Nationwide Building Society has reported total remuneration of £4.67 million for chief executive Debbie Crosbie for the year ended 4 April 2026, almost double the £2.49 million she received in the previous financial year.

The figures, disclosed in the building society's annual report, show that Crosbie received a base salary of £1.2 million, annual performance-related remuneration of £1.75 million and a long-term incentive award worth £1.46 million, alongside pension contributions and benefits.

In the report, chairman Kevin Parry said the increase was driven by the vesting of a long-term incentive award for the first time rather than changes to fixed pay.

"Debbie Crosbie's pay has increased because it includes a long-term bonus for the first time, reflecting the society's outstanding performance and development over the last three years," he said. "In that period, Nationwide has paid out more to members than at any time in its history, our customer satisfaction lead has doubled, and we now have the largest branch network in the country.”

According to the remuneration report, Crosbie's annual performance-related remuneration was determined against a range of financial and non-financial measures, including customer satisfaction, people, risk and strategic objectives. Her annual incentive outcome represented
146 per cent of salary, compared with 132 per cent a year earlier.

Eligible employees working at Nationwide will see their pay rise by an average of 3.8 per cent from next month, according to the remuneration report.

Crosbie’s pay rise follows changes to the building society’s executive bonus scheme. It increased Crosbie’s maximum pay package by 43 per cent, allowing her to earn up to £7 million if all criteria were met. The board said the rise was justified given Crosbie was now in charge of a much larger lender after its takeover of the high street bank Virgin Money.

The report also disclosed remuneration for other executive directors. Chief financial officer Chris Rhodes received a total of £2.55 million, up from £1.52 million in the previous year.
Nationwide said its remuneration framework is designed to support the delivery of its long-term strategy while ensuring executive rewards are linked to performance.

The directors' remuneration report will be put to members in an advisory vote at the society's annual general meeting later this summer.

Nationwide’s annual report also reported statutory profit before tax of £2.3 billion and underlying profit before tax of £2.4 billion for the year. Total assets increased significantly, while customer deposits reached £266.3 billion and mortgage balances rose to £225.9 billion.

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