Companies: 10,795·Total market cap: $144.5T
NatWest Group plc

NatWest Group plc

NWGNYSEFinancial Services● Active
$15.93
+$0.14(+0.89%)
Market Cap$31.7B
P/E Ratio—
52W High$19.36
52W Low$12.91
Shares OutstandingFinancialsRevenue

NatWest Group plc (NWG) Shares Outstanding — Overview

Basic and diluted weighted average shares, YoY change, float context, and historical trend from SEC filings and FMP.

NWG · shares outstanding · updated Jun 8, 2026

Key metrics

Basic Shares Outstanding · Weighted average · fiscal year
2.013B▼ -4.71% YoY Change
FY · as of Dec 31, 2025 · Reported in GBP
vs 2.112B in FY 2024
Diluted Shares Outstanding
2.031B
incl. options, RSUs, convertibles
Dilution Spread
+0.92%
Diluted vs Basic
YoY Change
-4.71%
year-over-year
Float (Free Float)
1.991B
publicly tradable shares
100.0% of total
Source: FMP /income-statement · /shares-float · SEC 10-K / 10-QUpdated: 2026-06-08

Shares Outstanding Growth Rate

3-Year CAGRdeclining
-6.6%
2022 → 2025
5-Year CAGRdeclining
-6.4%
2020 → 2025
10-Year CAGRdeclining
-2.8%
2015 → 2025
ⓘ

Negative CAGR typically indicates share buyback or retirement activity. Interpret alongside Splits and Financials tabs. Splits / Financials

Shares outstanding history

↓ Decrease — typically buyback / retirement
↑ Increase — issuance / equity compensation
Latest
* most recent reported · FMP /income-statement · weightedAverageShsOut

Annual shares outstanding by year

FY 2025Latest
Diluted Shares: 2.031B
2.013B
-4.71%
FY 2024
Diluted Shares: 2.129B
2.112B
-8.30%
FY 2023
Diluted Shares: 2.305B
2.304B
-6.66%
FY 2022
Diluted Shares: 2.482B
2.468B
-8.46%
FY 2021
Diluted Shares: 2.707B
2.696B
-3.98%
FMP /income-statement · weightedAverageShsOut · weightedAverageShsOutDilUnit: Billions (B)

Financial Services sector shares outstanding comparison

Shares Outstanding for similar companies or competitors in the Financial Services sector.

#SymbolCompanyShares (Basic)vs NWG
#1
Bank of America CorporationBAC
Bank of America Corporation
7.365B+265.9%
#2
JPMorgan Chase & Co.JPM
JPMorgan Chase & Co.
2.789B+38.5%
#3
Berkshire Hathaway Inc.BRK-B
Berkshire Hathaway Inc.
2.157B+7.2%
#4
NatWest Group plcNWG
NatWest Group plcYOU
2.013B—
#5
Visa Inc.V
Visa Inc.
1.942B-3.5%
#6
Mastercard IncorporatedMA
Mastercard Incorporated
897.0M-55.4%
#7
Berkshire Hathaway Inc.BRK-A
Berkshire Hathaway Inc.
1.4M-99.9%

/company-screener · per-peer /income-statement · cache 86400s

Understanding Shares Outstanding

What Are Shares Outstanding? (Basic)

NatWest Group plc (NWG) shares outstanding is the total number of issued shares held by shareholders — the basis for Basic EPS and market capitalization. As of December 31, 2025, NatWest Group plc reports 2.013B basic shares outstanding (weighted average).

Basic vs. Diluted Shares Outstanding

NatWest Group plc's basic shares outstanding (2.013B) represents currently issued shares. Diluted shares outstanding (2.031B) also includes potential shares from stock options, RSUs, and convertibles. Dilution spread: +0.92%.

Shares Outstanding vs. Float (Free Float)

NatWest Group plc's float is 1.991B (100.0% of total shares outstanding) — shares freely available for public trading, excluding insider-held and restricted shares.

Float1.991B(100.0%)
Outstanding1.991B

ⓘ Float data from /shares-float reflects the most recent SEC filing period-end. The weighted average shares (from /income-statement) may differ — this is a normal reporting window difference, not a data error.

FMP /income-statement · /shares-float · SEC EDGAR · GBP

About shares outstanding & methodology

NatWest Group plc (NWG) shares outstanding history from 2006 to 2025. Shares outstanding can be defined as the total number of shares held by all shareholders — including institutional investors, retail investors, and company insiders — assuming conversion of all convertible debt, securities, warrants, and options. This metric excludes the company's treasury shares.

NatWest Group plc shares outstanding for the fiscal year ending December 31, 2025 were 2.013B, a 4.71% decline year-over-year. NatWest Group plc FY 2025 shares outstanding were 2.013B, a -4.71% decline from FY 2024.

NatWest Group plc is a leading company operating in the Financial Services sector. The company's share count trajectory — with a 10-year CAGR of -2.8% — is a key signal for investors evaluating capital return policy, EPS accretion, and long-term shareholder value creation.

Figures tie to SEC 10-K/10-Q income statement disclosures and FMP /income-statement · /shares-float where noted.
Market capSplitsEarningsFinancials (Income)Cash on handFree cash flowNet incomePrice history

Frequently asked questions

NWG shares outstanding · 4 questions

As of December 31, 2025, NatWest Group plc (NWG) has approximately 2.013B basic shares outstanding and 2.031B diluted shares outstanding. This represents a -4.71% year-over-year change from FY 2024 (2.112B). NatWest Group plc's declining share count is primarily driven by its share buyback program. For the complete historical data table, see the history table above.

NWG shares outstandinghow many shares does NWG haveNWG basic shares 2025NWG diluted shares

▸ Data: FMP /income-statement · /shares-float · SEC EDGAR · weighted average basis · NatWest Group plc SEC 10-K & 10-Q filings · US GAAP · Last updated: 2026-06-08