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Complete financial analysis of Westpac Banking Corporation (WBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Westpac Banking Corporation, a leading company in the Banks – Diversified industry within the Financial Services sector.
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Westpac Banking Corporation (WBK)
About Westpac Banking Corporation
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asia, Europe, and internationally. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products. The company also provides merchant and payment, corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; micro, small, and medium enterprises; commercial business and private wealth clients; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is based in Sydney, Australia.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.02B | 19.91B | 20.63B | 22.35B | 21.51B | 20.95B | 20.60B | 19.80B | 18.64B | 17.98B | 16.91B | 16.86B | 16.80B | 10.98B | 10.15B | 9.10B | 8.82B | 8.01B | 7.33B | 7.26B | 7.95B | 6.25B | 5.76B | 5.63B | 5.09B | 4.75B | 4.38B | 4.31B | 4.48B | 4.58B | 4.55B | 5.17B | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 21.02B | 19.91B | 20.63B | 22.35B | 21.51B | 20.95B | 20.60B | 19.80B | 18.64B | 17.98B | 16.91B | 16.86B | 16.80B | 10.98B | 10.15B | 9.10B | 8.82B | 8.01B | 7.33B | 7.26B | 7.95B | 6.25B | 5.76B | 5.63B | 5.09B | 4.75B | 4.38B | 4.31B | 4.48B | 4.58B | 4.55B | 5.17B | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 6.11B | 5.07B | 5.46B | 4.77B | 4.63B | 4.51B | 4.63B | 4.42B | 4.06B | 3.91B | 3.77B | 3.78B | 3.68B | 2.65B | 2.43B | 2.21B | 1.58B | 1.99B | 1.84B | 1.83B | 1.74B | 1.81B | 1.83B | 1.71B | 1.75B | 1.79B | 1.53B | 1.37B | 1.51B | 1.59B | 1.67B | 1.64B | 0.00 | 0.00 |
| Selling & Marketing | 220.00M | 217.00M | 245.00M | 173.00M | 155.00M | 156.00M | 150.00M | 159.00M | 164.00M | 147.00M | 176.00M | 162.00M | 22.00M | 99.00M | 90.00M | 75.00M | 0.00 | 0.00 | 0.00 | 0.00 | 89.25M | 103.15M | 100.08M | 99.07M | 74.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.54M | 0.00 | 0.00 |
| SG&A | 6.33B | 5.29B | 5.71B | 4.95B | 4.78B | 4.67B | 4.78B | 4.58B | 4.22B | 4.05B | 3.94B | 3.94B | 3.70B | 2.75B | 2.52B | 2.28B | 1.58B | 1.99B | 1.84B | 1.83B | 1.83B | 1.92B | 1.93B | 1.80B | 1.83B | 1.79B | 1.53B | 1.37B | 1.51B | 1.59B | 1.67B | 1.66B | 0.00 | 0.00 |
| Other Expenses | -13.43B | -10.58B | -282.00M | 502.00M | -279.00M | 1.68B | 4.01B | 5.00B | 7.08B | 11.14B | 13.69B | 9.48B | 4.33B | 13.27B | 8.17B | 5.55B | 3.53B | 1.68B | -575.00M | -1.36B | -989.86M | 948.61M | -682.35M | -197.30M | 61.87M | 296.81M | -337.83M | -1.84B | -1.68B | -2.48B | 1.92B | 4.11B | 789.58M | 725.05M |
