What is the current annual operating margin of NWG?

As of today, NWG annual operating margin is 25.76%

What is 1-year change in NWG annual operating margin?

NWG annual operating margin is up +17.36% year-over-year

What is 3-year change in NWG annual operating margin?

NWG annual operating margin is down -21.96% over the past 3 years

How far is NWG annual operating margin from its all-time high?

NWG annual operating margin is currently -23.61% below its historical high of 33.72% set on December 1, 2018

How does NWG annual operating margin rank versus sector peers?

NWG annual operating margin is higher than 65.45% of companies in Financial Services sector

When is NWG next annual earnings release?

As of today, the next annual earnings release for NWG has not been scheduled

What is the current quarterly operating margin of NWG?

As of today, NWG quarterly operating margin is 29.21%

What is NWG quarterly operating margin most recent change?

NWG quarterly operating margin was up +8.99% on June 30, 2026

What is 1-year change in NWG quarterly operating margin?

NWG quarterly operating margin is up +17.88% year-over-year

How far is NWG quarterly operating margin from its all-time high?

NWG quarterly operating margin is currently -36.26% below its historical high of 45.83% set on June 30, 2021

How does NWG quarterly operating margin rank versus sector peers?

NWG quarterly operating margin is higher than 65.62% of companies in Financial Services sector

When is NWG next earnings release?

The next earnings release for NWG is on October 30, 2026

NWG Operating Margin History & Chart Since 1981

Annual Operating Margin

25.76%3.81%+17.36%

December 31, 2025

Summary

Current Value: As of today, NWG annual operating margin is 25.76%, up +17.36% on December 31, 2025
Historical Performance: NWG annual operating margin is down -21.96% over the past 3 years, up +431.13% over the past 5 years
All-Time High Comparison: NWG annual operating margin is currently -23.61% below its historical high of 33.72% set on December 1, 2018
3-Year Low Comparison: NWG annual operating margin is +17.36% above its 3-year low of 21.95% reached on December 31, 2024
Sector Comparison: NWG annual operating margin is higher than 65.45% of companies in Financial Services sector

Operating Margin Chart

beforeafter

Performance

NWG Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	25.76%	+17.4%	-22.0%	+431.1%	+1753.2%
Quarterly Operating Margin	Jun 30, 26	29.21%	+17.9%	+1.7%	-36.3%	+3021.0%
Price	Aug 10, 26	$19.19	+35.4%	+219.8%	+196.3%	+129.2%
PE Ratio	Aug 10, 26	9.59	+4.6%	+51.3%	-32.9%	–
Annual Revenue	Dec 31, 25	$39.90B	+6.5%	+92.6%	+123.0%	-39.3%
Annual Operating Profit	Dec 31, 25	$10.16B	+23.4%	+48.5%	+1070.1%	+1007.7%
Annual Gross Margin	Dec 31, 25	0.00%	0.0%	0.0%	0.0%	0.0%
Annual Net Margin	Dec 31, 25	18.11%	+19.5%	-15.6%	+377.8%	+845.3%

Operating Margin Highs

NWG Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	33.01%	N/A	-22.0%
5Y	33.05%	Dec 31, 21	-22.1%
All	33.72%	Dec 1, 18	-23.6%

Operating Margin Lows

NWG Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	21.95%	Dec 31, 24	+17.4%
5Y	4.85%	N/A	+431.1%
All	-34.28%	Dec 1, 13	+175.2%

Operating Margin History

Year	Value	Change
2025	25.76%	+17.4%
2024	21.95%	-14.8%
2023	25.76%	-22.0%
2022	33.01%	-0.1%
2021	33.05%	+581.4%
2020	4.85%	-81.6%
2019	26.43%	-21.6%
2018	33.72%	+12.0%
2017	30.10%	+23.3%
2016	24.41%	-20.2%
2015	30.59%	+1.7%
2014	30.09%	+187.8%
2013	-34.28%	-142.4%
2012	-14.14%	-406.7%
2011	4.61%	+231.7%
2010	1.39%	+115.6%
2009	-8.89%	+30.2%
2008	-12.73%	-176.6%
2007	16.61%	-20.9%
2006	21.00%	-1.0%
2005	21.22%	-8.2%
2004	23.11%	-12.8%
2003	26.50%	+2.6%

