingView•10/14/26•Neutral

    A 5.908% rate accompanies NatWest Group (NWG)'s $1B offering of notes due in 2032.

    NatWest Group plc (NWG) has priced a $1 billion offering of 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due in 2032. The proceeds will be used for NWG's general banking business...

    Stock Titan•10/14/26•Neutral

    Natwest Group PLC - Files For Offering Of $1 Billion 5.908% Senior Callable Fixed-To-Fixed Reset Rate Notes Due 2032

    Natwest Group PLC has filed for an offering of $1 billion in 5.908% Senior Callable Fixed-To-Fixed Reset Rate Notes due in 2032. This announcement indicates the bank's intent to raise capital through debt financing....

    TradingView•10/13/26•Neutral

    NWG Valuation and Fair Value

    P/E
    8.6x
    Forward P/E
    8.5x
    P/FCF
    1.0x
    PEG
    1.5x
    P/B
    0.6x
    See GNG's fair value

    NWG Profitability: Margins, ROIC and FCF

    Gross margin
    58.2%
    Operating margin
    53.0%
    Net margin
    37.7%
    ROE
    14.8%
    FCF yield
    103.9%

    NWG Competitors

    CompanyTicker
    Brookfield Asset Management Ltd.BAM
    Apollo Global Management LLC Class AAPO
    Manulife Financial CorpMFC
    MetLife IncMET
    Nu Holdings LtdNU
    Deutsche Bank AGDB
    Barclays PLC ADRBCS
    Arthur J Gallagher & CoAJG

    Sector: Financial Services

    NWG Analyst Ratings

    Consensus
    Buy
    Analysts
    4
    Strong Buy
    1
    Buy
    2
    Hold
    1
    Sell
    0
    Strong Sell
    0

    NWG Bull Case vs Bear Case

    Bull case

    • NWG has a 37.7% net profit margin.
    • NWG beat EPS estimates in 75.0% of its last 8 reported quarters.
    • NWG grew quarterly revenue 14.5% year over year.

    NWG Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    1259.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.52
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 0 down

    NWG Dividend

    Forward yield
    5.4%
    Payout ratio
    22.4%
    3Y DPS growth
    -2.7%
    Pay months
    May, Sep
    NWG dividend history

    Frequently Asked Questions About NWG

    What is NWG's current dividend yield?

    Natwest Group PLC (NWG) has a forward dividend yield of 5.40%.

    Does NWG pay dividends?

    Yes, Natwest Group PLC pays dividends with a forward dividend yield of 5.40%.

    What is NWG's P/E ratio?

    Natwest Group PLC has a price-to-earnings (P/E) ratio of 8.61.

    What is NWG's market cap?

    Natwest Group PLC (NWG) has a market capitalization of $69.68B with a current stock price of $17.48.

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