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Operating Income By Segment
Focuses on income from core business activities in each segment, showing where the company is most successful in generating operating profits.
Commercial & Institutional has become the clear growth engine, driving sustained operating income and helping deliver the upgraded returns management cited; Retail Banking has staged a meaningful rebound and is contributing to core earnings recovery, while Private Banking is steadily improving and likely benefiting from the Evelyn Partners acquisition (adds durable wealth fees/CAL). Central Items & Other remains volatile and can mask the underlying franchise momentum—watch for one-offs. Management’s stronger 2026 guidance and capital targets validate the trend, but Basel 3.1 RWA uplift and remaining issuance/refinancing are near‑term risks to monitor.
NWG Operating Income By Segment
| Date | Retail Banking | Private Banking | Commercial & Institutional | Central Items & Other |
|---|---|---|---|---|
| Sep 30, 2026 | £851.00M | £156.00M | £1.28B | -£67.00M |
| Jun 30, 2026 | £948.00M | £118.00M | £1.25B | -£35.00M |
| Mar 31, 2026 | £781.00M | £94.00M | £1.03B | £128.00M |
| Dec 31, 2025 | £786.00M | £107.00M | £1.04B | £8.00M |
| Sep 30, 2025 | £850.00M | £108.00M | £1.04B | £184.00M |
| Jun 30, 2025 | £735.00M | £102.00M | £964.00M | -£28.00M |
| Mar 31, 2025 | £750.00M | £77.00M | £1.02B | -£35.00M |
| Dec 31, 2024 | £677.00M | £75.00M | £861.00M | -£121.00M |
| Sep 30, 2024 | £656.00M | £90.00M | £1.02B | -£89.00M |
| Jun 30, 2024 | £609.00M | £66.00M | £938.00M | £86.00M |
| Mar 31, 2024 | £489.00M | £33.00M | £769.00M | £39.00M |
| Dec 31, 2023 | £585.00M | -£2.00M | £725.00M | -£51.00M |
| Sep 30, 2023 | £493.00M | £59.00M | £770.00M | £10.00M |
| Jun 30, 2023 | £766.00M | £101.00M | £747.00M | £157.00M |
| Mar 31, 2023 | £794.00M | £133.00M | £994.00M | -£103.00M |
| Dec 31, 2022 | £872.00M | £110.00M | £726.00M | -£282.00M |
| Sep 30, 2022 | £666.00M | £139.00M | £645.00M | -£364.00M |
| Jun 30, 2022 | £719.00M | £105.00M | £712.00M | -£140.00M |
| Mar 31, 2022 | £567.00M | £82.00M | £464.00M | £111.00M |
| Dec 31, 2021 | £385.00M | £110.00M | £426.00M | -£378.00M |
| Sep 30, 2021 | £563.00M | £94.00M | £552.00M | -£233.00M |
| Jun 30, 2021 | £585.00M | £82.00M | £800.00M | £6.00M |
| Mar 31, 2021 | £435.00M | £64.00M | £463.00M | -£110.00M |
| Dec 31, 2020 | £91.00M | £67.00M | £42.00M | -£259.00M |