Year	Value	Change
2002	25.83%	+10.8%
2001	23.31%	+35.3%
2000	17.23%	+5.5%
1999	16.33%	+16.0%
1998	14.08%	+4.9%
1997	13.42%	-43.9%
1996	23.94%	+5.2%
1995	22.75%	+3.2%
1994	22.04%	+129.6%
1993	9.60%	+515.4%
1992	1.56%	-22.4%
1991	2.01%	-66.6%
1990	6.01%	-36.2%
1989	9.42%	-27.5%
1988	13.00%	+7.7%
1987	12.07%	+39.5%
1986	8.65%	-8.4%
1985	9.44%	-14.7%
1984	11.07%	+41.7%
1983	7.81%	+14.0%
1982	6.85%	-30.5%
1981	9.86%	-

FAQ

What is the current annual operating margin of NWG?: As of today, NWG annual operating margin is 25.76%
What is 1-year change in NWG annual operating margin?: NWG annual operating margin is up +17.36% year-over-year
What is 3-year change in NWG annual operating margin?: NWG annual operating margin is down -21.96% over the past 3 years
How far is NWG annual operating margin from its all-time high?: NWG annual operating margin is currently -23.61% below its historical high of 33.72% set on December 1, 2018
How does NWG annual operating margin rank versus sector peers?: NWG annual operating margin is higher than 65.45% of companies in Financial Services sector
When is NWG next annual earnings release?: As of today, the next annual earnings release for NWG has not been scheduled

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

29.21%2.41%+8.99%

June 30, 2026

Summary

Current Value: As of today, NWG quarterly operating margin is 29.21%, up +8.99% on June 30, 2026
Historical Performance: NWG quarterly operating margin is up +17.88% year-over-year, up +1.71% over the past 3 years
All-Time High Comparison: NWG quarterly operating margin is currently -36.26% below its historical high of 45.83% set on June 30, 2021
3-Year Low Comparison: NWG quarterly operating margin is +63.18% above its 3-year low of 17.90% reached on December 31, 2023
Sector Comparison: NWG quarterly operating margin is higher than 65.62% of companies in Financial Services sector

Performance

NWG Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 30, 26	29.21%	+9.0%	+17.9%	+1.7%	-36.3%
Annual Operating Margin	Dec 31, 25	25.76%	–	+17.4%	-22.0%	+431.1%
Price	Aug 10, 26	$19.19	+21.2%	+35.4%	+219.8%	+196.3%
PE Ratio	Aug 10, 26	9.59	+13.2%	+4.6%	+51.3%	-32.9%
Quarterly Revenue	Jun 30, 26	$10.50B	+2.7%	+5.5%	+36.0%	+139.1%
Quarterly Operating Profit	Jun 30, 26	$3.07B	+12.0%	+24.4%	+38.3%	+52.4%
Quarterly Gross Margin	Jun 30, 26	0.00%	0.0%	0.0%	0.0%	0.0%
Quarterly Net Margin	Jun 30, 26	20.41%	+7.9%	+22.9%	+8.3%	-48.3%

Quarterly Operating Margin Highs

NWG Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	29.21%	Jun 30, 26	at high
3Y	29.21%	Jun 30, 26	at high
5Y	45.83%	N/A	-36.3%
All	45.83%	Jun 30, 21	-36.3%

Quarterly Operating Margin Lows

NWG Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	24.78%	N/A	+17.9%
3Y	17.90%	Dec 31, 23	+63.2%
5Y	17.22%	Dec 31, 21	+69.6%
All	-343.13%	Dec 1, 13	+108.5%