| Operating Expenses | -7.10B | -5.29B | 5.43B | 5.45B | 4.50B | 6.35B | 8.79B | 9.58B | 11.30B | 15.19B | 17.64B | 13.42B | 8.02B | 16.02B | 10.69B | 7.84B | 5.11B | 3.66B | 1.26B | 473.34M | 843.81M | 2.87B | 1.25B | 1.61B | 1.89B | 2.08B | 1.19B | -469.26M | -169.10M | -887.88M | 3.59B | 5.77B | 789.58M | 725.05M |
| Cost & Expenses | -7.10B | -5.29B | 5.43B | 5.45B | 4.50B | 6.35B | 8.79B | 9.58B | 11.30B | 15.19B | 17.64B | 13.42B | 8.02B | 16.02B | 10.69B | 7.84B | 5.11B | 3.66B | 1.26B | 473.34M | 843.81M | 2.87B | 1.25B | 1.61B | 1.89B | 2.08B | 1.19B | -469.26M | -169.10M | -887.88M | 3.59B | 5.77B | 789.58M | 725.05M |
| Interest Income | 22.28B | 27.05B | 33.22B | 32.57B | 31.23B | 31.82B | 32.30B | 32.25B | 33.01B | 36.87B | 38.10B | 34.15B | 30.45B | 29.08B | 22.08B | 18.09B | 15.14B | 12.93B | 10.03B | 9.36B | 10.41B | 10.46B | 8.48B | 9.03B | 8.54B | 8.54B | 7.17B | 5.99B | 6.88B | 8.22B | 10.76B | 13.19B | 0.00 | 0.00 |
| Interest Expense | 5.42B | 10.35B | 16.32B | 16.07B | 15.72B | 16.67B | 18.03B | 18.71B | 20.14B | 24.37B | 26.10B | 22.31B | 18.80B | 21.86B | 15.76B | 12.45B | 9.88B | 8.18B | 5.68B | 5.07B | 6.21B | 6.58B | 4.86B | 5.41B | 5.19B | 5.28B | 4.19B | 3.23B | 4.24B | 5.65B | 7.88B | 10.03B | 0.00 | 0.00 |
| Depreciation & Amortization | 3.05B | 2.47B | 1.08B | 1.14B | 1.27B | 1.21B | 1.67B | 1.02B | 904.00M | 850.00M | 721.00M | 720.00M | 610.00M | 328.00M | 311.00M | 280.00M | 450.46M | 427.40M | 413.24M | 373.88M | 393.51M | 270.77M | 237.11M | 244.22M | 217.86M | 0.00 | 0.00 | 164.17M | 177.35M | 189.05M | 0.00 | 192.20M | 0.00 | 0.00 |
| EBITDA | 16.97B | 17.09B | 27.14B | 28.94B | 28.49B | 28.51B | 31.06B | 30.40B | 30.84B | 34.02B | 35.27B | 31.00B | 25.44B | 27.33B | 21.15B | 17.22B | 14.38B | 12.10B | 9.01B | 8.11B | 9.18B | 9.39B | 7.24B | 7.48B | 7.19B | 6.84B | 5.57B | 4.00B | 4.49B | 3.88B | 8.14B | 11.14B | 789.58M | 725.05M |
| EBITDA Ratio | 80.73% | 85.84% | 131.54% | 129.50% | 132.49% | 136.06% | 150.80% | 153.53% | 165.45% | 189.24% | 208.53% | 183.83% | 151.38% | 248.84% | 208.33% | 189.17% | 163.05% | 151.09% | 122.85% | 111.66% | 115.57% | 150.16% | 125.79% | 132.90% | 141.40% | 143.80% | 127.18% | 92.92% | 100.18% | 84.73% | 178.98% | 215.29% | 0.00% | 0.00% |
| Operating Income | 13.92B | 14.62B | 26.06B | 27.79B | 27.22B | 27.30B | 29.39B | 29.38B | 29.94B | 33.17B | 34.55B | 30.28B | 24.83B | 27.01B | 20.84B | 16.94B | 13.93B | 11.67B | 8.59B | 7.74B | 8.79B | 9.12B | 7.01B | 7.24B | 6.98B | 6.84B | 5.57B | 3.84B | 4.31B | 3.69B | 8.14B | 10.95B | 789.58M | 725.05M |
| Operating Income Ratio | 66.20% | 73.42% | 126.31% | 124.38% | 126.59% | 130.30% | 142.69% | 148.38% | 160.60% | 184.51% | 204.27% | 179.56% | 147.75% | 245.86% | 205.27% | 186.09% | 157.94% | 145.75% | 117.21% | 106.52% | 110.62% | 145.83% | 121.67% | 128.56% | 137.12% | 143.80% | 127.18% | 89.10% | 96.23% | 80.59% | 178.98% | 211.58% | 0.00% | 0.00% |
