NatWest Group annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
NatWest Group Operating Expenses Growth & History (NWG)
NatWest Group's operating expenses was £8.26B for fiscal 2025.
View full NatWest Group company overviewNatWest Group annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £8.26B | £113.0M | +1.39% |
| 2024 | 2024-12-31 | £8.15B | £153.0M | +1.91% |
| 2023 | 2023-12-31 | £8.00B | £309.0M | +4.02% |
| 2022 | 2022-12-31 | £7.69B | −£71.0M | −0.92% |
| 2021 | 2021-12-31 | £7.76B | −£100.0M | −1.27% |
| 2020 | 2020-12-31 | £7.86B | −£1.42B | −15.32% |
| 2019 | 2019-12-31 | £9.28B | −£365.0M | −3.78% |
| 2018 | 2018-12-31 | £9.64B | −£756.0M | −7.27% |
| 2017 | 2017-12-31 | £10.40B | −£5.79B | −35.77% |
| 2016 | 2016-12-31 | £16.19B | −£159.0M | −0.97% |
| 2015 | 2015-12-31 | £16.35B | — | — |
NatWest Group quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | £2.02B | £49.0M | +2.48% |
| Q1 2026 | 2026-03-31 | £2.03B | — | — |
| Q4 2025 | 2025-12-31 | £2.21B | — | — |
| Q3 2025 | 2025-09-30 | £1.98B | — | — |
| Q2 2025 | 2025-06-30 | £1.97B | — | — |
NatWest Group operating expenses trends
Over the last five fiscal years, NatWest Group's operating expenses increased from £7.86B to £8.26B, a change of £404.0M. The latest reported quarter, Q2 2026, shows £2.02B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review NatWest Group source filings ↗