Natwest Group PLC
Registered name: NATWEST GROUP PLC
Natwest Group PLC made £16.6bn revenue and £5.8bn profit in the year to 31 Dec 2025.
Natwest Group PLC’s revenue was £16.6bn in the year to 31 Dec 2025, with £5.8bn profit and 59,300 employees. The company is classified under “activities of financial services holding companies”.
- Status
- Active
- Location
- Scotland
- Age
- 58 yrs · since 1968
- Type
- Public Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2025 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £16.6bn |
| Operating profit | £7.7bn |
| Profit before tax | £7.7bn |
| Profit after tax | £5.8bn |
| Profit (best available) | £5.8bn |
| Employees (average) | 59,300 |
| Ratios | |
| Profit margin | 35.1% |
| Revenue per employee | £281k |
| Profit per employee | £98.4k |
| Balance sheet — indirect signals, not revenue | |
| Net assets | — |
| Source | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 35.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £281k
- Revenue ÷ average employees.
- Profit per employee
- £98.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 59,300
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- Natwest Holdings LimitedRev. £13.5bn · Profit £4.5bn
- Natwest Markets PLCRev. £1.5bn · Profit £275m
- RBS Aa Holdings (UK) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £5.8bn), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.