| Total Other Income/Expenses | -5.42B | -10.35B | -16.31B | -16.06B | -15.71B | -16.66B | -17.97B | -18.64B | -20.07B | -24.31B | -26.03B | -22.24B | -18.73B | -21.79B | -15.70B | -12.40B | -9.88B | -8.18B | -5.68B | -5.07B | -6.21B | -6.58B | -4.86B | -5.41B | -5.19B | -5.28B | -4.19B | -3.23B | -4.24B | -5.65B | -7.88B | -10.03B | 0.00 | 0.00 |
| Income Before Tax | 8.50B | 4.27B | 9.75B | 11.73B | 11.52B | 10.64B | 11.42B | 10.74B | 9.87B | 8.86B | 8.51B | 8.04B | 6.10B | 5.22B | 5.15B | 4.55B | 4.05B | 3.49B | 2.91B | 2.66B | 2.58B | 2.54B | 2.15B | 1.83B | 1.78B | 1.56B | 1.39B | 611.81M | 71.72M | -1.97B | 256.51M | 920.87M | 0.00 | 0.00 |
| Income Before Tax Ratio | 40.44% | 21.43% | 47.25% | 52.50% | 53.54% | 50.80% | 55.43% | 54.24% | 52.93% | 49.30% | 50.34% | 47.66% | 36.28% | 47.51% | 50.70% | 49.95% | 45.88% | 43.59% | 39.72% | 36.66% | 32.47% | 40.68% | 37.34% | 32.45% | 35.04% | 32.75% | 31.61% | 14.21% | 1.60% | -42.99% | 5.64% | 17.80% | 0.00% | 0.00% |
| Income Tax Expense | 3.04B | 1.97B | 2.96B | 3.63B | 3.52B | 3.18B | 3.35B | 3.12B | 2.98B | 2.83B | 1.46B | 1.63B | 2.58B | 1.29B | 1.63B | 1.42B | 1.22B | 912.53M | 727.94M | 471.50M | 677.49M | 828.88M | 694.15M | 553.42M | 492.49M | 422.06M | 370.78M | -92.82M | 32.36M | -411.62M | -220.19M | 235.94M | -789.58M | -725.05M |
| Net Income | 5.46B | 2.29B | 6.78B | 8.10B | 7.99B | 7.45B | 8.01B | 7.56B | 6.82B | 5.97B | 6.99B | 6.35B | 3.45B | 3.86B | 3.45B | 3.07B | 2.82B | 2.58B | 2.18B | 2.19B | 1.90B | 1.71B | 1.46B | 1.27B | 1.29B | 1.13B | 1.01B | 704.63M | 39.36M | -1.56B | 476.71M | 684.93M | 789.58M | 725.05M |
| Net Income Ratio | 25.97% | 11.50% | 32.88% | 36.23% | 37.15% | 35.53% | 38.90% | 38.18% | 36.57% | 33.21% | 41.34% | 37.63% | 20.51% | 35.13% | 33.99% | 33.73% | 32.00% | 32.19% | 29.79% | 30.17% | 23.95% | 27.42% | 25.29% | 22.62% | 25.35% | 23.87% | 23.15% | 16.36% | 0.88% | -34.00% | 10.48% | 13.24% | 0.00% | 0.00% |
| EPS | 1.52 | 0.64 | 1.82 | 2.22 | 2.38 | 2.25 | 2.55 | 2.42 | 2.19 | 1.95 | 2.32 | 2.13 | 1.25 | 2.05 | 1.86 | 1.66 | 1.44 | 1.28 | 1.14 | 1.18 | 1.02 | 0.88 | 0.76 | 0.66 | 0.70 | 0.56 | 0.49 | 0.38 | 0.02 | -0.88 | 0.39 | 0.64 | 0.78 | 0.83 |
| EPS Diluted | 1.52 | 0.64 | 1.82 | 2.22 | 2.22 | 2.12 | 2.42 | 2.32 | 2.09 | 1.85 | 2.18 | 2.02 | 1.19 | 1.95 | 1.79 | 1.60 | 1.43 | 1.26 | 1.14 | 1.17 | 1.01 | 0.87 | 0.76 | 0.64 | 0.67 | 0.56 | 0.49 | 0.38 | 0.02 | -0.88 | 0.39 | 0.64 | 0.78 | 0.83 |
| Weighted Avg Shares Out | 3.59B | 3.59B | 3.73B | 3.64B | 3.36B | 3.31B | 3.15B | 3.12B | 3.11B | 3.06B | 3.02B | 2.98B | 2.77B | 1.88B | 1.86B | 1.85B | 1.96B | 2.02B | 1.91B | 1.86B | 1.86B | 1.94B | 1.91B | 1.93B | 1.86B | 2.03B | 2.05B | 1.83B | 1.66B | 1.77B | 1.21B | 1.07B | 1.02B | 872.83M |