Quarterly Operating Margin History

Month	Value	Change
Jun 2026	29.21%	+9.0%
Mar 2026	26.80%	+5.1%
Dec 2025	25.50%	-9.7%
Sep 2025	28.24%	+14.0%
Jun 2025	24.78%	+2.0%
Mar 2025	24.30%	+22.0%
Dec 2024	19.92%	-10.6%
Sep 2024	22.28%	-4.2%
Jun 2024	23.25%	+23.3%
Mar 2024	18.85%	+5.3%
Dec 2023	17.90%	-11.8%
Sep 2023	20.30%	-29.3%
Jun 2023	28.72%	-11.0%
Mar 2023	32.28%	+14.1%
Dec 2022	28.29%	+12.6%
Sep 2022	25.13%	-29.1%
Jun 2022	35.45%	+3.1%
Mar 2022	34.38%	+99.7%
Dec 2021	17.22%	-42.6%
Sep 2021	29.98%	-34.6%
Jun 2021	45.83%	+63.1%
Mar 2021	28.10%	>+9,900.0%
Dec 2020	-0.20%	-101.9%
Sep 2020	10.45%	+128.5%
Jun 2020	-36.73%	-388.5%
Mar 2020	12.73%	-57.6%
Dec 2019	29.99%	+4,265.3%
Sep 2019	-0.72%	-102.2%
Jun 2019	33.17%	+30.8%
Mar 2019	25.36%	+71.0%
Dec 2018	14.83%	-30.7%
Sep 2018	21.41%	+45.3%
Jun 2018	14.74%	-51.6%

Month	Value	Change
Mar 2018	30.43%	+306.0%
Dec 2017	-14.77%	-165.4%
Sep 2017	22.58%	-20.1%
Jun 2017	28.27%	+57.1%
Mar 2017	17.99%	+118.8%
Dec 2016	-95.53%	-1,660.9%
Sep 2016	6.12%	+148.8%
Jun 2016	-12.53%	-212.2%
Mar 2016	11.17%	+120.8%
Dec 2015	-53.74%	-4,298.4%
Sep 2015	1.28%	-92.7%
Jun 2015	17.51%	+2,061.7%
Mar 2015	0.81%	+106.6%
Dec 2014	-12.21%	-154.6%
Sep 2014	22.38%	+39.5%
Jun 2014	16.04%	-36.9%
Mar 2014	25.41%	+107.4%
Dec 2013	-343.13%	-3,224.9%
Sep 2013	-10.32%	-178.2%
Jun 2013	13.20%	+70.3%
Mar 2013	7.75%	+111.8%
Dec 2012	-65.84%	-368.3%
Sep 2012	-14.06%	-102.9%
Jun 2012	-6.93%	+71.2%
Mar 2012	-24.03%	-10.2%
Dec 2011	-21.81%	-207.5%
Sep 2011	20.29%	+2,129.0%
Jun 2011	-1.00%	-212.5%
Mar 2011	-0.32%	+80.7%
Dec 2010	-1.66%	+85.5%
Sep 2010	-11.45%	-223.5%
Jun 2010	9.27%	+168.7%
Mar 2010	3.45%	-

FAQ

What is the current quarterly operating margin of NWG?: As of today, NWG quarterly operating margin is 29.21%
What is NWG quarterly operating margin most recent change?: NWG quarterly operating margin was up +8.99% on June 30, 2026
What is 1-year change in NWG quarterly operating margin?: NWG quarterly operating margin is up +17.88% year-over-year
How far is NWG quarterly operating margin from its all-time high?: NWG quarterly operating margin is currently -36.26% below its historical high of 45.83% set on June 30, 2021
How does NWG quarterly operating margin rank versus sector peers?: NWG quarterly operating margin is higher than 65.62% of companies in Financial Services sector
When is NWG next earnings release?: The next earnings release for NWG is on October 30, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

NWG Official Website www.natwestgroup.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/844150/000110465926016245/0001104659-26-016245-index.htm
NWG Profile on Yahoo Finance finance.yahoo.com/quote/NWG
NWG Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nwg