| Weighted Avg Shares Out (Dil) | 3.59B | 3.59B | 3.73B | 3.64B | 3.60B | 3.52B | 3.31B | 3.26B | 3.26B | 3.23B | 3.20B | 3.14B | 2.90B | 1.98B | 1.93B | 1.91B | 1.98B | 2.04B | 1.92B | 1.87B | 1.88B | 1.97B | 1.93B | 1.99B | 1.92B | 2.03B | 2.05B | 1.83B | 1.66B | 1.77B | 1.21B | 1.07B | 1.02B | 872.83M |
Westpac Annual Profit Falls 3%, But Upbeat on Prospects
The lender said its annual net profit fell by 3%, but signaled hopes that demand for housing and business credit will rise in 2025 as Australia's central bank joins global counterparts in cutting interest rates.
Australian lender Westpac's annual profit falls 3%, increases buyback
Australia's Westpac Banking Corp reported a 3% fall in annual profit on Monday, due to rising costs and intense competition in the mortgage market, while it increased its buyback program by an additional A$1 billion.
Australia's Westpac appoints Peter Herbert as acting CEO of business segment
Australia's Westpac said on Thursday Peter Herbert will be appointed as acting chief executive for its business and wealth segment, effective Nov. 5.
Westpac flags $82 mln hit to FY24 net profit from notable items
Westpac Banking Corp , Australia's third-largest lender by market value, said on Tuesday its 2024 net profit would take a A$123 million ($82.26 million) hit due to impacts from certain notable items.
Australia's Westpac to sell auto finance loan book to Resimac Group
Westpac Banking Corp said on Thursday it would sell its auto finance loans book to non-bank lender Resimac Group for an expected value of A$1.4 billion ($963.62 million) to A$1.6 billion at completion.
Westpac appoints Anthony Miller as new chief executive officer
Westpac has appointed Anthony Miller as chief executive officer and managing director, the Australian bank said on Monday.
Westpac posts steady third-quarter profit, helped by higher capital earnings
Australia's Westpac Banking Corp said on Monday its third-quarter net profit was largely in line with a year ago, as increased earnings from capital and hedged deposits counterbalanced rising expenses and bad loans.
Westpac's First-Half Profit Falls, Lifts Buyback
The Australian bank said its first-half net profit fell by 16%, but it would return more capital to shareholders through an increased dividend and bigger share buyback.
Australia's Westpac net profit falls 16%, announces additional $661 million buyback
Australia's Westpac Banking Corp reported a 16% drop in its first-half net profit on Monday as margins are squeezed by intense lending competition and higher costs. It also announced an increase of A$1 billion to an existing share buyback program.
Australian bank Westpac extends moratorium on regional branch closures till 2027
Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these branches, the lender said early on Wednesday.
Source: https://incomestatements.info
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